Buying a domain name, developing a website and selling it is becoming a rage these days as it lets people to make quick money online
. However, this is only possible if you have a buyer who wants your domain name and is willing to buy it from you. People choose to sell their domain names if they are changing companies or their businesses are changing focus. Acquisitions and mergers can also lead to people wanting to sell their domain names. There are a few things that you need to know if you are selling a domain name:
If you are selling a domain name you already own:
If your domain name contains a keyword, then you need to first invest in a keyword analyzer. This will help you to know what are the keywords that are being searched in the market and it will further enable you to get the value of your keyword. There are a number of free keyword analyzers. But the disadvantage of free analyzers is that they may not be accurate and may only tell you the number of times your keyword has been searched for.
If you are considering getting into the business of selling domain names:
Even if you are entering a business of selling domain names, you will need a keyword analyzer. Names with high value keywords attract more attention and better prices. It always helps to make a list of domain names and extensions because your first choice domain name or extension may already be taken by someone else. You need to choose a domain name that can demand a high price in the market.
The next step is to decide about web hosting. You need to have a website that can generate traffic to your domain name. The more traffic you drive to your website, the better chances of people wanting to buy your domain name.
Determining the value of domain names:
You need to determine the price of your domain name, in order to sell it. One of the ways you can determine the price is by putting up your domain name on a domain auction website and seeing how much people are willing to pay for your domain name. This does not mean you have to sell it to the highest bidder.
Marketing domain names that are for sale can be handled a few different ways.
1.Wait for a potential buyer to inquire about your domain name.
2.Set up a web page with a list of domain names for sale.
3.Research about buying and selling domain names and inquire from other domain name sellers about the business.