| So you your parking a
few domains but instead of waiting for the monthly money come in
you need some more cash for say rent, your thousands of
girlfriends or maybe just so you can grow your domain business.
So you decide to enter the fantastic world of reselling domain
names. The concept is fairly basic you are betting that
you can find solid domain names and register them and then
resell them to other domainers because the names are that good.
To be honest a large percentage of the current domaining sales
are reselling sales with a few high profile end user sales and a
lot of low profile, low dollar end user sales.
What to Look For When Reselling Domain Names
There are several areas to
watch out for when reselling domains, first it has to be a solid
domain name. You are selling to people who may have been
in the business for almost 20 years okay probably only 15 years
but in dog years that's 105 years and domaining is a dog eat dog
world (ouch that was bad). So you may get lucky and find
someone who just started that will buy a worthless domain, but
the reality is it won't happen often as most people knew to
domaining are timid to buy domains from forums and even the main
sites like Sedo.com,
Moniker.com,
Afternic.com, etc..
The second area to keep in mind
for domain name reselling is that your domain will sell at a
discount compared to selling to an end user. Usually at
least a 20%-30% discount and that's with a solid, generic name.
If your talking about so called brandable names (names that
sound good but would need money spent to "brand" the name) the
discount could be as much as 80%. Of course the more
statistics of views, click thru's, and income levels you provide
for the domain the better the price you should receive.
That's assuming that it has any of those, but we'll talk more
about that in the
Selling
Domains section.
The last area is the amount of
time your willing to spend on reselling the domain.
Usually reselling is a lot quicker than end user selling.
All you have to do is post the domain on an auction site, in
domain forums, or e-mail other sites that are similar to yours.
Of course you are trading money for time.
Advice on How to Make Money
Reselling Domains
In order to thrive in reselling
we highly recommend you do as much networking as possible.
Your goal should be to put together a list of people who would
be interested in possibly buying your domains. You can do
this by engaging in any of the great domain forums, we love
DomainState.com, but
also check out NamePros.com
and DNForum.com for more
check out the
resource section. Another method is to keep track of the
wanted sections on forums and find out who is looking for what
type of domains so that when you register some gems in that area
you know who to go to. Here's an example of a Wanted
section at
DomainState.com's forum.
Another area to network is at
all the conferences and live auctions that are growing more each
year. Meeting someone face to face can really speed up the
networking process considerably. Check out the
Resources section for a list of upcoming conferences and
live auctions.
So I don't repeat information I
suggest you read through the
Good Domain Name
and
Type In Traffic sections for how to choose good domain
names.
Try Some of the links below for additional
articles on choosing a good domain name. |
