How to Make Money Selling Domain Names
Domain Names are not only web addresses, but virtual real estate. They lose value and grow in value, just like homes. Similar to how a beach houses usually sell for high prices because there is only so much area left on the coast, domain names are also more valuable because of this reason. A one-word .com domain name could fetch hundreds of thousands of dollars, because there are no more available, they have all been registered already. In this tutorial, I will explain how to make money by selling domain names, and who to sell them to.
Research The first thing you want to do is to research your domains. It's best to check to see what type of domain sells in which price range. To do this, there are various places on the internet where domain names are sold. Ebay, Sedo, and TDNAM are some of the most popular places. You should also keep in mind that certain keywords are more valuable than others. For example, viagra domain names usually fetch higher sales prices because it's a highly competitive market. There are a number of tools on the internet, including Google's Adwords Keyword Tool, which can help you determine which keywords have high advertiser competition, and which keywords have high search volume. This is assuming that you are registering domain names from scratch that are still available. Another method is to purchase domain names from others that have already been registered, and attempt to sell them for higher prices to other parties.
Register or Purchase Next, you will want to register the names that you want, which are still available. Either that, or purchase the names from somebody else, and have them transfer the name to your account. So choose a registrar, and then either register the domain names from scratch, or check to see what information the seller will need to transfer their domain to your account. Some of the more popular registrars include Godaddy, Moniker, Namecheap, and Dynadot.
Sell the Domain Once you have acquired your domain name, it's time to sell it. You can either sell it to other domain investors, who may eventually resell it to someone else, or you can search out end users. End users are people who will use the domain names for business, instead of reselling them. For example, if you have a domain name that is related to computers, you may try to contact many computer companies and try to sell them the domain name or setup an auction and try to get many of them to bid on it. The best way to do this is to send them a formal email, and let them know that the domain name is for sale or up for auction. Let them know what price you will sell it for, or put it up for auction on any one of the auction sites on the internet. To sell to other domain investors, just list it on the auction sites and if it's a hot name, they will eventually find it and bid on it.
Escrow After somebody purchases your domain name or wins it in an auction, it's time to transfer it to them. Usually, if it's a large amount, sellers and buyers will agree on an escrow service. There is many different escrow services available online. Some domain name markets offer an escrow service with their auction services, such as Sedo. If it's a small amount, then an escrow service may not be necessary. I've sold many domain names in the $50 to $300 range, and never used escrow for this. Paypal was sufficient enough when I sold them through Ebay.
Transfer Once an escrow service is established, if necessary, it's time to transfer the domain name to them. So ask them to provide you with the information you need to transfer it to their account at their registrar. The information needed may vary, but it's usually a customer account number, an email, and possibly the name and address of the person. At Godaddy, for example, once you begin the transfer process and enter the customer's account number and email, they will receive an email that notifies them of the transfer. They will then be required to log in to their account and accept the transfer in order for the transfer process to be completed.
comments powered by Disqus