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. 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!
Category : Traffic Generation
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