Are you in domain flipping business and want to learn the art and techniques of selling a domain successfully and profitably?
Then this article is certainly going to help you.
Domains are like internet real estate and as a domain flipper, it’s crucial to learn the art of selling a domain name at the highest possible price.
There are domains that have been sold for millions of dollars.
Here’s an Wikipedia article listing the most expensive domain names ever. It’s true that people have paid that much to acquire just a domain name.
So you can imagine how much you could have earned if you were the owner of one of these domains. What could have happened if you registered such a domain on your name before it was sold.
You would have been a millionaire now.
But what made those simple domains sell for millions?
The fact is that the names may look pretty simple in your eyes. But the people who purchased the domains definitely saw something entirely different or they were made to see something different.
This is the art of selling a domain name at the highest price.
You need to learn the art of showing the highest possible value of your domain names in the eyes of buyers.
That’s what will make people buy your domain names.
A domain name is not just a name. But it’s so much more than this.
Every online business starts with a domain name. It’s the first thing people would have to remember when they want to visit your site.
It doesn’t matter whether your business is a million-dollar business or a small online business, you need a domain to start.
People dream of certain kinds of names for their businesses. If your domain name meets their expectations or if it’s exactly what they want, they wouldn’t mind paying hundreds of dollars for it.
So how would you sell your domains at the highest possible price?
Note that Brandable Names Always Sell More
Brandable domain names are sold so much than any other types of domain names. These are domains that sounds like a great brand and can easily be associated with any businesses.
Big businesses spend thousands of dollars to build their business.
They wouldn’t mind paying you that much money to acquire a great domain name that you own.
Don’t believe me? Visit BrandBucket and see how much most of their domains cost just because of their great brandability.
It’s one of the most visited online marketplace for creative and brandable business names. Most of their domains are sold for thousands of dollars.
And yes! People do purchase these domains.
So if you are into buying and selling domains, buying brandable domain names puts way ahead of the game and ensures your success.
See How Matt Sells His Domains for Thousands of $$$
Branded Logos with Domains Are Quite Important
When you are selling a brandable domain name, it’s crucial to have a custom logo with it. You can hire logo designers to make creative logos for your domains to make it look way more nice at the time of selling.
Below are some awesome domain names with custom logos.
Creating a custom logo doesn’t require a lot of money to be spent and it increase the chance for your domains to be sold at the highest price.
Although sometimes it gets expensive to hire high quality logo designers, most of the times you find people to do it for you for mere $5 or $10.
One of my favorite place is Fiverr. Here you can hire high quality designers paying just $5 per logo design.
However there are many other places online where you can hire people to do it. So I don’t think that it should be a problem for you.
Please note that it doesn’t guarantee that your domains would be sold. But it increases the chances exponentially.
It’s Highly Important to Choose the Right Place to Sell
Although there are so many different places online to sell domain names, it’s important to stick to the best ones always.
One of my favorites is Flippa.
The above article describes some of the best online platforms to sell a domain name. Hopefully you would make a profitable sale.
But still you should remember to write a great description that focuses on the value of your domain and why someone should purchase it.
Write a description that answers all the questions that an interested buyer might have in mind. Be realistic and don’t make false promises.
Visit Flippa and read the descriptions of some of the recently sold domains.
This will help you write your own descriptions.
Don’t Keep Unrealistic Expectations
Although many domains are sold for thousands of dollars, it’s not realistic to think that all similar sounding domains can be sold at such prices.
You domains may not even be sold if the asking price is pretty high.
However if your domain name is highly valuable and a fantastic name, it might hit the big figures. The domain should deserve to be sold at high price.
To give you an example, OLED.COM was sold for $56,100 USD.
It had whopping 178 bidders. They were all bidding to acquire this wonderful domain name and was ready to pay right away.
At last, it was sold for $56,100 USD.
How much you could have earned if you registered this domain for $10?
Although the story is not always same, it can be depending on how well you choose your domains and how effectively you promote it to the right people.
Below is the description used to sell OLED.COM
No doubt that the listing was highly successful.
So you can see how much people are ready to pay to get the right domain name. This is what makes domain flipping business highly profitable.
Although you may not always be able to sell domains for thousands of dollars, but you can always make high profits selling a domain name.
It’s not uncommon for a $10 domain name to be sold at $100 or more.
You can literally turn $100 into $1000 quite easily with the right methods and right guidance. However, success cannot be guaranteed.
But the possibility is very very high.
If there is any business online that can make someone a millionaire, domain flipping is one of the best ones. I am sure you have now realized its potential.
To sell a domain name at the highest possible price is certainly an art. But the above three reasons influence a successful sale the most.
Please note that there may be many other factors that might help you sell. But I don’t believe those are very important.
With experience you will slowly learn the art and techniques.
But as a beginner, you should mostly focus on these factors only.
You need to buy the right domain which is brandable, make a high quality logo for the domain and make people see its highest value at the best platform.
That’s how it’s really done. For step by step guidance in domain flipping business, I highly recommend you to see this.