Domain Trading: How Can You Make Money With Domains
If you choose the right domain name, it can be worth a lot of money. It doesnt matter what kind of website you have published at the web address. In principle, you dont even need a website to start actively domain trading, since the address itself is the thing with value. If you own a domain that others are keen to claim, you could even make a fortune with it. But how? What do you need to do to sell a domain?
Register a domain name
Build your brand on a great domain, including SSL and a personal consultant!
Building A Solid Domain Portfolio
Building a high-quality domain portfolio can take months or years to accomplish. Often, the key is looking forward to what domains may become popular in the future and hedging through numbers by purchasing hundreds of domains. Others choose to purchase a few already high profile domains and sit on them hoping that they appreciate in value.
Brandable Names Always Sell Morefact
Brandable domain names are sold so much than any other types of domain names. These are domains that sounds like a great brand and can easily be associated with any businesses.
Big businesses spend thousands of dollars to build their business.
They wouldnt mind paying you that much money to acquire a great domain name that you own.
Dont believe me? Visit BrandBucket and see how much most of their domains cost just because of their great brandability.
Its one of the most visited online marketplace for creative and brandable business names. Most of their domains are sold for thousands of dollars.
And yes! People do purchase these domains.
So if you are into buying and selling domains, buying brandable domain names puts way ahead of the game and ensures your success.
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Receive Payment Via Escrow Service
The most advisable way of selling a domain name and receiving a larger payment for your domain is through an escrow service, which is the safest way of receiving payments without the possibility of getting scammed. It serves as a third party that can hold payments from the domain buyer and deposits them to the seller.
Some of the domain selling platforms have a built-in escrow service for all transactions. If the platform doesnt have such a service, you should find one that does. Although an escrow service takes a percentage of each transaction, you can be assured that the payment will not be fraudulent.
The best way to sell a domain name is by closing the sale through an escrow service. With an escrow service, if any of the sides do not deliver the requested funds, the service has all of the information needed for litigation.
Set A Price For Your Domain
Now that youve arrived at a fair market value for your domain name, the next step is to work on a pricing strategy. Although most domain names, especially aftermarket domain names, sell in the three to four-figure range, if you have a premium domain name, you can often price below fair market value in an effort to drum up interest. With this type of domain name, its often advisable to set an asking price straight up. Another benefit of using a fixed-price Buy Now or Priced to Sell pricing strategy is to create a sense that makes people think they could lose the opportunity to grab a great domain name at any time because the buying market is often fast and furious, especially if your price is below where it should be. This can also be a good strategy to use if youre looking for fast sales.
However, if you have a premium domain name that is a domain name that you know can command six or even seven figures, youre in a good position to set a price well below fair market value in an effort to drum up interest. If your domain name is really high in demand, you can create a bidding war that pushes your selling price closer to, or even over, fair market value, creating the potential to make a massive profit!
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What If My Domains Are Hosted With Another Provider
Don’t worry, while your domain names do have to be hosted with GetDotted.com before you can sell domain names through us, you can transfer them into GetDotted.com absolutely free of charge. Once your domains are successfully transferred into us, you can choose to put your domain names up for sale and specify prices within the MyFreeola Control Panel.
Why Is Com Still King
The internet started with seven top-level domain extensions . Of those seven, you, as an unaffiliated early Internet user, could only register a domain on .com . The others were reserved for institutions or computer networks.
Its worth noting that while .org and .net were intended to be restricted to non-profit organizations and computer networks, those restrictions were never enforced.
Its interesting that .com retains so much of its old school glam luster since most web or internet users werent even around when .com was the only game in town. In fact, more than a billion internet users werent even born when the first new TLDs were introduced in 2001*.
But much of the early writing about the Internet used, or centered around, the phrase dot com. All of the early Internet businesses were on .com domains . When the bottom fell out of the Internet economy in 2000, it was referred to as the dot com bubble bursting.
So it seems to me that history is the only thing propping up the perceived value of a .com domain. Theres no technical or practical reason for a .com to be worth more than any other TLD.
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Two: Unlock Your Domain
Next on the agenda, you are going to want to unlock your domain. This lock is placed on domain transference so that the chances of a domain being stolen or used illegally are drastically lowered. That being said, if you plan on doing it the legal way and you know you are not dealing with a thief, removing this lock is a requirement before moving on in the process. Oftentimes, it is managed via simple settings that are located in your management platform and can be changed with a couple of clicks after logging into your account.
Where Is The Best Place To Buy My Domain Name
Best Place To Purchase A Domain NameGoDaddy. There is only one place to begin, and this is with GoDaddy, which is a company you have probably heard of.NameCheap. Another company that is based in Arizona is NameCheap. Domain.com. Another great resource for purchasing a domain name is domain.com. Hostgator. Bluehost.
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How Can I Sell My Domain Fast
How to Sell Your Domain Determine the Value Of Your Domain. The first thing youll need to do is properly price your domain. Decide How Youd Like to Sell. Make sure your contact information is public on the WHOIS directory. Prepare Your Domain Listing. Use an Escrow Service to Receive Payment. Transfer the Domain.
Know Your Domains Value
Understanding how to sell a domain name effectively starts with one key piece of knowledge: the domains value. After all, you have to know what buyers are willing to pay in order to set a reasonable price.
There are a few elements to consider that might affect the value of your domain name. Some of these include:
- Length. Domain names under 15 characters tend to be more valuable.
- Keywords. Having relevant terms in the domain name can boost a sites SEO potential.
- Simplicity. Overly complicated names can be difficult for users to remember, thus decreasing their value.
In other words, a short, simple, and specific name will usually fetch a higher price. However, you might want more specifics regarding your domains value. Thats why we recommend using a service such as GoDaddys appraisal tool:
All you have to do is enter your domain name into the box and click onGet Value. Youll see a basic report that looks something like this:
Thats it the program will return a figure based on real-world sales data. Nevertheless, this is still only an estimation. As such, feel free to adjust this number as you see fit .
Knowing the value of your domain name is undeniably useful. However, that alone isnt all you need to get the most out of it. Youll also need to decide on the best sales strategy.
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Designing A Domain Listing
If you have chosen a platform where you want to advertise the available domain, create an entry there. Like with other sales, there are a few rules to keep in mind: If you state your domain name and price, you probably wont attract too many customers. The platform entry might not be attractive enough. However, those who provide additional information are more likely to encourage prospective buyers to make a purchase.
While it might seem silly at first, you can also add a product description to a domain. For example, you can enter information about the domains previous ranking and provide information about what kind of areas the URL is appropriate for. Even adding a picture is possible: a graphic reworking of the domain name or a screenshot of the former website encourages marketplace visitors to consider your advertisement. If possible, you can also comment on the existing or expected future value of the domain, justifying a required price.
Not all marketplaces offer you the opportunity to store extensive information. However, in those cases, no-one can take advantage of this, so it doesnt necessarily have to become a disadvantage for your listing. Instead, many platforms allow you to promote your domain for a fee. So, if you assume that your domain name will fetch a decent price, it can be worth investing in the additional advertising.
How To Sell Your Domain Name In 5 Simple Steps
In this guide, well take you through each step to successfully sell domain from start to finish. From valuation and pricing to marketing and transferring the domain name to the buyer, we break it down for you step by step.
Heres a glimpse at each step and what well cover below:
Step 1 Determine the domains value.
Step 2 Set a price for the domain.
Step 3 Put the domain name up for sale.
Step 5 Transfer the domain.
Of course, the process isnt as simplified as this, so lets dive into the nuts and bolts of each step.
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Buying And Selling Domain Names
There are many different ways to buy and sell domain names. Many standard domain registrars, such as GoDaddy.com, will facilitate sales via auction. Meanwhile, specialized websites, such as Sedo, are designed exclusively to buy and sell domain names. Finally, parking domains with a for sale page is a great way to draw targeted interest from potential buyers.
Things That Can Have A Positive Impact On Domain Value
- If the domain is a .comDespite the availability of hundreds of new domain extensions, the old standby .com is still king. When you look at the top 100 domain sales of all time, 96 of the 100 domains were .com.
- If it is shortGenerally speaking, the shorter the domain, the higher the price. One, two, or three-letter domains are historically among those that bring the highest prices.
- If it is easy to spellDomain names that include common words or regular abbreviations will fetch a higher price.
- If it is a single dictionary wordAlong with short domains, generic single word domains also top the charts with all-time high sales numbers. The logic here is obvious: there are a limited number of generic words that everyone knows.The average native English speaker only knows or uses about 20,000 words. Maybe half of those are generic. There are 142.5 million .com domains currently registered, which means only 0.007% of all registered domains are generic English words that would be known to most native speakers.If you own one of those domains, you have a rare quantity that has commensurate value.
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Where Can I List My Domain Names For Sale
There are several places you can list your domain names for sale. And each has its pros and cons. Uniregistry is a sales marketplace to sell domain names and offers a brokerage service to help clients negotiate the sale of their domains. Uniregistry is also a registrar and offers domain name parking services.
How To Advertise My Domain Name
How to Advertise My Domain NameKeywords and SEO. Adding terms to your online content that a potential visitor might search for in relation to the products or services you offer is one part of the Rule of Seven. In advertising, there is an old adage used called the Rule of Seven. Banner Ads. Guest Blogging. Social Networking.
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Domain Names Will Always Have Value
Will they though?
I wouldnt be so sure.
As long as we continue name-based Internet addressing, certain domain names will have value. But trying to predict the future of the Internet is like predicting which number a roulette ball will land on. All you can do is guess, and youll be wrong most of the time.
For that reason, I wouldnt hold domain names as long-term investments, believing that I was going to fund my retirement on domain sales. There are too many unknowns. Too many variables. Eventually, some 13-year-old kid in Iceland or São Paulo will come up with a technology that makes domain names obsolete.
Even if the technology stays the same, what is considered a valuable domain name can certainly change. The biggest domain selling payday I ever had was a $19,000 live auction sale in 2008. But that was a long time ago, and Im pretty sure it would be tough to get a couple of thousand dollars for the same domain name now.
Timing can be important when considering when to sell a domain.
Price Your Domain Name
Now that you have an indicator of what your domain could potentially sell for its time to decide on the right pricing strategy. As we wrote here, most aftermarket domain names sell in the US$2,000 range, and the fast majority of the rest of domain names that are being purchased on the secondary market go for under $5,000. So unless you have your hands on a premium domain name that should sell for well into the five or perhaps even six-figures its highly recommended you market the domain name with a realistic, priced to sell, Buy-It-Now price. According to research from leading domain name marketplace Sedo, domains with a Buy Now price are three times more likely to sell than the standard make offer domains. Another reason to choose this strategy is that a Buy-It-Now pricing creates a sense of urgency for buyers if they dont buy now, someone else might and they may lose out on the opportunity to own the domain name forever.
If you own a highly sought-after domain name and enjoy the process of negotiating a deal, there are several reasons to go with the Make an Offer approach instead of a putting a fixed price on your domain. Receiving offers on your domain name will allow you to do some due diligence on the interested party and find out what their plans with the domain name are and how much they are potentially able and willing to pay to acquire your domain name.
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