If you have a domain name that you want to sell, you may be able to make quite a bit of money from it. This does depend on many factors, however. To help you, below are three tips on how you can get the best price for your domain name.
Determine the Value
Before you do anything, you need to determine the value of your domain name. There are many ways you can do this. One way is to talk with an appraisal service. You can find these services online. If you choose this, use several services instead of just one. This will help give you an idea of how much you can expect to be paid for your domain name. This will also prevent you from asking too much for the domain name, as if you do it would likely not sell.
Another way to determine the value is to know what other people are selling their domain names for. You will have to do a lot of research this way, but you may get the best approximation of what your domain is worth. There are websites that list domain names and what they have sold for in the past.
Know What Makes A Domain Name Worth More
There are many factors to consider on what makes a domain name worth more than other names. One is the length of the domain name. A shorter length is much better than a long one. This is because it is much easier for someone to remember a site that has a shorter name. How long your domain name has been active can also make a difference. The longer the site has been live the more it will be worth.
The extension used for your domain name is another factor. The most common and best type is the .com extension but you will find .net extensions used. The .dot com will make your website more valuable because most browsers will default to .com websites. Most people typing in the domain name will automatically use .com.
How to Sell Your Domain Name
When it comes to selling your domain name you can do this on your own. It will take a lot of time, however, and you may not know how to correctly do this. In the end, you may sell your domain name for much less than what it is actually worth.
Instead of doing it on your own, hire a domain name broker to help you. This professional is experienced in buying and selling domain names for other people. They also have the experience and knowledge to get the right price for your domain name. This broker will likely have your domain valued on their own. You will have to pay the broker a percentage of what your domain name sells for, but this can save you a lot of time and money in the long run.
Talk with the domain name broker that you hire, and they can give you much more information.