Selling a Domain Name in 5 Steps
- Alireza
- Aug 17, 2022
- 4 min read
Updated: Sep 10, 2023
If you own an unused domain name, you may be sitting on a valuable property that can earn you significant money!
In case you bought a domain name to start a website but never started it, or if you do not use a domain name you used to utilize, you might earn significant cash by selling it. This article discusses helpful information about estimating a domain’s value and selling it.
How to Sell a Domain Name
To sell your domain name safely and get the most amount of money possible out of it, you need to follow some steps. In this part of our article, we will introduce these steps.
1. Evaluate Your Domain Name’s Value
First, you need to evaluate the value of the domain name you want to sell to set a reasonable price for it. While some domain names can bring you significant amounts of cash, others are not worth selling. Here are the factors that affect a domain name’s value:
Length: Typically, shorter domain names are more valuable. Domain names under 15 characters are considered more beneficial for a website’s success.
Keyword: Having relevant words in the domain name with the keywords a website tries to rank for makes it more valuable. For example, if you own a domain named “orderfoodonline.com,” you can sell it to online food service providers for a notable price.
Simplicity: Most users tend to forget complicated names, so simple domain names are more valuable because they are easy to remember.
Top-Level Domain (TLD): Everything that follows the final dot of a domain name is called TLD. For instance, .com is the corresponding TLD for the domain name apple.com. Some of the most prevalent TLDs are: .com, .co, .org and .net. Generally, .com is the most popular and valuable TLD for all websites.
If you already own a domain you want to sell, you can estimate its approximate price by using GoDaddy’s appraisal tool.
2. Choose A Domain Trading Platform
Domain trading platforms are websites that connect domain sellers and buyers. They typically provide services such as listing, pricing, conducting auctions, and payment transactions to ease domain trading for sellers and buyers.
There are many sites where you can sell your domain name. However, to make the most out of your trade, a great option would be searching for a website your target audience visits more. For example, to sell “orderfoodonline.com,” you can find the website where popular online food providers get their hosting.
Here are some of the famous platforms that you can use for selling your domain:
Domchain is a platform that works explicitly on buying and selling second-hand domains. They provide the most secure payment process, enhanced by blockchain technology. Many users claim domchain is the fastest and most secure platform to trade domain names. Moreover, it turns out it has the lowest transaction fees.
Godaddy is a famous platform that provides several services, from hosting to selling domain names. Godaddy has a notable number of visitors; while more visitors means more potential clients, it also means more competitors. Godaddy provides payment transactions with common escrow services.
Flippa is another choice. There is more to Flippa than just domain names. You can also sell entire websites and businesses. Flippa also uses common escrow services for payment transactions.
3. Highlight Your Domain’s Best Features
Most of the mentioned platforms let you post your domain for selling with its name and the price. However, adding some advertising points can help you get more profit. For example, you can market your domain by emphasizing the particular keyword it has; or you can advertise your domain name’s simplicity and shortness and emphasize how easy it is to remember.
4. Protect Your Domain Trade Transaction
Once you have posted your domain and the price and done proper marketing to attract the audience, you need to choose a secure transaction method to guarantee you get your profit. A promising option would be choosing domchain.net as your domain trade platform, which uses blockchain technology to protect your transaction and guarantees receiving money. However, if you like to use other platforms, you must be very careful about the online payment process and the receipts you receive.
5. Monitor The Results
Although most domain trading platforms will transform the money and the domain name, it wouldn’t harm if you check on the process. However, if you use domchain.net as the escrow service, the process will be finished within a couple of hours, and you won’t have to spend more time monitoring.
Conclusion
If you have a domain name you don’t use, you may make notable money by selling it. It is essential to evaluate your domain’s value, choose the right platform for selling, and protect your transaction by opting for the right escrow service to sell your domain safely and make desired money out of it. Based on customer reviews, domchain.net is a particular platform for buying and selling domains that secure payment with blockchain technology and guarantee finishing transactions within 24 hours. So, we recommend you use Domchain as your escrow service when selling your domain.
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