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The following are some of the best strategies for purchasing used domain names.
Appraisers
When it comes to selling or buying domain names, appraisers can be very helpful. Their experience can save you a lot of time, as well as money. Though there are certain variables which can be used to assess a domain name’s value, there are also many unpredictable issues which make it almost impossible to establish an accurate price.
Therefore, regardless of the appraiser’s opinion, used domain names are ultimately worth what a buyer is ready to pay for it. Some domains that are valued very highly are not really worth much since there is no demand for the name. Many inexperienced domainers find themselves purchasing useless domain names simply because an appraising service convinced them that the names were valuable.
It is therefore very important to find an honest appraiser who will not exaggerate the value of a domain name. You need to be especially cautious with appraisers who are also domain brokers. Such appraisers have a tendency of promoting their domain brokerage services by giving potential buyers inflated prices for domain names.
Though appraisal services can help you negotiate a reasonable price for a domain name, they can also be an impediment to your strategy. For instance, when the seller has been convinced by the appraiser that their domain is worth so much, it will not be easy to convince them to accept a lower offer from you. In such a situation, the best thing to do is to engage the services of a brokerage service.
Online auctions
With online auctions, you might just get lucky and land a fantastic deal. However, you might also find yourself overpaying for used domain names which are not worth much. Many auction goers who engage in bidding wars end up paying prices which are much higher than the domain’s market value. While people are fighting over particular domains, there are other quality domains that go unnoticed at the same auctions which would have been bought at reasonable prices.
Therefore, when you visit an auction in search of a domain, your aim should be to get a great domain name at a reasonable price. Don’t pursue a domain if its price goes out of a reasonable range.
Used Domain names listing services
Domain listing services can be a great source of valuable domain names. However, you will need to sort through numerous useless domains before finding the good ones. This is why it is important to understand what makes a good domain. When you are able to distinguish a good domain from a bad one, your search in domain listing services will be more fruitful.
Charles Mburugu frequently writes for midphase coupon discount and coupon for yahoo small business, and occasionally for Profitonknowledge.com. He also blogs about coupon offers at discount blogs that feature Yahoo WebHosting promo codes and midphase coupons.
I just had a friend that was trying to get herself a used domain name and boy was it a process. Because essentially a domain has no set rate it is whatever it is worth to the buyer and the seller wants to squeeze every last drop out of it.
Well, Charles, if the seller is asking for too much, may be one can decide to look for others or just start one from scratch. Pickydomains.com is one website where they give you suggestions for domain name ideas that you can use.
I don’t have to buy used domain names but your strategies might help me in future if I want to buy them and online autions are what I look for if I will search for buying used domain names in future.
Looking for used domains in an auction is worth a look, I will certainly give it a go at some point. If you decide a price you are happy to pay and set a limit to which you will bid then you could get a bargain.
One of the most important thing which should be checked before purchasing any used domain is that the specific domain has been penalised by the search engines in the past or not
Thanks for the informational tips 🙂
Thanks for that info. Online “real estate” (which I guess is kind of an oxymoron) can be tricky to negotiate, but often enough if one is savvy about the domain name market and conservative with their money one can get their way.
great tips here, it can be a tricky business because you can easily buy a domain name through recommendation and then find its rubbish, am i right in thinking that there`s no set rateof price either?
Very informative article
. Bargaining is the backbone of marketing . without this there is no fun in any market whether it is online or offline.
After read your post i m thinking to buy a used domain name.
I wonder if certain domain names with popular keywords will be valued less in the future. I heard Matt Cutts say that Google won’t pay as much attention to keywords in domain names when ranking a site. They will still be valuable of course since visitors tend to click on sites in the SERP that look relevant, but maybe not as much.
I am just wondering what is the benefit of buying used domain names versus buying a new one and starting from scratch. I also need to know what would be the key indicators in distinguishing good domain from a bad one. What should be considered?