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.
Choose Where Youll Sell Your Domain Name
You probably wont be surprised to hear that there are many places where you can sell your domain name. However, the large selection of quality options can make it hard to pick one. The good news is that there are a few factors that you can consider to find your perfect fit.
For example, a sites popularity can be an important factor. Simply put, more users means more potential buyers. Nevertheless, this could also mean youre facing a lot of competition. We think its worth considering both sides of this double-edged sword.
You may also want to check and see whether a marketplace caters to a certain niche. Those without a focus will reach a wider audience, but a very a niche-specific domain name can get overlooked.
How Much Does It Cost To Get A Domain Name
The cost of a domain name can vary significantly, depending on several different factors. Here are a few things to consider when thinking about how much your domain name will cost:
Type of extension: The cost of acquiring a domain name can be heavily impacted by the TLD itself. For example, a promotionally priced .cyou domain may cost less than US $5.99/1st year, while a more exclusive TLD like a .inc can be priced in the thousands. Prices can also be impacted by the domain registry, any discounts at the time, along with the operator of the domain. The most popular and familiar domain extensions tend to fall somewhere within CA$20/year to CA$50/year.
Promos & Term: Domain names are sold as annual renewals, not dissimilar to subscriptions. If youre looking to get a domain over a multi-year term, be sure to consider the annual renewal price as well. Often domain names are sold at a discount for the first year, with the price of renewal being significantly higher. Consider the total cost of ownership when committing to a domain.
Availability: If youre looking to get a domain that is already taken, the cost of acquisition can vary significantly from seller to seller. In cases where youd like to acquire a domain thats been taken, enlist a domain broker to get an accurate valuation of any aftermarket domains youre hoping to acquire.
Also Check: What Does A Domain Controller Do
How Do I Go About Selling Domain Names
Q: I started buying domain names, through GoDaddy, back in the nineties. Eventually, I owned about 100. Today, I own about 25.
I would like to sell them in order to realize the highest return. Two of them are registered trademarks. What is the best way to do this?
Donalee Murray Rutledge
A: Before listing your domain names for sale, youll want to get some idea of what prices they might fetch. You may want to try Namebio.com, a site that tracks the sales of domain names.
As of Nov. 13, the site has more than 1.8 million domain-name sales in its database. Another domain appraisal tool is Estibot.com. GoDaddy offers its GoValue appraisal tool.
Income Tax Calculator: Estimate Your Taxes
Set Realistic Goals
You need to have a target price in mind for your domain names that you’ve based in reality. Once you understand the idea of brandability, look for domain names that you assess as being of similar quality. At this point, the main obstacle in your path is being honest with yourself and not giving in to the desire to overstate it.
Different Ways To Sell Domain Names
There are essentially two ways to sell a domain name, although the second option encompasses a handful of different but related methods. Your first choice is selling entirely privately without so much as using a registrar website such as GoDaddy. If this is the path you want to take, then you’ll need to handle your own advertising, arrange a secure payment method and handle negotiations on your own. While you can outsource all of this to a third party, this comes with a considerable commission fee.
Sell your domain name privately. The good news is that it’s not actually so difficult to sell domain names on your own, though it requires some measure of technical knowledge. Your advantage is that the perfect customer is already looking for you, and all you need to do is put in a bit of effort to help them find you. When someone decides they want to buy a domain name, the first thing they do is put it in their search engine of choice.
You May Like: How To Create Domain Email In Google
How Do I Buy Domain Names
Its easy to get a new domain. Here are the steps:
So How Do I Sell A Domain Name
Now you have decided you want to sell your domain name. However, you shoul hold off before putting your domain on a marketplace right away. Most sellers go through a selling process that makes things easier on both you and the buyer, and ensures that you get your money, and the buyer gets their domain.
You May Like: Where To Purchase Domain Name
How To Sell A Domain Name In 7 Easy Steps
We all have them. Sure, we use a domain name for our website. But, most likely, you own more than one. You might even own more than a fewor even hundreds of domain names you arent using right now.
Essentially, domain names are virtual real estate, and when you arent using it for a live website, its nothing but vacant land. Even without a current live website on it, names do have value. Lets take a look at how you can turn those unused domain names, the ones that are vacant land, into real cash.
Protect Your Domain Sale With An Escrow Service
Once you get an interested buyer, its normal to feel eager. However, try not to let your excitement get the best of you. Its almost impossible to be too cautious with an online sale.
Unfortunately, not everyone on the internet is looking for an honest deal. Theres always a chance of losing your domain to a scammer. Fortunately, an escrow service can go a long way towards preventing that.
Escrow is a legal agreement where a company acts as a neutral third party. They hold your domain name until theyve received the funds. Then they execute the trade to ensure that both parties get what they agreed on.
There are plenty of high-quality escrow services out there. Were particular fans of Escrow.com, given its stellar track record and popularity:
However, any other secure service will do the trick. Just take a look at how much they charge in commission you probably dont want an unwelcome surprise. The customer service may also be worth investigating, in case you ever need support.
In our opinion, the only way to go wrong here is to not use an escrow service. It can be tempting if youre not excited about paying a commission, but that discount comes with a pretty severe risk to your security.
This goes double for any suspiciously high bids. Scammers may offer you an unreasonable amount of cash for your domain, but insist that none of it goes through escrow. That way, they can take the money and run. We recommend that you avoid these kinds of deals at all costs.
Also Check: How To Register A New Domain Name
Price Your Domain Name
Now that you have an indicator of what your domain could potentially sell for its time to decide on the right pricing strategy.
Most aftermarket domain names sell in the $2,000 range, and the vast majority of the rest of the domain names that are being purchased on the secondary market go for under $5,000.
So unless you have your hands on a premium domain name that should sell for well into the five or perhaps even six-figures its highly recommended you market the domain name with a realistic, priced to sell, Buy-It-Now price.
Domains with a Buy Now price are times more likely to sell than the standard make offer domains. Another reason to choose this strategy is that a Buy-It-Now pricing creates a sense of urgency for buyers if they dont buy now, someone else might and they may lose out on the opportunity to own the domain name forever.
If you own a highly sought-after domain name and enjoy the process of negotiating a deal, there are several reasons to go with the Make an Offer approach instead of putting a fixed price on your domain. Receiving offers on your domain name will allow you to do some due diligence on the interested party and find out what their plans with the domain name are and how much they are potentially able and willing to pay to acquire your domain name.
What If I Don’t Have Any Domain Names To Sell
If you don’t currently have any domain names, but want to start investing in domain names, you can register new domains you think might increase in value using our . Domains are becoming increasingly valuable, as more of the sought after domain names become registered. For example, viewit.com recently sold for $40,000! You can from as little as £1.95 per year through GetDotted.com, and put them up for sale absolutely free of charge.
Recommended Reading: How Do I Increase My Domain Authority
Why You Might Want To Run A Domain Name Auction
If youve reached a point where youre no longer interested in your website or dont have the time to keep it up, selling it may be your best course of action. You should be able to get back at least some of the money youve put into it. In some cases, you may even be able to make a profit.
Some domain names can be quite valuable, depending on keywords they include, what Top-Level Domain they use, and other factors. If youre also selling your website and its content, you may stand to gain quite a bit of money.
Rebranding may also lead you to sell your domain name, even if youre keeping the rest of your online real estate. If the first web address you chose has turned out not to be such a great fit for your online business, it can be beneficial to register a new one and move your content over to it.
You can then sell your first domain to make back some of your initial investment. Auctioning it off may be particularly fruitful due to the flexible nature of the pricing structure for this type of sale.
At an auction, buyers may feel encouraged to place bids on domains with low minimum prices. However, as time goes on, you stand a chance of eventually selling for more money than you might make by simply listing a specific cost in a traditional sale.
Brandable Names Always Sell Morefact
Brandable domain names are sold so much than any other types of domain names. These are domains that sounds like a great brand and can easily be associated with any businesses.
Big businesses spend thousands of dollars to build their business.
They wouldnt mind paying you that much money to acquire a great domain name that you own.
Dont believe me? Visit BrandBucket and see how much most of their domains cost just because of their great brandability.
Its one of the most visited online marketplace for creative and brandable business names. Most of their domains are sold for thousands of dollars.
And yes! People do purchase these domains.
So if you are into buying and selling domains, buying brandable domain names puts way ahead of the game and ensures your success.
Also Check: Which Domain Provider Is Best
Advertise Your Domains Best Features
You dont technically need to market your domain name. A lot of sites will let you post it for sale with just the name and price. While this might be the easiest method, it may not be the best way to maximize your profit.
Thats why we recommend that you compile some key pieces of information to supplement your posting. Not only will this demonstrate the advantages of your domain name, but it can also show buyers that you wont settle for less than its worth.
For example, consider using analytics to track a parked domain names traffic. Even if the domain is currently empty, a high visitor count could suggest that a lot of people are interested in it. This kind of exposure may be attractive to buyers.
Why would random people visit your domain even though it doesnt hold any meaningful content? you ask. Well, the most likely scenario is that your domain name contains a popular-enough keyword as part of it. Not only that, but it might also rank for that keyword on Google. This is where the traffic comes from.
Another element to focus on might be how memorable your domain name is. Short, simple names are usually the best candidates. If youre in doubt, try using the billboard test: if you saw the URL on a billboard, would you remember it when you got home? If the answer is yes, chances are you have a marketable domain name on your hands.
What Is Included With A Domain Name
Your domain at Webnames Includes:
- LiteSite 1-page website, email and SSL**
- Domain Parking
Recommended Reading: Does Google Host Email Domains
Increase The Value Of Your Domain Name
Before you start the process of selling your domain name, it’s important that you have some idea how much it could be worth realistically. With the wide range of prices that domains go for at auctions, it can be difficult to predict the value of your domain accurately, but there are a few ways that you can estimate the value. More importantly, there are a few things you can do to increase the value of that domain for potential buyers.
Despite the fact that domains can eventually sell for so much, it’s still ridiculously easy to buy domains on the cheap if you’re willing to spend a few hours digging for any domains that are still available. Plenty of domain registrar sites like GoDaddy offer search tools to do that research.
If you find an available domain, you can likely get it for anywhere from $10 to $20 US dollars, but if it’s already taken and for sale by a third party , then you’ll end up paying significantly more. So, what’s the deal with buying and selling domains? The truth is, there’s heck of a lot of money in it, if you know what sort of domains to look for, and what to do with them once you have them.
Highlight Your Domains Strengths
Your domain name listing is like a store display. The better it looks, the more attention it receives.
Create an attractive listing and highlight your domains selling points to help stand out from the competition.
Display any metrics or factors that increase your domains value on your listing page to increase your chance of selling your domain.
Domain for Sale Landing Pages
If you want to know how to sell a domain name like a professional, then consider creating a landing page for your domain.
You can create a landing page by using a URL redirect. Simply put, this causes the domain name youre selling redirect to the landing page you created.
So, if someone tries to visit your domain as a website, theyll see its for sale and find your contact information.
Read Also: How Much Wix Domain Cost