Online product purchase is a straightforward process using a designated payment method. Many products can be bought or sold online and this includes registered website name or domain name. Since internet gained popularity many years ago, the business of buying and selling website addresses became popular as more people realized the importance of having an easy-to-remember and credible name to mark their online presence. To simply put it, there is business in buy/sell of website address because highly popular names are still in demand today. Some names are even reserved and registered as investments, indicating that they are available for purchase in a wide price range.
Bear in mind that buying domain name from an owner or reseller may be a tricky process. You need to be sure of what you want and set a budget for the purchase. Naturally, a particular domain name becomes more valuable (and costly) if the seller finds out that it will be used for commercial purposes. Whether for personal or business purposes, refrain from revealing too much information to the seller. There are several ways to source for your domain name.
Firstly, try to search for the address. If you found the address and it’s in use (a fully functioning website), it is likely that it’s not for sale. However, you can email the operator for confirmation. If the address is for sale, check out the selling price and attempt to purchase either through private sale, auction, or broker. If you are bidding for it, beware not to be too caught up in the bidding process- you may end up paying more than you need to. Ask yourself whether there are better addresses available.
Buying domain name is a worthwhile quest if you are keen on owning a particular website address. However, the price range varies and you may end up paying more than necessary. If that’s the case, you can always tap into your creativity and come up with a new name!