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domain names..is it that easy?

by newtoebookswriting
15 replies
i just went to the domain auction place on sedo. people are buying domain names for 100s of pounds/euroes. is it easy as that? to register a domain name doesn't cost much and the return they make in these auctions are crazy. is it as easy as that or am i missing some thing?

for example the domain name fashionreview.co.uk has a current bid of 170 GBP. i can think of domain names like that easily.

what am i missing? or are selling domain names easy as that?

some one please explain because it seems to good to be true!
#domain #easy #namesis
  • Profile picture of the author Lou Diamond
    Hello,
    yes there is still some gold in them thar hills,
    just about everyone that buys a new domain thinks it is worth a million bucks,
    you just have to convince the buyer of that.
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    • Profile picture of the author newtoebookswriting
      thanks for your reply lou.

      do the sellers do any promotion for the domain name other than the listing it self?
      also what fees are there to be paid for sedo?
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      • Profile picture of the author King Shiloh
        Banned
        Originally Posted by newtoebookswriting View Post

        thanks for your reply lou.

        do the sellers do any promotion for the domain name other than the listing it self?
        also what fees are there to be paid for sedo?
        There are fees to be paid for your domain name to be promoted. You don't have to list and go to bed thinking that someone will see it and make a bid.

        Yes, you have to advertise your domain name so that buyers will see it.

        Visit sedo.com to find out more.
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  • Profile picture of the author kevinm777
    Some domains may be aged or have masses of backlinks that adds to the value
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  • Profile picture of the author newtoebookswriting
    i see. it looks like some these domains are already up and running websites with content and regular visitors. there goes my excitement :S
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  • Profile picture of the author webdango
    If you search Sedo you'll see the 95% of the domains listed have no bids, which, of course, means no one is buying them.

    Now you can try to think of some domain names and list them at Sedo and see what happens. You might have success, you might not. All depends on if that 1 person who wants the domain shows up at Sedo and sees it for sale.

    A more reliable way to sell a domain is to target keyword domains. Buy a keyword domain, set up a simple site and get it ranked on the first page of Google for it's keyword. Now, when you list it for sale you can say it's ranked on the first page of Google for it's keyword. When you can do that with a 2 - 4 word keyword domain, you can probably get at least $99 for it, maybe more depending on the exact phrase.

    Selling domains is like selling anything else. If you can get in front of someone who wants to buy, you'll make a sale. Otherwise you end up with a bunch of domain names you can't unload.

    That said, the entry into domaining is very low. $8 or so for a .com and you're on your way. With that consideration, you can go for quick cash. But for $8 and sell for $25 and you just tripled your money. But you'd have to sell a lot of $25 domains a day to make a real living at it.

    Over the years I've sold a handful of domains, some for as high as $1000, but in every case I was contacted by someone who wanted it, not because I had it listed for sale.
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    • Profile picture of the author Rob Thayer
      Originally Posted by King Shiloh

      There are fees to be paid for your domain name to be promoted. You don't have to list and go to bed thinking that someone will see it and make a bid.
      Not true. It doesn't cost anything to list a domain in Sedo's Marketplace. You pay a commission when it sells, but nothing up front.

      Originally Posted by webdango View Post

      If you search Sedo you'll see the 95% of the domains listed have no bids, which, of course, means no one is buying them.
      You're referring to the Sedo Marketplace, not Sedo auctions (which the OP was talking about).

      In order to get a domain into Sedo's auction, you must first list the domain in the Marketplace and get an offer. At that point, you can either sell the domain, negotiate a better price, or send the domain to auction. If you look at the auction listings, you'll see that they all have at least one bid.

      Domain flipping is a great business, because you can make some awesome returns with very little investment. However, it is not typically a FAST business. Prepare to wait for the right buyer to come along -- if ever. If you pick the right domains (and not crap no one wants), you'll be that much further ahead than the thousands of other domain flippers.
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  • Profile picture of the author Stephen Dean
    I've said before if you ever think you have an original idea, try to buy the domain name. I couldn't believe theraskype.com was taken!

    Ever tried to find a good domain name?

    Cheers,
    Stephen Dean
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  • Profile picture of the author newtoebookswriting
    king Shiloh how would you promote a domain name other than listing it in a auction?

    Rob Thayer what percentage of the final price do sedo take as commission?
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    • Profile picture of the author Rob Thayer
      Originally Posted by newtoebookswriting View Post

      king Shiloh how would you promote a domain name other than listing it in a auction?

      Rob Thayer what percentage of the final price do sedo take as commission?
      Commissions depend on factors such as whether or not you park the domain with Sedo. If you park with Sedo and set a fixed price on your domain (rather than a minimum offer and a Buy It Now price), they get 10% of the sale price with no minimum; otherwise, they get 10% with a $50 minimum. If you send it to auction, they get 10% with the $50 minimum. There are a few caveats, but that's it in a nutshell.
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  • Profile picture of the author newtoebookswriting
    is this a good plan? :

    look at the domain that are on sale. clone the higher selling domain names with a change to a single alphabet. would this guarantee a sale of maybe a lower price?
    sorry if this sounds stupid but seems like a good idea to me
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    • Profile picture of the author Rob Thayer
      Originally Posted by newtoebookswriting View Post

      is this a good plan? :

      look at the domain that are on sale. clone the higher selling domain names with a change to a single alphabet. would this guarantee a sale of maybe a lower price?
      sorry if this sounds stupid but seems like a good idea to me
      I'm not sure what you mean here... "a change to a single alphabet"... huh?

      The name of the domain itself is the biggest factor in determining its value, but there are "behind the scenes" things too, such as backlinks, Pagerank, etc.
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      • Profile picture of the author newtoebookswriting
        Originally Posted by Rob Thayer View Post

        I'm not sure what you mean here... "a change to a single alphabet"... huh?

        The name of the domain itself is the biggest factor in determining its value, but there are "behind the scenes" things too, such as backlinks, Pagerank, etc.
        let me give you a example. the word lowrider. it is a type of car.lowrider.com is taken so if i was to make a domain named lowriderz.com.. it still has the keyword in it so am guessing it will be easy to get ranked? so is this a good model to follow?
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        • Profile picture of the author Rob Thayer
          Originally Posted by newtoebookswriting View Post

          let me give you a example. the word lowrider. it is a type of car.lowrider.com is taken so if i was to make a domain named lowriderz.com.. it still has the keyword in it so am guessing it will be easy to get ranked? so is this a good model to follow?
          Lowrider.com would be valuable because it is a single word domain. Lots of people do searches for the keyword "lowrider" every month. If you wanted to create a Website about lowrider cars, this is THE domain to have (or maybe Lowriders.com).

          Throwing a Z on the end of it doesn't really help much, because few people search for "lowriderz". If Lowrider.com sells for $10,000, Lowriderz.com is probably worth nothing unless there were factors other than the name that made it valuable (backlinks, etc.).

          Now I'm the first one to preach that having keywords in your domains is extremely valuable in terms of helping to get ranked in the SERPs. Yes, LowriderCars.com would be a good domain if you're trying to target the "lowrider" keyword... but not as good as Lowrider.com. The closer you can come to the keyword phrase itself without any extras, the better.
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  • Profile picture of the author sbucciarel
    Banned
    The domains that sell for the big bucks won't have a z tacked on the end or a myKEYWORD.com tacked to the beginning. To get a good idea of what sells for the big bucks, check out: Half Million Dollar Sale at Sedo and .CO Landrush Auction Sales Dominate This Week's Domain Sales Chart
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