So, you’re thinking about how to start a domain selling business? It’s like a modern-day gold rush for domain investing, but instead of pickaxes, your tools are keyword planners and domain appraisal tools.
This guide will take you through the critical steps of building a domain portfolio and generating money online.
There’s money to be made selling domain names. Every website needs one. With countless businesses online, the demand for a quality domain is high, making now the perfect time to learn how to start a domain selling business.
How to Start a Domain Selling Business: A Step-by-Step Guide
1. Finding Valuable Domains
First, find the right domains. Don’t just grab any name; look for digital assets others will want. Consider short, memorable names, keyword-rich domains related to current Google Trends, and popular extensions like .com.
Look at current trends to find lucrative domain names worth investing in. What industries are growing?
What products or services are gaining traction? Secure domains related to these areas, especially top-level domains (TLDs).
Use Google’s Keyword Planner to research high demand keywords and domain name ideas. This tool offers insights into search trends and keyword popularity to help determine which premium domain names to pursue.
2. Pricing Your Domains
Next, determine the worth of your domains when considering how to start a domain selling business.
Domain valuation is subjective. Researching similar domain sales helps.
NameBio provides a searchable database of past domain sales, revealing what comparable domains have sold for.
Consider domain extensions like .com vs .net, as demand and valuations differ. Some expensive domain names have commanded impressive sales figures.
Several domain appraisal tools are also available to help you accurately evaluate your domains. Using a combination of research and appraisal tools ensures accurate pricing.
Understanding domain pricing and the factors that contribute to expensive domain names is critical to this process.
Domain Extension | General Value |
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.com | High |
.net | Medium |
.org | Medium-Low |
New gTLDs (e.g., .xyz) | Generally Lower |
3. Choosing the Right Platform
With domains acquired and prices set, choose where to sell. Several platforms facilitate domain sales, each catering to various needs involved in flipping domains.
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Domain Marketplaces: These are essentially eBay for domains. Platforms like Sedo and Afternic connect you with a vast audience of buyers, streamlining domain transfer and simplifying domain listing.
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Auction Sites: Flippa and GoDaddy Auctions host bidding wars for domains. This drives up the price, particularly for in-demand names, some of which could potentially make it to the expensive domain names list.
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Be aware that premium domain names on certain websites can range in value.
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Brokerage Services: For high-value domain names, use a domain broker. Brokers connect sellers with serious buyers and manage the complexities of high-stakes transactions.
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This service helps domain resellers sell domains faster and possibly at a higher price, as the domain broker leverages existing networks and clients looking to expand their domain portfolios.
4. Marketing Your Domains
Marketing your domains is crucial when figuring out how to start a domain selling business. Create dedicated landing pages for your top domains, even without hosting.
These act as mini-billboards, showcasing important details like the domain name and pricing. Highlight the potential value based on keyword research and monthly search volume.
Target those looking for domain names worth investing in by providing valuable market data and comparisons.
Engage in domain parking. By monetizing parked domains through targeted advertising, you can generate passive income while awaiting a sale.
Optimize domain listings on various marketplaces. Provide comprehensive descriptions and utilize relevant keywords to attract potential buyers within the domain marketplace.
Use domain appraisal tools to set realistic prices and consider utilizing auction sites for high-value domains to potentially fetch a higher price.
Consider adding a blog section about selling domain names, domain flipping, domain pricing, domain transfer, how to buy and sell domain names, and promoting the practice of exploring whether buying a domain is worth investing in for personal branding, business expansion, or speculative purposes.
Explore selling domain names on various auction sites and provide tutorials for those just learning about selling domains and those just beginning their venture in how to start a domain selling business.
5. Securing the Deal
Once a buyer is found, secure the transaction. Use escrow services like Escrow.com. Escrow protects both buyer and seller by holding funds until the domain transfer is complete.
When transferring a domain, use a reputable domain registrar to maintain domain authority. Clearly outline the process, ensuring transparency for a smooth transfer.
Ensure you have the proper reseller account setup with a financial institution, and a dedicated bank account. A dedicated account can simplify financial management of selling domains as the funds come in.
Conclusion
Starting a domain selling business offers multiple paths to success. Whether you focus on expired domains, premium domain names, or flipping domains, finding your niche is important.
Building this business takes time and effort. It requires dedication, learning, patience, and strategic choices to maximize profits. Registering a domain and selling it effectively involves buying and selling domain names strategically.
Successfully navigating the domain market involves continuous learning. Understanding what domain names worth investing in are is essential.
Mastering domain appraisal and leveraging the right domain marketplaces are vital steps for those seeking more than just information when hoping to know about how to start a domain selling business and wanting to generate substantial revenue.