Investing In Premium Domain Names
Many people who are new to the domain name investing market are attracted by the prospect of finding the much sought after "Premium Domains", acquiring them, and then turning them over for fantastic profits. Unlike other opportunities available available on the Internet, buying and selling premium domain names has no catch; anyone can do so and reap the rewards.
The secret is to know the market well enough to make a worthwhile profit.
Whether you are a seasoned veteran or a new player in the domain name field, the best way to sell or acquire premium domain names is to have a reputable domain name broker working on your behalf. Be sure that you choose a reputable broker that is established in the field and has a proven track record, and don't just take their word for it either. You have a responsibility to do your own due diligence and get the real scoop on their overall service. Do deep searches for reviews and problems by current clients and look to see if they are having any problems at all. Bottom line is that you, the buyer, need to beware. After all, you would not trust your finances to an accountant known for "creative" but shady practices, nor would you trust your legal planning to an attorney whose name is discredited by business associates, bankers, family/friends, etc. The logic is simple: work with a great domain name broker, and expect great results.
One thing to remember when you are buying or selling premium domain names: do not get greedy. If you do, you will end up losing more than you expected to gain. If you have placed your premium domain name for sale with one of the top domain name brokers, then you can expect that the offers you receive for your domain name will represent the actual ebb and tide of the domain market. It is impossible to mess with the natural supply and demand of a commodity as liquid as domain names, and by not taking what the market has to offer, you risk a loss in the value that the domain name holds at the present time.
Every single day a new set of premium domain names goes up for sale. The longer you stay in the market the more competition is potentially rising around your domain name, leaving you with offers that will gradually decline. Of course, like any other type of investment, exceptions always exist. The best way to make sure that your domain name receives the top dollar the market has to offer is to work with an established domain name broker who can help you to pitch your portfolio and get those names in front of the right people.
Whether you are a seasoned veteran or a new player in the domain name field, the best way to sell or acquire premium domain names is to have a reputable domain name broker working on your behalf. Be sure that you choose a reputable broker that is established in the field and has a proven track record, and don't just take their word for it either. You have a responsibility to do your own due diligence and get the real scoop on their overall service. Do deep searches for reviews and problems by current clients and look to see if they are having any problems at all. Bottom line is that you, the buyer, need to beware. After all, you would not trust your finances to an accountant known for "creative" but shady practices, nor would you trust your legal planning to an attorney whose name is discredited by business associates, bankers, family/friends, etc. The logic is simple: work with a great domain name broker, and expect great results.
One thing to remember when you are buying or selling premium domain names: do not get greedy. If you do, you will end up losing more than you expected to gain. If you have placed your premium domain name for sale with one of the top domain name brokers, then you can expect that the offers you receive for your domain name will represent the actual ebb and tide of the domain market. It is impossible to mess with the natural supply and demand of a commodity as liquid as domain names, and by not taking what the market has to offer, you risk a loss in the value that the domain name holds at the present time.
Every single day a new set of premium domain names goes up for sale. The longer you stay in the market the more competition is potentially rising around your domain name, leaving you with offers that will gradually decline. Of course, like any other type of investment, exceptions always exist. The best way to make sure that your domain name receives the top dollar the market has to offer is to work with an established domain name broker who can help you to pitch your portfolio and get those names in front of the right people.
Your broker, or brokerage websites where you list your names work for you. Not the other way around. Never forget that you are in charge of your domain portfolio.
So what is the magic price to sell at? The final sale price must be mutually beneficial. In other words, your buyer must feel like they received a great deal, and you should feel equally compensated. As long as both parties are satisfied, then no one has lost. Just like great domains, great domainers are remembered and your name will be remembered. The next time you are selling a domain name, it is to your advantage to have an established name in the industry which will in turn potentially build a regular set of peers who prefer to buy top-drawer quality domains directly from you.