The Worst Mistakes You Can Make Selling Domains

[RWAC]

What are the worst mistakes you can make selling domain names?

 

[owntype]

Selling aljdljadf.com but wrongly pushed 01.org? :yell:

 

[randomo]

1. Asking for too much money (and scaring away buyers).

2. Asking for too little money (and losing valuable domains cheaply).

Just avoid those two and you will do well!

 

[Spade]

Being the first to set the price. Always ask for an offer from anyone inquiring.

 

[shockie]

not using an escrow service for large transactions.

 

[jacal1]

Not selling niche domains when you get an offer. The second offer usually never comes.

 

[JoeCanadian]

Selling your domain on EBay.

 

[superprogrammer]

Buying in GBP and selling in USD :lol:

 

[VURG]

Borrowing to pay for domains that you don't want to renew but being too proud to drop the domains that you shouldn't have bought in the first place.

 

[Jammer]

1. Asking for too much money (and scaring away buyers).

2. Asking for too little money (and losing valuable domains cheaply).

Just avoid those two and you will do well!

Bingo...that says it all right there.

 

[sker]

Not selling niche domains when you get an offer. The second offer usually never comes.

VERY true


V

 

[Name Trader]

Not researching a) the value of the domain you are selling, and b) the buyer.

 

[VURG]

I once gave a domain to somebody before I was paid.

Big Mistake!

 

[-REECE-]

Not keeping track of foreign exchange rates if you deal in multiple currencies. Caused me to recently lose $50 on a name I sold for $130 more than I paid for it.

 

[htmlindex]

Selling aljdljadf.com but wrongly pushed 01.org? :yell:

:lol:

 

[Tippy]

Selling domains to a reseller rather then an end user... end user sells are where the $ at.

 

[gramma]

Selling because you need the money.
Don't sacrifice a quality name because you're broke. You'll be sorry!

 

[tristanperry]

Selling domains to a reseller rather then an end user... end user sells are where the $ at.

True, although selling to the former is about 100 times easier

 

[RWAC]

Buying in GBP and selling in USD :lol:

Made me smile this one. Although of course quoting in GBP Sterling helps because the price looks a lot lower, they only get a heart attack when they convert into any form of dollars.

For those of you that are unaware, the conversion is that 1 pound equals about 2 US dollars give or take.

 

[bricio]

Not keeping track of foreign exchange rates if you deal in multiple currencies. Caused me to recently lose $50 on a name I sold for $130 more than I paid for it.

hey Reece, i think this may help you in future transactions!!!
good luck