Domains are an investment in virtual property
Every domain name you own is a piece of virtual real estate.
When you buy a domain (whether a brand new name or from someone else) you are making an investment.
When you sell a domain you are hopefully making money on your investment.
Where is the best place to buy and sell domain names?
For the beginner, consider Sedo. Sedo offers a well rounded suite of tools and services for buying and selling domain names. It also carries a sound reputation and is a safe place for beginners to sell or buy domains.
Buying Domain Names
A domain is like another kind of product. It can be bought and sold. Domains are unique in that they are not a tangible product. They are intangible or “virtual”. Since, there are many pitfalls in dealing with virtual products, sites like Sedo act as a third party liason between buyers and sellers.
It is fairly easy to find domain names for sale on Sedo. Just look at the home page to get started! Sedo offers multiple lists plus the ability to search for particular kinds of domain names. You can search for domain by length, suffix, category, etc. As a buyer you are protected by Sedo. All transactions between buyer and sellers are mediated by Sedo. If you commit to buy a domain name and Sedo is unable to get a response from the seller you are not obligated to purchase the domain name. While it maybe disappointing not to have purchased the name, at least you are not forced into the transaction in any way.
Selling Domain Names
Just like Sedo protects buyers, they also protect sellers. Sedo collects payment and acts as 3rd-party escrow agent in all money exchanges. Buyers make legal obligations to purchase domain and Sedo requires quite a bit of information from buyers to ensure they are who they say they are. Sedo also works with the registrars and both parties to ensure a smooth transaction.
Sedo offers sellers an option to promote “Feature” domains as well as Domain Auctions. Any domain name can be slated for auction. These domains go up for auction once their is interest from an initial buyer. It is definitely one way to get a little more money out of the domain transaction.
The strength of Sedo exists in their depth of available domains and their advance search mechanisms. The domain you want is never more than one search away.
For more information about choosing quality domain names, download my Domain Name Handbook. Written for beginners, The Domain Name Handbook takes a simple look at choosing, registering and managing domain names.
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