At some point today, there’s a good chance you’ll end up with a domain you own but no longer need. Instead of allowing that domain to expire, why not try selling it? You may be sitting on a private gold mine. Early retirement probably will not happen with only a few domains for sale, but you could still bring in some extra spending cash.
After all, if you decided to close your business, you would not simply throw away your leftover products or materials — you would try to capitalize on your investment and sell them.
In fact, there are businesses and individuals who regularly invest in buying domains. Whether you are an investor holding thousands of domains or simply someone with one name you no longer want to keep, you have options.
There are powerful tools out there that can help you get top dollar for your domain assets.
Still not sure? Take a look at a few top domain sales from 2019, courtesy of dnjournal.com:
- Voice.com — $30 million
- California.com — $3 million
- Nursing.com — $950,000
You could be sitting on a gold mine. Will your domain sell for that much? Maybe not, but you never know. The best way to find out is to use some helpful online tools that track domain names for sale. That way, you can get a better idea of what your domain might be worth.
Keeping tabs on domain names for sale
Before you place your hidden gem on the market, do some research and find a solid target price range.
NameBio. The best single place to check public domain name sales prices. You can even tailor your search to highlight similar words found in your own domain name. You will be able to see how domains have sold historically, and those comps can give you a useful estimate of your domain’s value.
Estibot. This site tries to provide an automated, free appraisal of your domain. Just make sure to use it alongside outside research. It is helpful to get a quick answer, but following historical trends and past sales is always valuable.
GoDaddy Domain Name Value & Appraisal. Backed by more than 20 years of domain aftermarket experience, this tool lets you quickly and easily get a free estimate of what your domain may be worth on the domain aftermarket.
By using these tools, you can build a better understanding of what your domain may be worth. At the end of the day, every domain is unique. List your domain at a price you would be happy to accept.
Posting domain names for sale
Once you have checked the tools and decided on pricing, it is time to actually list your domains. At GoDaddy, you can list your domain names for sale through Premium Listings and GoDaddy Auctions.
Premium listing
Premium domains are listed with a Buy Now price, and once they sell, they leave your account instantly and move automatically to the buyer. They appear for sale on GoDaddy when customers search for an available domain name to purchase.
The premium domain will also automatically place your domain on GoDaddy Auctions in most cases.
GoDaddy Auctions
When you sell a domain name through GoDaddy Auctions, you can list it in a number of ways:
Create a minimum reserve price
Using the traditional seven-day auction method, you can sell your domain to the highest bidder once the auction closes — as long as the final offer meets or exceeds your price. This is similar to eBay auctions.
Sell without a set price
Using an offer and counter-offer setup, you can entertain bids and negotiate pricing based on your needs. The domain name will only sell if you agree to an offer from the interested buyer.
Related: 5 tried-and-true tips for buying and selling domain names for profit
Afternic
If you really want to supercharge your ability to sell a domain, Afternic is the option to choose. Even though the platform is often used by professionals, it is open to anyone — and the cost is the same as simply listing your domain names for sale with GoDaddy. For anyone serious about selling domains, it is a no-brainer.
Listings through Afternic appear on more than 100 partner registrars around the world.
If they are listed with a Buy Now price, they will also appear as a premium listing at GoDaddy.
Even better, a Buy Now domain will show up on more than 100 partner registrars worldwide in addition to GoDaddy. That includes nine out of the top 10 most popular registrars.
And to top it off, managing your listing is simple. You do not need to worry about maintaining an account across all 100 registrars — you can update, manage, and handle your listing easily through Afternic, while your domain spreads across the network.
Listing at GoDaddy is good, but listing through Afternic is even better. Along with the increased exposure, you get access to Afternic’s sales team — experts ready and willing to answer buyer questions about your domain name. They even help close the deal. And because Afternic is owned by GoDaddy, you also get the same strong customer support.
In conclusion
Do you have any domain names hiding in your account? Do some research and find out what they may be worth.
Then head over to GoDaddy Auctions or Afternic and start listing. Why wait? Start selling your domains today and put a little extra money in your pocket.
