What Are Domain Names
Domain names are the addresses of websites that people type into a web browser. So for example, a domain would be www.hindipanda.com. Domains are like virtual real estate. If you have a domain name, it is like a land on the Web.
You can use domains in a variety of ways to make money. Domains increase value over time, especially if they have some commercial value. You can buy a domain name at low price and then sell it high price.
List Your Domain On Godaddy
To get started selling your domain on GoDaddy Public Auction, the first thing you need to do is create a GoDaddy Auctions account if you dont have one already. After that, log in to your GoDaddy Auctions account and add at least one payment type in your settings page. The payment type that you add will determine how you will funds payments when someone buys your domain at the end of the day. Once the payment type is added, you can then proceed to click on the List a Domain link in the top menu where you will enter the domain name you want to list.
How Do People Sell Domains
Set price, auction, and make an offer are some of the most common strategies. Its possible to set a specific price for a domain name when youre not in a rush to sell it. This strategy is usually adopted by people with a large portfolio. The auction strategy is followed by both Namecheap and GoDaddy.
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Use An Escrow Service To Receive Payment
One way to safeguarding the selling of your domain is to use an escrow service. This will help you avoid being scammed or tricked by a potential buyer.
An escrow service will act as a neutral third-party that will safely hold and process the funds.
Some selling platforms like Sedo have a built-in escrow process for every transaction done through the site. This will take a percentage of the final price, but safeguarding your domain is well worth it.
How To Sell A Domain Name
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There comes a time in the life of every domain when its ownership must transfer hands. The reasons for selling a domain can vary greatly maybe the company is no longer being in business, or the domain was bought in bulk and never used. If you’re looking to offload your extra domains to make some spare cash, or if you’re sitting on a premium domain name worth a goldmine, see Step 1 below to learn how to sell it.
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Protect Your Domain Sale With An Escrow Service
Once you get an interested buyer, its normal to feel eager. However, try not to let your excitement get the best of you. Its almost impossible to be too cautious with an online sale.
Unfortunately, not everyone on the internet is looking for an honest deal. Theres always a chance of losing your domain to a scammer. Fortunately, an escrow service can go a long way towards preventing that.
Escrow is a legal agreement where a company acts as a neutral third party. They hold your domain name until theyve received the funds. Then they execute the trade to ensure that both parties get what they agreed on.
There are plenty of high-quality escrow services out there. Were particular fans of Escrow.com, given its stellar track record and popularity:
However, any other secure service will do the trick. Just take a look at how much they charge in commission you probably dont want an unwelcome surprise. The customer service may also be worth investigating, in case you ever need support.
In our opinion, the only way to go wrong here is to not use an escrow service. It can be tempting if youre not excited about paying a commission, but that discount comes with a pretty severe risk to your security.
This goes double for any suspiciously high bids. Scammers may offer you an unreasonable amount of cash for your domain, but insist that none of it goes through escrow. That way, they can take the money and run. We recommend that you avoid these kinds of deals at all costs.
Marketplaces To Sell Domain Names
If you’re not dealing with a large number of potential buyers knocking on your door, then it’s time to look at your next best option: the domain market.
These are places that are actually designed for the buying and selling of domain names.
If you’re looking to sell domain names, this is often the best option for turning a domain name into cash. This is where you can find a prospective buyer and every kind of domain broker.
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How To Sell Your Domain
Selling your domain is going to be a lengthy process, and you might not get any bids straight away. It depends upon the existing value of your domain and how well you market it. The process will differ from selling websites, however.
Below we cover the process of discovering the value of your domain name and hopefully selling it for a nice sum.
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What Are Domain Auctions
Domains are more than a web address. They often have value that extends well beyond their initial registration price. Depending on how memorable it is or how well it ranks on Google, a domain that initially cost a few bucks can be worth a lot of money to the right buyer. Thats why domain auctions exist to give domain owners an opportunity to sell their name for a profit, and give buyers a chance to get a name that can take their website to the next level.
What Not To Do
Heres what you DONT want to do: Target prospective buyers based on their perceived economic status, without any insight into the industry youre targeting. Lawyers seem to do well, you think, maybe I should start selling names to them. So you rush out and buy a bunch of domain names you think would appeal to the law firms youve identified as potential buyers.
Without knowledge of the space, you may not know that the American Bar Association and other industry-specific organizations set rules that govern some aspects of legal advertising. Youre not going to strike gold selling names your target buyers cant use.
You can keep a domain for 10 years and still sell at a considerable profit. While you are waiting for it to sell you can monetize the domain and throw in some SEO, which in turn can justify the cost to the buyer.
Most domains end up paying for themselves so your portfolio wont really cost you any money out of pocket.
Remember to focus on the areas you know well and you will be much more successful than buying and selling domains you think would benefit someone in an industry you know little about.
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What Happens If I Don’t Remove My Domain
If you don’t remove your domain from your Microsoft 365 account at Microsoft, you can’t use Microsoft 365 from GoDaddy. If your domain isn’t removed from Microsoft after you move to Microsoft 365 from GoDaddy, youll lose access to the mailboxes associated with the domain. Workspace Email is removed from your account 14 days after the transition, so youll also be at risk of losing mail flow to your mailboxes.
If you’d like to regain access to the mailboxes associated with your domain and fix issues with mail flow after your transition, go to your Email & Office Dashboard. In the red banner, select Help me fix this.
Use An Escrow Service To Secure The Payment
One of the best ways to make sure nothing dodgy happens when securing payment for your domain is to use an escrow service.
An escrow service is just like a broker between you and the buyer:
- You make an agreement detailing the terms of the sale.
- The escrow service manages the sale.
The escrow service will notify you once they receive payment and will release it to you once you have transferred the domain.
If either party fails to deliver, the escrow service has all of the contract details to help sort it out. Most domain listing and auction sites have their own escrow system in place. If so, they will handle the entire sales process for you.
If you dont end up selling through one of these services, use your own escrow for added security.
Trust me, its not worth the headache to go without escrow.
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How To Sell A Domain Names
This time-domain title is similar to internet residential or commercial real estate. You book for that right time to sell because you make together with the physical residential or industrial properties that you acquire and get future price growth.
If Youre holding top-leveldomain such as .com and .net, nevertheless, best is .com after that, you can have opportunities to end up being the millionaire overnight, yet how?
It is feasible through an online company call to sell domain names online. Find below are a couple of high values sell domain names listed in Wikipedia.
If you locate the above list, you will shock how a one-word keyword domain obtained cost a countless buck.
In the event that you are able to book some including more than afterward overnight you would be the winner that is exactly what I shall explain within this guide.
I wish you got a factor to sell the domain. Today will surely discuss exactly where to obtain the best domain name idea and also at which to sell this.
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How To Buy Domain Names
You can buy domain names from a reputable domain registrar at sites like Namecheap, Godaddy, bigrock etc. You will type in your chosen domain name in the search box and if its available you can purchase it for a few dollars per year.
If you choose a domain name registered by someone else, you can find the owner and see if they want to sell it. Marketplaces like Sedo have an auction site where owners can list their domain names for sale.
Many domain names expire if the owners overlook or forget to renew them or if they no longer need them. You can buy these domain names when they become available to buy if you think they can be handy in future.
Here are rules where you cannot buy any domain name
- Trademarked by a company.
- Do not steal a company or persons name and buy that domain.
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Tips To Get A Great Deal Selling Your Unused Domain Name
Domain names can sell for anything from a few hundred dollars, to tens of thousands of dollars in some cases. There are even sales in the hundreds of thousands of dollars in some unique cases. The real valuation of a domain name comes from a number of factors, and by understanding those factors, you can increase the value of your domain before you make the move to sell it. A lot depends upon where you are in the process as well.
Domain Name buying and selling is one of those things that many people don’t even realize is an activity that goes on, yet there are a surprising number of entrepreneurs out there that are making a tidy profit from domains within that online marketplace. All you have to do is browse the list of top 100 domain name sales on DN Journal to realize just how much money is at stake here.
Domain names can sell for anything from a few hundred dollars, to tens of thousands of dollars in some cases. There are even sales in the hundreds of thousands of dollars in some unique cases. The real valuation of a domain name comes from a number of factors, and by understanding those factors, you can increase the value of your domain before you make the move to sell it. A lot depends upon where you are in the process as well.
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Closely Monitor The Final Domain Name Transfer
Once youve found a buyer and started the escrow process, you may be tempted to sit back and let the sale finish itself. However, we recommend that you stay engaged throughout the final transfer.
For example, most domain marketplaces will charge a small commission fee. This usually happens after youve been paid and the domain has been successfully transferred. Thus, you may want to track this stage so you know exactly how much money youre ending up with.
Furthermore, your buyer might have questions during the transfer process. Staying in the loop can ensure that you answer these promptly, which can in turn improve your reputation as a responsive domain seller. If you want to double down on this benefit, remember to communicate professionally.
Monitoring the end process also keeps your schedule up to date. Most escrow services will have a waiting period to ensure that funds are properly allocated. However, these can vary depending on the seller and situation, so you may want to stay informed in case any problems arise.
After the final transfer is made, we also recommend that you look back on your experience. If the marketplace and escrow company you chose made the process easy, then you know you can save time on a new search and simply return to them next time you need to sell a domain name.
Find A Buyer With Outbound Sales
Do you have a descriptive domain name in a niche with many potential end-users? Something like AustinBaker.com or AtlantaLawyer.com.
If the answer is yes, you might want to consider putting in a bit of effort to increase the likelihood of selling your domain name by actively reaching out to relevant businesses that could benefit from owning your domain name.
Outbound sales are typically done via email or phone to a targeted group of leads that have been gathered after some research. The best place to start your research is by doing a Google search for businesses that match the keywords of your domain name.
Once you have a list of businesses gathered you can use tools such as LinkedIn or Clearbit Connect to find the names and email addresses of the person in charge of marketing or technology such as the Chief Marketing Officer or CTO. If a business is small I recommend emailing the owner directly. Make sure to send emails individually, keeping each of them personalized and short.
Such as in the example below.
Subject: Selling AtlantaLawyer.com
Dear John,
I own the AtlantaLawyer.com domain name and I am reaching out to a few companies in the legal sector here in Atlanta to explore a possible sale of the domain name. Would you be interested in owning this domain name for your business?
Regards,
Your NameYour contact details.
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