Things you should know before you sell.
The task of selling a domain is never easy, but with the proper preparation it can be done in an efficient and timely manner that still earns you a profit. As a seller, you must not only be conscious of your own expectations of the selling process, but also of the buyers, and approach the situation very open minded.
Determine the Demand for the Domain
While you may be prepared to sell your domain, you will also need someone who is prepared to buy it. Determining the best time to sell your domain can make all the difference when it comes to receiving offers, negotiating, and making a profit. By waiting to sell your domain until there is a significant demand, which may be brought on by current trends or news, your desire to sell will be matched by buyers desire to purchase. When a domain is in high demand, you will have more interested inquiries, stronger bargaining power, and the ability to earn a higher profit. On the other hand, if there is no demand for your domain, then it might not be the best time for you to market your domain.
Let the Market Know Your Domain is For Sale
Once you’ve determined that there is a market for your domain, you’ll want to let buyers know that it’s available and where they can find more information. Parking your domain is a great way to market your domain, while also earning some money. By parking your domain, buyers who turn to search engines, or directly type in your domain into the address bar, will have the opportunity to see that the domain is for sale and who they should contact for inquiries.
Making connections with bloggers, who post relevant content about your domain name, can also be a great outlet for selling your domain. Having them get the news out about your newly available domain can help you reach a greater audience and sell your domain even quicker.
Price is More Than Just a Number
As a seller, you want to earn the greatest possible profit, but it’s crucial that your price is still reasonable. While you see may see dollar signs as profit, buyers’ perception of the price includes many more factors. To buyers, price communicates value, popularity, and development opportunities, so it’s essential that the price properly represents the domain’s worth.
Not only is it important that you choose the right price, but you’ll also want to include the price you decide on wherever you are listing your domain for sale. By adding a price to your domain listing, you will encourage serious buyers to contact you because they will be feel more prepared going into negotiation.