Choose An Avenue To Sell Your Domain
When selling a domain name, its wise to avoid putting all your eggs into one basket. Many sellers use domain listing sites along with person-to-person sales to sell domain names. Here is a list of reputable domain marketplaces. Afternic, BrandBucket, NameCheap and Sedo are also good marketplaces to use.
Another venue you can use is auction sites. GoDaddy Auctions is among the most popular domain auction sites around. You can also encourage buyers to contact you for more info, and then have them enter their bid on the auction site if theyre considering purchasing the domain. Many auction sites will deduct a commission from your selling price, but the peace of mind you get will always be worth the price you pay, as many auction sites have their own transaction security measures in place.
As with every other transaction, however, its also wise to do your due diligence on the buyer. Some marketplaces have a review feature. Read the seller reviews on the buyer. The reviews can give you a good idea of whether your potential buyer is trustworthy. Dont do business with anyone youre not completely sure about. Its not worth the risk.
Clear Up Your Brand Identity
As weve already seen how important online branding is in a post-COVID world, make sure from the off you have a clear brand identity. Plan out a strategy or even speak to a brand identity coach.
Its useful to know exactly what your marketing company is about before diving in, and discussing your mission statement will surely help you find a name.
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.
Focus On Local Domain Names
It is mind boggling how local search engine optimization has grown from a tiny market to a mammoth industry within a span of ten years or so. This is also one of the reasons why focusing majorly on local names is profitable. From doctors to pizza parlors to salons, everyone wants to see their business thrive on the first page of Google Search results with the help of target keywords.
The best way to pick winning local domain names is to search for them at places like GoDaddy and Namecheap.
Can Two Marketing Businesses Have The Same Name
It is not against the law. However, it is advised to check for trademarks and copyrights beforehand and make sure you abide by all the logistic guidelines set forth in company bibles. Although it is not unheard of for two marketing companies with the same name to exist in different parts of the country, most company names are unique because companies try to distinguish themselves by using ‘differentiation.’
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How To Sell A Domain Name: 9
Many of us have the habit of registering a domain name whenever we have a great idea for a new startup company, product, project, blog or side-business. But those ideas often remain just that, an idea. And the domain name will end up sitting dormant in your registrar account for months, years or even decades alongside an often growing family of other, unused domain names. These domain names dont have to stay dormant starting up a business is incredibly scary, but achievable.
Other reasons for owning unused domain names could be that you retired from or closed a business, decided to stop updating your blog or personal site or you acquired other companies over the years, with their domains. If so, youre probably wondering if these domains are worth anything to someone else and if yes, how you can sell your domain names?
Avoid Hyphens And Numbers
Remember how your domain name should be easy to spell and pronounce? Hyphens and numbers make it more difficult.
Imagine explaining Facebook if it had a hyphen in there
Have you seen this new site Face-Book? Theres a hyphen in there by the way, between the Face and the Book.
Facebook might not have spread so quickly if that was the case.
The bottom line? Your domain name should be smooth and punchy hyphens and numbers get in the way of that.
Stick to the letters!
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Quik Is Revolutionizing The Domain Name Market
Quik allows its users to browse domains with an advanced search feature. Users can find the best-decentralized domain names for their web 3.0 websites with minimal effort.
With Quik, there is just a one-time registration fee you no longer need to remember to renew your domains or risk losing them to the public market! Also, if you mint a blockchain domain on Quik, you are eligible to receive 5 to 10% royalties on every subsequent sale.
Click here to learn more about Quik.
The users can search various Top-Level Domains on Quiks website. These domains vary from .metaverse ,.doge, .shib, .chain, .web3, .vr & .ai domains Since these domains have a limited minting availability, users are subjected to a first-come, first-serve basis.
Quik is the worlds simplest NFT domain marketplace having blockchain-based secure and transparent transactions.
Find An Existing Domain Name
Yes, buying existing domain names can be profitable too. Existing domains with a potential for profit can be found using Sedo. Make sure you pick domain names that have good traffic, backlinks and Google PageRank under 17 characters. Also, steer clear of existing domain names containing special characters or numbers because they are not likely to be sold.
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Never Sell Right Away
Domain flipping is not always about making quick cash. Sometimes you have to spend days in research before you make a profitable sale. Remember, it is better to wait for several months or years in order to sell a domain name for a greater profit than settle for normal profit. Think of domain flipping as more of an investment.
Prepare Your Domain Listing
Once youve chosen your marketplace its time to optimize your listing. A lot of sellers just upload their URL and call it a day. However, you can maximize your chances of selling your domain by making it more attractive.
For example, does your domain have any existing traffic? Does the domain have considerable age? Does your domain have any existing authority?
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How To Sell A Domain Name For Profit Step By Step
Wondering how to sell a domain name profitably?
Its not as hard as you think. You just need to have the right process in place and exercise some patience.
Heres the problem:
Many people undervalue their domain and sell it for far less than its actually worth. Just because they have no idea:
- How to value their domain correctly.
- How to get a good price for it.
Selling your domain name doesnt have to be difficult.
Im going to show you how to sell a domain name and make sure that you get a good price step by step.
What Will I Learn?
How To Sell Your Domain Name
Hi, my name is Michael, and I an a domainaholic.
Im in recovery now, but at one time I owned more than 500 domain names. I realize thats small potatoes compared to the big domain name holders, but during that time I learned a thing or two about buying and selling domains.
The main thing I learned is that it pays to be patient. It can take a long time to sell a domain name.
But, there are steps you can take to accelerate the process. The more aggressively you market your domain, the quicker youll sell it. And if you do it right, youll reap the maximum amount the domain can bring.
Whether you go about selling your domain name in an aggressive or more passive way, the basic steps are the same, so lets get to them.
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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.
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.
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Short Is Better Than Long
In general, when it comes to the length of your domain, shorter is better.
According to research from Domain Registration.com, the most common name length is approximately 12 characters.
All of this data shows that you should keep your domain name concise.
Aim for 6-14 characters and remember the shorter, the better. Most likely the shorter domain names are taken a LONG time ago and sold for thousands of dollars. If you cant find something short, make it brandable.
Our own site websitesetup.org is exactly 12 characters.
How Do I Buy A Domain
Buying domains is quick and easy, just like buying anything else on the Internet.
- Buy domains at a fixed price, in an auction, or in anonymous negotiations.
- Your personal Sedo expert will assist you with the secure payment process afterward.
- Then our service team will transfer your new domain to your desired registrar within just a few days.
Thats it! You can get started with your domain right away.
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Buying And Selling Domain Names
There are many different ways to buy and sell domain names. Many standard domain registrars, such as GoDaddy.com, will facilitate sales via auction. Meanwhile, specialized websites, such as Sedo, are designed exclusively to buy and sell domain names. Finally, parking domains with a for sale page is a great way to draw targeted interest from potential buyers.
How Much Does It Cost
With over 18 million domains, we have something to fit any budget. The higher the domains value, the higher the price.
- Domain prices start at USD 20, with no upper limit.
- Many domains are sold at prices of less than USD 2,500.
- Negotiate quickly and anonymously if the seller has not stated a fixed price.
Take a look at our case studies to learn why domains are so valuable.
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Make Sure Its Easy To Type
Think of some of the most popular websites in the world. What comes to mind?
Google, Facebook, Twitter, Instagram, Yahoo, CNN
One big thing they have in common is that theyre all easy to spell.
Your visitors should be able to type your domain name without a problem. If you have to explain the spelling more than once for it to be understood, its too complicated!
The last thing you want is for the potential visitors to mistype your domain and end up on a different website!
Heres an easy way to test this
Tell 10 people your potential domain name and ask them to spell it. If more than a few people struggle to spell it, you need to simplify it.
Know Your Domains Value
Understanding how to sell a domain name effectively starts with one key piece of knowledge: the domains value. After all, you have to know what buyers are willing to pay in order to set a reasonable price.
There are a few elements to consider that might affect the value of your domain name. Some of these include:
- Length. Domain names under 15 characters tend to be more valuable.
- Keywords. Having relevant terms in the domain name can boost a sites SEO potential.
- Simplicity. Overly complicated names can be difficult for users to remember, thus decreasing their value.
In other words, a short, simple, and specific name will usually fetch a higher price. However, you might want more specifics regarding your domains value. Thats why we recommend using a service such as GoDaddys appraisal tool:
All you have to do is enter your domain name into the box and click onGet Value. Youll see a basic report that looks something like this:
Thats it the program will return a figure based on real-world sales data. Nevertheless, this is still only an estimation. As such, feel free to adjust this number as you see fit .
Knowing the value of your domain name is undeniably useful. However, that alone isnt all you need to get the most out of it. Youll also need to decide on the best sales strategy.
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