The final stage in the domain flipping process is selling your domain. The domain selling process can be lengthy depending on the popularity and value of your domain and mostly requires patience. Once you have registered a domain and undertaken the aforementioned steps and processes of optimizing the domain for SEO, promoting the domain, as well as leveraging different tools for maximizing the domain’s potential, the next crucial step is selling.
When selling your domain, it is important to carry out extensive market research regarding the most viable marketplace options based on services offered, fee charges, traffic, and exposure. Further, it is essential to evaluate the value of your domain to prevent selling potentially valuable domain names at cheaper prices or overestimating and overcharging a domain name whose value is considerably lower.
This checklist is a guide for the factors to consider when selling your domain name.
Step 1 – Registering your Domain
1 Check that your selected registrar is reputable
2 Avoid using agencies or brokers when registering your domain
3 Check that your Whois guard is enabled to protect against theft and hackers
4 Set your domain to auto renew to avoid expiration
Step 2 – Valuing your Domain Name
5 Check that your registrar is reputable
6 Calculate the value of your domain
7 Source expert valuation for your domain
8 Consider using automated domain appraisal services offered by your registrar
9 Leverage appraisal tools such as NameBio.com to conduct comparable sales of similar domains
Step 3 – Listing your Domain
10 Select marketplace options based on your domain name niche
11 List your domain in the selected marketplaces
12 Log in the price
13 Include Buy-It-Now price and “Make an Offer” options
14 Include a ‘For Sale’ landing page on the domain
15 Sell your domain name at auctions
Step 4 – Selling your Domain Name
16 Consider finding buyers through outbound sales
17 Consider hiring domain name brokers
18 Use escrow services for safe transactions
19 Transfer the domain
Notes:
- Ensure you have received funds before transferring the domain name
- Registrars and domain marketplaces such as GoDaddy, Namebio, and Sedo offer appraisal services such as GoValue appraisal tool and Estibot
- For brandable domain names, list them on Brandbucket, Brandpa, Squadhelp
This is the last checklist in the “Domain Flipping” series. To find all check lists simple type “Domain Flipping Checklist” into our blog search feature and all checklists should come up.
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