If you’re searching for the best way to sell a domain name fast online, I can guarantee you are in the right place. As you may already know, a domain name and/or website are digital assets which you can reasonably attach a lot of value to.
So, if you’ve a good and valuable domain name to sell to an
end-user or reseller, I can assure you that the steps outlined and discussed in
this blog post will help you to flip your domain name sooner rather than later.
The first questions which you’ve to ask and answer yourself
are:
- Do I have a valuable domain name that someone else will be willing to part with a tidy sum of money to buy it at an arm’s length transaction?
- Does my domain name have perceived goodwill or intrinsic value (i.e. age of the domain, backlink profile, shortness of domain, etc) that will attract hordes of potential buyers?
- Is the domain name having commercial or generic keyword or keyword phrase in it that is specific to a popular product, service, or location?
If your answers to the above questions are in the
affirmative, the best way to sell a domain name fast on the internet will become
a cinch. Also, the shorter a domain is, the more valuable it is. Besides, if
it’s free of misspelling error, the better the chances of selling your web URL
at a higher amount.
Let’s work with an example. Facebook (now Meta) started with
TheFacebook.com and transitioned to Facebook.com after acquiring it for
$200,000 in 2005. But in order to get a shorter domain name and be able to separate
internal employees matters from Facebook’s day-to-day business activities, Meta
went on to acquire FB.com for a record $8.5 million in 2010 according to this source.
As you can see from the above example, it started with eleven-character
domain name and then went on to buy an eight-character domain and finally wrapped
it up with only two-character name. Buying and selling domain names that are
short and brandable are money spinners; but you’ve to invest premium amount of
money to get it if it’s even available for acquisition.
So, the first best way to sell a domain name is to research
potential end-users who are currently using the keywords in your domain in your
target niche market but own the longer version or variant of yours.
For example, if you owned Facebook.com then and Meta is
using TheFacebook.com, you could have approached them for negotiation and possible
sale. Obviously, they will listen to you if you are not infringing on their
trademark rights.
However, a domain name that is housing high-quality content
website and consistently generating net monthly income with low maintenance
cost will command higher sales value. The second-best way to sell a domain name
is to make it profitable as a business for a buyer to acquire.
Some of the sources of income you should consider for your
domain monetization will include revenue from domain parking, ad networks,
display adverts if it is an active website or blog, email subscribers’ list,
just to mention a few.
From my personal experience, the best way to sell a domain
name fast online is to buy expired domain name with intrinsic values which I
mentioned earlier and then go ahead to list premium marketplaces such as
Atom.com, Afternic.com, Spaceship.com, Sedo.com, Sav.com, Dynadot.com, and so
on.
Before You Buy or Register a Domain Name
Starting domain flipping business from a place of knowledge
and understanding is paramount to your success. Before you buy or register a domain name to flip or keep, make every effort to research at least five
potential buyers whom you can contact and sell to.
It could be startup founders, existing business owners who
want to brand and stand out in their industry, or domain investors who are
willing to buy and hold a premium domain name for years before the right buyer
knocks at the door.
You can make use of Google.com or email finder tools to
discover potential buyers’ email addresses for your cold outreach. This is
known as outbound marketing instead of waiting for an inbound offer which may
never come.
In my domain flipping guide, I will teach, show and tell you
how to make money with domain names as a flipper and/or investor. If you’re
interested in getting a copy of this domain flipping ebook, just shoot me an
email from this link. I’m currently working on it writing the ebook.
Yet, another best way to sell a domain name is to treat it
as a business. This is what I mean. First, register the domain name you wish to
flip if it’s anything valuable to you. But don’t forget to apply the relevant
metrics or characteristics of a good domain name when choosing it.
Secondly, build a website or blog on it. But you’ve to get
web hosting to be able to host your domain name and website files. It’s cheap
with HostGator web hosting and you can
host unlimited domain names if you select the Baby Plan.
As soon as you sign up with a reliable website hosting
company, you’re free to install WordPress blog (i.e. the CMS self-hosted
WordPress blog platform) and tweak it to meet your needs. There are avalanche
of paid and free WordPress themes you can choose from for the aesthetic look of
your site.
What is the most important is to stack load of digital
assets to your domain name such as email list of subscribers, licenses, stellar
and unique content, low-maintenance cost, net monthly revenue, etc. However,
you need requisite experience, time and work to be able to execute these tasks
effectively.
Researching comparable sales of similar domain names in the past will enable you to have a ballpark figure of what to sell your domain name. Don’t overprice or underprice yourself and you must hone negotiation skills to be able to outdo potential buyers who may think you are desperate to sell.
I have sold a domain name for $500 to the buyer who initially offered $50 to me as his best price. If you ask me, domain flipping and investing is one of the best side hustles online any aspiring entrepreneur can get started today. Just take the time to learn the ropes and you’re good to hit the ground running.