Use In Web Site Hosting
The domain name is a component of a uniform resource locator used to access web sites, for example:
- URL: http://www.example.net/index.html
- Second-level domain: example
- Hostname: www
A domain name may point to multiple IP addresses to provide server redundancy for the services offered, a feature that is used to manage the traffic of large, popular web sites.
Web hosting services, on the other hand, run servers that are typically assigned only one or a few addresses while serving websites for many domains, a technique referred to as virtual web hosting. Such IP address overloading requires that each request identifies the domain name being referenced, for instance by using the HTTP request header fieldHost:, or Server Name Indication.
Tools & Software For Domain Names
These tools to check traffic estimates are great, but it can be time consuming doing each of them individually by hand. This is especially true if you plan on checking multiple domain names. However, there are many websites & software packages that will allow you to check multiple things at once. The list below has a few great websites that allow you to check multiple factors at once.
- dnscoop.com
- dropscout.com
- drophunt.com
These are some great sites that allow you to check various things about a domain at once and there seem to be more and more of these sites popping up on the web. To use one of these websites to find information on a domain name, simply go to the website & enter the domain you want to check.
Then, it will search things such as: The domains registration date, PageRank, inbound links, Alexa Traffic Rating, indexed pages, estimated link value, & estimated site/domain value.
There are also several software packages that will perform the same kind of operation. The main advantage of software is that most software packages are more sophisticated than the website searches. They also contain more detailed information, and can provide information on a bulk list of domains at a time. Also, some software packages allow you to contact owners via their WHOIS information& many more features. The table below lists a few of domain name software packages available on the web.
- Domain Name Pro®
- Domain Name Analyzer 3.2®
- Domain Quester Pro 6®
Branded Logos With Domains Are Quite Important
When you are selling a brandable domain name, its crucial to have a custom logo with it. You can hire logo designers to make creative logos for your domains to make it look way more nice at the time of selling.
Below are some awesome domain names with custom logos.
Creating a custom logo doesnt require a lot of money to be spent and it increase the chance for your domains to be sold at the highest price.
Although sometimes it gets expensive to hire high quality logo designers, most of the times you find people to do it for you for mere $5 or $10.
One of my favorite place is Fiverr. Here you can hire high quality designers paying just $5 per logo design.
You can even design your own logo yourself with a Logo Generator.
However there are many other places online where you can hire people to do it. So I dont think that it should be a problem for you.
Please note that it doesnt guarantee that your domains would be sold. But it increases the chances exponentially.
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Be Aware Of The Risk Involved
Flipping domains is not entirely free of risk. There are three types of risks associated with domain flipping in terms of legality, liquidity, and subjectivity.
- Domain names can sometimes cause legal issues. This usually happens because some names are too similar to already trademarked names, which is why you need to think twice before picking domain names.
- From the liquidity point of view, you may have to wait for a couple of months or even years before you can make a profitable sale.
- Subjectivity refers to the fact that it is hard to realize the value of a domain name as compared to stocks. It is not easy to pinpoint the exact value of a domain name.
Now that you know all the details about buying and selling domains, we hope you start off your very own domain flipping business with ease. All you have to remember is to begin by learning all the tricks of the trade and invest a small amount of money before you decide to go pro.
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.
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How To Run A Domain Name Auction To Sell Your Website
Posted on November 1, 2020 by Will Morris in Business |
Running a domain name auction can be a smart way to recoup some of the costs of registering a web address you no longer want or need. However, this process isnt one youre likely to be familiar with unless youre already in the business of flipping websites.
Fortunately, there are many online marketplaces that can help you get the best price for your domain. In this post, well discuss why an auction may be the best way to sell your site and walk you through how the process works.
Lets get to it!
Sell On A Domain Name Marketplace
Another way to find buyers for your domain is to register it on a popular domain selling platform. Two of the best online domain marketplaces available are Afternic and Efty.
These sites offer beneficial features like integrated escrow services and a user-friendly interface, and have considerable web traffic, increasing your domains exposure.
To list a domain for sale, simply set its price in the domain manager of the preferred site. At Afternic, domain sellers can set a fixed price or hold an auction. On the other hand, Efty requires sellers to set fixed prices.
Eftys plans start at $12/month for up to 50 domain listings. While Afternic does not charge a subscription fee, it has a 20% sales commission.
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Have Your Domain Appraised
The first step in the process is to determine the value of your domain name. This can be done through a variety of channels. You can appraise your domain name yourself or have the domain name appraised by a professional.
Self-appraisal is a bit more challenging than with tangible commodities like a house or car, but the same process can be used. Some people check out sale prices on similar domains and work from there. A good resource to use when trying to appraise your domain name yourself is NameBio. They have a keyword-based search engine that looks up sale prices of particular domain names. You can find information on lowest prices, highest prices, average prices, who sold the domain and other pertinent information.
But lets say you cant find a value for your particular domain name. This is when enlisting the services of a professional appraiser can help. A professional appraiser knows the market inside and out, and can provide valuable insight that can help you arrive at a fair market value for your domain name.
Build A Real Website For The Domain Name
Another method way to profit from domains is to use them with an actual website. This seems to be the best method for todays search climate. This is different from the methods I mentioned earlier. In those situations, you are only creating simple 1-5 page sites containing very simple designs, and very low content. The idea was to place PPC ads or affiliate links on the site.
However, it can be just as profitable if you develop an actual website. This is true whether it is an old or new site. How can domains help make money in this method? First, lets consider a brand new website. When starting a new website, traffic will be virtually non-existent. You will also have to do tedious things such as: Submit to search engines, build back links, develop marketing methods, etc.
These things can all be very time consuming , especially when you have to actually develop the website and build content. This is where domains can prove helpful. You can register an expired domain and use its existing internet presence to deliver traffic to the new site, or you can register a new domain and forward several other domains to the new site. Either way, thiscan put your new website on the fast track to gaining traffic & popularity.
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Find Relevant Domain Names Related To Your Keywords
Picking domain names by typing in relevant keywords on Namecheap has become increasingly popular. If you want to buy and sell domain names professionally, try using Millionaire Society. Once you have found the domain name of your choice, you can log onto Alexa.com to gain more insight regarding the domain name.
Choose Where To Sell Your Domain Name
When youre ready to sell your domain name, there are a few places you can go to sell it.
Experienced sellers various platforms to find buyers, including domain marketplaces and in-person selling.
Some popular domain marketplace websites include Afternic, Flippa, and Sedo.
Listing sites can connect you to a marketplace of interested buyers. Additionally, most domain marketplaces offer related services, including valuation assistance, finding a domain broker, and financing.
You can also put your domain up for auction with listing websites. Many large domain marketplaces offer auctions too.
And finally, reach out to people in your network that might be interested in purchasing your domain.
2. Price Your Domain
Before you sell a domain, you need to know its value. Domain values vary greatly, from a few dollars to thousands or millions.
Domain valuation involves several factors, including:
- Length
- Memorability
- Top-level domain
- Age
- Relevance to popular brands, topics, or products
Some of the domain valuation factors are static. However, if you have a domain name similar to a popular brand or topic, its relevance can skyrocket.
To find your domains value, you can use an online appraisal tool or work with a professional appraiser.
Online appraisal tools like NameBio or Estibot use a variety of metrics and factors to estimate the value of your domain name.
Domain Selling: Pricing Strategies
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Determine The Value Of Your Domain
The first thing youll need to do is properly price your domain. A lot of people end up overpricing their domains and wonder why they never have any interest. Just because youve owned a domain for a while doesnt mean that it has any inherent value.
For example
- Is your domain a .com, or does it have some other random suffix? A .com domain will carry a higher price.
- Is your domain name short? Or does it contain a lot of words? Shorter domains tend to sell for a lot more.
- Is your domain easy to spell? Or have a common abbreviation? Domain names that include common words or regular abbreviations will fetch a higher price.
- Do you have hyphens or other elements in your domain? Domains that contain fewer words , and dont include hyphens will sell for much more.
Spend time researching what other related domains have sold for. You can use the tool Namebio to determine what other similar domains have sold for.
There are a variety of online estimation tools you can use, but these dont tend to give very accurate quotes. You can use them as a general indicator, but not as a true measure of value.
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How To Buy A Domain Name In 5 Steps
Before we go any further, its worth noting that its only possible to register an existing domain name with a valid domain extension that other people or businesses dont already own.
Were going to dive deeper into the steps to register a domain name from finding a trusted registrar through which to buy a websites address to finally getting into the registration process.
Here are the five steps to buy a domain:
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Use Different Sales Strategies
You can apply many strategies when it comes to flipping domains successfully. The three most common strategies are set price, auction, and make an offer.
- You can set a particular price for domain names you have to offer when you are not in a rush to sell them. Those who have a huge portfolio usually adopt this strategy.
- GoDaddy and Namecheap follow the auction strategy and you can too. Sell your domain to the buyer with the highest bid.
- When you have a niche domain, you can make offers to various prospective buyers who may be interested in buying.
Another point of concern is to flip websites and not domains only. This is because many times a domain is worth far more with an established website than on its own. Building a website has great potential because it has SEO value, potential and much more to offer to its prospective buyer.
Run A Domain Name Search
Now that you have found a registrar through which to register your domain, the next step is to perform a domain name search.
When choosing a domain name, make sure to pick the right domain extension as well its the suffix at the end of a web address. Domain name extensions are also referred to as top-level domains .
There are different types of domain extensions available, such as:
- Country Code Top-Level Domain . This kind of TLD represents a specific country, letting both users and search engines know that a site is designed for visitors from a particular region. An example of this is the .us domain, which is the ccTLD for the United States.
- Sponsored Top-Level Domain . Its a type of TLD restricted to certain types of groups and organizations. Some of sTLD examples include .mil, .gov, and .edu.
- Generic Top-Level Domain . Its the most common type of TLD it doesnt rely on a country code and can be used for general purposes. A few examples of gTLDs include .com, .org, and .net.
When deciding on the extension that is suitable for your domain, look for a TLD that represents the purpose of your website. Choosing the wrong suffix can confuse visitors and make your brand name prone to being misinterpreted.
For example, a .com or .biz extensionmight be best for an eCommerce business. On the other hand, if you plan to create a blog to keep an online journal, an extension like .me can be an excellent solution.
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