Domain names are prime virtual “Real Estate”. They are considered valuable property nowadays. To get an idea of what kind of “Real Estate” we are talking about, check out some of this decade’s Domain Name Sales:
o Business.com – $7.5 million
o AsSeenOnTV.com – $5.1 million
o Altavista.com – $3.3 million, then sold to Overture Services for $107 million!
o Wine.com – $2.9 million
o Autos.com – $2.2 million
o Commerce.com – $180,000
and the list goes on…
As you can see, we are talking big money here. Lets see how we can make money selling domains.
To sell a domain, obviously you need to advertise it somewhere. Sedo is a great way of marketing your domain name. Not only do they offer free parking for your domain, but they also offer to list your domain for sale for free! You will be able to input your own asking price for each domain your park, and also a short description of the domain. It is a fantastic tool to sell your domain fast and at the same time earn revenue from clicks while you wait for the perfect offer. Remember to always sell to an end-user, which is always a company or corporation that will use the domain to establish their business.
Sometimes you will be faced in a situation where some guy will make an offer for a domain you own; what they’ll do is buy your domain for some nice amount in order to make you happy, then sell it to an end-user in a gazillion 46 times more than the amount you sold it for.
So my advice is, if you don’t really and desperately need the money, don’t sell it until you find the right buyer. But don’t let this fool you, sometimes you know you will not find any end-user for your ridiculous domain name and a wise decision will be selling it to the guy who made you the first offer.
– Always ask for an appraisal before making a sale. You can ask for appraisals in domain name-related forums like NamePros. You can open a new thread and ask around about your domain. But if you want to know an exact price of the name, simply look for a company whose business is domain appraisal. They will charge you X amount of cash and you will receive a professional domain name appraisal.
– If you consider your domain name to be a ridiculously important one. I recommend you add it to Sedo’s featured domain names, (of course this is not free), but for sure it will get the attention and the offer you want for your domain.
– Always make your final sale transaction through a domain escrow company like Sedo to ensure safety of the transaction.