Is There Money To Be Made Selling Domain Names?
Most selling domain name entrepreneurs wouldn’t even bat an eyelid at the mention of the words Selling Domain Names, because domain name speculators are already accustomed to trading domain names online, and fully comprehend that domain names have their own intrinsic value.
But are you aware that it’s still plausible to make good money online from participating in outlets selling domain names?
The Paradigm Of Trading Domain Names
Domain name flipping is the process of buying domain names in the intention of reselling them subsequently for a handsome profit.
It’s somewhat like real estate investment. An investor purchases a real estate entity, land, home, warehouse, shop, and then somehow enhances the product to then turn it around and sell it on to someone else for a significantly inflated price.
But here, it’s a domain name that is similarly transacted at an amount higher than the initial price. This constitutes a domain name flip.
So, Precisely How Do You Go About Selling Domain Names?
It is time consuming and labour intensive, but not all that difficult. Research the methodology well, so as to avoid mistakes and losses.
Always remember, profitability and efficiency in selling domain names is the key aim.
Firstly buy one or more domain names, but be sure to choose wisely.
The perfect selling domain name should be:
- as short as possible
- a single word
- in english
- free of numbers
- free of hyphens
- aged at least a year
- have good google searches
- containing a business-relevant keyword
- relevant to a recognized business (not chicken sexing)
- ending in .com
- a .net, a .info, & a .biz, also acceptable
In reselling domain names purchased, you’ll want to subscribe to a specialty domain trading website such as Sedo, Afternic, Namejet, Flippa, or even eBay. You should create a seductive descriptive listing for domain names you’re selling so as to stimulate interest in relevant parties.
With the millions of domain names out there, this may take some time to effect, but those interested will begin “WATCHING” your domain name and eventually buy it.
What of Selling Domain Name in Auctions?
Like house auctions, these can be of an advantage or a disadvantage to selling domain names.
- Advantageous in that you could conceivably sell at a sometimes far higher amount than the price you envisaged and hence make an obscene profit.
- Disadvantageous in that you may be forced to sell to the highest bidder, with the final amount far lower than expected.
In our educated opinion, case 2 is far, far more prevalent than case 1. So we advocate avoiding ALL domain auctions altogether and opting for a “Buy It Now” approach, sitting tight, promoting madly and waiting patiently for a buyer to “call”.
(It may be days, weeks, months or even years.)
Selling Domain Names On Auction At No Reserve
Have you ever heard of a real estate agency selling a home at “no reserve”? Why? because it’s galactically stupid.
You come across anyone saying different, you run, don’t walk the other way. It single-handedly destroys the value of good domain names for the entire industry.
Yet millions have done it. $3,000 domains get sold for $1 daily. It’s insanity personified.
All in the hope that you create a fiery bidding frenzy. The absolute dumbest thing we believe you can do is try selling domain names at auctions on a “no reserve” basis._nq