What Is Your Domain Name Worth?
Your Domain Name Top 10 Appraisal Sites
All good things must come to an end, and this is also applicable to your domain name and high-ranking websites. At times, there is simply no point maintaining them, simply because there is nothing left to explore. But just because a site is about to be shut down doesn’t mean it should go to waste.
One way to cash in on a closed site is to sell the domain name.
Of course, before you sell your domain name, you’ll have to notify your registrar or web hosting company first just, to make sure that you are not violating terms in your contract.
The next question you need to ask yourself is how do you know the value of a domain name? A good place to start would be checking with an appraisal site. Basically, these are sites that assess the value of domain names. Here’s a list of the most reliable and accurate appraisal sites:
This is one of the most trusted appraisal sites in the industry. It claims to conduct 1.8 million appraisals each day.
Estibot’s results page contains various domain details (domain, SLD, and keyword) right down to its estimated value. One of the most useful pieces of information on the results page is the availability of the domain name under several TLDs. Other information the results page displays includes the average search result, and traffic rank.
Another free public service appraisal site, Domainindex also offers one of the most detailed results page. Domainindex is one of the few sites that tracks the development of the domain’s price level, indicated through a line chart.
For those that want more comprehensive results, they can subscribe to any of their appraisal packages. Their starter package, which allows users seven appraisals a day, is absolute free. There are three other paid packages wherein users could receive alerts, free updates, and portfolio.
Similar to Domainindex, users can also sign up for a starter appraisal package with five appraisals as the limit.
Aside from the usual details (e.g. value, ranking, searches), this site also shows the Alexa ranking. This is a ranking system set up by alexa.com that approximate the number of visits of each site. In valuate.com, the Alexa ranking is displayed along the Traffic column.
These are just three of the leading appraisal sites. If you want a more comprehensive analysis of your domain’s value, a good idea is to use several sites and base your decision on the average.
6 Responsive Steps to a Desirable Price when Selling Domain Names
Whether you are a professional domain name trader or an internet businessperson looking to sell you website, you want to get the best possible price for your domain name. To accomplish that you need to plan and be ready. Use the following steps to ensure the best price when you decide to sell your domain name.
1. Assess the Value of Your Name
Properly assess your domain name’s value. There are many factors to consider when determining the value of a domain. If you aren’t sure how to do this, there are companies that make these assessments for a fee. Probably the most important factors to consider are:
- Length of domain name
- The power of the extension (ending identification behind the .)
- Practicality of the name
- Niche growth
- Business value
- Association with website
- Internet statistics associated with the name
- Search volume
- Traffic potential
- Several other factors
2. Research the Market
Research avenues on the internet for domain names in as many categories as possible such as:
- aftermarket domains
- sounding domains
- secondary market domains
- high-value domains
- top domains
3. Keep Accurate Records
Ensure you present credible financial reports and maintain tax filings current accessible and correct. Some interested buyers may want to buy immediately and will be put off if your information is confusing, or they have to wait for a financial statement.
If you have difficulty maintaining your records in a timely and accurate manner, you may want to consider using a CPA or a good software program for this purpose.
4. Flow with the Markets
Timing is everything. Pay particular attention to what is happening in your market niche and try to take advantage of peak times for sellers. Postpone selling and improve your data conviction if your market is experiencing a downturn, unless you have no other option.
5. Avoid Ambiguities
Correct anything that might seem contradictory, unusual or confusing before you try to sell your domain name. Eliminate complications, such as a mixture of revenue from more than one site.
Look at your site objectively. Assume your buyer is a novice and in grade school.
Oftentimes, the simpler and cleaner your offer is, the better your chance of obtaining top dollar.
6. “Ground” Your Expectations
Domains that sell for millions or tens of thousands of are rare today. And many of those took years and years to ultimately close the deal. So ensure you have a agreeable plan in place to finance your retrospective buyer easily, quickly and safely.
Most domains nowadays do not sell easily for greater than $2,500. Alternatively, many domain names are sold in “packages” or “bundles”.
There are really valuable and convincing tools available to help you accurately assess your domain’s value. Use one if necessary and price it accordingly.
However understand, even Estibot would not dare guarantee that you will shift your domain in a Flippa 30 day auction. Domain names are an investment vehicle that may well take months or even years to mature properly
If you are in a competitive market, you may be required to accept a noncompeting agreement.
7. Use Multiple Marketing Streams to Promote your Sales
A few possibilities are:
- List your site with an auction site (auctions are faster sales vehicles)
- Park your site at the marketplace (“Buy It Now” results in higher profits)
- Approach buyers directly
- Put a “For Sale” sign on your domain’s home page
- Announce on specialist forums
- Post to Social Media
- Contact your domain name registrar and ask about their sales tools
- Make sure your intention to sell is extremely visible
- Make sure all promotion methods contain multiple contact points eg:
- All Phones
- Social Media
- Online Text Chat
Follow the above strategies for selling your domain name, and you will significantly increase your odds of obtaining the best price possible.
Also, many of the strategies presented are helpful when buying a domain name too.
How To Flip Domain Names Successfully For Profit
For over 3 years I have been buying and selling domains on a part time basis and little did I know of all the resources available to me. Now I am using everything at my disposal to turn an even higher profit and I will analyse and display a simple approach so you can start making money with domain names immediately.
Here is a great approach to start making money online.
The most important step is having something to sell. In this article we will look at selling domain names as our product of choice.
Where do we find these domain names to sell and how much do they cost? For years I would go to a registrar who sells them and insert random words to see if they were available.
The average cost for a new domain name is $12 – $15 depending on the registrar. This process took a very long time and after a while became less and less efficient.
Don’t get me wrong, I did make some good money from the one word domains that I picked up and sold on auction but when you take the amount of time involved it didn’t look as appealing to me.
There are companies online that offer you an opportunity to buy expired or expiring domains that people do not renew or simply let slip away. In many cases you can find premium ones that have active traffic and have aged well.
These are the ones that make the most profit. Just go on any search engine and insert “buy expired domains” and you will find an abundance of opportunities to join. Some are free to join but there are paid programs that work well also. Before buying I always do an appraisal on it to ensure the value is real and worth my while.
So you know how to get them, now how do you make money?
People are actively searching for great domains and you can find these buyers via auctions. A simple search online and you will find the top 2 auctions that cater to what your selling.
Put it up for auction and watch the bidding begin.
What are people looking for?
- Easy To Remember
- Authoritative Search Engine Statistics
- Prolific Or “Rich” Business Sector
- Well Aged Name for Credibility
- Higher value endings (extensions)
- Fewer letters in the name (the less the better)
- Fewer words in the name (the less the better)
- Limited hyphens and / or numbers
- Correct Chinese numerology (if targeting such)
- Sweetening offers
Not so fast… If you really want to make some money and you have a bit of knowledge creating websites or installing scripts then you can work on a simple website for that domain and increase its value.
Then, if you want to take the goodwill a step further you could actually “trafficate” or better still, “monetize” the site and gain yourself some pocket-money while waiting for your perfect “heart” buyer.
This process is not all that dissimilar to renovating a physical house to amplify your investment potential.
Just remember this… Everything you need is at your fingertips, a simple search online will allow you to find enough free resources to make your domain name job easier and much more enjoyable_nq.