What is an Online Domain Name Auction?
These days, there are thousands of domain name registrars who can provide you with an excellent domain name. However, the hardest part is to find a domain name that is available. You need an available domain name that is suitable for your website, your business, your blog or the products or services you are planning to sell online.
One way to find a suitable and available domain is through a domain auction. If you consider this possibility you will discover a huge domain market for buying and selling domain names and many platforms that can make the buying process possible for you. Some of these platforms are Afternic, GreatDomains, Bido.com, and etc. There are many others who work in a similar way such as eBay.
By taking into consideration the fact that hundreds of hundreds of domain names are purchased, sold, and expired every day, the number of domains available increases constantly.
Depending on the auction platform you are going to select, the seller may charge you a small fee or sale commission. The seller is the person who lists the domains and decides how much the domain is going to cost, and etc. The seller also chooses the minimum offer and sets a reserve.
If you decide to buy a domain on an online auction site, make sure to have all the information of the domain first, such as availability of the domain name, registration date, and etc. Also, make sure to select a legit and reliable auction platform that offers a suitable buyer protection.
How to Buy Distinctive Domain Names at Online Auction
There are many websites that can provide you with an online domain auction such as Flippa, SnapNames, Afternic, Sedo, eBay, NameJet, GoDaddy, and shopify. All of these websites are reliable, reputable, and an excellent source from where you can buy a distinctive domain name.
The first thing you need to do when purchasing a domain on an online auction is to enter the keyword. If you don’t have a keyword in mind, you can search through the listings until you find something you like.
Once you find a domain you like, you need to place your bid. Before placing the bid, user tools such as NameBio.com and DNSalePrice.com to compare the prices of the previous domains. You need to keep in mind that .com is more expensive that the other extensions.
If the seller accepts your bid, he or she will contact you to arrange the transfer. In order to be informed about this procedure, check the auction website’s guide and find the details you need. If the seller doesn’t accept your bid, you won’t pay and you can continue bidding on other distinctive domain names.
How to Sell Domain Names at Online Auction
The first thing you need to do is to choose a domain name auction platform. The next step is putting a price on your domain name. You need to keep in mind that premium domain names are more expensive and that older domain names come with a higher price tag than domains with high traffic.
The next step is pitching potential buyers and if someone buys your domain name you need to arrange transfer which is the final step of the process.
Are you ready to buy and sell at an online domain auction now?
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