How To Sell Domain Names Fast
Many people bought domain names at some point in time with the intent of starting their own blogs or website, but as time would have it they didnt have the drive to continue with such goal, and this is the reason why they have decided to go ahead to sell off their domain names for the purpose of deriving the fast cash.
The truth is that it could pose a whole lot of pain to have your domain name sold and this is the reason why you might need to gather as much information as possible for the purpose of selling your domain names, and in time too.
You need to bear in mind first of all that there are lots of domain names out there and it could be possible that you do not get the domain name that sells fast, but this doesnt mean that the domain name or names that you have wouldnt be the gold mine that you so much expected it to be.
The fast track processes on How to sell domains fast selling your domain name for the entire price that it is worth
The truth is that while you might want to sell a domain name that matters, the process of selling a domain name could be an uneasy length of steps.
You need to bear in mind also that the value that is ascribed to your domain name depends largely on how well you are able to market it. Irrespective of this fact, you might need to follow the following steps when you want to sell a domain name fast:
Some salient facts that you should know is that a .com domain tends to sell for a lot more.
Privacy
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.
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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.
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Choose Your Business Type
The first thing that you need to do is to choose what type of business you want to run. Choose something that can fit within your budget and interest. If youre looking to start a side hustle, then you will have different requirements for those who are looking for a full-time business. There are dozens of businesses or models you could follow, so take your time in choosing which is the best for you.
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Hire A Domain Name Broker
Does all of the above sound difficult or tiring? Well, I didnt say this was easy, did I?
If you own a domain name with a significant value you can, and probably should, consider getting a professional domain name broker involved to help you find a buyer and facilitate the sale on your behalf. Most domain brokers work on a commission basis, meaning they are paid a percentage of the sale price.
This no-cure, no-pay structure means most established brokers will only be interested in working with you on finding a buyer for your domain name if it has a value that is at least in the high five-figure range. It is very important that you make yourself familiar with the brokers policies and pricing structure prior to engaging the services. A written agreement clearly outlining all the nitty-gritty details such as commission and exclusivity is highly recommended.
Below is a list of domain name brokers and brokerage firms with a good reputation and track record:
Make sure to do your own due diligence before working with a domain name broker and always use a licensed escrow service to facilitate the sale of the domain name and the transfer of funds.
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Selling Domains For Profit
You want to make sure that youre getting the absolute best value for your domain. Marketplace websites like Sedo allow users to buy and sell domain names at auction. The more valuable the domain, the busier the auction, which leads to inflated prices. Keep in mind that auction sites offer a lot of competition as well, and you may see more engagement if youre selling a large number of domains at the same time. Another strategy for selling domains effectively is to seek out forums and platforms devoted to a particular audience for whom the domain name is relevant. If youre trying to sell bcsalmonfishing.com, for instance, you might try your luck on a fishing-related forum or blog. While purchasing a domain that includes a trademarked name and selling that domain back to the trademark holder may sound like a viable get-rich-quick scheme, its often an invitation for a lawsuit and its wise to avoid this strategy. Buying and selling domains can be an exciting, challenging, and sometimes profitable business. Remember to start small and be smart with domain investments.
References & Resources
Why Should I Buy Or Own A Domain Name
If you have ever wanted to start an online store or use a website to showcase your creative talents, owning a custom domain name helps improve your credibility and presents you and your business in a professional light. Your domain name is a personal introduction to people who may come across your website via search engines.
Once you have your custom domain name in place, it becomes easier for potential partners to remember. It can also form the basis of standardizing each aspect of your business or website. For example, if you have your first and last names as your domain name, you can use them as part of your email address.
However, some people dont look to buy domain names for personal use. Instead, they develop and purchase custom domain names that a company may desire in the future. A potential buyer can then approach the domain seller and offer to buy it at an agreed domain name value or fixed price.
If multiple parties are interested, the seller can use domain auction sites to drive the price and sell to the highest bidder, often for far more than the domain name is worth.
Additionally, some people buy cheap domain names as a form of domain investment, also known as domain flipping, and then immediately look to sell the domain name for profit via a domain market.
Often these individuals will own multiple domain names at any one time, and they keep an eye on market trends to determine when to sell.
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What Is Domain Name Flipping
Domain names can be extremely lucrative, and companies are willing to pay top dollar for some of the premier names. For example, a domain with a name like sidehustles.com might be worth significantly more than another domain. Typically, shorter domains will be worth much more than longer domains. More on this below!
Domain flipping is the process in which you purchase a domain and sell it for a profit. The price you can sell your domain for is completely arbitrary.
When flipping domain names, youll need to put in the time and effort to succeed. You can check out the video below to learn how this person has made great money flipping domains.
If youre looking for something more lucrative, you might give website flipping a try.
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How To Sell A Website In 2022 And Get The Price You Deserve
Are you tired of running the day-to-day of your ecommerce store? Did you suddenly get a new job offer thats getting in the way of your online business? Do you want to disconnect from the urban chaos and live offline in the countryside? This guide will show you exactly how to sell a website and get the highest price for it.
If youre worried that selling websites wont be worth it, you might want to rethink. You can get between 2040 times your monthly net profit. This article will show you exactly how to do that.
Excited? Lets begin!
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How Long Does It Take To Sell A Website
Most website brokers and marketplaces have an active listing period of between 30180 days. But that doesnt mean that a month or two will net you the price you want for your online business.
You can compare a website sale to a startup exit or the sale of a home in many ways.
You need to invest the time to take your website to its peak. You also have to lay the foundation for new ownership before reaching out to buyers. If you fail to do this, you will struggle even to find a willing buyer in the first place.
The more time, money, and effort you put in up-front, the easier the sale will be. A well-managed online business with automated content creation processes and fulfillment is much easier to sell than an improvised mess.
Kinsta spoiled me so bad that I demand that level of service from every provider now. We also try to be at that level with our SaaS tool support.
Suganthan Mohanadasan from @Suganthanmn
We have included some essential steps to take before you should even consider listing your website for sale.
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.
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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.
Who Is The Best Domain Reseller
We consider Namecheap as the overall best marketplace to buy a domain from because of the convenience they provide.
While the domains listed for sale are limited to those registered through Namecheap, buying a domain name through their marketplace is a seamless process with no other 3rd party tools or platforms required for the transaction.
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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.
Is The Venue Trusted And Well Known
Its important to feel confident that you will get paid and that the buyer will get the domain name they paid for.
Pick a place that has good ratings with recognized bodies such as the Better Business Bureau or licensing from a trusted government source.
This will make it easier for the buyer to pull the trigger on the domain purchase as well knowing they can trust the brand that is selling the domain.
A trusted brand is vital when selling a domain.
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Consider Investing In A Tool
If youre interested in purchasing an expired domain, there are several tools you can use to quickly browse many different auctions and domain stats. These tools will offer an easy way to view the domain authority of many different domains, their cost, and several other factors worth considering.
If youre planning on becoming a high volume domain flipper, these tools can become essential to grow your side hustle.
Steve Morrow Founder Of Paddle Sells On Flippa
I started a website in late 2017. This was the first website I had built. Honestly, I kind of floundered with this site for a little over 2 years. In 2019 I made a whopping $2,500 from the website with affiliate commissions.
The site was in the health niche and I didnt have the required E-A-T. I was constantly being impacted by Google updates. I decided in early 2020 to sell the website. My commissions had been anywhere from $0 to $500 in a given month in 2019.
I used Flippa to sell my site and the folks there helped me value the site. I ended up listing it for about $12,000 and sold it for just over $8k. My valuation was difficult because the site didnt produce a consistent income each month. Some sites consistently generate $500 or $1,000 per month and I think those are easier to value.
I didnt really do any prep to sell the site, and I didnt offer any after-sales service. I think the individual who bought the site was looking for an aged domain that had some decent content.
With the money I earned from the sale, I started my new site, paddleabout.com. This site is doing much better after only one year than my other site ever did. I took my experience and used that going forward.
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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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Who Can Do It
The large barriers that exist in the traditional commerce store world simply do not exist online due to the Internet. You dont need to spend months searching for potential premises or spending small fortunes on lease or employees. You dont even need to buy the stock upfront since many eCommerce stores only buy it after theyve made the actual sale.
All you need is a website that will be relatively easy to get if you have the necessary know-how and a way to process and secure your payments. Due to this, pretty much anyone can start an eCommerce store if they have half a mind to do it.
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Create Processes And Use Third
Some types of websites and ecommerce stores require more involvement than others. If you are running an ecommerce store and are currently fulfilling your orders yourself, you should change that before selling the business. You must minimize your involvement in the business as much as possible before selling it.
Potential buyers who have the capital to buy a business for a flat fee of tens of thousands of dollars arent looking for another full-time job. They are looking for ready-made investment opportunities. That typically means a business thats automated and requires very little hands-on work.
If they dont think your business meets the mark, they will be quick to ask questions.
Here, a potential buyer is concerned about maintaining the WordPress plugins that are the sellers primary income source. Its a glimpse into the priorities of your target market: they dont want to take over a businessto have to devote their lives to itas it falls apart at the seams.
To help alleviate concerns like this, follow the checklist below.
Automated processes checklist:
- Train a virtual assistant to handle day-to-day business tasks .
- Handle order fulfillment with a third-party service.
- Outsource new content creation to reliable writers and designers.
- For software products, line up freelance developers to handle updates and hotfixes.
- Automate CMS updates and backups.
Note: You can also opt for a managed WordPress hosting provider like Kinsta, where we handle backups for you.