Determine What You’re Willing To Pay
Domains with popular keywords included in them are worth more because their organic ability to rank higher on search engines. There are also generic value domain names, which are names that can be used by almost any business within a given industry.
If a domain name lacks generic value or a strong keyword, the value will then lie in its brandability. It’s easier to build a brand around short and memorable names that are easy to spell. The shorter the domain, the more valuable.
Additionally, older domains are considered to be worth more as well. We suggest deciding a base amount of what you’re willing to offer and the maximum amount you’re willing to pay before you reach out to the seller.
If you really want to get an idea of how much it might cost, look for domains of similar length, keyword value, and similar edge. It might give you a better understanding of whether you can afford the domain you actually want.
Negotiate and Execute the Domain Name
After you’ve made that initial contact, it’s time to negotiate the terms of purchase. This obviously includes price, how the domain will be transferred, and what your state laws might apply to the sale.
There are domain sale agreements available online, but at Name Experts, we make sure to walk you through every step of the way so that you know exactly what is going to happen.
We make sure you don’t leave any money on the table. Without the help of a trusted advisor who has experience in this market, you might not maximize your investment. With a domain broker, you’re getting a huge leg up in negotiation because we have the understanding of how to work through this competitive landscape.
As soon as the price and terms are agreed upon on by both parties, we make the rest of the process as easy as possible. It’s simply a matter of drawing up contracts, verifying escrow and transferring the domain.
Once the transfer is completed to the registrar of your choice, we’ll confirm the transfer, and you’re ready to start using your new domain name.
Use a Domain Name Broker
At Name Experts we take the time to breakdown each of these steps when you’re ready to secure the perfect domain name acquisition for your company or brand. Doing your diligence can go a long way and save tons of money in the long run. In fact, the best way to save yourself time and money is to hire a domain broker like us.
Experienced domain brokers are valuable because they remove the emotional attachment for both buyers and sellers. They provide a third-party appraisal insight that gives you current market conditions. They have a pulse on the market.
Experts like the team at Name Experts can offer both insight and expertise on proper alternatives that fit your brand. We have the knowledge and tools to help you identify, contact, negotiate, execute, escrow, and transfer your domain name.
Get back to building your business and let us take the stress off acquiring the perfect domain, even if it’s owned by someone else.
Reach out to us today at Name Experts and let us answer any questions you have about our services and how we can help you get into the domain buy and sell a business.