Tuesday, February 27, 2007

How To Sell Domain Names On eBay - By JC Garcia

Buying and finding domain names that are brandable and have importance for any kind of commercial field can be an interesting task to say the least. Ebay is a great market place to sell these domains no matter what type they are. We are going to review how you can be successful selling domain names on ebay and not get caught in the ruts that so many with higher than normal hopes do.

The first step in preparing your self to sell a domain name on eBay is the purchasing of a domain name. In doing so there are several things to keep in mind. 'The domain name should be short'. This means that a domain name should really be no longer than eleven characters when you are looking to purchase unless two great words can be compounded to form a great sounding name.

Do not be fooled! Many selling on ebay have come to the conclusion that they can make up a domain name instantly and sell it for thousands of dollars. This is hardly a likely scenario. However you will see ebayers trying to sell their domains for thousands without any bids every time. It's important that you never fall into this trap and end up registering a bunch of useless domain names only to find out you are stuck with them and a couple hundred dollars down the drain.

The second step in the purchase of a domain is 'branding'. This means that not only should your domain be short but either have a great sound to it or have a special and unique reason for someone to buy it. An example of some names that I have seen sold for upwards of 70 dollars are, floozy.com, weezy.com, dumpy.com and so on. As you can see these names can be pronounced and have a certain type of branding to them, as well as being short in character.

A third thing you will also want to keep in mind when purchasing a domain is in choosing whether it will be a dot com or not. I highly recommend dot com until you can understand the use and branding of other extensions. The dot com is most sought after and will remain that way for a while.

Now that you have found your domain name to sell, which you could have purchased at godaddy.com for about 8 dollars with a coupon code, you should list your auction on ebay at a reasonable price. Remember, the lower you go the more bidders will be tempted to bid on your auction which can drive the price higher to your expectations. But also keep in mind that you could be losing money if you put your auction at too low of a price to start. Its best then to find a middle ground between cost and reasonableness.

Over time you will begin to better understand how the domain selling business works. It takes patience, time and a study of the market to understand what great domains are and why. With that in mind, do your research, keep your head up, and don't be quick to purchase and most important of all don't get discouraged and give up. After all, now that you have read this article you are one step ahead!

JC currently has an Ebay most watched auctions website.