Ebay is a great marketplace to sell your domain names. There are a lot of buyers there and the affiliate program which they offer, makes it further easy for you to sell your domains.
But before you start with selling on ebay, there are certain things which you need to know about Ebay to extract the most out of it.
Points to consider before selling on ebay:
1- In case you are new to the website and the world of selling,
it is always good to read and understand the website, their Terms Of Service, the Agreements, how the auction works, the type of listings, the applicable fees and review the categories. It is always advisable not to opt for add-ons listed on it like the 'highlighted listing' options.
2- As soon as you opt for an account on ebay, simultaneously
go for an account on Paypal. Paypal is the payment method through which you may easily receive your payments as soon as the sales are made and verified. To have a
Paypal account is a must if you going for any trades like Domain Flipping or Online Marketing where there may be a lot of transactions involved. Paypal is extremely safe and facilitates transactions across multiple countries and currencies thus making the process extremely easy.
3- Having an account with
ebay, you would need to choose a USERNAME. It is extremely important to have a simple and
relevant username. The username must be something related to the niche you are targeting. Since we are targeting Domain Names, possible username could be DomainKing, DomainGuru, Domainer, etc. This would clearly explain the products you are targeting and give you an advantage over those having a non-relevant name.
4-
The feedback that you get from your buyers is extremely important for your further sales. Therefore, it is always good to answer all the questions of a buyer or a prospective buyer. In case you have a negative feedback, I would suggest you to go for another account.
Having a positive review can boost your sale at a great rate. The further sales may have excellent response once you have a good feedback and develop a trust and reputation on the website in the categories that you specialize.
Listing your Domain name
Listing your domain name is a thing to master. There are a series of steps involved in listing the domain name. For example, the category it should be listed in, the starting bid, the time for the auctions to end, the day of the listing, the number of days it will take for you to transfer the domain, etc.
Having mastered this area may lead to good turn-over.
Here are some tip to follow while listing your domain in the ebay auctions:
1- Always list a domain for auction at a minimum bid price of 0.99$.
Yes, you saw it right. Although it may sound crazy to list a domain for which you paid more than 5$ to register at a minimum bid of 0.99$, it is a tactic to attract more buyers for your domain.
The lower the minimum bid price, the more buyers are going to participate in the listing. And the more buyers participate, the higher the bid gets and the process accelerates within no time. That is what our purpose is, behind having a low bidding price. What happens is, the bidders get attached to the domain and once this happens, they won't allow any other person to grab it from them. As a result, you would notice a bidder bidding again and again on the same domain in case his bid is replaced by another bidder bidding a higher price than them. You would notice more bidding activity on your domain and ultimately, price would soar much above the price you paid for the domain.
2- Do not place any kind of restriction or limitation on the auction.
3- Do not place a reserve price. There is no use paying extra charge for adding a reserve price.
4- There is a small fee pertaining to listings in an auction. However, there are offers from time to time where you can list a bulk amount of domain for a comparatively less amount. Avail the offer and save a lot out of them.
5- List the domain in the right category. It helps prospective buyers to find your domains easily. The most recommended category to list a .COM is
Computers & Networking ---> Web Domains & Services ---> Domain Names ---> .Com
6- Including a BUY IT NOW is up to you. If you feel it necessary, include it. Else you may leave it to the fate and let the auctions decide the price.
7- Describing the utility of the domain is extremely necessary. For example, if you own a domain named JobTarakki.com, you may mention it clearly that the domain may be used for job related websites. This way, it helps to target the buyers.
9- It may be a good choice to mention the domain registrar for the domain.
10- Including a picture along with the listing is a must and helps your listing rank over other listings which don't have a picture along with them.
11- Including a profile picture for your account is a good practice and it helps build trust with the buyers.
12- Keep the transferring time as less as possible and yet comfortable for you to meet the deadline.
13- Interlink all your listings. This may help in selling multiple names to the same client.
14- 7-day auction plan is the best suited plan. It attracts most number of buyers for your listing.
15- Include contact information. Provide your email address.
16- Use Escrow service to facilitate and ensure safe money transfer and domain selling process. They are like middlemen, handling the transactions successfully and safely.
17- Send an email thanking the buyer for the purchase.
WARNING: Always push the domain only after payments have been made. This will ensure that there is no deceitful activity on your part since many a times, people push the domain only to realize that they have been fooled and that they never receive payments.
Now that you have mastered the guidance needed to sell your domain at
ebay auctions, its time for you to apply it in the real world. So go out there and capture the domain market.
Good Luck!!
