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.
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.
Commission Rates Of Sedo For Successful Sales
Sedo is in between Godaddy and Flippa. They have the following commission rates.
- 10% if the domain was parked and sold with a fixed price.
- 15% of the gross amount for all successful sales in the Sedo marketplace.
- 20% if its sold through SedoMLS partners.
So its a great place because this marketplace is dedicated to selling and buying domain names.
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How To Sell A Domain Name At The Highest Price
Are you in domain flipping business and want to learn the art and techniques of selling a domain successfully and profitably?
Then this article is certainly going to help you.
Domains are like internet real estate and as a domain flipper, its crucial to learn the art of selling a domain name at the highest possible price.
There are domains that have been sold for millions of dollars.
Heres an Wikipedia article listing the most expensive domain names ever. Its true that people have paid that much to acquire just a domain name.
So you can imagine how much you could have earned if you were the owner of one of these domains. What could have happened if you registered such a domain on your name before it was sold.
You would have been a millionaire now.
But what made those simple domains sell for millions?
The fact is that the names may look pretty simple in your eyes. But the people who purchased the domains definitely saw something entirely different or they were made to see something different.
This is the art of selling a domain name at the highest price.
You need to learn the art of showing the highest possible value of your domain names in the eyes of buyers.
Thats what will make people buy your domain names.
A domain name is not just a name. But its so much more than this.
Every online business starts with a domain name. Its the first thing people would have to remember when they want to visit your site.
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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What Is The Best Way To Sell A Domain Name
There are multiple ways to sell a domain, like selling a domain through social media platforms, email marketing, reseller brokers, and auctions. But if you want to sell your domain names quickly then definitely selling on auctions is the best way to sell domains.
Its hard to sell domains directly because you dont know where is the right buyer, what does he do and how can you reach out.
There are dozens of social media platforms like , Linked In, Twitter, and sites like Craigslist where buyers and sellers meet one other. You can sell domains for free on social media platforms but its always hard to find the right buyers. You cant find serious buyers who are willing you a handsome amount in such groups. Because such buyers already know that the best places to find valuable domains are not these social media platforms.
This doesnt mean you should not try such platforms, but you should keep in mind that the chances to sell a domain through a social media platform are far far less than dedicated platforms like Flippa, Afternic Sedo, etc.
Commission Rates Of Flippa
Flippa has some great commission rates for selling your businesses and domains. You can sell your domain names, websites, and even starter websites and applications, but the commission rates are the same for all successful sales.
- Up to 50K successful sales, they shall take a 10% commission.
- From 50K to 100K they shall take a 7.5% commission.
- Over $100K its only 5%.
But they shall charge you for listing your product, and they shall get your domain name in front of the right buyers.
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Hire A Domain Name Broker
Does all of the above sound difficult or tiring? Well, I didnt say this was easy, did I?
If you own a domain name with a significant value you can, and probably should, consider getting a professional domain name broker involved to help you find a buyer and facilitate the sale on your behalf. Most domain brokers work on a commission basis, meaning they are paid a percentage of the sale price.
This no-cure, no-pay structure means most established brokers will only be interested in working with you on finding a buyer for your domain name if it has a value that is at least in the high five-figure range. It is very important that you make yourself familiar with the brokers policies and pricing structure prior to engaging the services. A written agreement clearly outlining all the nitty-gritty details such as commission and exclusivity is highly recommended.
Below is a list of domain name brokers and brokerage firms with a good reputation and track record:
Make sure to do your own due diligence before working with a domain name broker and always use a licensed escrow service to facilitate the sale of the domain name and the transfer of funds.
This Brings Up A Really Interesting Common
If all these domain names you’re buying are worth hundreds of dollars, why are they all available for $15 a year? Or less, depending on the sale price.
A domain name is worth what someone will pay for it. Period.
These companies have a financial interest in claiming high values, but it’s like the old baseball card guides that said all common cards were worth a nickel.
Except that no one ever wanted the common cards, so in reality, they weren’t worth anything.
Don’t trust these tools at all. They don’t even work for general guidance.
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Create A Vision For Your Domain
There are plenty of reasons for someone who comes across your domain sales to fall for a convincing sales story. Maybe they’re looking to start their own blog, a personal website, an e-commerce site, an academic informational site — it’s hard to know. However, the keyword phrase that your site is focused on often tells its own story. Some topics just lend themselves to informational websites, for example.
Think about the amazing things people could do with your domain. Think outside the box. Generate a list of 3-5 amazing ideas that’ll get people really excited about owning your domain name.
Decide On A Pricing Strategy
After researching what your domain might sell for, its time to determine a pricing strategy. Typically, there are two methods to choose from:
- Fixed price. In this pricing strategy, the seller sets a specific price for the domain, and an interested buyer can purchase the domain immediately without negotiating.
- Flexible price. This strategy works better for selling domains with an uncertain value. Youll receive an offer from a potential buyer. Then, you can start negotiating until you reach the desired price.
Lets consider this in practical terms. Assume that you list your domain with a fixed price of $3,000. Buyers who want to acquire the domain cant ask for a lower price.
On the other hand, flexible pricing allows buyers to bargain. Depending on the demand and the negotiation process, they might even pay more than $3,000.
In general, its best to use fixed prices for lower-priced domains and flexible prices when selling a premium domain name.
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Build A Great Sales Page
Once you have a good picture of your domain’s SEO keyword power, armed with a convincing vision for how that domain could be put to good use, and an idea of what other sellers of similar domains in your niche are asking for in terms of price, you’re ready to create the sales page for that domain. There are some people that try to combine a sales page and an ad-page so that they can generate some funds from Google ads, while also offering a sales link for anyone interested in buying the domain.
If you’re really serious about selling the domain, you may want to bypass the ads, and devote the entire web page to selling the domain. Provide a clear description of your vision for the domain, include information about the high search value for the domain, and anything else you can think of that would convince the prospect to click on the Inquiry link.
You can use the Inquiry link to send interested buyers to your domain auction page.
Build A Solid Domain Portfolio
Building a solid domain portfolio is not a piece of cake it may take you several months or years to achieve this goal but it will definitely be worth it in the end. When you are in the fishing phase, look at the potential of the domain name. Another common strategy used by seasoned domain flippers is to get hold of some high profile domain names and sit on them until they soar in terms of value.
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What Risks Are Involved With Domain Flipping
As with almost any type of flipping business, domain flipping isnt without its risks.
You always run the risk of losing money instead of profiting.
Its much like those who buy houses to flip, spend a lot of money making the houses look the way they want, and find out that they could only sell it for the same amount theyve invested.
You could end up spending hundreds on your domains, only to get just about the same amount back, or maybe even less.
This isnt likely, though, once you get a hang for how it all works.
But, in the beginning, its a possibility.
Also, you should be aware that some of your domains could take months, or even years, to sell.
Its not always a quick process, so you should prepare to have some money available for your upfront investment that you wont need back right away.
And then there are always some legal issues involved.
You could wind up purchasing a domain name with a trademarked name without realizing it.
If that company wants to go after you for doing so, it can.
Or, if you buy a domain name that includes someones real name, he or she can fight you for ownership of your domain.
Things can get a little sticky when flipping domains, so its very important that you understand what youre doing, and know what to avoid, before you purchase domains for your portfolio.
Social Profiles Wont Replace Domain Names
Many advertisers and marketers are concerned that social media will soon replace domain names completely and make them go obsolete. This fear is even more real nowadays because many online businesses and startups are using the power of social media to connect to their target audience.
But if you just weigh the pros and cons of having a domain name for your business solely, you will see that having a social media profile is just not enough.
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How To Sell A Domain Name For Profit
CEO of VPN.com. We help brands, entrepreneurs, politicians and athletes acquire premium domain names for their vision.
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The first step in selling a domain name is owning a valuable domain. You might pick up great domain names at less than their market value at an auction, or you may have old domain names that have no more use for you. Alternatively, you might seek out premium domain names with the hope of making five-, six- or even seven-figure profits. Either way, you’ll only be able to make the sale if you own a domain name that someone, somewhere wants to own.
Own Domain Names That Offer Real Value
Understanding the value that a domain name has is one of the keys to evaluating it properly and giving yourself a shot at making a sale. While putting a value on domain names can be difficult, you can use the concept of brandability as a guiding light. In short, how easy is it for a company to use in their marketing? How memorable is it? Is the name simple for customers to type into a search bar if they only read it once or briefly hear it? An otherwise perfect domain name might become worthless if there’s a spelling problem that results in potential visitors forgetting it.
If your domain names are good, then you can hold onto them and make a sale in time. However, the opposite is also true there are millions of domain names that no one would pay anything for, and you should admit it to yourself if your domains fall into this category.
Risks Of Investing In Domains
There are many risks that would-be domain investors should carefully consider before buying and selling. The three largest risks are liquidity, subjectivity and legality, but there are also many other ranging from misleading appraisals to faulty escrow payments. Would-be buyers should carefully consider these risks before investing in domain names.
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Appraise The Value Of Your Domain Name
Before pricing a domain name and make money online, check whether its valuable to the market. After all, people will be interested in purchasing a domain if it has the potential to generate revenue in the future.
Here are some suggested approaches to help you achieve an accurate estimated value for your domain.
Pro Tip
Trademark infringements can cost you a lot. Before selling or valuing a domain, ensure that the process is legal. For starters, you can check out USPTO to find information about registered and pending trademarks.
What Is The Rarest Domain Name
One of the most expensive domain name auctions is for the rare domain name exact. The auction starts at $5,000 and goes up in price by $5,000 each day. The auction is scheduled to end on December 5th.
Auctioneers are looking for rare and unique domain names. To find a domain name that is rare, you need to do some research. You can do this by checking the registry that owns the domain name, or by searching the internet.
The registry that owns the rare domain name exact is the registry for the Japanese domain name industry. The auction started on December 5th and ends on December 5th. Therefore, if you want to own this domain name, you will need to buy it before the auction ends.
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Look For Short Domains
Shorter domain names are inherently worth more.
Why?
Because theyre easier to type in and easier to remember. With that said, you might find that these domains are more expensive up front, so youll want to determine how much you might be capable of selling it for before making your purchase.
If youre capable of finding a short domain name, its best to purchase it before someone else does. These domains can be scooped up in a matter of seconds, so its worth a shot.
The majority of short domains have already been acquired under the .com extension, however as other extensions become more popular this provides tremendous opportunity.
For example, a short domain like sidehustles.co could be a top tier domain even though it doesnt end with .com.