DomainX was a great event and I was able to be there till the lunch and had to leave. There was an interesting session by Deepak Daftari, who conveyed his experience of selling and buying domain names and has also provided few tips.
Here are few points which I jotted down.
- Always be sure which domain name you are buying. It is always better to buy domain names from expired domain names and there are websites which list and auction such expired and deleted domain names. Few are Snapnames.com and ExpiredDomains.net.
- There are various tools available over the net which can be used. These tools help to know the approximate value of the domain name and can help in the decision making. Few factors which you can consider to decide on the value are search volume of the domain name, length of the domain name, usage of figures or hyphen/s, the TLDs...etc. One can refer DomainIndex.com.
- It always to better to buy and keep .com and .net extension domain names. The appraise and are in demand.
- Be honest and loyal. Never do domain name squatting. Do not try to make more money quickly. If you are not loyal then you are not only spoiling your own reputation but, spoiling the business and reputation of others as well.
Apart from just buying and selling of domain names - you can get loan against your registered domain name. You can refer to intelend.com. In 2013 they have kept aside USD 20M to lend against domain names - Read here.
Now, not only loans you can rent out a domain name or pay monthly to a domain name of your choice if you cannot buy. Use any domain name you want of your choice – even that domain name that is worth USD 20,000 or USD 250,000 – for as little as 3 percent down and $69 per month. Check Zenscrow.com.
I would also like to inform that we own about 1500 premium domain names and would like to sell them if anyone is interested. Few of them are herband.com, truthticker.com, a2zhealth.net, ewines.net, loanmba.com, wealthcard.com, wealthrx.com, superlxury.com and many more...