DR. Domain Sales

Selling of Domains is one of the most profitable way of earning money online. In DN Journal 2009 it was listed that the domain Candy.com sold for a cool $3million! How to sell domain names then? Here are some tips for you to note.

Tip #1: Get your domain appraised.

It is important for you to get your domain name appraised. With an appraisal, you will know its estimated value based on the age of the domain, website ranking, and number of back links.  Other information, such as the number of visitors and page views, are also important information for potential buyers of your domain.  Godaddy and Sedo are established sites that do fair appraisals on your domain and would be able to provide all the stats that buyers will be looking at.

Tip #2: Choose your sales platform.

There are two main ways of selling your domain. You can either do it independently or through a broker. If you decide to sell your domain name independently you would need to set up an active site and spend time marketing the domain name. If the site is already very popular, it would be easy to get a potential buyer, as he or she is able to see the potential of the site. Its future worth can be factored into the sale price for the domain.

Going with the broker would be an easier option. For a commission, you just have to list your site and the broker will do the matching with potential buyers for you.

Tip #3: Know your buyer

There are two main types of buyers, end users and resellers. End users may be individuals or companies who will be using the domain to build up their own sites. Resellers, on the other hand, are more interested in the flipping of domains for a quick buck. Knowing who you are selling to will help in setting the selling price for your domain.