Cash in on the Domain Name Sale Boom

Domain name sales have made the news recently as several owners sold their domains for over $600,000. You don’t have to be a professional to cash in on the domain name sale boom, but it does help to have an idea on how to make the most of your chances. Here are some quick tips that will get you started on the right foot.

Domain Name Auctions

One of the easiest ways to pick up and then resale popular domain names is by checking out domain name auction sites. Afternic.com is widely used by beginners and professionals alike, and domains will stay listed until they have sold. You can also use these domain name sites to get ideas for popular domain names you can purchase on your own. You’ll be able to get a sense of the market for specific domains and you’ll also learn what names aren’t selling. You can in turn use these auction services when you’re ready to sell your domain name. Most will take a percentage of the final sales price, so typically, you won’t have to provide any money up front.

Domain Name Appraisal Services

If you already own a domain name that you’d like to sell, your first stop should be a domain name appraisal service. These services will rank your domain against several factors to determine how much it is really worth. In most cases, you’ll get a certificate that you can use later at your auction to prove the worth of the domain. Some of the most widely used domain name appraisal services are GoDaddy.com, DomainMart.com and Sedo.com. These services are fee-based and range on the low side at $9.95 all the way past $49.95 in some cases.

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