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How long should i wait before selling a domain?

Labeled as question in Domain Selling and Domain Sales started by Francis AHLE, Sep 2, 2019.

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460

  1. Francis AHLE

    Francis AHLE Established Member

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    I've heard that domains can't be bought today and sell tomorrow. Is it true? and even for one or two words domains? If so how long should it be possible to wait before selling them?
     
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  2. Ategy.com

    Ategy.com NameCult.com Gold Account VIP

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    The only technical limitation in terms of time you have for selling domain is the 60 day transfer lock.

    Meaning that you cannot transfer a new hand-registration domain to another registrar for 60 days after you registered it.

    The same 60 day lock is in place most of the time when the registrant name changes (change of name in the WhoIs information).

    But that lock does not stop the ability to "push" the domain to a different account at the same registrar. So if you have a domain at Epik or GoDaddy, you could still sell the domain to someone if they also had an account at the same registrar (or they could easily create an account).


    Beyond that it most certainly takes time to sell domains .. even good domain portfolios will sell anything between 1 to 5% of their inventory a year .. which actually means that even good domains take ON AVERAGE between 20 to 100 years to sell.


    There are also some who say that depending on where the domain came from and who owned it before you, then there's a chance the previous owner tried hard to sell it before letting it expire .. but since it didn't sell then that means that at the moment most of the obvious potential buyers already said no. That is mostly not true as the vast majority of domains (particularly expired) were very likely not aggressively outbound.


    Also .. there are people who try to predict future-trends and hand-reg (or acquire cheaply) domains that will be good for those future businesses. Like getting crypto related domains 15 years ago or Cannabis related domains 5 years ago, or drone related domains 10 years ago .. etc. For these domains waiting is simply because of the laws of supply and demand .. before the trend actually arrives there are no or fewer companies who would want the domain, therefore it is less valuable. But keep in mind that the majority of predicted potential future trends never come to be .. and the ones that do usually aren't exactly as predicted. For the most part (with some exceptions) I prefer to acquire domains that I has potential demand TODAY .. not 10 years from now.


    In the end there is no reason to wait to sell a domain .. if you are buying domains .. it should be with the intent of selling them ASAP so you can then buy more domains and continue to grow. Sitting passively on your domains without even listing them for sale is effectively putting your money under your mattress and does you nothing but cost you renewal fees year after year.


    You should obviously wait 60 days before listing your domain on certain marketplaces where a transfer is necessary .. but if you bought your domain at GoDaddy, then you can and should list it for sale at GoDaddy as soon as the domain hits your account (keeping in mind that even if it's a good domain it will take on average between 20 and 100 years to sell) .. after 60 days you should then list it everywhere else!
     
  3. Francis AHLE

    Francis AHLE Established Member

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    If it takes so long to sell, how do domainers make money? Means they can't be sure to have montly incomes! :(
     
  4. DomainRecap

    DomainRecap Top Member VIP

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    I would bet that 99.9% of domainers have a job or gain an income from something other than specifically domain sales revenue.
     
  5. EZPZYO

    EZPZYO Hack IT Crack IT VIP

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    Passive income by investing chump change.
     
  6. Ategy.com

    Ategy.com NameCult.com Gold Account VIP

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    Most domainers do have other jobs (like me)

    But the trick is to buy GOOD ONES priced low and then sell them high enough to make up for the low turnover. I consider myself to be very good at finding great domains for cheap .. of the domains I've sold this year, I've sold them all at huge multiple .. enough to pay for all the rest of my domain costs!

    That being said .. while I most certainly am now profitable .. I'm still not making enough pure profit to quit my regular job just yet (hopefully sooner than later though .. lol .. my regular job is torturing my knees these days)

    The vast majority of domainers unfortunately don't get to that point and most will give up having lost money! :(

    Another way to increase your chances is to actively outbound market your domains where you search for potential buyers, and contact them about buying your domain(s). With that you'll obviously sell more domains, but usually you won't get the highest price compared to when someone thinks of your domain and comes to you because they already want the domain and thinks it would perfectly suit their business.


    It's also important to note that most of the domainers who started several years ago (not me unfortunately), started at a time when domain parking actually made them a lot of extra money .. in many cases more than enough to cover all their costs before selling a single domain. Domaining was very different back then!
     
    Last edited: Sep 2, 2019
  7. bmugford

    bmugford www.DataCube.com PRO ICA Member VIP ★★★★★★★★★★

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    If it was easy everyone would do it, and be successful at it.

    Brad
     
  8. Argentum

    Argentum Established Member

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    Domaining without good investment (at least $100-200k) is waste of time and money.
     
  9. wurdd

    wurdd Established Member

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    Don't worry about domains right now. Go take an economics class.
     

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