This post will deal with the best way of buying and selling domains. It's going to revolve around how you can find domains, websites you can visit to sell domains, and how to value your domain.
Who doesn’t want to earn profit while doing business? Everyone wants to taste profit and success. But many get stuck, follow the wrong track, and end up in a disaster. Same is the case when if one isn't aware of the business of buying and selling domains.
If you are new to buying and selling online domains, here are some points you should know before getting your hands dirty.
- Places to buy domains from.
- Places to sell domains.
- The domain transfer process.
- The price at which you should sell domains.
- Trademark issues while buying and selling domain names.
Domain Registration
How To Sell A Domain
Pricing Consideration While Selling A Domain
5 Websites For Buying And Selling Domains
Domain Registration
The first point to understand is how to get a domain registered. Back in the day, .com and .net were extremely popular as extensions. If you got in early and purchased some domains, you are sitting on a pile of cash because some of these domain names are worth a lot today
Go to websites like Domain.com and GoDaddy.com. Search for the keywords or the exact name you want your domain to be. This search tells you whether the domain name is available or not. In case the domain name is available, you have the option of adding it the shopping cart. If you plan to purchase the domain, you need to for how long do you want to register. This time is generally in years. You also get the option of purchasing add-ons like domain privacy, etc.
How To A Sell Domain?
The first step is to prepare a list of the domains you possess. Now shortlist the ones you need to sell. Next, decide a pricing structure of the domain. Though it's not mandatory (you can auction your domain), having a base price in mind makes it easy with the selling process.
Now, you need to list your domain for sale. You can again visit websites like GoDaddy which provide the option of putting up domains for sale. You have listed your domain, and now watch how people place absurd bids to purchase your domain! Wrong. It takes time for a sale to happen. Unless you have an extremely visible and profitable domain name, it will take weeks or even months to receive that first purchase offer.
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Pricing Consideration While Selling A Domain
There's an article which lists 25 of the most expensive domain names publicly reported to have been sold. In 2009, insure.com was sold for $16 million which is equal to Rs. 1,14,46,40,000 (approximately as per today’s exchange rate value). Mind-boggling, right? That's just crazy and there are several other examples: insurance.com, vacationrental.com, etc.
This doesn't mean you'll also get astronomical amounts for your domain. A lot of the popular keyword domains have already been purchased. And it's unlikely that you have a domain with common but attractive names (bank.com, digitalworld.com, etc.) To get an idea on the pricing, visit domain trading websites to get an idea of how much the domains similar to yours are being listed at. Set the pricing expectations accordingly.
Also read : 10 eCommerce Business Ideas Which Can Yield High Profit
5 Websites for Buying And Selling Domains
Now it's time to know about websites where you can try out whatever has been discussed in this post. Here are five websites that are highly popular for buying and selling domains:
Namecheap
Flipper.com
GoDaddy.com
Cedar.com
Expired-domains.co
Also read : How to Start an Ecommerce business in 2020
Conclusion
While buying up a ton of domains seems like a great way to make money, real world results show it's not that easy to churn profits. As with any industry, you will have those "golden moments" when you read about someone who made domain flipping into a million dollar a year business, all while sitting in the comfort of his home. Don't get disheartened. Even you'll have your moments of success provided you persevere and put in the required efforts. Be careful because just like any business, buying and selling of domains also involves a risk factor. Therefore, calculate the risk, consider all factors, and then get your hands dirty in domain flipping.
Link : https://startuptalky.com/earn-buying-selling-domain/
Author :- Devashish Shrivastava
June 20, 2020 at 05:00PM
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