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Think you can't make money selling domains? I did too, until someone offered me $425 today

Discussion in 'Domain Names & Parking' started by webhosting, Dec 22, 2014.

  1. webhosting

    webhosting Regular Member

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    I recently started buying domains that were either pre-release, pending-delete, or from sellers offering short domains with several years on them. Before buying I try to get the domain appraised at as many places as possible. Yes - appraisals are not exact, but they do help give you an idea of what to list a domain for. I try to sell domains that I would buy. For example, I do a lot of cinema/video work so I tend to buy those type of domains. From there I list domains on Sedo, Afternic, and DomHub. This $425 offer came from DomHub. Keep in mind that Afternic lists on multiple sites so it could have been because of that too.

    Obviously I'm no pro at this, but this is my journey so far. Feel free to ask questions and comment. This type of business can be really slow, but it's great making a profit 50x what you paid for a domain. Good luck and I hope my journey can be of help for your business!
     
  2. yazo80s

    yazo80s Junior Member

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    Congrats on your sale. :)

    Question what do you normally buy the domain for? And how do you find them? And do you have to pay to get them listed?

    thx
     
  3. webhosting

    webhosting Regular Member

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    Thank you!

    I buy the domains in order to sell them. Every now and then I'll keep one if it might help drive traffic to my video production company.

    As far as finding the domains, I use Protrada, DropList, and Estibot.

    I never pay to have a domain listed. I've never had any luck with that. Sedo, Afternic, and DomHub are all free to list and charge a percentage when you sell.

    Hope that helps!
     
  4. JohnDoesia

    JohnDoesia Registered Member

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    OP good idea, keep at it and good luck!
     
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  5. Jet Black

    Jet Black Registered Member

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    Congrats, and hope you will see more sales soon!!

    You mentioned that you get the domains appraised at as many places as possible to get a general idea of the domain value. Would you mind sharing some more about where you got the appraised?
     
  6. webhosting

    webhosting Regular Member

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    Thank you!

    Sure, I use Estibot, Godaddy, Flippa, and Website Outlook.
     
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  7. twerpygeek

    twerpygeek Junior Member

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    Congrats mate. I'm also on the same journey
     
  8. webhosting

    webhosting Regular Member

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    Thought I would update this thread. I recently sold a domain name through Godaddy. It was a closeout that I acquired about 2 months ago. The domain was targeted to a specific location and business type. It sold for more than 30x the amount I paid. Just thought I would share. If you're purchasing a pre-release or closeout, it doesn't hurt to look at domains with city names like nydentist or lalawyer etc.
     
  9. mistodin

    mistodin Newbie

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    I'm curious to know how you detect if a domain is 'trendy and sellable'

    There are two sides in my question

    a) What tool do you use to dig through a large number of records (auctions, pending delete...)

    b) what criteria do you use to decide if a domain is worthwhile to buy

    (I am not talking about the obvious evergreen domains such as nydentist.com, LLLL.com, singleword domains...)
     
  10. ibrahimbrtawi

    ibrahimbrtawi Registered Member

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    Congrats Bro , Now scale it up
     
  11. webhosting

    webhosting Regular Member

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    a) Freshdrop.com is the tool I like best. I tend to target pre-releases and Godaddy Closeouts. Pre-releases and Godaddy Closeouts allow the domain to keep its age after you've won.

    b) I tend to search for domains that are .com only, pre-release or Godaddy Closeout only, and have been registered for more than a year or two or more. In theory, if someone has had a domain for more than 3-5 years, they'd be pretty upset to learn that they lost it and would likely pay you a lot of money for it. This was the case in my most recent sale. I like domains that are business oriented. For example, if you type in your hometown/city on Freshdrop, you're likely to find a bunch of pre-releases ("yourcity"cars.com "yourcity"autorepair.com and more) I tend to see a bunch of car dealerships in my city keyword at the moment.

    These are just some of my approaches to buying and selling domains. Feel free to apply your own technique to this. Good luck!
     
  12. sikandar

    sikandar Senior Member

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    Do you add content, backlinks. social signals to the domain you acquire to increase its DA, MozRank etc = before trying to put the domain on auction?
     
  13. webhosting

    webhosting Regular Member

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    I typically don't attempt to develop the domains before I sell them. I'd rather not make a website with content as it could deter some buyers. Although either route you choose, you can make money. I'm not saying that adding content and backlinks doesn't work, just that I've had better success with good names versus developed websites.
     
  14. M Wido

    M Wido Newbie

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    This is a great idea. Will do it latter. Thanks