Technology

How to Sell Your Domain to Earn Decent Money?

Did you start a website that you eventually stopped working on? Have you ever encountered a shift of interest while working and have a domain name that you no longer use? If the answer is yes, then the best way to get the best value out of that old domain name is to sell it. Yes, you can sell your old domain name that you no longer use.

In the following discussion, we are going to share the entire process of selling your domain name. You can also find various other important details such as the best places to sell your domain name and how the novices can sell their domains. So, let us begin!

How to sell your domain – A detailed and step-wise guide:

First of all, always remember that it will take some time for you to sell your domain. You might not get any bid for a few weeks or even months. After all, you must understand that the domain will be sold only if it is relevant to some person. Further, there are various websites and portals that offer selling platform for domain names. It is important to go through their policies and terms of use before your registration as a seller there. Further, if you have bought your domain from some credible website, it becomes easier for you to get a good reputation as a seller. So, don’t opt for cheap and average websites to buy domains.

We would also like to point out that you can sell your old domain names on the famous websites that offer domains, such as Bigrock. Though the basic process of selling a domain remains the same, you must check their policies as well. And, in case you want to buy a new one after selling your old domain name, don’t forget to grab some Bigrock coupons to enjoy the best deals and offers.

Now, let us begin with the step-wise process of selling a domain

1. Begin with estimating the value of your domain

Estimate the value of your domain name to begin the process. You must put a price tag that is not too high or too low. If you have a high price tag, you will face difficulties in selling your domain. Likewise, if your domain price is too low, you would end up with a loss. Both of the situations are bad; right?

A domain value is affected by the following factors:

  • .com or other extensions (.com is more expensive)
  • Short or long name (short names are easy to remember and are priced more)
  • Easy to spell or complex names (easy to spell names are priced more)
  • Special characters (use of hyphen etc is discouraged and thus, such domains don’t have a high price)

If you don’t have much knowledge in this regard, you can also use some online tools to find the right price for your domain name. This way, you will be able to put the right price tag on your domain.

2. Choosing the right platform

Don’t get lured by offers that seem too good to be true. Instead of registering as a seller on any average portal, you must register yourself on credible and reputed portals. This way, you will be able to show your domain to quality buyers.

3. Create a landing page

Instead of having a blank page, you must have a landing page on your unused domain showing that it is up for sale. This way all your visitors will know that the domain is for sale. This also opens the avenues for interpersonal communication and you can have access to a wider audience.

4. Don’t overlook the auction sites

There are many websites that offer auctions of domain names. You can also open a bid for your domain name if you want. The best thing about using an auction site is that they have secure methods of the transaction and ensure that neither the seller nor the buyer gets harmed in any manner. However, the auction websites deduct a commission from the sales money.

5. Make your information public on WHOIS

The WHOIS directory is a listing of all the domain owners and their contact details using which a buyer can directly approach the seller. This way, you can have direct communication with the potential buyers.

6. Make your listing lucrative

Don’t simply put up a ‘For Sale’ tag on your domain name. You must make an offer the buyers cannot refuse. By putting up the details such as traffic, existing authorities and age regulations etc, you make your listing lucrative and buyer-compatible. These stats further help you by justifying your price tag.

7. Escrow Service for payment

A third party escrow service empowers you to protect yourself as a seller from scams and fraudulent buyers. You can rest assured that you will receive the money promised and have a secure transaction.

8. Domain Transfer to the new owner

After the domain selling process is completed, you have to complete the last step of selling a domain – transferring it in the name of the new buyer. Different websites have a different process of name transfers. Mostly, the old owner has to send the authorization code to the new owner and confirm the transaction.

However, we recommend reading the instructions for the same before you handover the authorization code.

So, this completes our discussion on selling old domain names. We hope that all our readers find thoughtful takeaways from here and are able to sell their domain names to the best buyers. For more information, suggestions and expert tips, you can leave your comments.

And, now that you have learnt how to sell your old domain name, how about you check some coupons for Bigrock for buying a new domain?

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