Need advice for selling a domain name.

14 years ago

hi, ive had experience with both flippa and ebay, flippa is pretty good, but ebay is the better route to go, just my opinion, because of how reputable of a company they are

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ryangb74

14 years ago

Originally Posted by KimW

I have a domain name that I believe I should be able to sell for close to 4 or 5 figures. I don't even want to sell it but something has come up.

My question is to all of you experienced domain name sellers,what suggestions would you have as for the best place to sell it quickly,for the most money,with the least complications?

I'm mainly aware of Sitepoint and Flippa and EBay.

Any advice and suggestions appreciated.

Kim

You could also try dnforum.com and namepros.com they have "auctions" in the forum, but there aren't the same amount of safeguards as there are on sitepoint or flippa.

Personally, eBay is not the first place I would put a domain up for sale. The people buying domains on ebay are generally not aware of value and significance. Going on ebay and searching for domain sales under "completed listings" should give u an indication of how low domains go for on ebay. Buyers there either want to get something for next to nothing, or they fail to see any perceived value.

Flippa is highly recommended, as the audience is 100% there for domaining and websites, not other random auctions.

Namepros and DNForum are also good, but you would have to setup your own escrow funds etc. if you are a new seller. In general, the people on dnforum and namepros are 100% legit, so you could try it there.

You could try DP, but i find DPers also do not want to spend money on anything. I have tried to sell articles there and barely any bites.

I would start on Flippa(which is sitepoint) personally.

Thanks

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cgcmarketing

14 years ago

Don't forget selling right here in Warrior Forum.

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sbucciarel

Banned 14 years ago

For high price domains, I'd avoid Flippa and Ebay and put it on Sedo.com. You could also list it for free at namepros.com and see if there is any interest.

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Marketstriker

14 years ago

You can try www.sedo.com But it's not a good place if your domain price is less than $300

It generates revenue through a domain parking program, which provides the customer's domain with a Web page containing targeted ad links generated by Google Adwords. Domain owners earn a share of each click on an ad, splitting the revenue with Sedo. There is no cost for the parking service.

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Gene Pimentel

14 years ago

Definitely list it on Sedo.com and on Afternic.com (membership cost). Many high value domains can be sold by simply searching Google for an appropriate end user, and letting them know of its availability.

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Fernando Veloso

14 years ago

Hey Kim

Are you going to sell it a authority site or just the domain name?

I am asking cause I have some TLD's sitting around and want to sell them this year BUT the common advice is to develop a authority site first.

Anyway, good luck on your sale!

Thanks

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KimW

14 years ago

I'm selling the domain name.
Maybe I'm wrong, maybe it isn't one worth a lot.
I have no problem saying what it is.
www.themindreader.com

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jkovats 14 years ago

Not sure what my opinion is worth. I checked GoDaddy a while back regarding Domain Auctions, and I still am not sure if I was surprised or not as to how few Domain's were selling or had sold for $1000 or more. I think out of the 1000+ I glanced at, one may have been 5 figures, and 2 others in 4 figures. The dot com bust was real. I do wish you luck in your endeavours. That is a good domain. I wonder what Miss Cleo is doing for her site?
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sbucciarel

Banned 14 years ago

Just my opinion, but I don't see it getting that kind of money. Go to Namepros to the appraisal thread and see if one of the people there will give you an idea.

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KimW

14 years ago

You could be right, I may be totally offbase about the value.
On another forum I saw someone trying to sell mind-reader.com for $3500,and I think TheMindreader is a better name.

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entry 14 years ago

Selling domain names..

how do the legal issues work out?

the legal contracts, selling from the Seller, to the Buyer....
the worded contract,
and the Namechange,
address change on the domain name?

How does that work out? what is required legally for the transfer,sale of a domain, paperwork etc? forms?
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- domainarama 14 years ago
  
  Nah, no special legal stuff involved. Just agree to sell or buy (you can do this privately or using sedo, ebay or a zillion similar services), go to the registrar site where the domain is located, click a few buttons indicating you want to transfer the domain out of one account into another, and it's done.
  
  If there's a lot of money involved you may want to use an escrow service (google the term).
  
  I've heard of lawyers and contracts involved in domain sales but only in very big money sales. If you've got a seven figure domain get a lawyer ;-)
  
  Thanks
  
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domainarama

14 years ago

Good luck selling it. In my limited experience 'the' reduces the value. Let this board know what you get for the sale. I own mindreader.in (India), which personally I think is way cooler then any .com in the spiritual space. Right now I have the puppy parked. If anyone has development ideas lemme know.

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KimW

14 years ago

I have never heard that before. Has anyone else the experience that having "The" devalues instead of increasing value?

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ryangb74 14 years ago
Originally Posted by KimW

I have never heard that before. Has anyone else the experience that having "The" devalues instead of increasing value?

It is pretty much frowned upon to have a definite article in a domain name(the, a, an) as far as resale value.

The best thing for you to do is read up on domain appraisals at the namepros.com forum and dnforum.com. You'll see that domains with "the" in them are not desirable.

Also, your example of "mind-reader" -- same thing -- a hyphen in a domain name is not desirable as well.

The only thing that will give them any sort of value is:
- Content
- Page Rank and SEO
- Age
- History
- Backlinks
And there's a lot more . . .

But then again, I always say that the value of a domain is in the eye of the prospective buyer. If it is what they want, they'll buy it. What may be insignificant to us, may be desired by another.

Yes, I have some domains with "the" in them, but none I would sell because people tend to avoid them. I only have them for niche sites for SEO purposes, as the search engines tend to skip over the definite articles in a domain name.

It's just one of the rules of the game . . .

If you had mindreader.com, that might be a whole other ball game
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sbucciarel

Banned 14 years ago

Yeah .... actually, neither is a very good name. The hypen in the one and the word the in the other devalues them both. In addition, someone would have to have a real good plan for a name like mindreader for it to be valuable. It doesn't sound like it has a good commercial value, as couch.com or kitchen.com or many other dictionary words would.

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domainarama

14 years ago

sbucclarel, the astrology space is very lucrative. 'Mindreader' might not be the best term to get visitors. Astrology followers might be interested in 'reading' their charts or 'reading' the stars. 'Reading' other people's minds is not core astrology. But there always are some people who want to read minds, so I wouldn't give up on a 'mindreader' website.

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domainarama 14 years ago

Come to think of it, I just had a brainstorm about how to turn a 'mindreader' domain into a money maker. Not astrology. I can write an ebook on body language and how body language signals betray what a person is thinking. Then advertise the ebook on a 'mindreader' website as a great way to understand what your girlfriend or boyfriend is thinking. Read their mind via their body language. Read their mind and tell whether they truly love you. Voila.
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sbucciarel

Banned 14 years ago

Originally Posted by domainarama

sbucclarel, the astrology space is very lucrative. 'Mindreader' might not be the best term to get visitors. Astrology followers might be interested in 'reading' their charts or 'reading' the stars. 'Reading' other people's minds is not core astrology. But there always are some people who want to read minds, so I wouldn't give up on a 'mindreader' website.

Well, won't hurt to go for it. It takes some amount of effort to market a domain name if you're looking for the best buyer, unless you just stick it on Sedo or Afternic and let it sit. I wouldn't think of mind reader in relation to astrology, but maybe someone else will.

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Kay King 14 years ago

Gene - Thanks - that's what I had thought and why I hadn't done anything with them. I'm not a "domainer" by any means but thought I might be able to recoup the small amount in keeping those two domains by selling them.

Think I'll give them a quick listing somewhere or other.

kay
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xbokcom

14 years ago

To sell it pivate is the best you cut out the middle man.

Same with domains and with properties.

Renier

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TelegramSam

14 years ago

Undeveloped, just the domain name, here's my educated estimate:

mindreader.com could be worth $5,000 to $10,000 to the right people.

But, themindreader.com just $500 to $1,500

Just like anything, don't leave it to random chance, do some googling and contact likely buyers for the domain name.

In other words, who do you know that is a mind reader and needs a decent domain name :-)

Then if you don't get anywhere, you could stick it on sedo.

Sam

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KimW 14 years ago

Originally Posted by TelegramSam

...
In other words, who do you know that is a mind reader and needs a decent domain name :-)
...

Sam

That's exactly my target buyer. I have posted on a site or two that caters to people with this interest.
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Gene Pimentel

14 years ago

TelegramSam is spot on with estimated value. The word "the" does devalue the domain greatly, but this is still a very good domain name. I personally would not sell for less than $1500. Whether or not it is worth that to "most people", you're not selling it to "most people". You're selling it to the one buyer who wants/needs it. The challenge of course is to locate potential buyers.

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Kay King

14 years ago

Gene and Sam -

Would the same hold true for two domains I want to sell? One has a hyphen (game-fest.com) and the other doesn't (datingfizz.com).

I registered both 3-4 years ago and finally admitted I have absolutely no interest in either niche and I'm unlikely to develop good sites for them.

I have requested opinions at namepro but not sure how much expertise is behind the appraisals there.

kay

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Gene Pimentel

14 years ago

Sorry Kay, but I see very little potential in either of those domains. But of the two, game-fest.com could get a few bucks... but here's the thing. Finding a buyer for a GREAT domain takes about the same effort as finding a buyer for a sub-par domain. Therefore, I would not put forth the effort to try to market either of those. List them on Sedo.com and hope for the best.

Yes, you have to take the "appraisals" at any domain forum with a grain of salt. There are many members who have no clue, but act as if they do. Also, you'll typically get opinions based on reseller value, which is 10x less than an end-user domain value.

Originally Posted by Kay King

Gene and Sam -

Would the same hold true for two domains I want to sell? One has a hyphen (game-fest.com) and the other doesn't (datingfizz.com).

I registered both 3-4 years ago and finally admitted I have absolutely no interest in either niche and I'm unlikely to develop good sites for them.

I have requested opinions at namepro but not sure how much expertise is behind the appraisals there.

kay

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ajldomains

14 years ago

Originally Posted by Gene Pimentel

TelegramSam is spot on with estimated value. The word "the" does devalue the domain greatly, but this is still a very good domain name. I personally would not sell for less than $1500. Whether or not it is worth that to "most people", you're not selling it to "most people". You're selling it to the one buyer who wants/needs it. The challenge of course is to locate potential buyers.

I agree 100% with Gene on this one. I just closed a 4 figure .net domain name on Sedo - it was not even featured listing. I was very happy - I registered it in 2007 from a drop and my total investment was less than $20.

You have to know where to find who is looking for the domain name and then tell them why they should want it. You have to pitch other advertising costs they are currently spending - then sell them the idea that a domain name is the bare piece of real estate to build on.

My recommendations to start this would be put a powerpoint presentation (or simiar, maybe flash presentation) about the domain name you want to sell. This will take a couple hours to put together for each domain you want a high dollar from ($1,000 +) - but the investment of your time will pay off.

I now focus my energies on high dollar sales instead of tiring myself trying to sell 500+ domain names a month on eBay. DON'T DO EBAY - you WILL NOT get what the domain is worth if marketed to the right people.

It's easier to pitch your "product" to the right people and the profit margins are much better!

Jim

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KimW

14 years ago

To the right person I think it could be of value as a redirect too.
Here's a related example.
If you type www.thementalist.com you are redirected to www.mentalist.com