If you have an idle website domain, you can probably make a handsome amount of money selling it.
The domain may be not valuable to you, but it will hold extreme value for someone else, probably because it’s related to their niche.
Wondering how to sell a domain name? Read along to find out…
Why Should You Sell Your Domain?
There are many reasons why selling your domain could be a smart move. If you’re no longer using it or don’t plan to develop it, your domain is just sitting there without serving any real purpose. Instead of letting it go to waste, selling it could bring you a good profit, especially if the domain is valuable or in demand.
Moreover, the domain marketplace is constantly growing, with businesses and entrepreneurs looking for the perfect web address for their brands.
By selling your domain, you could be offering someone else the opportunity to create something new and meaningful, all while benefiting financially.
Where Can I Sell My Domain Name?
You can sell your domain name through various platforms, each offering different benefits. Auction sites such as GoDaddy Auctions and NameJet allow buyers to bid on your domain, potentially increasing its price.
Moreover, you can also list your domain for sale directly through domain registrars like GoDaddy and Namecheap, or opt for a private sale if you have a specific buyer in mind, allowing for direct negotiation and a quicker transaction.
Best Place To Sell Domain Name
While there are many platforms available for selling domain names, Gruuz is one of the simplest and most user-friendly platforms that you can use. It has a straightforward interface that guides you through each step of the selling process.
Moreover, when you list your domain on Gruuz, you can opt for a Boosted Listing, which prominently displays your domain on the main page and ranks it higher in search results.
This increased visibility significantly enhances the chances of attracting serious buyers.
Step-by-Step Guide On How to Sell a Domain Name On Gruuz
Let’s discuss how you can register on the Gruuz platform and which steps you would have to go through to receive payment for your domain name from the buyer.
8 Steps to Sell Domain Name
From domain registration to dealing with buyers, here are the eight steps which outline everything you need to know when selling a domain on Gruzz.
1. Sign In With Gruuz
To start selling your domain on Gruuz, the first step is to create an account. You can easily sign in using your Google ID or any other email.
Remember, you can’t list your domain for sale on Gruuz without registering first, so this step is crucial.
2. Select Listing Type
Once you’re logged in, choosing the right listing type for what you’re selling is important. In this case, you will click on the “Sell My Listing” button and choose “Domain”.
3. Provide Information About Your Domain
Once you’ve signed in and selected “Domain” as your listing type, you’ll be taken to a page where you need to fill in the details about your domain.
You must first enter your domain name. On the right side of the page, you’ll see an option to “Auto Detect” under the domain type heading. When you enter your domain name, automatically detect important details like the domain’s creation date and the domain registrar, such as GoDaddy or NameCheap.
Next, you’ll need to choose the appropriate category for your domain. This helps potential buyers understand what kind of domain you’re selling. After that, set your asking price and provide a short introduction to your domain.
Finally, you’ll be asked to write a detailed description of your domain. This is your chance to fully describe what makes your domain special, including any relevant keywords, history, or traffic stats if available.
Be clear and thorough, as a well-written description can make a big difference.
If Gruuz is unable to detect your domain, it might be because the domain is either invalid or unregistered. In that case, you won’t be able to continue with the process until these issues are resolved.
4. Verify Domain Ownership
After providing the necessary information about your domain, the next step is to verify that you actually own the domain you’re trying to sell. This is done by creating a DNS TXT record, which proves your ownership.
Firstly, click on the “Verify Domain Ownership” button located in the center of the page. Once you do this, you’ll see the record type, record name, and record value for your domain. These details are essential for completing the verification process.
Then, copy both the record name and record value. and paste these into the DNS settings of your domain through your domain registrar or DNS hosting provider (like GoDaddy or NameCheap).
This step creates the DNS TXT record on your domain registrar and helps to verify on Gruzz.
Once you’ve created the record, return to Gruuz and click the “Verify” button. If everything is set up correctly, your domain will be verified, and you can move forward with the registration process.
5. Select Listing Registration Type
Now that your domain is verified, it’s time to choose the listing type for selling it. Gruuz’s two options include “Basic Listing” and “Boosted Listing.”
The Basic Listing costs $59 for 6 months. This option gets your domain listed on the platform but doesn’t include any special features. The Boosted Listing is priced at $299 for 6 months.
With this option, your domain gets prime visibility as it will be featured on the main page, and ranked higher in search results and on the marketplace, increasing the chances of attracting buyers.
6. Receive a Listing Disclosure Request
After you’ve provided all the details about your domain and completed the registration process, your domain listing will appear in the “My Listing” section with a status marked as “Registered.”
Once your domain is listed, potential buyers can send you a listing disclosure request. This request allows the buyer to your contact information and more information about your domain. You have the option to either accept or reject the request based on your evaluation of the buyer. Take some time to consider the offer and decide what’s best for you.
7. Negotiate with the Buyer
If you accept the disclosure request, you can start a conversation with the buyer. This is your opportunity to negotiate the terms of the sale. You can discuss the price and any other details about the transaction. Based on these discussions, you can decide if this is the right buyer for your domain.
8. Making a Deal with the Buyer
You can proceed with the sale once you and the buyer agree on the terms. The transaction is complete once you transfer the domain to the buyer and receive the payment.
After the transaction is complete, go to the “My Account – My Listings” page and change the transaction as complete—that’s it!
How Much Is My Domain Name Worth?
Figuring out the value of your domain name is an important step before putting it up for sale. Setting the right price can attract serious buyers while ensuring you get what your domain is worth. So, how can you assess the true value of your domain?
1. Length and Simplicity
Shorter, easy-to-remember domain names tend to have higher value. If your domain name is simple, without hyphens or numbers, it’s more likely to be desirable.
Names that are concise and memorable are easier to type and recall, making them attractive to buyers.
2. Keywords and SEO Potential
If your domain name includes popular keywords related to a specific niche or industry, it could increase its value. For example, if your domain has a keyword that people often search for, like “fitness” or “real estate,” it’s likely to be more valuable.
3. Domain Extension (TLD)
The extension of your domain also impacts its worth. For instance, “.com” domains are generally more valuable than other extensions like “.net” or “.org.”
If you have a domain with a popular extension, it’s more likely to be in demand.
Conclusion
By following the steps outlined in this guide, you can navigate the selling process with confidence and potentially secure a great deal. Remember, selecting a platform that offers ease of use, broad visibility, and additional features can make all the difference.
Ready to sell your domain name? Get started with Gruuz today…
FAQs
Q. Can I Sell My Domain Name?
Yes, you can sell your domain name. Once you have registered it and ensured it’s not tied to any restrictions, you can list it for sale on domain marketplaces such as Gruuz.
Q. How To Sell My Domain Name?
To sell your domain, list it on a domain marketplace, set a price, and provide details about the domain. Buyers will then see your listing and can make offers or requests.
Q. How Much Can You Sell a Domain Name For?
The price of a domain name varies widely based on factors like length, keywords, and market demand. Some domains sell for hundreds, while others can fetch thousands of dollars.
