By choosing the right name for your domain and then wanting to resell it, with a bit of cunning or a bit of luck, you can sometimes earn even considerable sums. In this case, the quality or complexity of the site you have published to your web address does not play any role. In fact, those who want to devote themselves to the sale of domains do not need any site in and of themselves: it is the address itself that has value. If you have a domain that other people want, you might even have a small fortune. But how exactly?
Determine the value of a domain
First you need to know what value certain domains have. The first signs of a domain’s value are already in the URL: such as the popular Top Level Domain . com or .it are much more in demand than the new TLDs,such as those .beauty. Domains with short but effective names are preferable to long, multi-word domains. Domains that are composed of many parts or contain many words are difficult to sell, and are usually unprofitable.
To get an idea of the market value of your domain, you can use online tools, such as Namebio,that indicate the sales prices of domain names similar to yours. This way you can figure out what price you can claim for your domain. It makes sense that you would like to earn as much as possible, but be careful, as too high a price could discourage buyers. So find a middle ground.
Determine the sales channel
There are several possibilities to sell a domain. For example, you can put a warning on the domain homepage, almost a kind of “for sale” sign. So interested parties can contact you directly to discuss the sale of the domain. Other domain sellers are successful on eBay. The auction platform offers a good and well-known infrastructure. The procedure for buying a domain on eBay is the same as for any other type of product.
However, there are also websites dedicated to buying and selling domains. Platforms like Sedo or Flippa provide marketplaces on which you can offer your domains. These platforms are specifically dedicated to the sale of domains, so ideal not only to sell domains, but also for those who want to buy domains that could potentially have value, with the intention of profiting later.
In general, each domain owner must provide their contact information in the Whois database. This is a register that is normally publicly accessible. However, since Whois data raises some privacy concerns and is often subject to spam attacks, this information is often kept secret. Those who want to sell a domain should always make their contact details visible, so that they can be easily contacted by interested buyers.