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Domain Selling Help?

Discussion in 'Making Money' started by Haydon, Mar 20, 2012.

  1. Haydon

    Haydon Junior Member

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    Hey Everyone

    So i posted yesterday about domains and if there was a good business in domain names...
    Now I want to know a bit more, because it has tickled my fancy ( as my teacher used to say )
    I am interested in buying domain names:
    Single words eg- apple, puma, google

    and longer words eg askmen, cookingshow etc...

    What I want to know, is once i have bought a domain, say with GoDaddy...
    How would I sell it?
    Where are sites that I can sell, and is there anything that I need to know...

    Say I have found a really good domain that no one has got - what sort of prices can i set it at?
    Thanks:)
     
  2. laowai

    laowai Power Member

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    Chance that you would find a really good domain name that is free and someone would be interested to buy is very low. I'm quite sure that you would just loose your money with domain business.

    I would suggest to consider site flipping instead of domain flipping as that's much easier to start and doesn't require that much experience.
     
  3. Haydon

    Haydon Junior Member

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    hmmm... alright..
    but for selling - do you have to pay to list or something?
     
  4. ajithrocksca

    ajithrocksca Jr. VIP Jr. VIP Premium Member

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    domain flipping is like share trading, website flipping is like real estate development. While only planning and marketing is involved in domain flipping. whereas you need to put in a lot of efforts for site flipping. if have deep pockets then get in to domain trading, else go for website trading. You can sell you domains in flippa, sedo and many other sites, and you can sell your sites in flippa
     
  5. Haydon

    Haydon Junior Member

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    Perfect explanation thanks:)
    I am going to try my luck in domain selling...
    firstly - are there any free listing for me to sell my domain?
    I dont wanna have to pay to sell or something:)

    or is that not how life is anymore?:D
    Nothhings for free unless you are with BHW

    :D
     
  6. agente808

    agente808 Regular Member

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    what you want to do is called "domaining" - you should look for it on google, then look for the big websites / forums / etc that deal with that topic.

    Personally, I would say you are NOT ready to start - you don't know anything about what you are getting into and it looks like you are about to lose a lot of money.

    As laowai tryed to point out to you: It is extremely unlikely you will find an available domain name with any value.

    Most domainers are looking for qualities besides just a recognizable word: they look for domain age (your new domain would have 0 age), existing backlinks (again, you'd have 0). They also look for traffic and cpc for the words in the domain (this would be your only real shot at making a little money - if you got a domain that was an emd for a really great keyword).

    Finally: if you have to worry about spending $5-15 to sell a domain, you do NOT have the budget to get into domaining. (or was your plan to buy $10 domains and sell them for $20? ;) )

    I hope you do your research before you take the plunge, but best of luck to you anyway.
     
  7. Haydon

    Haydon Junior Member

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    Ahh thanks man I appreciate that!:)
    Someone just needs to be honest with me:D
    I think i get to excited with the fact that I can make cash...

    Actually no lies, today i got an email asking about my domain that i bought 2 days ago!..

    So how do i go about selling it?..
    I gave him my price and now waiting for him to see what he says..

    I read somewhere that if your domain is good, then you are going to get people coming to you..

    SOMEONE came to me?:D
    thats good right?:p


    HELP with betting game?...
     
  8. DarthM

    DarthM Regular Member

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    You can list on Sedo.com for free, although they will take a cut on the final selling price. I've sold a couple of domains on Sedo before. Also, take a look at the domain name sales lists compiled on DNJournal.com, where you can see what domains have sold for what prices (to get an idea). They only list domain sales starting from at least $X,XXX (i.e. four-figures).
     
  9. Haydon

    Haydon Junior Member

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    How much did you make in selling on sedo?
    is it quite a big cut?

    Thanks for this info
     
  10. mrhelpfulguy

    mrhelpfulguy Junior Member

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    I would first try to sell it on ebay.

    Or contact your fellow competitors in your industry, and offer to throw it for sale. When you do decide to pitch the domain name to them, you may want to suggest reasons why your selling it, and what it can do for them.

    List out your alternatives.

    Hope this helps!!
     
  11. DarthM

    DarthM Regular Member

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    I made a few thousand £ from domains, although this was between 2006-2008 when I started IM. Not involved in domaining anymore.

    It looks like Sedo fees have increased since then (it used to be 10%). Now it is 15% with a $50 minimum (or 10% with the same minimum if you use the 'Buy Now' listing). http://www.sedo.com/us/about-us/price-list/
     
  12. Haydon

    Haydon Junior Member

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    Ahh niice!:)
    out of curiosity what were the domains that you sold?
    I am currently auctioning them through godaddy... it is free to list but i am guessing they will take comission..
    It is better than paying for a listing and then not getting any sales...
     
  13. rockz

    rockz Newbie

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    Almost domain owner got email like this.
    Beware of scam!
     
  14. DarthM

    DarthM Regular Member

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    Unfortunately I can't reveal them (part of the condition of sale from the buyers).

    Good luck with your efforts! I agree, unless you have a really premium domain name then it's better not to spend a lot of money on listing. You can also list it for free on popular domain-name forums like DomainState and NamePros.
     
  15. Haydon

    Haydon Junior Member

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    How can they scam me out of this?... Surely they pay me and I wait until i see payment and then I give the domain to them? How does the whole domain swapping work?

    Would a premium name be one word?
    What is a premium type of name?//
    Thanks for that:)
     
  16. DarthM

    DarthM Regular Member

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    Not necessarily.

    There's no exact definition (it can be subjective), but it is generally a domain that can be expected to sell at higher-end prices ($X,XXX and above). Check DNJournal which lists domain sales above four-figures to see what kind of names they have: http://www.dnjournal.com/domainsales.htm

    E.g. VPNServices.com is not a single-word domain but it sold for ?12,000. Or CostumesForHalloween.com which sold for $16,500.
     
  17. Haydon

    Haydon Junior Member

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    Great thanks!:)
    Do you think that there is a certain amount of marketing to be done in order to recieve a high ammount..
    Okay i'll give you one of my domain names - PM'd you...

    I really wanna try and make some money off this
     
  18. dirtbag

    dirtbag Senior Member

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    There's still money to be made in lower level domaining. I've regularly bought and sold dropping domains at profit for years now. After a while you will start to be able to spot the winners and the losers more quickly. You're not going to be getting rich off it, but you can make some alright spare change if you're able to identify value in a domain. It's not overly hard to double your money for some easy pocket change. Do some Google searching like others said, there's much better forums out there dedicated to domaining, with established marketplaces where you'll have better luck flipping your domains as well as learning more about the trade.Being able to sell relies a little on your ability to market the potential of said domains too. If you can offer a domain with a some good selling points at a reasonable price, yyou'll probably do alright. Understand that every domain you buy is not going to sell, and don't be afraid to ditch these domains at some point for whatever money you can recoup out of them. Usually when I have given up on making a sale I will offer them for regfee. this clears a few extras out that I break even on, and After that just throw them up into dollar auctions. Better than just straight losing money on them. If you're new getting into it, don't be surprised if you see yourself buying a lot of shitty domains that don't sell. Everyone goes through that stage. The other option you have if you run into this problem is developing small sites to bring some value to the domains. Build the PR up a bit, get some backlinks and traffic going, then flip them. If you like this route, it can be taken with your better domains to build their potential value even higher too.
     
    Last edited: Mar 23, 2012
  19. maggie1982

    maggie1982 Registered Member

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    I think that domain names have been popular ever since the Internet began. Selling domain names can be great if you have the effective sales strategies for online marketing.
     
  20. Megabass

    Megabass Junior Member

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