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How do I find valuable brokers to sell domain names?

Located in Domain Beginners, started by andrew111, Nov 29, 2015

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  1. andrew111

    andrew111 Established Member

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    I bought a few domain names and now I want to sell some of them. I'm not so good at selling so I'm looking for a professional to look for the right buyers
    .
    How do I proceed?
     
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  2. Nerevar

    Nerevar Top Contributor VIP

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    In 99.99% of cases, brokers will not take domains that newbies can find. Good hand-registered, closeout, cheap dropcatch domains can often be sold for xxx and even low-mid x,xxx - but brokers usually will not take them. Brokers deal with different sort of domains. What you can find is an amateur, non-licensed broker from this forum that will try to promote your portfolio. If you agree to that, just do not pay your broker before sale.
     
  3. andrew111

    andrew111 Established Member

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    Thank you for your reply, this is my first topic on Namepros.

    I read that they usually charge about 15% of the sum being brokered, is that correct?

    What limit should they consider before approaching you in order to promote your domains and eventually make a sale? Above mid x,xxx?
     
  4. Nerevar

    Nerevar Top Contributor VIP

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    The percentage depends on the broker and the domain - but yes, generally it is around 15%.

    It is not so much the upper bound, as the lower bound that they consider. The resale value of a domain, its liquidity. E.g. if you put your domain with a BIN price of $1,000 here on this forum, will it be sold within a day? If yes, then probably brokers will take it. There are domains with a very good, 5-digit potential upper bound, e.g. future techology domains or some very targeted niche domains - but with no solid resale value.
     
  5. andrew111

    andrew111 Established Member

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    Your reply is a little bit confusing, I mean reffering to a broker as if he/she is the actual buyer of those domains.
    I am searching for a representative that will strictly find the end user for my domains. I wonder if there is a market for such agreements.
     
  6. Nerevar

    Nerevar Top Contributor VIP

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    What I am trying to tell you is: you will not find a good broker for a domain that does not have a good resale value. If you had a domain that would instantly sell for $1,000 among resellers (not end-users), that domain would be a good candidate to present it to a broker. E.g. through the Sedo brokerage system, or in this forum's brokerage section, or anywhere really. On the contrary, if your domain has low resale value, you will not find a good broker, wherever you search.
     
  7. andrew111

    andrew111 Established Member

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    My apologies then and I forgot to mention that I'm not interested in dealing with resellers, mostly.
     
  8. Nerevar

    Nerevar Top Contributor VIP

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    Just to make clear: I am mentioning resellers only in order to provide a criteria for a brokerable domain name. IF resellers wanted it for $1,000, THEN it is good enough to be brokered to end users.
     
  9. andrew111

    andrew111 Established Member

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    I am not very knowledgeable on those terms, I have to thank you again for you patience.
    How do I proceed?
     
  10. NameFury

    NameFury Established Member

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    Why don't you list some of your domains
     
  11. Nerevar

    Nerevar Top Contributor VIP

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    If I were you, I would ask for a free appraisal of the domain(s) in the respective section of this forum.
     
  12. Salai Domains

    Salai Domains Account Closed

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    Nice post, and nice answer @Nerevar
     
  13. johnn

    johnn WeSellName.com PRO VIP ★★★★★★★★★★

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    In order to find valuable brokers you need to have valuable names!

    The dilemma is if you have valuable names then you don't need valuable brokers.
     
  14. andrew111

    andrew111 Established Member

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    I have posted a topic asking for a free appraisal, due to your request
     
  15. johnn

    johnn WeSellName.com PRO VIP ★★★★★★★★★★

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    It has zero value.
    Cereal and cracker are two different animals.
    The most common mistakes from newbies:
    1 - Buy/register Trade Mark names
    2.- Buy/register two words names - it may sound good but it has no meaning

    GrassExam MomCeiling Deaddoor CarpetMilk......

    If you have to explain the meaning of the name then it's no good.

    Spend more time to read and learn to avoid making mistakes.
    I am still learning and read every day after 12 years
     
  16. andrew111

    andrew111 Established Member

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    johnn, thank you for appraisal

    I registered it because of its bivalent and convergent meaning:
    1. nutritious crackers made of cereals that everybody should NOT omit on a daily basis, e.g. healthy ecological food
    2. serial crackers who break code to hack something over IT industry, e.g. a good appeal for kids who MUST enjoy cereals
    My opinion.
     
  17. andrew111

    andrew111 Established Member

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    johnn, after reading several times what you've wrote in the first reply, I came to the conclusion that something is not clear with the actual market in which each and every domainer is part of it.

    Right now there are 984 404 registered members using this forum and maybe another additional 2-3 million unregistered users interested on this business, like I was myself a couple of days ago (without an account). I might be wrong. The question is how many end-users can we find here?

    I believe that most of the sales are conducted between domainers. This problem contradicts our need to maximize profit, e.g. none of us are willing to sell a undervaluated domain name - I think this stuff is named liquidity. I would like to call this a moving in circle, a cyclic movement where prices go only up and - as expected - the dynamics of this marketplace tend to slow down really fast.

    What I'm trying to say is that only those who acquired deep connections inside domaining industry might have real benefits, apart from the flipping names (correct me if I'm wrong) and not the rest of the community. Even on marketplaces like Afternic, Sedo and so on transactions occur mostly between domainers.

    Can we find a way to atract more end-users through this brokerage thing (for the sellers)?
     
  18. cmdomains

    cmdomains Established Member

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    This one's a bit old but this has been a lingering question for me as well: how does one find a good broker here?

    I wanted to list atleast a name I want brokered on the proper area but I see not a lot of engagement. I wonder why, are there magic words to summon the players?

    Does mentioning an expected sale of medium to high xx,xxx possibly turn them off?

    Also, what commission percentage would you give if you supply them the idea of a particular company (and their competitors as Plan B) that can use a name and other details as opposed to letting them do all the work?
     
  19. main

    main Top Contributor VIP ★★★★★★★★★★

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    Please enlighten me. Who are the licensed domain brokers? Licensed by what governing body?
     
  20. Nerevar

    Nerevar Top Contributor VIP

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    "Licensed" is a wrong word for sure. What I meant is brokers with more or less official status, one way or another. Now please do not ask me what I mean by "official status" :) They could be accredited by reputable marketplaces or perhaps can run their own business.
     
  21. Wannabean

    Wannabean Top Contributor VIP

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    The broker section on this forum is exceptionally quiet on the broker side because 99% of the names listed there are terrible.

    Brokers do not have a magic wand or secret network of end users. Most of the time they're selling names that get frequent offers anyway. Often the people who use them would rather spend time on the beach instead of answering emails and are happy to give up 15% to be able to do so.
     
  22. goodpeople

    goodpeople New Member

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    I am Chinese
    we can work together
    Although my English is not good
    We hope to cooperate with you
    Do Chinese Market

    email 9375204#163.com
     
  23. serryjw

    serryjw Established Member

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    ----------------------
    Are you a broker? Do you have Chinese contacts that are investors in Domains??
     
  24. GoWebnames.com

    GoWebnames.com Truth alone triumphs VIP

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    Clearly, john's the best answer here, sums it up very nice.

    To add a little of my advice:

    1) If you have a very valuable name and suddenly need the money, good brokers can come in handy due to their networking with potential buyers, one of whom may be interested in picking it up cheap.
    2) Since domaining is more of a dog-eat-dog industry and everyone wants to buy at the cheapest, don't go searching for 'brokers" per se. You will end up loosing the most value of your valuable domains.
    3) There are *some* honest and hard working brokers, like Dave Evanson of Sedo, Hobi of DomainHoldings etc. who actually work for the domains they have under brokerage.
    4) Most others don't do anything more than to promote your domains on their newsletter service during the exclusive they may have with you.
     
  25. cmdomains

    cmdomains Established Member

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    Would be neat to know of any brokers specializing in brandable names as well, and I guess knowledgeable in trademarks? Not sure if that's a given. I've read that one must not bring up trademark on enduser outreach though I'm not sure exactly what that means, all I thought was wouldn't that give them a better position?
     

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