Is Buying and Selling Domains still viable in 2012

i have some domains too, and would like to know this as well, can this be profitable? any success stories?

YES.

As long as there are markets and websites/platforms to be created, there will always be opportunities to sell domains.

Good point. Please anyone else feel free to share your thoughts.

agreed, good domains still often get bought and sold. not everyone wants a .co or a .ly etc
can't beat a good .com!

agreed, good domains still often get bought and sold. not everyone wants a .co or a .ly etc
can't beat a good .com!

Out of curiosity, where is the best place to sell domains?

As long as the internet exists I would assume that website will continue being sold.

.Com's are being gobbled up every day, making the only way of getting a decent .com url from someone else (eventually). That's if you really care about .com's.

And then there's also website sales.

I can't see this market declining any time soon.

Why would anyone need to post this question?

If you seriously can't see the obvious answer to this question after a few google searches, then you are too lazy to be in any internet-based business...unless you have capital to invest.

Go flip burgers.

Gene Pimentel's 10 step action plan has helped immensely in getting me started. There may not be very many or if any at all of those catchy two word domains left but with so many businesses in thousands of cities promoting online, finding local keyworded domain names seems like the way to go.

I think domain selling is an art and science

I wouldn't pay any money for yourname.com, but to you, your name domain is probably priceless. So again, like what Hayden mention, someday someone may come along, look at your digital real estates and decided to grab one domain which they would look to have at a premium price ...

On the other end, one "scientific" strategy I heard was that the domain flippers who go out to register domains around new companies or products based on news like successful VC fundings, product launches etc ... these VC funded companies are loaded companies and may likely receive many many rounds of fundings before they are either bought over, listed or folded. What the flipper did was, to email them and negotiate a price to buy back their name at 1000x the purchase price.

Domain business is still growing ... after all, the internet is just about 2-3 decade old ... there are many more decade before the industry totally saturated.

To follow up what Rendell said, he's right about timing. I sold one for $2300 last year, just a $10 domain name, but he wanted it and I wasnt in a hurry to sell it. I had it listed for sale until I got around to my idea. He asked how much, I said not in a hurry and planned to use it, but will let it go for $3k. We negotiated, he bought it for $2300. I just checked, it's still parked. But you know what, if he uses it, it's a great domain and it's worth it. I've done the same thing lots of other times with people who just go away and never come back. You never know. I see some domains go for BIG big bucks on Flippa, but I haven't had one of those YET. You need to be in the right place at the right time, but like they say "you gotta play to win". Besides, it's a hard habit to break. Everytime I get an idea I go check the domain name and buy it many times. I keep 'em parked on a for sale page like ForSaleByOwnerDomains.com until I get around to using it. I'm a domain junkie (I checked, the domain name is already taken). It beats paying ten bucks for a pack of smokes to kill yourself.

You could ask this guy:

Meet the 'Mann' who registered 14,962 domains in 24 hours | Internet & Media - CNET News

I think the answer is yes

I bought a domain from Stylate for $250 earlier this year. They don't just buy up names and sit on them, they add some value through presentation, logo design and organizing the names by possible business types that would be a good match. Worth the price to save me days of searching available names.

Thanks Dan thats a cool site. Mike thanks for the article as well this is pretty awesome. Anyone else had success with it?

Domaining is a great business, and is still alive and will be few more years for sure, maybe much longer, but that depends on the Internet and development of it.
Yes, you can make a nice money from domaining even today.

For a newbie, it could be frustrating as almoust all good domains gone and he/she would probably buy or register some domain with no value. If you start learning about it before start trading than you have a good chance. You never know when you could get jackpot, and by then you will be earning nice money each month.

If you are serious about domaining and have enough knowledge, it would not be bad to quit your job and start full time domaining. But only if you are serious and with enough knowledge.

You should know that domaining with domains which are not truly premium (house.com, webdesign.com, marketing.com, carpets.com etc... I call truly premium domains) is not easy, but with good efforts will bring you money. If you will work 8 hours each day as a domainer you would earn much more than if you would sit 8 hours in some office as clerk or similar.

Why it is not just buy and sell domain few days later for ROI 5x-10x? It is! But the simpliest part is to buy and to sell. Hard work is before buying and selling. You should do your research to determine which cheap domains have value or are available for registration, then you need to buy it, then you need to do hard work to find potential end-user (its not just typing the term in Google, there are many more strategies to find potential end-users), after you find them you need to start calling or/and emailing them, and then you will sell it.

Godaddy, Sedo, Afternic etc... should be just platforms where you add your domain to be visible for potential buyers and sometimes you will sell there. But selling there is passive domaining in my opinion. You should really work and be active to sell non premium domains. It is very good to buy domain for $1-50$ and sell it for $200-$2000. Dont expect to sell crappy domain for $xx.xxx. I prefer selling more domains for $xxx or $xxxx each, than waiting with one $xx.xxx offer.

Overall, yes, buying and selling domains in 2012 still works!

Yes it still is, you'll make over more building sites and flipping them though.

Yes it is, if your domains is old enough am talking about 1,2,3 or more years old had decent traffic then you can sell them and make a decent profit. One of the place you sell your domains is Godaddy they do have an auction system.

Without a shadow of doubt, the answer is YES!

Social Networks, Silly Phases, Stupid Pranks & Sexy Girls (Guys if your a Gal!) will always come and go on the web, as they have over the last 25+ years

However, the one constant in the last 25+ years has been "Domain Names" regardless of what guise they come it, or what anyone thinks they are worth, until "Real Speech" to search works 100% properly 100% of the time, DN's and the recurring revenue around them will continue!

Listen - domain selling is more viable today than ever before - I'm truly excited about the many opportunities that are presenting themselves.

My 10-step-action-plan that has been mentioned a few times in this thread is still a valid method and will be for many years to come, however it has evolved into a system that I have fine-tuned called LocalDomainEmpire.com. This is where I will be focusing most of my time over the next year. I plan on establishing a six-figure *passive* recurring income just from this one system this year (and teaching others to do the same).

There are SO many ways to easily sell domain names. The key is to understand the marketplace.

Not to burst you bubbles and with all the high hopes emanating, you will be in for a big surprise. It's easier said than done.

I'm not trying to sound so negative but it's the reality out there and I am speaking from experience.

That not withstanding, domaining is still a viable business if you know what you are doing...

Yes it is, because I am still buying good domains and listing for sell.

Hi Gene,

I was thinking of getting into the local domain market but it's looking a lot tougher now. Google Places seems to be taking over local searches - typically 7 of the first 10 spots on the first page are now Google Places. I would be interested to see how you plan to get around this.

Gav.

For sure, just like the Art of Building and Selling Blogs is a huge opportunity.

Been buying and selling domains for years and it is still a viable way to make good money. The domain name journal and other like newsletters show regular sales. There are still buyers for good domains. As for where to sell, check out the GO Daddy auction, sedo, or afternic. Good luck!

Bit of a stupid question, domains are just a commodity, of course buying and selling them is still viable, why wouldn't it be?

It sure is, not as easy as before, but still viable

I will be looking forward to more info from Genes new product about how working with local domains will work. I do agree it is still a viable business but only for those with premium domain names in their portfolio already or someone with a few thousand to invest in buying a premium DN to get the ball rolling. If you don't have either its a lot tougher I think.

in my opinion it is still pretty viable.
try to get a cheap emd domain for example, put some content on it, rank it, put adsense on it and as soon as you earn some bucks a day, flip it. ive done that a few times with an average roi of 1000% (50 bucks for the domain and sold it later when it hit the 200$/month mark for 1000$)

It's really a numbers game. I work with a lot of domainers. The more domains you have, the better chance at getting an offer. I have one guy who owns about 14000 domains. He sells 5-10 a month not less than $1k each. But don't buy bad names. Do your research. If anyone wants some tips on how to promote them, PM me.