Did you purchase a domain to launch a website but never got around to doing it? Maybe you launched it but found some other passion after a while that you want to focus on fully now?
How to Sell Your Domain
Whatever your reason for selling your domain, you’ll want to do this correctly if you want to earn as much money for your unused domain as possible. Below, you’ll find some advice that will help you sell your domain for the best price, so keep reading.
1. Assess the value of your domain
Determining your domain’s value is the first thing you should do if you want to sell it. Most people overprice the domains they want to sell, leading to a general lack of interest. Even though not every domain is worth a fortune, you could still have a live domain that can earn you a lot of money. That’s why you shouldn’t underprice it either.
Finding the right balance between overpricing and underpricing isn’t always easy, but that’s where appraisal tools, such as the Saw.com domain appraisal tool, come in handy. These tools can help you determine the optimal price you should ask for your domain, saving you a lot of time and trouble figuring out the best number.
2. Find the best place to sell
Choosing where you’ll sell your domain is just as important as determining how much you want to sell it for. If you go with a site that isn’t generally known for selling domains, reaching out to prospective buyers will be much more complicated.
Instead, research the most popular sites for selling domains to reach your target audience efficiently. Some of the most famous ones include:
- eBay;
- Flippa;
- Afternic;
- Sedo.com.
If you’re in touch with many people, you could sell your domain without going to these sites.
3. Make your WHOIS directory contact information public
Making your contact information available online for the entire public might not seem like the best idea, but it’s exactly what you need to do to sell your domain as quickly as possible.
When someone wants to purchase a domain name but finds the domain already owned by you, the WHOIS directory will allow their person or company to find your contact information quickly and maybe put in an offer. That way, you might even get a better offer than you were initially planning to sell your domain for.
Create the domain listing
If you haven’t received a call from an interested buyer before putting your domain up for sale, it’s time to create the domain listing. Making the listing implies you’ve determined the price you’ll ask for your domain and selected the best marketplace to post your listing.
Instead of just uploading your URL, you can make the most out of your domain listing by saying more about it.
How much traffic does your domain have?
How old is your domain?
Does the domain have any authority?
These are some of the details prospective buyers will greatly appreciate.
Use an escrow service
You never know who’s behind the screen pretending to be interested in purchasing your domain. With scams and other forms of cybercriminal activity increasing, you’d want to do anything to ensure you sell your domain safely.
The best option here is to use an escrow service. The job of an escrow service is to act as a neutral third party that’ll ensure the entire process runs smoothly by holding and processing the funds. Although an escrow service takes a chunk of your earnings, it offers peace of mind, which is priceless.
Transfer the domain
Once you find a buyer and clarify all conditions of the purchase, you’ll need to transfer the domain to the new owner. Each process of domain transfer is different. However, the general process includes these two steps:
- The seller submits the authorization to initiate the transfer process;
- The seller transfers the funds from the escrow service after the transfer is completed.
It is usually a straightforward process and doesn’t take much time.
Wrapping up
There’s no point in keeping a domain in your ownership if you don’t use it and don’t have any plans of using it in the future. You could quickly get rid of the unused domains and find them a more useful purpose by selling them. Following the tips mentioned here will ensure you sell your domain correctly.
