Tips and Tricks To Getting Top Money for your Domain Names
by: Dayne Herren
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.
So what makes a "good" domain name? Usually short, single word domains and
2-3 letter .coms, .nets, and .orgs are the best. The more specific the better.
These can be hard to come by but when you find them, you can almost guarantee
that you can make good money from them. Once you have purchased a nice domain
name, get a good appraisal of the name to get an idea of the possible worth (see
AppraisalBlast.com). In order to sell your newly appraised name, you have to
find a buyer. Here are your basic options for selling your domain name in a
nutshell:
1. Sell it on Ebay
This is the easiest and quickest way to sell your domain name. There are
several tricks to landing a good sale at Ebay. One is, start your price low.
People want a bargain. Once you have received an initial bid, it will draw
peoples attention to your name and create more bids. You may want to set a
reserve price if you want to make sure you get X amount of dollars. When selling
your domain on Ebay, make sure your domain name is in the title of the
description. Also, include an appraisal to show to possible buyers the value of
the domain. Keep your description short, clean, and really emphasize how
important and rare your domain is. For example, if your domain is 3 letters and
ends in "I", stress how most 3 letter domains that are highly valuable end in
"I" because it usually stands for "Incorporated". If it ends in "E" it could
stand for "Enterprise". A little bit of marketing saavy can go a long way. I
once sold the domain 0pp.com for over $200. It even has a number in it making it
worth very little. But I emphasize its possible uses and potential. Also, spend
the extra $1 for the Bold Listing and make sure your auction ends on a Sunday
afternoon or evening. This is when most people are browsing Ebay. It will make a
big difference.
2. 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.
3. 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 doens'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!
In summary, selling domains for high amounts of cash depends on two key
elements. First you must have a quality domain, one that doesn't have numbers or
isn't too long. It must be clear and easily recognizable. ".com" is the best,
but even domains such as the ".us" are gaining popularity. The second key is
Marketing, Marketing, Marketing! I can't stress that enough. You have to create
a good reason for someone to buy your domain. How can THEY benefit from it. When
these two steps are fulfilled, a sale is almost guaranteed!
About The Author
Dayne Herren is a domain seller and buyer, web developer, and artist.
Professional Domain Name Appraisals
http://www.appraisalblast.com |
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