How to list domain names for sale
You purchased a domain name with the intent to start a website. However, over time you lost interest and never used the domain. Now, you are looking for quick ways to sell it and earn a profit. Does this situation sound familiar? If yes, this post is designed especially for you.
Steps to List Domain Name for Sale
Listing your domain name for sale can be intimidating, especially if it’s your first attempt. Let’s take a quick look at how you can accomplish this goal.
Determine the Domain Name Value
Before you list your domain name for sale, determine its value. Its influenced by numerous factors, including its relevance to a specific industry, length, age, and overall popularity.
You can use online tools to find out the rough value of your domain name, such as Sedo’s Domain Appraisal Tool. For a more accurate value, you can hire a professional appraiser. They will consider all the relevant factors and provide a comprehensive appraisal report.
Set a Price
After determining the domain name value, it’s time to decide on a price. You can either set a fixed price or opt for an auction-style listing. In an auction-style listing, you must set a starting bid and a reserve price. It is the minimum price you are willing to sell your domain name.
Decide On a Selling Platform
Now that you have determined the value of your domain name and set a price, it’s time to decide on the platform where you would like to sell it. You can take different approaches to finding a buyer for your domain. Some of the popular sites are:
- GoDaddy Auctions
Prepare and Optimise Domain Listing
Now, it’s time to create your domain listing. One of the common approaches the seller takes is to upload the URL and consider their job done. However, you can maximize your chances of selling the domain by preparing a listing. Important points to highlight are:
- Existing traffic on your domain
- Considerable age of your domain
- Any existing authority in your domain
When you highlight the potential and current value of the domain, you can justify the price and make it more attractive to buyers.
You should also include a detailed domain description, relevant keywords, and potential uses. You can also optimize your domain listing by including high-quality images and revenue statistics.
Promote Domain Listing
Your job doesn’t end with listing your domain name for sale. To improve your odds of making a sale, you should also promote it. Share it on your social media pages, publicize it on relevant websites, and reach out to potential buyers directly. You can also utilize email marketing to connect with your potential buyer.
Patience is the Key
Selling a domain name at a profitable price can take time. Thus, you must be patient. You might receive offers that are lower than the asking price. However, you must consider each offer carefully. You can negotiate with the potential buyer for a mutually acceptable price.
Transfer the Domain Name
Once you and a potential buyer settle on a price, closing the deal is next. Transfer the domain name to the buyer and accept payment. You will be required to follow the instructions provided by the registrar. Typically, this process involves unlocking the domain name, acquiring the authorization code, and initiating the transfer process. Using a secure payment method, such as Escrow.com, is recommended to protect yourself and the buyer.
Listing your domain name for sale is an excellent way to access extra income, especially if you have an extensive collection. Follow the steps shared above to enjoy a hassle-free process.