Domain names are the key or primary criteria to have an online website but this guide is to explain how to sell domain name for the best price.
Domain name is like the identity of any website and people are struggling to get the right domain name.
If you have already purchased or parked that most demanded domain somewhere earlier then in this guide I will tell you how to sell domain name for the best price.
It will surprise you that a domain purchased for few bucks like 4-5$ can make around millions of dollar while selling to the right person.
It is the best things to buy and sell for profit overnight.
If you are in search of finding the right domain to sell to the right person on the right platform for a high price then this guide is going to be an ultimate source of information.
Here we will discuss GoDaddy Auction, Sedo domain sell platform, Free promotion and much more info which solve all your doubts on how to sell domain name?
First will discuss the need to sell a domain name.
Reason to Sell Domain Name?
This time domain name is like online property, which you reserve for the right time to sell, the same as you do with the physical properties which you purchase and reserve for future price growth.
If you are holding top-level domain like .com and .net but most preferable is .com then you can have chances to become the millionaire overnight, but how?
It is possible through an online business call to sell domain name online, find below are few high values sold domain name listed in Wikipedia.
If you will find the above list, then you will surprise how one-word keyword domain got sold for millions of dollar.
If you can book few like above then overnight you can be the millionaire and that is what I will explain in this guide.
I hope you got a reason to sell the domain. Now will explain how to find the right domain idea and where to sell that.
How to Find Million Dollar Domain Idea?
This time we are purchasing the domain with an intention to sell this later or right now. To do so make sure to have below points into consideration.
- Purchase .com domain which sells faster than country or region-specific domain.
- Make sure to have a domain name easy to remember and max 10-15 character.
- Chose a domain name which is based on keyword.
- Find out domain name which is easy to brandable.
- Try to grab 3 letter domain name, which is shortening any big brand name.
- If possible grab any celebrity name or upcoming possible future celebrity name.
Above are my suggestions to care while selecting a domain name from below listed process.
Now let say you want to purchase a domain name related to the keyword “buy” which is a high-value demanded keyword.
Go to a website called LeanDominSearch.
Search for your seed keyword like “Buy” and hit enter, it will list all the possible combination of available .com domain name and you will come out with new ideas.
If you click to any of the listed domain it will give you an idea of whether that.com domain is available or not.
I tried with “AlpineBuy.com” and a new window popup which explains that yes domain is available to buy.
This is how I search for the right available domain idea, you can place a filter for a way you are expecting.
Now, this time is to buy Domain Name.
How to Buy Domain Name?
I can assume that you are well aware of how to buy a domain name, but let me brief a few things before you chose any registrar to reserve your domain.
Every Domain registrar has a different fee structure and below suggested are top listed domain registrar.
Make sure to join that registrar which is open to connect with any domain selling platform and support their premium promotion programs.
Below are my highlights for a domain purchased from the different registrar.
GoDaddy – Most famous and trusted platform and having GoDaddy Auction platform to buy sell domains but does not support SedoMLS premium domain sell the program.
Sedo is among the popular choice to sell the domain name hence more buyers.
GoDaddy charges a lot for a new purchase or renewal of existing domain names.
NameCheap – Best and among the trusted domain registrar which offers a domain for around 5-6$ and renewal fee is even very less.
Dynadot – It is among the popular Domain registrar which is a registered partner of Sedo MLS premium program.
Hence, it offers you more exposure to sell domain quickly on Sedo and my almost 25% domain are hosted with DynaDot.
Bluehost – This is another popular domain registrar which offer domain names to purchase but Bluehost is well known for Web hosting.
So they offer a free domain with any web hosting you purchase.
HostGator – Another popular domain registrar which is well known for web hosting but offer free domain name with each hosting you purchase.
In Summary, there is the number of domain registrar but my suggestions are to chose from GoDaddy, Dynadot which has all for your quick sell to the domain.
Now I can assume that you have purchased one .com domain. This time is to sell that domain on the right platform.
How to Sell Domain Name?
To sell a domain name, you need a platform where people with the common interest come and search for your domain name.
If they are planning to start a company or looking for a specific brand name than they come to these registrars and search for the same domain.
If that searched domain is with you then they place an offer for you to sell the domain.
Here the prime thing is to search platform and place the appropriate selling cost of your domain.
Placing a relevant amount of bid will increase chances to sell a domain very fast.
To know the best price of your reserver domain goes to the “Domain Appraisal” platform of GoDaddy.
Based on keyword, past sells, demands, and current trading history it will suggest you an estimated price.
Check to this link on Domain Appraisal. Now enter your domain name, in our case, I entered “AlpineBuy.com”.
It says that you can sell an average price of 1500$ for this domain and will show you the past sold domain price with the same keyword.
But here Domain name is your property and it will be your decision for how much price you want to sell it.
Great, Now before to sell domain name we have an estimated price ready.
To sell a domain, there are few platforms which I recommend the most trusted and high-value traffic platforms.
- GoDaddy Auction
How to Sell Domain name on GoDaddy Auction?
GoDaddy Auction is the place where you can list your domain for sale in two ways.
- Premium listing
- Godaddy Auction.
Let say you do not want to participate in Auction and just want to list your domain for sale so you can set a specific price for the domain.
That price will display if any person explicitly searches for your domain in GoDaddy Search list.
Here I have listed one domain call “noveltygalley.com” as a premium listing.
If anyone searches for that domain, it will show that domain is taken but ready to sell for the specified price.
You can click to buy now and complete your process of buying this domain and all transfer with payment and domain names will be handled by GoDaddy.
Easy simple, clear and transparent.
To premium list, your domain follows the process.
- Log in to your GoDaddy Account.
- Go to Domain Management section.
- Chose “Premium Listing” under Buy & Sell.
- Set define price for your domain name.
You are done, your domain with “Buy now” price is set to sell as premium listing and will be displayed as above.
But to list domain, your domain name must be registered with GoDaddy.But for every successful trade will cost a few commission which GoDaddy charge you after the sell.
After successful registration, the domain will be active in the next 2-3 business days but ideally, in just 5-10 minute it will be active.
Now coming to the next point what if you want to push your domain for Auction.
The premium listing will display an offer for the fixed price, if the user interested he will click to buy now and done with the purchase order.
But what if you want to participate in an auction which gives freedom and wide exposure to list domain in front of the potential buyer.
To take participate in GoDaddy auction, you have to take 1-year membership for GoDaddy Auction. Which cost around 4.99$/Yr and allow you below things.
- Accept an offer from the potential buyer and give a counter offer to them
- You can set a buy now price and finish domain sell instantly.
- Any moment you can start 7-day auction for free.
GoDaddy charge fee for every successful sell in Auction, but it won’t charge any extra fee if you buy the domain from Auction.
To list a domain for sale follows the below steps.
- Log in to GoDaddy auction and select “List a domain” under “selling list” Option.
- The new window will open will ask you to enter a domain name and chose type of listing you want to do. Enter Domain Name as “AlpineBuy” select type of domain extension let say .com, enter the same domain in next field and chose one of the listed options.
Offer/Counter Offer – Buyer can place the bid for a listed domain and you can respond with the counter offer and once you agree can sell that domain.
Offer/Counter Offer with Buy Now – This has freedom if the buyer is ready can buy directly else you can have an offer – counter offer till you both agree on the final price.
Buy Now Only – Ready to sell fix price no bargaining.
7-Day Auction Listing – You domain will be listed for 7 days in the auction, where interested people will place bid and auction last for 7 days.
While selecting the Listing type, will advise you to chose Offer/Counter Offer with Buy Now where your domain will be listed for 90 Days.
Now if you will go down to listing screen there are few more detail required.
You can pay extra 20$ (13.99£) to feature list your domain which will be displayed on the homepage of GoDaddy.
If you plan to go for 7 Day auction, advice to tick for additional min price set for 4.99$(3.99£) will allow you to set domain sold only if the bid match min price set, else it won’t.
So if you run 7-day auction without taking this min price service then you have to sold domain at any cost, whatever will be your existing bid.
Simply accept terms and condition and finish listing your domain will be available in GoDaddy auction.
In the above image, if you paid for extra featured listing will be in the list of top most domain “featured domain”.
Rest all 90 days listed domain which is not pushed in the 7-day auction will be listed under selling list.
It will display here and you can check if you got any bid for this domain or not, can also search in GoDaddy Auction search.
Here you can check the same history with the latest bid, views and all required details.
This is a simple and easy process to sell domain through GoDaddy.
GoDaddy support only .com domain, so what if you have .in,.co.uk,.us, then the best option is Sedo.
How to sell Domain Name on Sedo?
Yes Sedo is among the popular choice of domain buyer and seller it is a platform for Domain parking, domain buys and domain sells.
My experience with Sedo is far better than GoDaddy and Sedo is the most trusted platform.
Sedo won’t charge you single rupee to park or sell your domain.
Do you know domain parking with Sedo is Free and in return Sedo will make money for your parked domain how? Check this Guide.
To sell your domain on Sedo. First, sign up with Sedo.
Once you login, then the first job you have to do is to register your domain with Sedo, that means Sedo will park your domain.
Now, three steps process will start.
- First, enter your domain name which you want to sell, as seen above.
- Enter your price for which you are agreeing to sell your domain. Set price for which you want to sell let say 5000$ then in price option chose Buy Now or Make Offer, if you chose to “Make offer” than in Min Offer you can set min price else chose to “Buy Now” and Min offer will be grayed out than at last chose domain.
- The third step will be to chose your domain registrar with which this domain is registered.
- Finish the adding of Domain and now update the name server of Sedo with your domain registrar and you are done with adding or listing for sale.
Now it will take around max 24 hours to apply changes but ideally, it happens in max 10-15 minute.
Your domain is now parked with Sedo, where Sedo will advertise add on your live domain and you will make ad revenue until you won’t get any right seller.
To register your domain with Sedo Sell, click to “Domain management” your domain will be listed there in the active market.
There is an option called “Activate SedoMLS Premium”, where Sedo will promote your Domain to 600+ partner registrar for sale.
The best part is SedoMLS Premium service is free to all, the only condition is your domain must be with its existing partner registered and Dynadot is one of them.
Out of above-listed registrar, the cheapest registrar is Dynadot, that is why I suggested buying Domain from Dynadot. Do signup right now.
Now click to your domain and hit “Activate SedoMLS Premium” option and your domain is live to sell buy it will be in buy now option as explained earlier.
Sedo also held an auction to sell the domain, learn detail from here, but Let me brief here.
Direct Auction – Here you would have to pay 59 USD to list domain and start auction any time you want, you can set your own price and Sedo will feature your domain on the home page.
Marketplace Auction – This is the normal auction where you can register your domain for make offer then whenever you will get first bid your domain will push into actual auction by setting min price as the first bid, so this is guaranteed sale auction.
GreatDomain/Themed Auction – Sedo team will select out of applied domain for GreatDomain auction or themed auction, and those domains will be free featured by Sedo on bi-monthly auctions.
To get your reserve space on Sedo home page you can go for additional feature listing which cost you few bucks can check from here.
This above promotional offers will increase your chances to sell domain fast.
This is all about, how you can sell your domain on two best platforms and you can make a lot of money by selling a domain.
Conclusion on Sell Domain Name
This business is among the popular choice of large investors where you have to identify the right domain and the right person to sell.
Make sure to find out estimate price for your domain and do register with right place, I suggest go for Sedo or GoDaddy.
Make sure to buy Domain name from Dynadot or above-listed registrar if you want to take advantage of SedoMLS Premium program for free.
To participate in the featured listing is your call if you are confident enough with the quality of domain than you can go for that.
This is the end of the ultimate guide on how to sell the domain name, let me share your reading experience and join our Facebook Group.
Let me share your comment, how you found this business and is this information helpful?