Building A Solid Domain Portfolio
Building a high-quality domain portfolio can take months or years to accomplish. Often, the key is looking forward to what domains may become popular in the future and hedging through numbers by purchasing hundreds of domains. Others choose to purchase a few already high profile domains and sit on them hoping that they appreciate in value.
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.
Social Profiles Wont Replace Domain Names
Many advertisers and marketers are concerned that social media will soon replace domain names completely and make them go obsolete. This fear is even more real nowadays because many online businesses and startups are using the power of social media to connect to their target audience.
But if you just weigh the pros and cons of having a domain name for your business solely, you will see that having a social media profile is just not enough.
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Find A Buyer With Outbound Sales
Do you have a descriptive domain name in a niche with many potential end-users? Something like AustinBaker.com or AtlantaLawyer.com. If the answer is yes, you might want to consider putting in a bit of effort to increase the likelihood of selling your domain name by actively reaching out to relevant businesses that could benefit from owning your domain name. Outbound sales are typically done via email or phone to a targeted group of leads that have been gathered after some research. The best place to start your research is by doing a Google search for businesses that match the keywords of your domain name. Once you have a list of businesses gathered you can uses tools such as LinkedIn or Clearbit Connect to find the names and email addresses of the person in charge of marketing or technology such as the Chief Marketing Officer or CTO. If a business is small I recommend to email the owner directly. Make sure to send emails individually, keeping each of them personalized and short. Such as in the example below.
Subject: Selling AtlantaLawyer.com
I own the AtlantaLawyer.com domain name and I am reaching out to a few companies in the legal sector here in Atlanta to explore a possible sale of the domain name. Would you be interested in owning this domain name for your business?
Your NameYour contact details.
Recommended Platforms To Sell Your Domain Name
If youre not sure where to begin, dont worry! We have a few suggestions to give you a head start. See how the following recommendations compare with your responses to the above advice before settling on an option.
Another option is Flippa. Flippa helps you sell domain names, but thats not all you can sell entire websites and businesses there too. As such, we recommend giving it a try if youre not intimidated with how to sell a domain name and are looking to make it a major source of income.
Finally, lets talk about Sedo. Sedo is one of the most popular marketplaces for domain sellers. It offers built-in escrow services, robust customer service, and an intuitive interface with lots of filters:
Given all of its strengths, we generally recommend Sedo if youre not sure which marketplace is right for you. If youre a beginner, the quick and simple upload process is a significant benefit.
Nevertheless, there are far more than just these options out there. Dont be afraid to spend some time looking for other domain marketplaces. You might find that your best option is more off the beaten path.
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What Is A Domain
In simplest terms, a domain is the name of a website. Therefore the domain for my website is dontworkanotherday.com.
According to Wikipedia, a domain is an identification string that defines a realm of administrative autonomy, authority, or control within the Internet.
You can think of domain names in the same terms as an address for your home. Where your home has a street number and road, a domain name uses the same structure to find and locate a website. Similar to your home, there can only be one address. Each domain is unique. Because there can only be one address, this is where domain flipping comes into play.
Less Affordable Compared To Other Registrars
Even with access to the additional features, Google Domains pricing is higher than what its competition offers.
The cost of a .com domain extension at Google Domains is $12/year. The prices of domains with other extensions start at $7/year. Google applies a fixed renewal fee, but theres no discount for long-term registrations.
Whats more, Google Domains doesnt sell web hosting, so you will have to buy it from a third party. In the long run, this will cost more money.
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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.
Sell Domains Through Direct Sales Auctions & Back Orders
There are three ways that domains are typically sold. The first is direct selling, where you establish a price for the domain, the buyer agrees to that price, and the sale moves forward.
The second and highly popular way to sell a domain is through an auction. When selling domains through auctions, you establish a minimum price for your domains and hopefully people will bid on your domains. Thousands of domains are sold through various marketplace auctions every day. Auctions last for a set period of time, typically from four to 30 days.
A third way to sell domains is through back orders. Most domain marketplaces allow potential buyers to place a domain on back order. Potential buyers set the price they are willing to pay for a domain, and as the owner of the domain, you are alerted when this happens. You can then choose to contact the interested customer directly to negotiate further with them if you feel their back order bid is within an acceptable price range for you.
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Google Paid This Much To The Guy Who Briefly Owned Googlecom
A former employee nabbed the domain name for one minute back in September when Google somehow let its ownership slip.
Google doled out some cash after losing and regaining control of its domain name last fall.
Google shelled out some cash last fall after losing and regaining ownership of Google.com. Now the company has revealed how much the slip-up cost.
Former Google employee Sanmay Ved for $12 at 1:20 a.m. ET on September 29. He bought the domain name on the Google Domains registration service website after the company somehow lost ownership of it.
He owned Google.com for one minute. The transaction was reversed when Google sent Ved a cancellation order, which returned ownership to the company.
Conflicts over domain ownership aren’t always settled amicably or cheaply. So-called domain squatters often try to get ahead of potential, hypothetical products and register domain names — say, “Appleflyingcar.com” — on the cheap in hopes of netting a big sale to the company that needs the site. Or they may create a website name that combines a celebrity’s name and a word like “naked.”
In this case, it seems Google may have missed a deadline to renew Google.com, creating an opportunity for someone to slip in and nab it. Neither Google nor Ved has publicly revealed exactly how the domain name became available.
Google doubled that offer after Ved said he would donate the money to charity, both the company and Ved said, though neither specified the exact figure.
Does Google Domains Work For Email
Yes! Google Domains makes a great option for creating your own custom email address. Btw, do you need to find someones email address? Here are a few solid tricks.
There are two ways to use emails with Google Domains:
- Built-in email forwarding: Free, create up to 100 email aliases and forward them to your existing accounts. You can send emails from these aliases using Gmail or any other email client.
- Email hosting with Google Workspace From $6 per month you can easily integrate with Google Workspace for hosted email, 30 GB of storage, and more to have a professional email address. .
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Put The Domain Name Up For Sale
With pricing all sorted out, the next step in how to sell your domain name is to put it up for sale. To do so, especially if youre interested in how to sell a domain name fast, you need to create a For Sale landing page.
Why? Its simple. When someone is looking for a domain name to buy, they usually type it into their browser to see if its available. If you have a large message saying This domain name is for sale along with your contact info, the potential buyer will know its available and be able to reach out to you.
It may not necessarily be the best way to sell a domain name as you might have better luck listing it with the domain marketplaces like Sedo or Afternic, but in situations like this, it could keep you from losing out on a great selling opportunity.
There are a number of ways to create a For Sale landing page. You can create your own using any landing page builder software, or you could use one of the For Sale landing pages available at Sedo, Afternic, or one of the other domain marketplaces.
Just know, if you go the latter route, youll have to pay a 10-30 percent commission on the sale price of the domain, even if you acquired the buyer directly from the landing page and not the marketplace.
Another option is to use Efty or another commission-free domain selling platform. The landing pages on these platforms are specifically optimized to sell domains.
Consider Turning Your Domain Into A Profitable Website
Sometimes you might come across a domain that is a great option to build a profitable website on and instead of flipping it, you can choose to build a business out of it.
Whether your goal is to start a blog, build an e-commerce business, or grow various other types of websites, its important to remember that its okay to NOT flip a domain just because it may be profitable. You may have the possibility of making significantly more money by keeping the domain and growing a business with it. Once your business and website have grown, then you could consider selling it to cash in on your efforts.
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Can I Host My Site Using Google Domains
Google Domains is only a domain registrar, so it doesnt sell hosting services. Since building a website requires not only a domain name but web hosting, too, youll have to purchase the latter from third-party hosting providers.
If you register a domain with Google Domains, you can point it to Hostinger. However, separating your domain from your web host costs more than getting them bundled together. Plus, its easier to manage them and receive support if theyre handled by the same company.
We recommend checking our web hosting plans out. Most of them come with one-year domain registration, saving you money and the hassle of connecting the domain to your hosting account.
Whats more, you get to pick a specific hosting type to better accommodate your websites needs.
How Hard Is Reselling Domain Names
The most difficult part of flipping domains is finding the right domain to purchase. This will often be the most time-consuming step. Once you have a system in place domain flipping can become much easier.
As you become more experienced with domain flipping, you should get a good idea of what domain names tend to sell for a higher price than others.
In general, however, flipping domains is relatively easy and can be completed from anywhere making it a perfect low-stress job.
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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. As we wrote here, most aftermarket domain names sell in the US$2,000 range, and the fast majority of the rest of 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. According to research from leading domain name marketplace Sedo, domains with a Buy Now price are three 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 a 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.
Leverage Google Search Operators
Searching in Google is one thing, but if you want to take it to a new level, they make it fairly easy for you to do so.
Broad Match Typing in a term as we demonstrated above, is considered broad match. That is, typing in the key words or your search with no additional characters or qualifiers. Simply typing in the term: Travel To Ireland
Exact Match If you are looking for Google results that are an exact match of your term, then you will enclose the search term in quotations. For example: Travel To Ireland will show only those results that match the term exactly.
Still not enough?
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