How to Buy and Sell Domain Names Online

There are several ways to make money selling domain names but the most common is to buy domains and then resell them for a profit. If you are just starting out or even if you’ve been buying and selling domains for years the one thing you need to know how to do is market your domains.

Millions of great domain names are still available for sale or can easily be acquired for a price below market value. Most domain names start out at prices below $5 and go as high as several million dollars. So the only way to truly put value in a name is to find a buyer who is willing to pay top dollar for a name they want or need.

Finding the right buyer is hard but can be achieved by putting ads in the right places. Some of the best places to sell domain names are Sedo, Afternic, Godaddy (TDNAM), Network Solutions, and eBay. These different domain selling sites vary drastically but if you want to get top dollar for a domain name the best thing to do is to utilize all of them. If you own multiple domain names then you might try using several different domain selling services and see which ones see the best results.

Buying domain names is the hard part of this whole task. Try finding domain names that already have traffic going to them, either by misspellings or typos. An example is the domain Godsaddy.com, which is the misspelled version of Godaddy.com with an extra “s” after the “d”. Many people type this in their address bar and automatically create a steady flow of traffic that is hard to stop. That is why most popular typos and misspellings are bought up by large corporations. This also includes the (s) plural versions and .net, .org, .info, extensions. Having these different addresses tied up means that no matter what someone types or searches for they will still go to the site that they are intending to go to and not an affiliate / pay per click site. Your job is to get one of these domains and either resell it for a profit or make money of the traffic by owning the domain.

Pricing domain names you own and are trying to resell can be done by looking up similar names that sold on any of the domain selling sites. Try to price your domain at or below the average. Anything too high will likely never sell and anything too low you will also wish you would have asked for more. If you can’t find a comparable then appraise it based on what you think a company / individual would pay to have that as their website name.

Making money off a domain with traffic means that you redirect it through either affiliate linking codes or sign up for a pay per click domain parking program. That means each time someone visits the domain / website and clicks on a link you will get a percentage of the revenue — or if you are promoting affiliates you will make a commission each time someone buys or signs up through your domain.

Make selling domain names a business by creating your own eBay store where you can sell the domains, or setup your own website and list the names at your leisure. Mass email potential buyers or pay to have your domains listed on domain selling sites auctions and featured sections. All of these will actions are already being done by many successful domain name business owners and although the market is flooded by tons of experienced buyers and sellers you too can get a piece of the pie if you stay dedicated to the process and follow this process over and over again.

DO’S & DON’TS
Don’t be afraid price a domain in the hundreds or thousands of dollars if it has extreme potential. If it doesn’t sell right away be patient and reduce the price a tad. Don’t cut all the profit out right away you typically have a few months before having to renew it and all you really need to worry about is doubling your initial investment.

Never mislead a buyer or trick them about a domain name. If you own the name g00gle.com that’s not the same as google.com — always alert the buyer that the domain has 0 (the number zero) when the name they really want probably has o’s (the letter “o”).

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