- Effective and proven tips for buying and selling domain names for profit.

Shaping the great minds.

Sunday, 13 August 2017

Effective and proven tips for buying and selling domain names for profit.

Would you like to be that lucky person who sells their domain for thousands or even a million dollars?

 It IS possible to find quality domains and resell them for huge amounts of money. The time is ripe for acquiring top domains and selling them.

Now that the Internet Boom is behind us, valuable names expire everyday. The best way to find these domains is to use services on the Internet such as DomainsBot to weed out the bad names. Or just check out Hot Lists on sites like Namewinner or Pool.

Buying and selling domain names is an exciting adventure that for some seems to conjure up images of finding hidden pirate treasure or guessing the winning combination on the next Powerball. Stories abound of domains that were purchased for $8 dollars 15 years ago being sold today for millions. Of course, that leads the more adventurous of us to wonder, “How can I do that?”
Here are some tips to get you pointed in the right direction when trying to buy or sell a domain name for profit.

  • Find names that offer real value.


    Think of ways that the domains you buy would be a valuable asset to the buyer. Picture someone who would benefit from buying the domain in a space you are very familiar with.
    Let’s play this out with a real example. Say you’re familiar with the real estate market in india, pacifica, and you have the opportunity to purchase pacificaapartments.com for $200. This might be a good deal. pacifica has a lot of rental property; it’s a competitive market; and there’s huge turnover in the apartment space because the india is home to a major university. Ask yourself:

    • How much does one month of rent profit a landlord, property manager or other prospective domain buyer? 
    • How about a year’s worth of rental profit?
    • Would you buy this name if you were in the space? If so, why?
    • What kind of domains are landlords, property managers, etc., using?
    • How much do they spend on advertising?
    • How much would this domain help them to sound authoritative in their space?


      If you can answer these questions with confidence and know this niche well, you probably already have an idea of who to contact and how to make a compelling case for how this domain could help their business grow.
      buying and selling domain 

      • Contact Large Businesses with Deep Pockets.


        This approach takes some time and patience. Let's say you have acquired a great domain name that would work great for any business in the field of the stock market. You may want to locate some of the bigger sites or businesses and make an offer to sell your domain name. Make sure the name you own doesn't have any elements that are already trademarked because you may be forced to give up the name.
        You may want to go on the Internet and look up current websites that deal with stocks and find ones that don't have the greatest domain names. Make offers to these sites stating how your domain is much better and will HELP them. If you get a company to bite, the rewards are usually very generous!

        • Evaluating the price.


          Once you have a name in mind, how do you know if the price is fair? I like to use namebio.com to compare the domain I’m thinking about buying with similar domains that have sold. You can enter the keyword and also use some advanced search features to see a list of names similar to yours, what they actually sold for, and when they sold. You can also research current domain sales on venues like GoDaddy Auctions and Afternic. Finally, Ron Jackson issues a weekly report on DN Journal that covers the top public sales of the week. You can use all these resources to help you price your domains correctly.

          • Sell it on Domain Sites.


            The only sites you should even consider putting your name up for sale is on ebay.com, Afternic, or Sedo. These are the most popular and where some huge sales have taken place. The only downside is that there are high numbers of domains already for sale and usually the site will get a commission of something around 10%.
            There also may be a small fee to join. Appraisal Blast charges a minimal fee but no commission. Your domain will get more exposure there just because there aren't hundreds of domains for sale. You may also have luck selling it on forums such as DomainState. The prices of sales there seem to be lower.

            • Go after the end users. 


              Depending on the quality and reach of a given domain name this can be either an easy or difficult task. Your first step is to simply research websites of the same category as your keywords. See what the industry or niche is up to and what businesses and individuals are appearing on the top search results pages for the exact and similar keywords. You may even want to do a Google blog search for fresh results. Contact anyone you feel would benefit from owning your domain.

              Here’s a quick tip from DNW; Do a WHOIS search to see if your domain has been taken in any other extensions (.net, .org) and contact those registrants.
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