Selling The Domain: How To Sell A Domain Name To Someone
While this section may seem like it would be the longest/most important, it actually isnt. Remember Neil Patels earlier quote, you make money on the purchase, not the sale? Well, weve already made the purchase. At this point, if you have a good domain name, its only a matter of putting it out there.
Dont get me wrong, Im not saying marketing your domain is not important. But, if youve bought a bad domain and you do everything laid out in this section and more, its still very unlikely that it would sell.
Its like car flipping and spending a huge amount of money, time and effort perfecting a cars paint job, except that this cars engine is completely fried. Youll never be able to drive it anyway, no matter how awesome the paint job is, its irrelevant.
Buy Domains With Page Rank
Keyword relevancy is not the only thing that matters when it comes to SEO. However, domain names that were previously used by other businesses usually have a lot of backlinks and a decent ranking on PageRank. Even though such domain names are usually about to expire, they are still worth a lot of money if they have a good number of backlinks and a ranking of five or more.
Find Names That Offer Real Value
Think of ways that the domains you buy would be a valuable asset to the buyer.
Picture someone who would benefit from buying the domain in a space you are very familiar with. If this was you and someone was trying to sell you this name, would it be beneficial for you to own? Be honest. If so, why? If not, why?
Use those answers to refine your search for names.
Lets play this out with a real example. Say youre familiar with the real estate market in Tempe, Arizona, and you have the opportunity to purchase tempeapartments.com for $200. This might be a good deal. Tempe has a lot of rental property its a competitive market and theres ample turnover in the apartment space because the city is home to a major university. Ask yourself:
- How much does one month of rent profit a landlord, property manager or other prospective domain buyer? How about a years worth of rental profit?
- Would you buy this name if you were in the space? If so, why?
- What kind of domains are landlords, property managers, etc., using?
- How much do they spend on advertising?
- How much would this domain help them to sound authoritative in their space?
If you can answer these questions with confidence and know this niche well, you probably already have an idea of who to contact and how to make a compelling case for how this domain could help their business grow.
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Find Only Keyword Rich Domains
A keyword rich domain name means a domain that contains the keywords matching the actual business. Suppose a businessman wants to build a mortgage related website, he would love to find domains that contain the word mortgage.
Or he would at least buy a domain that contains words related to mortgage like house payment, finance or interest rate. I hope you got the idea.
Since you are into buying and selling domain names, it would always be a good idea to purchase only keyword rich domains. Because these domains are easy to sell and its much easier to convince the buyers.
Try To Make It Easy To Remember
Everyone loves to buy domains that are easy to remember. A domain that is easy to remember is easy to market and promote to people. So businesses would love to acquire only domains they can easily promote.
Nobody wants to build a company website using a domain that people would find hard to remember. So this is a very important point to consider.
Try to keep the names as short as possible. It really helps. Please do not buy domains that contain hyphens and numbers.
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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.
How Much Money Can You Make Domain Flipping
Some people have made hundreds of thousands of dollars flipping just one, yes ONE, domain! Domains such as z.com, toys.com, and slots.com all sold for over $5 million, just for the domain name!
Now, theres a good chance you wont run into any of these domains in 2021, however, the ability to make money still exists. Even if you can purchase a domain name for $10 and sell it for $100, thats a $90 profit. Multiply that by 100 domains and you can easily make an extra $9,000 annually from this side hustle.
Domain flipping can be as profitable as you can make it. Every time you flip a domain name you can then reinvest your profits and buy another domain to flip.
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Domain Flipping Takes Time To Learn
Just like any other field of business, you need relevant experience to become a successful domain flipper. Buying domain names and then selling them at a higher rate is not a piece of cake. You need to stay under the radar for at least a year and learn everything related to domain flipping before you can start selling domains for a profit.
In the beginning, you will make several major blunders like losing money over useless domain names, missing prospective deals and much more but slowly, you will get the hang of it. The road to flipping domains for sums is not easy you need to climb a steep learning curve before you can become a pro.
Godaddy Is Not The Only Kingpin When It Comes To Domain Registration
Indeed, GoDaddy is perhaps the cheapest and biggest domain registrar in the world of domain flipping so much so that people use the term GoDaddy with domain registrar interchangeably. This is because they run massive marketing and advertising campaigns that pique the interest of buyers.
However, GoDaddy is not the only kingpin when it comes to the domain registration business. There are many other great places for buying domains with excellent customer service and security support like Namecheap, Domain.com, Name.com, etc.
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Passive Income Flipping Domain Names
One way to make passive income online is by flipping domains. Flipping domains is like participating in online real estate. The properties consist in the domains, and your goal is to purchase the best properties, and to hold onto them until you find a buyer.
What is domain flipping? Domain flipping consists in buying domain names, parking them and then selling them later on at a higher price. Many people are making thousands of dollars by simply registering domain names for $1 a piece and then selling them for $5,000+ upwards.
Below, we go into detail on how to make passive income by flipping domains, therefore buying domain names, parking and then selling them to the highest bidder. Learn about some of the risks, difficulty level, seasonality and more when flipping domain names as a beginner.
Find Great Names That Are Searchable
The key to be successful in buying domain names, parking them and re-selling them is to find the right names to focus on. Think of it this way. You are buying a valuable name that will prove to be a great asset to a future buyer. Think ahead of the curve and try to determine what people will want in the next few months or years.
When searching for names, you should start with keyword groups. These are words people actually use to search for things. Our own name is a good example of this Beginners Passive Income. If you are looking to learn more about making passive income online, and you are a beginner, you can imagine our site strives to serve you just that passive income ideas and guides for beginners.
Other types of names you can look for are potential business names or events. A good example is the FIFA 2022 in Qatar. That event, which will be held between November 21 and December 18, has a huge potential for domain names. Lastly, geographic names that relate to cities or countries can also be sold to people who want to start their own local events, businesses or sites.
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Pros Of Domain Flipping
Domain flipping can be a profitable side business or full-time business. Dont expect to go into it making millions, as that is extremely rare, yet some people make a very nice living buying and selling domain namesthe best make six figures a year. If the idea of coming up with creative new domain names or hunting for bargains among the many expired domain names available sounds exciting to you, domain flipping could be a good money-making avenue for you.
How To Buy And Sell Domains From Flippa
To Buy or Sell Domain on Flippa, sign up with a valid Email Account and list your website or domain for sale. After listing your domain, it’s time for the description, people tend to write a long description, but thats not what it should be like. The description should be short and simple which does not bore the Buyer and gives the buyer a brief idea of your Blog or Website or domain.
Now the most important part is to Set Flippa bidding options.
- Set the Reserve price after evaluating it properly
- Set it to the price at which you can afford to sell your online property
- Set a Correct and reasonable Buy it now price
Keep the starting Bid price as low you can to encourage more users to Bid. After the Auction is successfully finished, do research about the user who has won the Bid and his history of the transaction. So that you can take proper measures before you initiate Blog/Website/Domain transfer and receive payments.
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Determining A Sales Path
There are different ways to sell a domain. For example, you can place a visible advertisement on the domains home page a for sale sign. Interested parties can then contact you directly to discuss the sale. Other domain dealers find great success through eBay. The auction platform has a well-known, reputable infrastructure. If you choose to trade domains through eBay, you can access the same features you already know from other products.
There are also other sites that you can use specifically to buy and sell domains. Platforms like Sedo or Flippa provide where you can advertise your domain. If you are also interested in the buying side of domain trading, perhaps to then resell them for a profit, these platforms are important.
How To Sell Your Domain Names
You can advertise on the landing pages of your domains that that the domains are for sale. Then the interested buyers can contact you. However, the best way to get your domains noticed by potential buyers is to list your domains for sale on sites that specialize in domains such as Sedo, NameJet, Flippa, etc. If you bought a domain from a domain registrar with a marketplace, you can list the domain for sale on the marketplace.Here are some options for getting you domain name sold.
- Set a fixed price for a domain name that you want to sell or invite bids from potential buyers and sell it to the highest bidder.
- Make an offer to potential clients or buyers.
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Private Sales For Domain Names
You can list the domain name privately for sale through a website showcasing your domain name portfolio and the sale price for each one.
You can set up a free website for this but you would have to engage in a lot of SEO strategies to get people over to your site to look through your portfolio.
If youre a beginner, I would recommend avoiding this method altogether until youre more familiar with the process.
Build A Domain Name Portfolio
The first thing you have to do to turn a profit is to start building a portfolio filled with domain names.
Ideally, you would build this portfolio as diverse as possible. By having domain names in various industries and niches, you have a better chance of selling them even if trends and interests change.
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Flip Domains Or Flip Websites
Theres an important distinction to make here between domain flipping and website flipping. The latter mainly refers to buying and selling full websites. By full websites, I mean websites that actually have content and more often than not have traffic and revenue.
When buying and selling websites, the domain name matters less as the main value there is the content, traffic, revenue, history/reputation, sustainability and growth opportunities.
The same cant be said for domain names where youre just selling the name and hence its all that really matters.
The primary focus of this post is domain flipping.
How To Buy And Sell Domain Names Wrap Up
Professional domainers usually have dozens or hundreds of domains under their belt at any given time. Theyre constantly buying and selling domain names to maintain momentum and cash flow. This is usually how the full-timers do it. Thats who you can eventually become if thats your cup of tea.
Theres a lot of power that comes from learning a new skill, even one like domain flipping. Spencer has used his skill to make niche sites earning over $2985 per month and sell companies in the 7 figure range.
You now have everything you need to get your feet wet and sell your first domain. For your first step, we recommend purchasing your first domain through NameCheap. As the name suggests, they offer very inexpensive domain names of all kinds. Its the perfect hunting ground to start your business.
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Make Money By Selling Website
Many people earn earnings by selling the website, such websites are sold from which it is possible to get. To earn earnings by selling or buying the domain of websites. First of all, you have to create a good quality website. How much is the number of visits to determine the price of such sites? There are several content on the site, etc.