How to Sell Domains Fast - Marketplace or Own Site

[JamesCrew]

Hi mates,

So after investing in more than 20 domains, I am desperately trying to sell couple of those since February 2015, but have yet to see any positive response.

I have tried the old 'Email to Potential Buyer' method but with no success. So now I am seriously thinking to launch my very own website with my domains listed for sale there.

But before I do that, I would like to know what you guys think would be a better and faster (not to mention more profitable) approach for selling domains?

I have other option of listing my domains to marketplaces like SEDO, Afternic and etc.. Have already done that last month, lets see what happens. But what I was thinking, would launching my domain selling website be a more direct method to attract buyers for the right price?

Would really appreciate your input mates. I am just about to lose my patience if I don't sell something fast, lol...

Good day,

 

[alcy]

Have you tried GoDaddy's 7 Day Auction format?

sorry if I aqm wrong but don't you need to get a bid first to push to auction there?

 

[alcy]

@alcy - Nope. You can set one up right away.

holy crap
I had no idea.
I got an offer couple wekes back.. then an option showed up to accept.. counteroffer.. or push to auction.. so I pushed to auction

I thought that was the only way

I'll check it out
thanks!

 

[JamesCrew]

There is no such thing called "Get Rich Fast" selling domain names. You have to be patient.
we bought a domain name on ebay a year ago for $25 ,we have just sold the domain name on sedo
for 30k.Please be patient. Don't rush to give away your domains.
Most domains with .de extension sell faster on sedO.one letter domain sells faster. Chinese clients
buy all the numeric like 123.com .
The game on sedo is as follow: let say a domain name with .com sells for $300k 2days ago.
If you can ,register the same domain name with .de and put it back on sedo.The domain will sell in less
than a week. Because the .com buyer will come back to get the other extensions.
Good Luck

Thanks for dropping by mate.

Yes I am not one of those people who dream of pressig a button and want to see big bucks rolling in. The objective my post here is to know what experienced domainers are doing to sell their domains (instantly or slowly) and what type of exposure/marketing/publicity/lead generation they are adopting to sell domains. In short, my point is to know which methods (other than outreaching) is working best for them and bringing in sales, domain marketplaces, own sites or something else.

I will say it again that I am good with patience and can wait a longer to sell my domains for the right price. But still, like I said in my previous post, the ball hasn't started to roll yet for me and I want to figure out a way (or ways) to get a single sale done to get the game started. Besides, bringing in my first sale would 'officially' entitle me to call myself a 'domainer', lol.

Cheers,

 

[JamesCrew]

You said you don't want to sell $20 or $40 domains because its not in your plan. <-This is the reason you haven't sold a single domain yet. Let me explain.

I was hoping to get this type of response, lol.

Mate, I frankly have to disagree with you on that. Just because I have set my goals a bit higher (not high as xx,xxx range) that doesn't mean I will never sell any domains. Secondly, I am a newbie and I still am working on how to fairly price my domains. It's a major factor that can either make or break a sale and the business all along. But pricing my domains in xx range just because I want to start selling domains wouldn't do me any good as I value my domains more than that (just like every domainer loves their domains; right, hehehe.)

Secondly, I admit that not every domain is the same and holds the same attributes taking under consideration so many things, but still, when I buy a domain, my goal is to sell it for low or mid four figures. Why you might ask? Because the majority of my domains are based on tech related/industry trends. And I am positive that these can be sold for a fair price, but selling them for $20 or $50 a piece just to get started wouldn't be a fair deal. Just my two cents.

I like steps you've mentioned but you know what they say, there are different ways of doing a single thing. My way of doing things may be different and more effective from others (just as soon as I figure it out, lol.)

Thanks for your response and advices, appreciate it.

 

[Shams]

Ever notice that a lot of lottery winners end up filing for bankruptcy? Ever notice that a lot of kids who's parents left them money, go broke?? This is because they never 'learned' the experience of earning money, they were just handed it.

I take the same perspective on selling. If your not willing to start small, then you will miss out on 'learning' and the experience what comes with each transaction. Example.. if you had already been selling on ebay or flippa you would gain the 'experience' and confidence from each sale.

Do you know the tips and tricks of selling on ebay or flippa? NO, NO you don't, because your pride won't let you experience it. You have convinced yourself that you couldn't gain anything from starting small, however you have missed out on the important part.... experience. And hence why you created this tread and don't have a single sale yet.

My point is, if your not willing to gain the experience needed to succeed, then don't be surprised when you lack the knowledge, confidence, and reputation.... and instead rely on using 'hope' to sell your domains.

I'm completely agree with you.As i said before i started with $19 and today within 6 months i have $6.9K investment and i already made $5.4K in profit.Thanks to Efty.com to account that for me.the point is selling from small amount will definately give you experince, confidence, exposure, trust in buyers.

 

[Skyvisum]

@JamesCrew I would suggest you look at money differently. This really helped me when i learned this

Instead of 'trying to make more money' i suggest you try to 'double your money'. And change your beliefs about money. You said you don't want to sell $20 or $40 domains because its not in your plan. <-This is the reason you haven't sold a single domain yet. Let me explain.

You have to start somewhere & it only takes 20 'steps' to double $1.00... 20 times to make a million dollars.

example:
1) 1x2=2
2) 2x2=4
3) 4x2=8
4) 8x2=16
5) 16x2=32
6) 32x2=64
7) 64x2=128
8) 128x2=256
9) 256x2=512
10) 512x2=1,024
11) 1,024x2=2,048
12) 2,048x2=4,096
13) 4,096x2=8,192
14) 8,192x2=16,384
15) 16,384x2=32,768
16) 32,768x2=65,536
17) 65,536x2=131,072
18) 131,072x2= 262,144
19) 262,144x2=524,288
20) 524,288x2=$1,048,578

Im currently on step 17 and started with a .99 cent Godaddy coupon code. It didn't happen quick, but it did snowball like the example above. Now that I only have 4 'steps' to the finish line, when i buy a bunch of domains i count them all as one 'step' until i reach the next 'step'. I look forward to buying a 100K domain name and then a $250k domain name

The hardest thing to do is convince yourself there is no difference between $1, or $100 or $1,000 or $10,000 or $100,000. Once numbers are no longer viewed as 'money' it becomes a very doable goal if you don't set a timeframe. Also keeping your day job is key so you don't spend your profits.

Hope this helped! I know it helped me since i started looking at money different.

Thanks for above write up.Will apply as I learn more about domaining invesment

 

[Grego85]

sure you can put a 7 day auction on Godaddy, too bad no one will ever see it!

 

[vicky4712]

See,this depends upon the quality of your domains,to make a sale.Good and premium quality domains sell faster in any market place.You can also try using estibot end user tool to sell domains to end users looking to start their own website/business.Here the domains sell in a range of 100-150 USD.

 

[Enfant]

I will give an example of Facebook's Mark Zuckerberg. He was approached by Bill Gates in 2007 (if I can remember it right) and Bill offered $5 Billion to acquire Facebook.

Really, you know nothing about domaining. Not only you didn't have sales, but you didn't care to read this forum well to understand basics.. ABC!

Facebook is BAD example. Totally wrong example.
There is no comparison in terms of sale and strategy between:
1) Domain
2) Site and domain aka developed domain (with site sitting on a valuable domain)
3) Good site (and social networks are very promising in liquidating) sitting on ANY domain.

Please, swallow your pride and read the forum well.

 

[900Worldwide]

The way to sell your domaims fast is to list them on a marketplace with end users.. Go daddy, Flippa, Sedo, etc.. If you want to sell your domains even faster buy a premium upgrade for $250 on Flippa.

It's better to pay for the advice you can afford then to expect it for free...

 

[JamesCrew]

Your "wow" will not make wow anyone here. Saying "rude" and "ignorant" - that's already being personal with me.

I didn't say anything bad or personal to you. The truth hurts, but lies hurt more! Ignorant? I have spend one hour of my time instead of registering and selling domains I took my time to read your topic, to understand you and trying to help you. As for the "rude" - it is out of my vocabulary, sir.



That MATTERS! You just don't want to learn! Again and again you keep repeating the same thing.

Business is general word. You can't compare the selling of jewelry to selling cars. And in real estate: if you sell land - it's totally different of selling raw land to condominiums, raw land and "land with improvements". No comparison of selling just a domain or Facebook site! Please, read topics of Eric here on how to sell domains with developed sites on them. And learn some patience before to call someone "ignorant".



You are not in position to teach with bold letters what other "should have" to do. If you are that great in domaining then why to come to the forum and start this topic? Instead of spending your uncontrollable emotions here you could just go to opencart and create your marketplace. There is one guy here at the forum who offers free marketplace site specially for domainers, how come you didn't approach him during all these wasted years of your "planning"?



Professional domaining = post count & signup = no comments!

Instead of wasting my emotions on people and their off-topic posts, I would rather prefer to dig deeper to learn more here from now on. And FYI mate, I am not trying to WOW anyone here, just trying to learn from the best community.

Secondly, mate you are wrong when you say I don't want to learn. Because that is exactly why I am here and that is exactly why I have opened this thread and that is exactly why I have been studying domaining since 2009.

You ask why I haven't reached that marketplace setup guy? Well, I don't think you are in a position to suggest me anything like this as long as it's not asked and is not relevant to this thread. When I need a site setup, I can browse marketplace section myself. Thanks for your advice though. Or should I say no thanks.

"You are not in position to teach with bold letters what other "should have" to do."

This attitude of people is the main reason why newbies don't get enough knowledge out from domainers (not being personal here). I am a newbie and I am willing to share my learning experience even when I have a very little of it, but instead of joining in, you are telling me that I am not in a position to teach anyone! Wow again mate.

If you have read my previous posts "carefully", you would have been more constructive rather than imposing your thoughts without any base.

Mate, you have proven the 'ignorant' part again when you again mentioned "No comparison of selling just a domain or Facebook site!". I clearly mentioned in my post that it was just a GENERAL EXAMPLE. Not that hard to put 2 and 2 together; is it!

Yes, I plan things and I keep repeating it because I find people repeating their same baseless theories over and over here. Doesn't that sound justified? Or is it like whatever you think is right should be preached and imposed on others by you, and others can't share their knowledge or defend themselves!

I don't see how domaining is not like any other business (other than few minor differences.) You buy domains, you find/expect customers and you sell domains to them. At least that's what I've learned from successful domain sellers.

To you, may be selling jewelry and domains are different but my friend, it's the approach what matters and that's what I'm trying to learn, groom and implement.

"Professional domaining = post count & signup = no comments!"

Not sure how you took my posts but again an irrelevant comment. I tried to answer your question regarding how much I am learning and engaging in this forum by giving the signup and post count reference. Never have I asked or pointed out anything about professional domainigng Ma'am. Don't know why you are not being so helpful here (oh and just by saying 'trying to help you' doesn't actually mean anyone is 'trying to help anyone'.)

Humble Request to all NamePros Members: I indicated earlier in my post that this thread is going way off-topic. Please if you want to share your thoughts, try to be constructive and relevant. Any person in his/her right mind can figure out when they see an advice or a negative, baseless, off-topic criticism. We are all here to learn and share experiences. I am here to learn and I am open to take any constructive (even if it's a negative) criticism, but it should be based on my original thread topic. I would appreciate if we all keep things that way.

Cheers,

 

[JamesCrew]

Well, I'm not sure how you will take my answer, but I will try and help, by sharing my random thoughts with you.

But, there really is no venue where you can sell domains fast. And most domain sellers would ask why you would want sell them fast. Warning - If a buyer senses you are in a hurry to sell they will possibly use that against you.

So in order to have the best chance of selling domains, bear in mind the following:

1.) The profit comes from the buying, not the selling - buy cheap to get the biggest profit and then you don't need to hold out for 'top dollar' - leave some skin on the bone for the next person.
2.) Domain names are not pets or children. So never form emotional attachments to them. They are just stock to sell.
3.) We all buy garbage domains. Be brutal with your portfolio.
4.) End users give you the best prices. But they are hard to find. Ideally, you want to be on the phone speaking directly to potential end users to get the best prices.
5.) Keep improving your sales techniques - learn from the best by reading, YouTube etc.
6.) The content on DomainSherpa.com amounts to an MBA in domain name buying and selling domains (in my opinion). Every time I watch the videos on that site again I learn something new. DomainInvesting.com and DNJournal.com also are essential reading. the more you know the more opportunities you will find to make sales.
7.) Flippa, Sedo and direct contact with potential buyers are the only strategies you need to get started.
8.) Low value sales are fine. But only for low value domains. Don't waste your time buying low value domains dreaming you are going to sell them for thousands. Look at sales on NameBio.com, DNSalesPrice.com and DNJournal.com to see what domains are selling for and why.
9.) Selling OK domains for low prices is worthwhile so that you learn how the transfer processes work, so you build up a good reputation and get good feedback from buyers and the small profits from each one you sell all ads up.

All these tips help you sell your domains faster, and help ensure you get the best price possible.

Also, I also think that almost all of the advice on this thread is good, too.

Hope that helps.

Thanks for your response mate. Now that's the part where I can say: 'we all can recognize a valuable advice when we see one.' And just like other members who participated here, you have done a tremendous job in laying down the process step-by-step. Really appreciate your input mate.

Totally agree with you on the "don't be in a hurry" part. And I am not at all in a hurry to sell all my domains because in my limited domain portfolio, I do have couple of domains related to future trend (fog, IOT, etc..) And I know now is not the right time to expect anything big in terms of their sales. So I am all good with waiting.

By 'selling domains fast' I didn't mean to give an impression of selling domains instantly right after purchasing them. What I meant was how can I sell small business (liquid) domains fast. I asked this because prior to this forum, I have read in many domain blogs that small business domains can be sold instantly as minimum as in a month's time. That's why I wanted to have some input from pros at namepros about what to buy and where to sell these hot cakes to get some cash flow?

If I am not wrong, I came to know Adam Dicker through DomainSherpa and I love what Michael Cyger is doing. And almost all of the videos I have watched so far are inspirational and full of actionable techniques. However YouTube wasn't on my list, which is now. Thanks.

So far what I have learned and as per my knowledge and observation, Flippa and eBay aren't the right places if you have low-to-medium type of domains. However, I am trying to test eBay market further but still no positive results. Just re-listed my domains yesterday (one domain being almost 14 years old.) Let's see.

Lastly, can you share how did you manage to sell your domains (outreach, end-user contacted you, domain marketplace?) And what type of domains were they?

Can you also clear by "OK" domains, what type of domains you mean? And what domains would you recommend buying that could attract buyers VS domains we normally pitch to buyers (any specific industry/business/niche?).

Cheers,

 

[kawalsukhi]

Let try Godaddy 7 day auction and Flippa premium if you have really good names!
Good luck to you!

 

[garptrader]

I see far more sales volume at Godaddy than any other channel. That said Godaddy sales tend to not be of the $XXXX variety but in most cases $XXX and in recent months mostly low $XXX. Shorter domains which make sense for a business are more likely to sell. Most of my sales the last six months were 15 characters or less (excluding the TLD). Given that sales over $1000 are rare for me and only a small portion of the portfolio turns over annually, I don't view the acquisition and renewal costs of the new TLDs as worthy of investment.

 

[sircles.net]

We sell on a lot of domains for various companies here in the UK and we do have success with emailing prospects and also on forums such as namepros.

Websites are obviously more appealing as they have a definable customer base and a recognisable revenue but we have recently sold:

mediasales.co.uk
stingray.co.uk
schoolsupplies.co.uk

We are currently marketing many more...

We have our own advice on selling at our resellmydomainname website which is a .com where you can also find our current list of domain names for sale.

 

[Igor Mironyuk]

I think that easy sell domains (even with high traffic) via brokers and such markets like Sedo, SnapNames, Afternic , etc. Because that list your domains on your own site you will need time & money on hosting, other services applicable to the site and of course good advertising that have good traffic and authority on the Internet.

 

[pablohc86]

@Omar Negron & @pablohc86 - You nowadays can list your domains on Afternic, and they will show up on both Afternic & GoDaddy. That's 2 market places with one listing. It doesn't work the other way around.

wow, really thanks for this information.
what are the requirements to do this? simply having an afternic account and selecting to put the name on both listing?
if u have a link and you wanna share i'll glad to read it. i'm quite busy these days to research by my own.
your help will be appreciated a lot

 

[Omar Negron]

@stub - I heard if you list via Afternic, you would have to list it at a BUY IT NOW price though. Is that correct? This way, it would be listed as a premium listing via the Godaddy platform? (premium lsitings must have a buy it now price)

-Omar

 

[JamesCrew]

First, sorry for not being here for some time. Was busy with some personal stuff along with my site development. The good news is the site is 80% done. So hopefully it will be live by next week or so.

@SpareDomains thanks for your response mate.

I am the type of a seller who can wait for the right deal. So forums, flippa, ebay may definitely not for me (at least not now.)

@stub nice to have your input mate. I recently added my names to Afternic so let's say I am already onboard with these two platforms (plus SEDO as well.) Let's see what happens. Also, would it be O.K. if you will share what type of domains you normally successfully sell on GD Auction (or may be just give us a hint, lol?)

@pablohc86 thanks for your participation, appreciate it.

Totally agree with you on the 'exposure' part. That is exactly why I am developing my own site and will market it to get some good target/potential traffic.

@Omar Negron thanks for stopping by mate. Nice input. I have also submitted domains to marketplaces so wish me luck too, lol.

PS: I would mention it again here that we are all know that there are 'liquid domains' out there that can be instantly sold to small business owners. I still haven't got any response in this regard from any namepros member here. Hope my question makes sense.

 

[JamesCrew]

@JamesCrew - There is no common theme running through my sales, except they are always .com and I stay away from long tail domains, so they are usually 2 words with a maximum length of 12 chars excluding the .com ext.

Nice, care to share which niche/category you sell more as compared to others (means, small business domains, tech domains etc.?)