Tag Archives: eBay

Tips and Tricks To Getting Top Money for your Domain Names

Would you like to be that lucky person who sells their domain for thousands or even a million dollars? It IS possible to find quality domains and resell them for huge amounts of money. The time is ripe for acquiring top domains and selling them. Now that the Internet Boom is behind us, valuable names expire everyday. The best way to find these domains is to use services on the Internet such as DomainsBot to weed out the bad names. Or just check out Hot Lists on sites like Namewinner or Pool.

So what makes a “good” domain name? Usually short, single word domains and 2-3 letter .coms, .nets, and .orgs are the best. The more specific the better. These can be hard to come by but when you find them, you can almost guarantee that you can make good money from them.  Here are your basic options for selling your domain name in a nutshell:

1. Sell it on Ebay

This is the easiest and quickest way to sell your domain name. There are several tricks to landing a good sale at Ebay. One is, start your price low. People want a bargain. Once you have received an initial bid, it will draw peoples attention to your name and create more bids. You may want to set a reserve price if you want to make sure you get X amount of dollars. When selling your domain on Ebay, make sure your domain name is in the title of the description. Also, include an appraisal to show to possible buyers the value of the domain. Keep your description short, clean, and really emphasize how important and rare your domain is. For example, if your domain is 3 letters and ends in “I”, stress how most 3 letter domains that are highly valuable end in “I” because it usually stands for “Incorporated”. If it ends in “E” it could stand for “Enterprise”. A little bit of marketing savvy can go a long way. I once sold the domain 0pp.com for over $200. It even has a number in it making it worth very little. But I emphasize its possible uses and potential. Also, spend the extra $1 for the Bold Listing and make sure your auction ends on a Sunday afternoon or evening. This is when most people are browsing Ebay. It will make a big difference.

2. Sell it on Domain Sites

The only sites you should even consider putting your name up for sale is on ebay.com, Afternic, or Sedo. These are the most popular and where some huge sales have taken place. The only downside is that there are high numbers of domains already for sale and usually the site will get a commission of something around 10%. There also may be a small fee to join. Appraisal Blast charges a minimal fee but no commission. Your domain will get more exposure there just because there aren’t hundreds of domains for sale. You may also have luck selling it on forums such as DomainState. The prices of sales there seem to be lower.

3. Contact Large Businesses with Deep Pockets

This approach takes some time and patience. Let’s say you have acquired a great domain name that would work great for any business in the field of the stock market. You may want to locate some of the bigger sites or businesses and make an offer to sell your domain name. Make sure the name you own doens’t have any elements that are already trademarked because you may be forced to give up the name. You may want to go on the Internet and look up current websites that deal with stocks and find ones that don’t have the greatest domain names. Make offers to these sites stating how your domain is much better and will HELP them. If you get a company to bite, the rewards are usually very generous!

In summary, selling domains for high amounts of cash depends on two key elements. First you must have a quality domain, one that doesn’t have numbers or isn’t too long. It must be clear and easily recognizable. “.com” is the best, but even domains such as the “.us” are gaining popularity. The second key is Marketing, Marketing, Marketing! I can’t stress that enough. You have to create a good reason for someone to buy your domain. How can THEY benefit from it. When these two steps are fulfilled, a sale is almost guaranteed!

Weekend rabble-rousing: Web sales tax bill may end free ride for eBay, others

The Rockefeller Institute, a research group tied to SUNY, said that sales taxes took a 6.1 percent dive in Q4 of 2008 and Q1 of this year was even worse. Given the current state of the economy of course, this is hardly a surprise. Beyond the obvious reasoning behind the decline — people are losing jobs, making less money and spending less money — the drop may be bad news on another front as it could finally spell the end for the free rides afforded by online shopping. The idea of requiring online retailers to collect sales tax on out-of-state sales has been tossed around over and over again but according to the New York Post, this time around it might just stick. A bill is expected to go before congress as soon as this week that would require online retailers such as Amazon and Overstock, and even the online auction house eBay to collect sales tax on behalf of the state to which items are delivered. This spells certain aggravation for consumers who enjoy saving cash by ordering online and even more so for Internet retailers who will have to implement the new policy.

In New York State where an online sales tax bill was passed last Summer, Web retailers are already in the midst of fighting the new policy. New York’s law now requires any online retailer that advertises on New York-based web sites to collect sales tax when shipping to New York. Amazon and Overstock have both pulled all advertising from websites based in New York in protest.

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eBay comes around, begins to realize Skype needs to go

Not long ago, a story ran around the blogosphere pitching the idea that Apple should take the piles of cash it’s sitting on and use it to revolutionize the banking industry. Sure, “iBank” is an interesting concept but there’s one major rub: Apple knows nothing about banking. Apple is a computer company, a digital service company, a hardware manufacturer, a software company and many other things, but it is by no means a bank. The time, new hires, training and investment it would take to prep Cupertino for a banking entrance negates much of the potential benefit and as such, it won’t happen. The same can be said for an online auction house entering the telco industry – the only problem is the latter example actually happened. When eBay purchased Skype four years ago for $2.6 billion, many wondered what it was thinking. Now, four years later, eBay finally seems to be wondering the same thing… What were we thinking? As a result of some comments made by eBay CEO John Donahoe regarding its recent earnings call, the internet is ablaze once again with rumors that the company is finally looking to offload Skype. Donahoe:

[Skype would make a] great stand-alone busines… The synergies between Skype and the other parts of our portfolio are minimal. We’re going to continue to run and operate the business. It’s not a distraction currently. And at such time when we have further announcements on that, we’ll let you know.

Of course as is always the case with any story citing analyst sources and inference, this is all speculation for the time being. We consider this a feeler from Donahoe; I’ll be taking calls from interested parties, if you will. Bottom line? eBay is an auction house. Paypal – awesome, logical buy. Skype – not so much.

[Via DealBook]

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