and Tricks To Making BIG Money by Selling Domain Names
Tips and Tricks To Making BIG Money by Selling Domain Names
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
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
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
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
Do YOU want to find
out if your domain name is worth THOUSANDS of dollars? It's easy,
just visit: http://www.appraisalblast.com