Assuming you had a domain name or names of sufficient value to be of interest to a quality domain broker, how exactly does that work? I've read that broker fees typically are around 15-20 per cent, true? Say for example your domain is worth $50k, would working through a broker typically produce better results (profit) than simply posting on a popular auction site with their own fee structure?
As for the back/forth during the sales process, is the seller in contact with potential buyers at all or is that handled entirely by the broker without the seller participating? And finally, exactly who is the broker working for primarily-- the buyer or the seller?? With real estate it can be either way. In the case of a domain sale, before I contracted for a broker's services I'd like to know which party in the transaction a broker is working for to get the best deal.
Obviously the higher the sales price the more profit for the broker but by the same token, getting a good price for a client might well get more future business with that cllient.
As for the back/forth during the sales process, is the seller in contact with potential buyers at all or is that handled entirely by the broker without the seller participating? And finally, exactly who is the broker working for primarily-- the buyer or the seller?? With real estate it can be either way. In the case of a domain sale, before I contracted for a broker's services I'd like to know which party in the transaction a broker is working for to get the best deal.
Obviously the higher the sales price the more profit for the broker but by the same token, getting a good price for a client might well get more future business with that cllient.
