In today’s time, Internet has become very popular that almost everyone makes use of it from individual to organization. In digital world, many individuals have the habit of collecting attractive domain names. In fact many people make money out of buying a potential domain name and selling it at a higher price. If you are also one of them then we have some informative points that could benefit you.
Have you ever thought of how to get rid of your unused domain name? Well, you can get rid of unused domain names and make some money out of it but it is more important to understand the whole process of selling domain names. Domain name buying and selling is one of those things that many people don’t realize these things going on but there are many entrepreneur who are making huge profit from their unused domains. If you don’t know how you can search for buyer and how the whole process work, it would be difficult for you.
So, get ready to sell your domain names. I am sharing with you some tips on how to sell your domain name that you can’t wait to let go off.
How to Sell a Domain Name
Selling unused domain names includes finding a buyer, negotiating for the best price, secure payment and seal the transactions.
1. Determine your domain’s value
The first step is to determine the value of your domain. Before you start listing your domain come up with a good price. There are few factors that will help you to determine the true value of any domain.
It includes traffic, age of domain, length and readability of domain name. It would be great bait for buyers if your domain name has a good page rank or domian authority or page authority. You can go to SitePrice and find out an estimate of your domain’s value.
2. Be realistic about the price
Make sure you have realistic approach for your unused domain name. Domains that sell for thousands of dollars are rare. You may not receive a large amount of money for your unused domain unless you have a highly sought after domain. This will help you to be realistic in pricing of your unused domain name if you are really intended to sell it.
3. Find Domain name buyers
Once you decide to sell domain name, it is important to find the best market place to sell it. It is a good thing to approach buyers directly. If you will contact middleman then the profit will be compromised. So, if you want to make more profit then it is recommended to contact the buyer directly without going through the middleman.
You can contact buyers directly on auction sites, it includes ebay.com. If you have premium domain name you can become member at GreatDomains.com and list your domain name there. Or you can also visit Afternic.com, Sedo.com. Both are largest marketplace to sell your domain name. The marketplace provides safe and secure escrow service for domain name sellers and buyers. Also, if you find some organization or startup or person having a similar domain name then they might want to buy yours too. So, contact them.
4. Hang up For Sale Sign
One of the best ways to get offers on your domain is to put a sale sign so that others visitors get to know immediately that this domain is available for purchase. Also include necessary information like if anyone is interested in particular domain, how they can contact you. So, include contact details or contact form as well.
You can do this by adding a page to one of your exiting website and redirect all of your for sale domains to that sale page.
5. Park your domain
If you are not sure whether your domain is going to be sold then you can also get your unused domain name registered with domain parking service. These are websites that provide landing page for your unused domain that contains link to advertisement which will help you to earn money even while you wait for the perfect buyer of your unused domain.
6. Negotiating with the buyer
Engaging a buyer is an important aspect of selling domain name. Make sure you have professional approach. As a seller you must be having proper and clear cut knowledge of the domain name that you are selling. You must also keep track of the traffic the domain name receives as well as the expiry date of your domain name. If the potential buyer doesn’t agree, don’t feel bad, just move to next one until you find willing buyer.
7. Close Transaction and get Payment
Once you find the willing buyer, it is the time to transfer domain name. And once the transfer is complete, you can transfer funds.