April 20, 2020

Are You A Domain Buyer? Here’s How It Works

written by

Joe Uddeme

Joe Uddeme

Are You A Domain Buyer? Here’s How It Works

Whether you want to buy names to sell straight away or hold them in your portfolio, there’s a lot to learn if you want to be a big-hitter in the domain buying and selling world. Domain name expert Joe Uddeme shares his top tips for domain buying success.

 

Both buying and selling domains can be an exciting adventure – and it can even be a profitable endeavor. If you’re trying to get into the domain-buying game, or are simply looking for someone to buy a domain you want to sell, you need a little more information about how it all works.

The actual odds of you cashing in big amounts of money from your domain aren’t high (unless you’re sitting on a desirable two- or three-letter domain name that isn’t currently in use). But if you have no idea what you’re doing, you might also be wasting time and money.

If you want to make it big, you need a tried and true process to help guide you. This post covers our top tips to help you find a domain buyer or to be a domain buyer – and insert yourself into the domain buying and selling game the right way.

Key Takeaways

  • The importance of research when buying and selling domains
  • Understand your audience
  • Promote your domains to attract the right buyer
  • How a domain broker can help

Domain Buyer Tips

Though the internet isn’t very old in real terms, there are already millions of domains already registered. And yet there’s still an endless amount of combinations available to register. That’s not even including the hundreds of new domain name extensions available (think .net, .club, .ai and so on).

Do A Little Research – Get Focused

The first thing we recommend is to do a little research before you get started. If you’re looking to buy a domain, start with what you already know. What are you already an expert in?

Buying the right domain is much easier when you have a knowledge of the industry so that you choose something that will 1) actually sell, or 2) be a great domain for your business.

If you know fishing, for example, you’ll know just the things your fellow marlin hunters will be searching for. Is there a domain name available that fits?

Start your domain name search based on keywords related to the things you’re familiar with. If you KNOW it’s going to be valuable, it will be much easier to sell. Check the strength of a keyword with tools like Google Trends or Keyword Planner or similar SEO tools.

We highly recommend working with a domain broker who knows the marketplace. They’ll be able to give helpful suggestions and help you avoid costly mistakes.

We do NOT recommend targeting a prospective domain buyer based on their potential economic status. Targeting a certain demographic that you don’t know anything about could be an expensive error.

You might also be missing specific rules associated with the industry you’re going after. The bottom line is, you won’t make any money if your buyers can’t use the domain you bought.

Know Your Audience

If you understand your audience, you’ll be able to really generate sales of domains you buy. If you’ve got a great domain, you can hold onto it for years and probably make a decent profit.

Maybe you’ve already monetized the domain with an active website and put in some great SEO efforts – things that can help make your domain worth a lot more to a potential domain buyer. These types of well researched domains can end up paying for themselves.

Talk to a domain broker. The industry’s big-hitters will have the knowledge you’re looking for and be able to steer you in the right direction for domains that will actually benefit the buyer.

Wealthy-looking young man sat on a deck typing into a computer. Next to him is a bottle of Champagne.

Domain Seller Tips

Evaluate Your Domain

It is so important that you actually have access to domains that would be a valuable asset to domain buyers. Put yourself in the buyer’s shoes. Would the domain name you’re selling actually be beneficial to a business or organization?

Similarly, if you’re the one buying, have a domain broker assess the value of the potential domain. Would having this domain make it easier for clients to find you?

Will having that particular domain make it easier to rank higher on search engines?

Would your profits increase based off of this particular domain name? Don’t buy anything without knowing its true value.

Get Your Domains Out There

There are many different avenues for getting your domains out to potential domain buyers. Again, we suggest doing a little research. If you’re using a respected source, you’ll have a much better chance of getting your domains sold.

The best suggestion we have is to work with a sell-side domain name broker who knows the market. You can also use a distribution network to make sure you’re getting the right domain in front of the right buyer.

Maybe you already know who might benefit from the domain name? Start a conversation and convey that you already understand what the domain is capable of achieving.

However, if you don’t already have a place to show off your domain, partnering with a domain buying and selling brokerage business will take the pain out of everything and increase your chances of a profitable sale.

Choosing the right broker

If you’ve purchased one or more premium domain names and want to sell them, why leave anything to chance? Working with a broker who spends every day in the market is the way to go.

Not only do they buy and sell millions of dollars worth of domains every year, they also have a network already established. They might have a long list of buyers and sellers lined up before you even set up a meeting.

Domain brokers are able to accurately assess the value of potential domains, and also help negotiate on your behalf. They also know all the paperwork and legal processes that come with buying and selling domains, which means that you don’t have to worry about any of it.

Look for one with a strong track record, ideally one that can demonstrate experience in high-level transactions. Global experience can be helpful, too, especially if you want to secure the international TLDs for a specific name.

 

About the author

Joe Uddeme is Director and Principal of Name Experts, one of the world’s leading domain name brokerage services. He has overseen domain name sales and acquisitions totaling more than $150 million and is renowned worldwide as a go-to expert in buying and selling premium domains. Contact us at: [email protected]

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Identity Theft: Cybercriminals can exploit the information in the public database to steal or hijack a domain, leading to potential financial and reputational damage. Privacy Breaches: Publicly available personal information can be used to compromise a domain owner’s privacy and security, making them vulnerable to various forms of cyber threats. By understanding these risks, domain owners can make informed decisions about protecting their personal details through anonymous domain registration and other privacy measures. Why Choose Anonymous Domain Registration? Anonymous domain registration is a crucial step in protecting your personal information and maintaining online privacy. By choosing anonymous domain registration, you can ensure that your personal details, such as name, address, phone number, and email ID, are not publicly accessible in the WHOIS database. 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Using a Domain Broker or Marketplace: Engaging a domain broker or using a domain name marketplace can help maintain anonymity during the registration process. Some registrars offer a free domain with hosting packages, which can lower overall costs and enhance the appeal of their services. Using a Domain Privacy Service: A domain privacy service can protect your personal information by replacing it with the service’s contact details. Verifying Domain Privacy Protection To verify whether your website has domain privacy protection, you can easily check the WHOIS database by entering your domain name in the search bar. Look for a generic name, contact address, or email address that forwards messages to you. If you find any of your details apart from what’s in the Domain Information panel, consider enabling domain privacy. You can also check with your domain registrar to see if they offer domain privacy protection services. Ensuring that your domain has privacy protection is a simple yet effective way to safeguard your personal information and maintain your online privacy. Security and Protection Anonymous domain registration provides an additional layer of security and protection for domain owners. By keeping personal information private, individuals and businesses can: Protect Against Cyber Threats and Unwanted Exposure: Keeping your personal details hidden helps safeguard against cyber threats and unwanted exposure. Prevent Domain Hijacking and Fraud: Anonymous registration reduces the risk of domain hijacking and fraudulent activities. Maintain Confidentiality in Sensitive Situations: It ensures that your identity remains confidential in sensitive transactions. Enhance Security Against Ransomware Attacks and Other Cyber Crimes: Anonymous registration adds a layer of security against various cyber crimes. Ensure Personal Information Remains Hidden from Public View on WHOIS: Your personal details are not displayed in the public WHOIS database, protecting your privacy. It is essential to note that while anonymous domain registration offers numerous benefits, it is crucial to choose a reputable domain registrar that provides reliable privacy protection services. Additionally, individuals and businesses should be aware of the potential limitations and considerations when registering a domain name anonymously, such as specific restrictions or policies regarding anonymous registration for certain domain extensions (TLDs). Maintaining Anonymity Maintaining anonymity when registering a domain name is crucial for protecting your personal information and preventing unwanted solicitations. Here are some tips to help you maintain anonymity: Use a VPN to mask your IP address and location. Use a secure email service that offers end-to-end encryption. Be cautious when sharing personal information online. Use a domain broker or a domain name marketplace to purchase a domain name anonymously. Consider using a proxy service to mask your personal information. By following these tips, you can ensure that your personal details remain confidential and your online presence is secure. If you need help, seasoned domain brokerage firms such as NameExperts.com can streamline the process. Regulatory Considerations Compliance with ICANN Regulations ICANN regulations mandate that domain registrars collect and store accurate contact information for domain owners. This requirement ensures that the domain registration process remains transparent and accountable. However, ICANN also recognizes the need for privacy and allows for anonymous domain registration through the use of proxy services or private domain registration. To comply with ICANN regulations, domain registrars must: Collect and Store Accurate Contact Information: Registrars are required to gather and maintain up-to-date contact details for all domain owners. Provide Options for Anonymous Domain Registration: Registrars should offer services such as proxy registration or private domain registration to help domain owners protect their personal information. Educate Domain Owners on Risks: It is crucial for registrars to inform domain owners about the potential risks associated with public WHOIS data and the benefits of opting for anonymous registration. Offer Tools and Services for Privacy Protection: Registrars should provide tools and services that enable domain owners to safeguard their personal information and maintain privacy. By adhering to these guidelines, domain registrars can ensure compliance with ICANN regulations while offering robust privacy protection options for domain owners. This balance between transparency and privacy is essential for maintaining trust and security in the domain registration ecosystem. General Data Protection Regulation (GDPR) Implications The General Data Protection Regulation (GDPR) has significant implications for domain registration and WHOIS data. Under the GDPR, personal data cannot be shown without consent. This means that domain registrars must obtain explicit consent from domain owners before publishing their personal data in the WHOIS database. If you’re a domain owner, you can request that your personal information be removed from the WHOIS database by contacting your domain registrar. This regulation helps protect your personal information and ensures that your privacy is maintained. Limitations and Considerations While anonymous domain registration offers numerous benefits, there are some limitations and considerations to keep in mind: Some domain extensions (TLDs) may have specific restrictions or policies regarding anonymous registration. Ensure that the domain registrar you choose has a reliable privacy protection service and a good reputation in the industry. Some domain registrars may require identification verification, but not all do. Anonymously registering a domain name may not be possible for all types of domains, such as country-code top-level domains (ccTLDs). Domain privacy protection services may not be available for all domain registrars, so it’s essential to check with your registrar before purchasing a domain name. By being aware of these limitations and considerations, you can make informed decisions when registering a domain name anonymously and ensure that your personal information remains protected.   About the author Joe Uddeme is Director and Principal of Name Experts, one of the world’s leading domain name brokerage services. He has overseen domain name sales and acquisitions totaling more than $150 million and is renowned worldwide as a go-to expert in buying and selling premium domains. Contact us at: [email protected]

Why Work with Name Experts

Name Experts offers personalized domain brokerage services, assisting clients in buying or selling premium domain names with expert appraisal, negotiation, and complete transaction management while ensuring confidentiality.

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