This post covers an overview of the best marketplaces for buying and selling domain names online.
In the past, trading domain names was a thriving industry, with people conducting substantial business regularly. At the time, it was relatively easy to find domain names that were highly relevant to businesses.
These domains often carried significant value, leading many to purchase and hold them as investments.
However, to succeed in this space, knowing the best marketplaces to sell domain names was essential for making the process easier. While the domain market remains vibrant today, it has undergone several notable changes over the years.
It is a great idea to buy and sell domains and make a considerable amount of money. You are not required to build websites on the domains; instead, sell only the domains. You can also carry out affiliate marketing or try to build your own business. All such thoughts are tempting and can help you make money.
If a person is planning to start making some passive income by getting involved in this business, it is impossible. When you try to execute this business plan full-time, you will face many challenges.
Moreover, when you do it as a part-time job, it requires quite a lot of hard work. It requires intense research and luck to find domains for which people will readily pay vast amounts of money.
You can figure out whether you will succeed in the business strategy or your idea will go to waste. A significant factor that will help you determine it is to find a place that would be perfect for you to sell domains. There are several alternatives where you can do this conveniently.
Direct Offers Received
You can quickly receive payment for an unused domain by getting direct offers. You will receive an immediate offer when a buyer in the market has thought of the perfect name for their website’s domain. Unfortunately, they end up finding out that the domain is already owned by someone else.
Always remember that you should not keep your WHOIS information private. If this is the case, they will not be able to find out who the domain owner is. People generally don’t like to keep their email addresses public since they get many spam emails.
But if you want to do this business, keep at least one email public. This way, interested people can contact you effectively.
Keep a few details with you when you get direct offers:
- Receive payment before you transfer the domain to the buyer
- Avail a proper, written contract from the buyer to avoid future disputes
- If you smell something suspicious, don’t go for the deal.
The buyer pays the entire amount of the domain first, and then they get the domain transferred. Anyone cannot buy something from the store before they pay for it. The same transaction rules are followed in this case. Transferring domains is very easy; however, if you are not aware of the process, choose to get help from someone.
Best Domain Name Marketplaces
If you are not successful in getting too many direct offers for your domains, then you can consider hunting for the best marketplace to sell them. There are numerous designated marketplaces where domain names are bought and sold.
When you are looking for buyers of domain names to convert them into cash, you will find them effortlessly at such marketplaces.
List Of 6 Best Marketplaces To Sell Domain Names In 2024
1) SEDO
It is one of the leading platforms that allow the buying and selling of these unused domain names. It emphasizes only this business and readily gives several possible options to the sellers. They have several options for selling domain names. It is done either by direct auction, marketplace auction, direct offers, or broker services.
SEDO allows auctioning a domain as soon as the seller receives the first offer. The seller decides whether to sell the website or set the offered price as a minimum bid for that particular domain. This way, they can also get a higher price for that domain.
2) GoDaddy (Auction)
It is undoubtedly one of the best domain marketplaces where people can buy or sell domain names. When you list your domains in this Marketplace, you open up to selling your unused domain. You can also choose to fix the minimum amount for the domain at which you want to sell it.
You obtain several benefits by going for the services provided by GoDaddy Auction. They have a renowned name in the market; the process of their verification is in place, and they ensure that fraud is minimized. Their team is known to provide the best customer support, which backs the transaction and ensures that nothing goes wrong. It also has an option through which you can set the domain name to Premium.
Such domains have apparent value, and almost 99% of domains present under this category were quickly bought a long time ago. For these domains, a seller can also set a higher price. Moreover, they are also open to negotiations if the buyer wants to do so.
However, the professionals at Godaddy have a day to decide on the price and listing of domains. They can have their perception while they choose the value of domains. Moreover, to sell your domains on Godaddy, a seller will have to buy its subscription, which is offered at $4.99 annually.
3) NameCheap Marketplace
NameCheap has worked hard to compete with Godaddy in the business. This Marketplace provides numerous services, and therefore, it doesn’t readily come to the mind of sellers.
Because of this, they are not readily able to think of this Marketplace to sell their unused domain. However, a seller should not make the mistake of writing it off.
NameCheap does a great job of grouping several domain names of similar categories and prices. This makes it convenient for buyers to look for a domain specific to their niche.
NameCheap’s marketplace is continuing to improve, and it is moving closer to becoming the best Marketplace for unused domains. As the platform grows, the results from selling domain names will also grow.
4) Flippa
It is a marketplace that sells several online properties. It is in the business of previously established websites, online stores, and domain names. A buyer can choose to narrow down the search option based on age, price, end time, or extension. With such features, sellers can motivate their customers who use such tools to choose Flippa over other sites.
It is tough to stick out because of the massive number of created sites or domains already established. Flipps has an enormous amount of traffic and an excellent reputation as one of the best marketplaces for unused domains. You can effectively choose to sell domains on Flippa that are sitting around with you.
5) eBay Marketplace
You must have already heard about eBay. This is quite familiar to people. This indicates that it is again a popular marketplace. Surprisingly, you can buy and sell domains on eBay, too. As a seller, you can choose to list your unused domain on eBay to sell it out. When the seller is looking for buyers who are eager to buy domains, they list their eBay domains.
It allows minimum bids, and more importantly, eBay is not only limited to buying and selling domains. You will get exciting attention from buyers who are looking forward to grabbing a great deal.
6) Afternic
Afternic is another marketplace for domains. This place ensures that the entire process of buying and selling domains goes smoothly. They also take great care of new listings and premium domains.
This site performs many actions, and they rotate the domains on the first page of their list. This way, people will know the different domains that they have available.
Anyone can join Afternic for free, and they also allow other sites to pick up their listings. This ensures that they have a wide net of buyers and sellers. You will often see that their Dale page always brags that they have the highest sales on an average of industry domains.
Afternic is undoubtedly one of the best marketplaces for buying and selling domains. Their free joining is one of the best features offered. There are several other reasons why it is thought of as one of the best platforms.
Online Forums for Domains
Apart from the Marketplace for buying and selling domains, a couple of forums have a separate section for this. They are the DN forums and the NamePros forums. Sellers can also find a potential buyer from this domain.
DNforum
forum has the top four forums in the Marketplace. So, you can assume that this place will never fall short of domain buyers. You can learn several other things about domains from this place and gain confidence before you decide to sell your domains.
NamePros forums
The NamePros forum is more about domain names. A considerable number of people come here to buy and sell domains. Discussion on any topic related to domain names is easily found. Different sections are present for buying and selling domains and even for appraisals. You will find a more extensive group consisting of intelligent buyers here.
Why are tools of Domain Value wrong?
Domain Value Tools are undoubtedly the worst tools present. These tools are believed to calculate a domain’s value based on keywords and a few other parameters. However, these parameters are never revealed to the people. They are usually offered by people who tend to sell domains, such as GoDaddy.
A significant issue faced with such tools is that the results are entirely wrong. There is one thing that you will find with this tool. Even if you calculate the value of one of these weird domain names, it will show that the domain costs more than thousands of dollars. This leads to several questions in our minds that are more of common sense. When every domain is worth several hundred dollars, then how people buy domains for $20 annually, and sometimes even less.
The worth of a domain name is the amount someone is ready to pay. Such tools are worth nothing, and they just claim high value for anything. It would be best if you did not trust such tools at any cost.
Steps to selling a domain
There are several standards and pretty easy steps through which a person can quickly sell their domain. The Marketplace sometimes handles such steps partially, and sometimes, the seller is required to handle them directly.
However, the steps are all the same for every platform, irrespective of the platform used.
Decide to sell
You must be thinking that it is evident that the seller has already decided to sell their domain. But this is the point at which you start. Shortlist the domains that you wish to sell. You must also consider the ones that you might sell but are not sure about.
Pick a marketplace
At times, when you list your domain for auction on one site, they are automatically listed on other websites. Other marketplace options wish the listing to take place there. You will have to decide on a place where you wish to list your domain or be auctioned. You may choose to list them using several options.
However, multiple options are an effective way of getting several eyes on the listing that you have a domain for sale.
Fix the price
It would be best if you chose the price at which you want to sell your domain. This is one of the toughest spots. You don’t want to set an unrealistic price for your domain, and you also don’t want to sell it for less than its worth. However, calculating the value of domains through the domain value tool is useless.
However, if the tool offers a good appraisal from real people, then it is worth having. This way, your buyers will trust your domain more.
Create a listing that is the best.
This is one of the essential steps. You will have to look for things that make your domain stand out, among other choices. Look for the history behind the domain name to see if it can help you produce more authenticity.
You are required to set up a domain name so that maximum benefits are achieved. Achieve success with the help of tools that you have at your disposal. It would be best if you had a creative graphic in the domain so that it would attract more people.
A safer setup for payment
Ensure that the payment setup used is secure. This means setting it up so that people cannot withdraw the payment after it has been made. Several such platforms work as an escrow service so that both parties’ protection is ensured. This is an ideal solution.
Making a Sale
After a party is interested in buying a domain purchases it, there is no extra step involved. However, sometimes the seller might have to approve the final price at which the deal is done. If you have settled for a counteroffer to list the price, this is one of the most crucial steps.
Transferring the Domain
The domain transfer is the last step. Before starting the process of transferring the domain, ensure that you have the payment in hand or escrow. Pay close attention to the entire process. The process is simple but may involve some complications before it is completed. After completion, you can enjoy the money earned.
There are several potentials in the business of buying and selling domain names.
Nowadays, since getting the required domain name is complicated, it has reduced significantly. But earlier, it was one of the largest businesses. People used to make huge amounts of money by receiving direct offers. They didn’t have to register themselves at domain marketplaces. Instead, several proposals were received directly.
People usually ask for the best marketplace where they can efficiently sell their domain names. However, not every marketplace is suitable. Several things must be considered before making a final decision. Ensure that you make an informed choice so that you don’t face any surprises at the end.
Quick Links:
- How To Choose a Winning Brandable Domain Name For Business
- How To Make Money Online With A Reseller Hosting Business
- How To Register a Domain Name For Your Business : Do’s and Don’ts
- SEO Domain Finder Review: Can It Boost Your SEO Strategy?🤔
Conclusion: Best Place To Sell Domain Name 2024
As a seller, it’s essential to set realistic expectations. Selling domain names can be a side hustle that grows into a business, but big paydays are often the exception rather than the rule.
Start by mastering the basics of the process, understanding the intricacies of how it works, and gaining hands-on experience in the field.
With time and practice, you’ll quickly develop expertise in evaluating domains. You’ll learn to spot high-potential domains and distinguish them from those that aren’t worth pursuing.
