The idea of making great money buying and selling domain names without having to actually build websites, learn affiliate marketing, or build a business can be a tempting one. However, being a domain flipper is a tough way to make passive income. Being able to do this full-time is going to be a major challenge. Even as a side hustle , domain selling requires a lot of work, research, and a little bit of luck in making good money.
A major factor that helps determine whether you succeed or fail will be figuring out the best place to sell your domain name for your specific situation. These three instances just ended up being extra money in the pocket. Receiving a direct offer happens when a potential buyer gets an idea for the perfect domain name for their website…and then finds out someone else owns it.
If you do, they have no way of contacting you. This is where anyone looking to buy your domain name will be able to find information to contact you and see what the asking price is. The written contract is what stops PayPal, Stripe, or a bank from refunding your earnings, leaving you without pay and without the domain name. The next is to confirm payment.
You pay, then you get the item. Same transaction setup here. You get the money into your account and then release the domain name. This is a two to four-step process in most cases, so be sure to follow through so everyone is happy at the end. This is where you can find a prospective buyer and every kind of domain broker.
A GoDaddy Auction site is one of the best domain name marketplaces where you can buy or sell your domain name. Listing domains for auction allows them to be open up for bidding but you are allowed to set a minimum price, as well.
Ninety-nine percent of the time, any name falling under this umbrella was likely bought by a company or domaineer years ago, but sometimes one slips through. The Sedo marketplace really emphasizes the selling of domain names and giving sellers as many options as possible. You can do the selling via an online marketplace auction, direct auction, direct offers, or if you have a high enough value domain then you can even consider their broker services.
The domain can be sold for that price or the seller can choose to put it up for auction with that offered price as the minimum bid. This opens up the possibility of getting into a bidding war to get a higher price for your domain. Flippa is known for selling a wide number of online properties. Online businesses, long-established websites, and even domain names. While this definitely is a positive buying feature it also helps sellers by encouraging a large number of potential buyers who like these tools to use Flippa over other sites.
Because of the large number of already established domains or created sites, it can be a bit more difficult to stick out. Afternic makes no bones about what they are. They are a domain marketplace focusing on making the buying and selling experience as smooth as possible. This is a site that has a lot of action going on and does a great job of rotating which domains are on the landing page of the site.
Afternic is free to join and they do a great job of making sure listings on their site are also picked up by other sites and forums that sell domain names. This allows them to throw a wide net. As I type this, there are over 1, TLDs. You can register a domain on about 1, of them. So clearly there is no shortage of available domain space. Yet the secondary domain market is thriving. Because people still want a domain name on a small handful of specific TLDs,. The TLD is the part of the domain that comes after the last dot.
So com , net , and org are TLDs. As are club , store , and chat. 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. One of the most common pitfalls that we run into when trying to sell a domain name is believing it is more valuable than it actually is.
But hey, at least getting the cost of a nice dinner is something. Those are only estimates though, based on algorithms. And like all algorithms, they are generic, not specific. I prefer to look at comparable sales.
Domain names are unique, so you have to look for roughly comparable names. There are also rules of thumb you can apply. Like if ggexample. Those multiples work the other way too. If you own a. Other than comparable sales, here are some things to take into consideration when pricing your domains.
The internet started with seven top-level domain extensions com, net, org, int, edu, gov, mil. Of those seven, you, as an unaffiliated early Internet user, could only register a domain on. The others were reserved for institutions or computer networks.
So it seems to me that history is the only thing propping up the perceived value of a. Okay, I know, that was a lot of information. But properly pricing your domain is arguably the most important part of the sale. This is one place you can gain an advantage over a large domain seller. Where they will have generic pages on the domains, you can create something more attractive. Make the page as unique as the domain name.
Incorporate color or imagery that lines up with the name whenever possible. Make it personal, let potential buyers know there are dealing with an individual, not a corporation. This is a key point — if you can do it. Many registrars turn on privacy by default. Use an auction service. Besides listings and brokerages, there are auction sites as well. Many listing services offer auction services as well. Part 3. Respond quickly. If you receive an offer, make sure to respond as soon as possible.
If you wait longer than 24 hours, you may lose a buyer. Use charm pricing. When you finally decide on an initial price for your domain, use charm pricing to help entice buyers. Negotiate your price. If you have a domain that you know is worth a certain price, make sure you don't settle for less.
Come armed with detailed information about the worth of your domain, and explain to the buyer why the price is what it is. Use escrow services for direct sales. When you are dealing directly with the buyer, make sure that any money that is transferred goes through an escrow service. This will ensure that all checks clear and that you aren't left with a bounced check and no domain. Escrow services may add a few days to a sale and cost you a percentage, but they can save you a lot of heartache.
If your domains are selling for smaller amounts, escrow services may not be cost-effective. Domain names don't need to be developed with websites before putting them up for sale. Not Helpful 0 Helpful It's a scam. Other sites also require you to pay a "verification" fee, or to use a specific escrow service. Pay only when the sale closes, and avoid brokers which require a specific service they either own that or get affiliate commissions.
Not Helpful 0 Helpful 5. If the domain is good the buyer will find you. Also, there are a several marketplaces where you can list your domain for sale and is free: Undeveloped, GoDaddy, Flippa, Sedo, etc. Not Helpful 10 Helpful Do I give the buyer of my domain name control of it through my hosting service?
Lawson James. Not Helpful 1 Helpful 3. Yes, in this case, you will sell your website features, such as the layout, the source code and hosting privilege. Not Helpful 0 Helpful 1. Include your email address to get a message when this question is answered. Consider combining different types of sales strategies; have a broker to list your domain name while you're also looking for buyers on your own.
Helpful 0 Not Helpful 0. Submit a Tip All tip submissions are carefully reviewed before being published. Watch out for exaggerated broker fees; try to find a broker who will work with you.
Helpful 9 Not Helpful 2. Related wikiHows How to. How to. Co-authors: Updated: September 22, Categories: Creating and Enhancing a Website. Article Summary X 1.
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