If you have a domain name in your possession, chances are you are pretty aware of the buying and registering process – but do you know the best ways to sell it when you are ready? Have you purchased a large number of domain names to make a profit later on? These are a few things to think about when you are getting ready to sell your domain names. If this is the first time you have participated in the process, there are some important steps to take before you begin.

·         Assign a value to the domain name. Whether you want to announce the value of your domain name or not, it is important to know how much you want to sell it for and what the minimum values of the name are – in case it does not sell for your asking price. Knowing these figures beforehand give you an advantage on the playing field and will help you make a wise decision when the dollar signs start flashing before your eyes!

·         Decide if you want to sell it by yourself or through a domain name broker. If you prefer not to deal with the hassle of selling a domain name, there are many websites and services that help you find a buyer for the name. Keep in mind there are fees associated with using a broker – some even suggest using both methods to help sell your name faster.

·         Be proactive in selling the domain name. Most names are in as high a demand as they were a few years ago, so be patient and don’t assume it will sell in a matter of days. You also can’t assume that buyers will come looking for you – you need to be proactive and sell the domain name using your contacts and resources.

·         Always be ready to sell the domain name. With the increase in blogging and purchasing of websites, you might even be lucky enough to have someone come across your domain name and want to buy it. Be open to the idea – you never know where your next sale will come from!

These are a few tips to selling a domain name. You can be selective at first if you want to get a certain value – but don’t let it sit around too long or it will end up costing you more money than it’s worth to have around.