Be Clear On The Value Of The Domain Name
This amount should reflect what the site name is worth to you, and how much youre willing to spend. The name might be worth quite a lot to you if you are planning to use it for your pending online business. You may not have enough capital to purchase it, however, if youre just starting out in the business world.
Be ready to bargain hard to obtain your domain without giving away to the seller how much you actually want or need that particular name, especially if youre looking for a very specific, unique, must-have site name.
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Choose A Domain Name Registrar
Namecheap
Although cost is definitely a consideration, choosing a domain name registrar is a bit more complicated than looking for the cheapest option. Some low-cost domain name registrars may lack adequate privacy protections and, depending on your needs, you may want to consider using the same company to register your domain name and host your website. For instance, A2 Hosting and GoDaddy are also web hosting services, which means you have a one-stop shop for purchasing and registering your domain name and hosting your website.
On the flip side, you may be able to sign up for a web hosting service that also offers domain registration, such as DreamHost or HostGator. But it is important to read the fine print in these situations as the domain name registration may only be included for a year or two, after which point there may be additional fees involved. Not all web hosting companies give you the option of registering a domain name, however. In this case, youll need to purchase and register your domain name with one company and host your website with another company.
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Tip #: Start By Searching On Namecheap
Is the domain available for purchase?Namecheap partners with domain name marketplaces to show domain names that are currently for sale when you search for the domain.Sometimes these domain names are available for immediate purchase at fixed prices above our standard prices. The benefit is that you get the domain name immediately and dont have to worry about haggling. Heres what a domain name looks like when it is available at a premium price:Note that you only pay the premium price once. The domain will renew at our standard prices.Sometimes a name thats for sale at a partner wont have a price. In this case youll see this:There will be a link for you to submit an offer that will be forwarded to the domain name owner.
Purchase And Register Your Domain Name
Domain.com
Although its possible to register your domain name for free and meet the requirements of the global ICANN registry, not everyone is comfortable with their private information being available on the public ICANN registry. A domain name registrar will typically offer the option to provide the necessary information to ICANN while also protecting your privacy. For this reason, many people choose to use a private domain name registrar to purchase and register their domain name. This privacy protection may come with an additional fee.
Once you have chosen an available domain name, you can purchase the name for a nominal fee, typically around $10 to $15 per year. This fee is typically paid on an annual basis, but some registrars offer multi-year terms. When registering the name, youll want to pay close attention to the duration of the registration.
Rather than choosing a long-term registration, you may want to consider a shorter duration with automatic renewal. This way you still have the option to transfer your domain name to another company if youre dissatisfied with the service, but you arent vulnerable to the domain name being scooped up by another party in the event it expires before youve had a chance to renew the registration.
You may also be able to bid on a domain name that is already owned, but a word of warning: the costs can be quite high, depending on the popularity of the domain name.
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Focus On Domain Names With Value
Value drives the process of buying and selling domain names, but whats valuable and what isnt worth your time?
Here, market trends can help. What searches are trending? What products are in the news? The more you know about whats capturing consumer interest, the better youre able to predict which domain names will be profitable
How To Negotiate The Price Of A Domain Name
Astrid WilliamDecember 28, 2010 | Updated: December 9, 20157
You need a good negotiation strategy whether youre buying an automobile, a home or a domain name. Buying and selling domain names is a business, and you need to approach it as such. Whether your buying or selling a domain name, this article will help you prepare for negotiating your domain name by presenting five critical keys.
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Look For Alternative Domain Names
Theres no such thing as the perfect domain name. Having several domain name options can help you build a recognizable online presence for your business.
Before you go down the path of negotiating a domain name sale, check out any available domains you like. Sometimes its as easy as choosing an alternative domain extension.
You can use a domain name registrars search feature to help you brainstorm. Bluehost automatically suggests available domain names when you search for one that isnt available.
Choosing an available domain saves you time and money. Just make sure its a domain you want to stick with long-term otherwise, youll have to go through the trouble of migrating your website to a new domain.
Domain registrars can help you migrate to a new name, but the process could confuse existing customers and cause you to lose SEO progress.
Consider Hiring A Domain Broker
Once you’ve established yourself, consider hiring a domain broker. These professionals can purchase domain names on your behalf, taking care of all negotiations and making sure you’re receiving the best price. They can also take care of sales for you and price your domain names fairly with their market expertise.
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Tip #: Have Alternatives And A Walk
Its great to have options whenever you negotiate. Consider what other domain names you can use and figure out the absolute maximum youre willing to pay for the domain you really want.It may help to get an understanding of how much domain names sell for. You can see recent sales at DNJournal and on DNPric.es.This will set the tone for your negotiation. If you cant negotiate the price below your maximum, its time to opt for another domain name choice.
Final Thoughts: How To Calculate And Make The Perfect Domain Offer
Building a brand is an exciting journey, and you want to start on the right foot if you can. A good domain helps create a sturdy foundation you can use to establish your online presence.
But remember, finding a fitting domain name is only part of the battle. To put your domain to good use, you need to back it with reliable web hosting. Explore Bluehosts hosting packages today to find the right fit for your WordPress website or e-commerce store.
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Tip #: Contact The Domain Owner
If the domain name isnt listed for sale with a Namecheap partner, youll have to contact the owner directly. Sometimes the domain name will have contact information listed on the website if you type the domain name in your browser.If theres no contact information on the website, then its time to search Whois. Whois is like a directory for domain name owners. Type the name into Whois search and youll get the owners phone number, email and postal address.Reach out to the owner by whatever method you feel most comfortable with. If one doesnt work, try another.Ive tried to buy domains in the past and the owner didnt respond to emails or phone calls. When I finally sent a snail mail letter I got a quick response!
Add A Sense Of Urgency To The Proceedings
You can do this using any one of several ploys: My boss has asked me to obtain a domain name of our new site within the next ten days, or, I need to decide how to spend my $2,500 budget within the next seven days, and Im looking at several domain names, including yours.
Out of fear that the domain name owner might otherwise lose the deal, a prospective seller might blink and agree to a lower price than he might ultimately want if he thinks that you have a fast approaching deadline.
You usually get one chance to make an offer before the domain name owner sends your email to trash, so make it count. Grab the sellers attention, and make a reasonable offer so that he will be willing to negotiate with you.
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Platinum Domains: How To Make An Offer On High
As a domain registrar, were often asked what makes for a good domain name. In general, the best domains are short, memorable, and provide some value in Search Engine Optimization . A small subset of all possible domain names fit that billcalled Premium domainsand are priced higher as a result. An even smaller subset of names, which we call Platinum domains, are some of the most valuable and sought after.
Many people invest in Premium and Platinum domains, expecting to be able to sell them to another party for a profit. There has been no shortage of high-profile domain sales over the years. In 2001, for instance, the Hotels.com domain was sold for $11 million. While that seems like a steep price, the domain was and still is absolutely central to the brand, and likely contributed to the company being acquired for $1.1 billion, just a couple of years later.
Aside from the disparity in value between Premiums and Platinums, the actual process of purchasing the domains also differs slightly. While Premium domains can be registered much like standard domainssearch for a name on the website, add it to your cart and check outPlatinum domains do not have a listed price. Instead, when you come across a Platinum domain on our site, you are prompted to make an offer to purchase it. A representative will contact you regarding your offer, provide some background information on the domain, and begin negotiating on the price.
Decide On A Focus Area
First on our list of tips for buying and selling domains is finding a focus area. This could be a specific industry or a product niche any market that offers multiple paths to profit but is narrow enough for focusing your attention.
Consider our domain name Name.com. The domain speaks to exactly what were about, its simple, and its easy to remember. When it comes to purchasing domain names for resale, thats the trifecta: Clear, simple, and easy to remember.
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Work With A Trusted Provider Of Domains
Not all domain resellers are above board, and if you pay a company for a domain they dont own, you may lose on both counts: You dont get the domain, and getting your money back may be difficult. Working with a reputable domain provider, meanwhile, offers the peace of mind that youre getting what you pay for.
Make An Offer Process
When the user Makes the offer on a domain name, the offer process starts.
PRO only The plugin will generate an email to the domain owner. The email will be sent to the email address specified in the WordPress site General Settings Email configuration.
The domain owner will be able to review the offer by logging in to WordPress Dashboard.
The My Domain List plugin Dashboard offer stats on the offers made for each domain name.
The domain owner can
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Delivering Domain Success With Namecom
Whats in a name? When it comes to buying and selling domains, everything. Finding a name thats relevant to your target market, and shows signs of increased demand can help drive interest among buyers and boost potential sales prices.
Given the sheer number of domain name options, and the increasing amount of available domain suffixes, however, this can be a daunting task. Best bet? Start with Name.com. From a massive list of available domains, to curated results for memorable names that can help capture buyer interest, to easy aftermarket access, we can help you buy and sell domain names better.
Current And Upcoming Events
Domain names that allude to different events are a great choice for purchase. Do research to find upcoming events that have high attendee counts and purchase a domain name that contains the name of the event. The hosts of the event will likely want to create a website to promote it, and they’ll have to purchase that domain from you.
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What Happens When A User Clicks The Make An Offer Button
When the user clicks on the Make an Offer button, he/she will fill out some necessary contact information as well as an offer bid to allow the domain portfolio owner to consider the offer.
The user must enter a valid email address for contact and a offer price. Please enter an reasonable offer amount, so the domain owner can seriously consider your offer. Comments are optional.
Finally, to prove the offer is coming from a human being, an answer to the security question is required.
Tip #: How To Approach The Domain Owner
Tell the owner youre interested in buying their domain name. Ask if its for sale and the asking price. Dont call the domain name owner a squatter or make a negative comment about the fact that they arent using the domain name for anything. This will start your negotiation off on the wrong foot.You dont need to divulge information about who you are or why you want the domain, but its possible the domain owner will ask. Reveal what you feel comfortable telling them, but keep in mind that if the owner thinks you have lots of money they might ask for a higher price. If you do have lots of money, expect the domain owner to figure that out by looking you up on LinkedIn. Consider having a friend send the email on your behalf if thats the case.While its up to you what you reveal, you should avoid lying. Many domain owners are used to receiving emails that claim, Im working on a school project and would like to use this domain for the project. Nobody falls for this one! Ideally, get the domain owner to suggest a price before you do. You never know when the owner has a lower price in mind than you do.
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You can earn money with domain names in a variety of ways, even though all of them require quite a bit of effort and communication with other domain owners as well as customers. This can definitely pay off though: in 2009, the domain name “insure.com” sold for $16 million, setting the world record! If you’re interested in making money on domain names today, DoNotPay can help you get started quickly and easily.
Purchase A Domain Name
Purchase a domain name through a domain marketplace or an auction. Domain marketplaces are online marketplaces where domain owners list their domains for sale, and they can be purchased in two ways:
- Buyers can send an offer and negotiate with the seller.
- Or the buyers can compete for the domain name through an auction.
Oftentimes, you can purchase expired domain names at discounted prices.
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Use An Escrow Service For Payment
If your negotiations have been successful and youve been able to strike a deal with the domain owner, the last part of the process is paying for the domain. This is where the greatest risk lies in the transaction process and traditional payment methods like a credit card or PayPal can open you up to fraud or other security issues.
The best possible method for transferring your payment is with an escrow service.
This is because your payment is taken and held securely by a trustworthy third party and is only released when the transaction has successfully taken place.
Reputable domain brokers utilize an escrow service for all their sales transactions and will ensure that the domain is successfully transferred over to your name otherwise, the seller will not receive their money!
Using a domain broker will also ensure that you actually receive the premium domain you are purchasing as there is no guarantee that the domain owner you contact will hand all paperwork and login details over to you after the purchase.