Whether it’s a full-time job or a side hustle, reselling domain names can be a lucrative way to make money online . You can buy relatively inexpensive domains and resell them for thousands or even millions of dollars.
However, to be successful in the domain selling industry, you need to learn domain valuation and investing knowledge, which newbies may not know.
That’s why this article provides a step-by-step guide on how to resell a domain name effectively. We’ll also cover the pros and cons of reselling domains and answer some of the most frequently asked questions about it.
What is domain name resale?
Domain reselling or domain flipping is the practice of buying domain names at a low price and reselling them at a higher price. Each domain pinball implements different strategies, but the idea remains the same.
What types of domain names are the best to resell?
When it comes to reselling domains, you can choose to buy new domains or expired domains .
Before buying an expired domain, use SEO tools like Ahrefs or Moz to check the quality of its backlinks profile and Page Authority (PA) . It’s also important to check the history of the domain to make sure search engines aren’t blocking it due to illegal activities by the previous owner.
How to resell a domain name
After learning what domain conversion is and what kind of domain to buy, you might be wondering where to start. Below are five easy steps to start selling domains:
1. Find a quality domain
To start, you will need to find profitable domain names that are worth investing in. The ideal is to choose inexpensive domains whose value is likely to increase.
These are some of the factors that contribute to the potential value of a domain:
Ease of research. Keyword-friendly domains generally have a higher market value because they help improve SEO. Use tools like Google Trends and Google Keyword Planner to identify popular search queries to incorporate into your domains. Some domain marketplaces, like Sedo , offer keyword research tools to help you come up with domain name ideas.
It is possible to purchase the domain name directly from the current owner. However, it would be better to know first who owns the domain.
2. Register the domain name
After performing a domain name search, the next step is to purchase and register it with a reputable domain registrar – a company licensed by the Internet Corporation for Assigned Names and Numbers ( ICANN ) and responsible for reserving domain names.
3. Estimate the price of the domain
Before putting your domain names on sale, it is a good idea to check their potential price. Successful domain flippers do research before pricing the domain to maximize ROI.
Research the domain market . Checking the selling price history of similar domains is a great way to estimate the value of your domain. NameBio allows you to do this by offering a searchable database of past domain name sales. Another good resource is ShortNames , which provides comprehensive information on selling and auctioning short domain names.
Sometimes your domain may sell for more than the reserve price. Note, however, that the sales process can be long and difficult.
Ultimately, it’s up to each domain investor to decide what works best for them.
4. Choose a platform to sell domains
For the domain conversion process to be profitable, it is important to find the right place to sell the domain name. Here are some options where you can sell domain names:
One of the best websites for listing domains for auction is Sedo . One of the main advantages of this platform is that it allows sellers to set a reserve price while allowing them to obtain higher bids during auctions. It also facilitates bidding for premium and theme domains. The only fee charged is a 15% commission on successful sales.
5. Sell the domain
After finding the right buyer, the next step is to sell the domain, which involves collecting payments and transferring ownership of the domain. These companies retain payment as a neutral third party until all contractual obligations are fulfilled.
Conclusion
Reselling domain names is a profitable, inexpensive and flexible way to make money online. It is the ideal solution for people looking for a complementary activity without great investment and without previous experience.
Before you decide to go into reselling domain names, you should be aware of the risks involved, such as unpredictable profits, infringement issues, and tax liabilities.
That said, once you’ve followed the best practices for finding valuable domain names, pricing them, and selling them properly, it’s easy to make a decent amount of money converting domain names.
We hope this article will give you a better understanding of domain flipping and help you achieve higher sales revenue.