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Sunday, September 14, 2008

sell domains through domain brokers ?

1.) what is the worth of my domain name ?

Worth of domain depends on its demand, If your mail in-box is filled with offers for your domain name on a regular basis, your domain worth's more and you can easily judge the price of your domain as most of the buyers will mail you like "i need this domain and i will pay you $ xxxx like this" and you continually mail Higher offers needed like that for average sale prices. If you find out that he need your domain at any cost " you can demand in Millions"

On the other hand if you didn't receive any offers for your domain then you have to spend to promote your domains. Normally domains sold from Low $ xxx to even Millions of dollars. In this case the price greatly depends on how fast you wish to sell your domain name, promote and make others gets interested in your domain. Currently fund.com was sold in the early 2008 for 10 Million US dollars. Companies and individuals are ready to pay such a big bucks to acquire a quality domain. At present companies and individuals who are new comers for online presence are even ready to pay more to acquire quality domains.

Even then price your domains in the price range with mid of $ xxx to low of $ xxxxx. except if you own a domain which gets a lot of offers. You have to spend to promote and sell your domains, so don't sell your domains below mid of xxx Dollars. make efforts to get high offers from domain buyers

Please note if you are unaware about the worth of domain names. you can't sell your domain name for real prices. as every one wants to grab domains at cheap prices.

2.) Will you please appraise my domain name ? what do you think about the worth of my domain name ?

you can check with the previous domain sales at Dnjournal, Namebio ETC, even though so many software appraisals are available for free at various sites. I think that some free manual appraisals are also available, Make a search at Google / MSN / Yahoo i think name boy offers it. You can get some manual appraisals at several domain forums, which are quite valuable for low profile domains.

However if you own a Great Name. Just refer various domain forums and view appraisals, make a question how appraisals are made, but never tell your domain name for appraisal, such appraisals will reduce the value of your domain.

3.) I heard that even high offers for domains are refused by domain sellers ?

Most of the domain buyers make very low offers, they will tactically try to grab your domains at much cheaper cost that the prevailing market prices. Once you get a high offers from some end users, you can easily judge the potential value of your domain name, at the same time if you get some professional appraisal from multiple appraisers.

You can have a clear cut idea about the value of your domain, and you can stick to your final price, even the high offers from others point of view looks low and hence you can simply refuse those offers.In such cases you can even hire a domain broker to place your domain on his home page. such broker sites have millions of page views per month and you will get more offers for your domain.

Domain brokers also make end user campaign to sell domains to end users.end user prices are several times higher compared to ordinary domain sales. You have to pay a small percentage of your sale price [ Generally 10% ] as domain broker fee.

4.) What is the maximum price of a domain for sale ? high offer price ?

At few domain market places as well as domain auction sites, you may find domains listed for sale with asking prices in millions of dollars. they listed them with hope that it will sell for millions, and with that motivation they pay their renewals again and again for several years with no buyers.If you carefully look at them. you find that there is no sales correspondence. so if you feel your domain will cost millions, no one will help you to sell your domain. most of the domain brokers wont even list million dollar domain.

5.) I have a Million dollar domain ? I wish to sell ? How to start the domain sales?

It is very easy to sell a Million dollar domain, either at domain auction sites or at domain market places. You have to list the domain at very low asking prices, Just ask to make offers accept offer when your reserve price met, else wait until the domain sells

Where as domain broker site like ours will start domain auction at low asking price and will proceed up to 7 days. when your domain receives offers higher than your reserve price then we will sell your domain on behalf of you and hand over the cash to you and transfer the domain name to my client. we offer domain brokerage service for a small fee of 10 %.

6.) Does selling my domain name make me rich ?

It depends on your domain name and how lucky you are. But most high priced domain transactions are done some where by well qualified professional as deep secrets. Most of the domainers wont even reach that line, on the other hand you can make some money if you register some good domains and sell them, But you wont become rich from them. At the same time you can leverage the potential in your domain when you establish a business on your domain name. Like a job site, dating site, mailing service ETC. Some people even make good money from selling domain names. So don't try to approach domain sales as a get quick rich scheme, such a luck happens to very few domain sellers only. may be, you also a one in that, But please dont build air castles. wait and see such lucky domain sellers with great domains.

7.) What is the current position of the domain market ?

It is very difficult to precisely tell about the position of domain market. Few high profile domains are sold privately in a secret way. Most sales price will not be publicly revealed to the market.few B2C sales is also kept secret. Most of the domain sales at domain broker sites are of low value ranges from low $ xxx to high $ xxxx only. Please note it is a 2 billion dollar industry. If a domain is sold at domain broker. then the domain sales will be published by major domain journals and news agents. Most sales are being transacted directly between the domain buyer and seller i.e 1 to 1 sales, no middle men. But rare.

8.) Which domain broker is best?

I am answering this once again for domain sellers, so as to help them. One who responds your mails at a faster rate, and completes your domain sales and all transactions on behalf of you, takes much responsibility to sell your domain names. first thing is to check the listed domains whether his own domains or others, did any sales or not. Listing at different places gives more visibility for your domains. whether he sells or not list there, if it is free. paid listing is not required except home page listing.

Most of the domain brokers offer similar service, either big or small. It should be active. some sites acts as domain brokers, just write blogs, reviews, forums or list their own domains ETC. but don't work to sell your domains.

9.) How do i choose a domain broker to sell my domain names ?

check out for the domain brokerage fee, check with similar domain broker sites, is it equal to other brokers. Is there any any track record for any sales made so far. even though many brokers are new, even i, just offer an opportunity, you are not transferring your domains, just mail set of domain names to list at domain brokerage site

You have to check a few

> The brokerage commission rate. Most of the major domain brokers offer same fee. major brokers wont charge any fee to bidders to make a bid as it affects their business.

> Does the broker have a sales record, don't hesitate to ask questions to domain broker and check how fast he responds to your questions, with responsibility.

> How many names are listed, who is their owners check with who is database.

> How easy it would be for buyers to navigate through the site, and make a purchase with trust.

> Check for domain prices listed there, are these with in your price range,means affordable.very low prices means worst, very high means unaffordable, Moderate pricing is better for business.

> Does site offer minimum offer prices, BIN prices etc (or) only make offers.

> Do business with more than one domain broker. Try to increase the exposure for your domain names as much as possible.

> At last don't be more greedy, glance at broker site will show 100's and 100's of domain names for sale. Don't price your domains just like some thing by your self with " out of market prices"


10.) What i have to do if i had a good experience with a domain broker ?

The domain name market is still young, you can spread the name of domain broker at few forums, comment at blogs, tell your friend, spread word of mouth. You help more domain buyers and domain sellers to make business with us. At the same time more chances for your domains to be sold. all sorts of priority will be given to friends who offer initial help to build our business, that is a general thing you know. Don't forget to place a link point to the site home page, if possible.

11.) what if i have to do if i had a bad experience with domain broker ?

Don't do any further business with him, make your friends and well wishers to be aware of that domain broker. If possible mail an advice to the broker to correct his activities, as it affects his business. I also invite happily if you offer constructive criticism.

12.) Some one wants to buy my domain name ? i am worried about scams ?

If you wish to sell domains for the asked price, you can directly ask the domain buyer to raise an escrow. but at your risk. You can hire a domain broker who can act on behalf of you, to do the transaction. If you think that your domain will sell for higher prices, you can list your domain at the domain broker site and divert that buyer to domain brokers site. when ever an offer gets received you domain will be subjected for a 7 day auction to get multiple bids so that your online property will be sold for higher prices.

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