How Do You Re-Sell a Domain Name?

dclayman wonders: " I've never sold a domain before. I just received a $400 offer for a domain I own (radicaltrust), but I don't know if I should sell it or auction it off. If I auction it, what site should I use? I could really use the extra cash, and I was hoping to get some ideas and advice from other readers. So, what's the best way to go about selling a domain?" Of course, selling your domain is only half of the issue. What's the best way to go about smoothly transferring the domain, once it is sold?

So you were sitting on it...

[91degrees]

So, let me get this right... You had an asset of no value. Someone else would appreciate it, and goes to the effort of finding you and making a reasonable offer. And now you decide that it's worth trying to sell!? They want to make a mutual cooperative offer, and you want to turn it into an competitive situation? Why? If you think it's a fair price, sell it to them for that. If you think it's worth more, tell them what you think it's worth and ask them for that.

The world would be a much nicer place if we weren't all trying to maximise profits all the time.

I would go with a free service

[Optic7]

Thanks for asking this question, as I've always wondered what is the best way as well, and I'm curious what the Slashdot crowd will have to say.

Anyway, I would go with a free, commissions only service. The domain sale sites are already charging a commission on the sale, so it just seems like scumbaggery to also charge a "membership" fee on top of that. Not to mention that selling domain names is a total hit or miss thing - I've sold 2 out of maybe a dozen that I have put up for sale. For that reason I haven't tried afternic.com. I will try sedo.com now as mentioned above, since I checked and saw that it's free (commissions only). I have also heard of them before.

I have also used tdnam.com in the past. It is free (commissions only) if you have your domains registered through godaddy.com. I sold two domains there with no problems whatsoever. It has an automatic escrow service, so you wait until they receive the money from the buyer and tell you that it's ok to start the transfer of ownership. They were fairly low-priced domains, selling for $50 and $200, but I didn't haggle or wait for other offers - I just took the first offer that came along.

Re:So you were sitting on it...

[mozkill]

Yeah, the world would be a nicer place for the scammers if we all played nice. Scammers whine when the average joe knows the game they are up to and tries to make a profit also. Its not fair that the "scammer" personality should make all the profits in this world.

But I do agree, that guy should take the $400 and be done with it.

Re:So you were sitting on it...

[readams]

That's nonsense. You're saying that everyone should just sell anything they own the first time they receive an offer without doing any due diligence, or verifying that the offer is even fair? If I walked up and offered you $10 for a painting you owned because I knew (but you didn't) that it was actually worth millions, would that be fair? But according to your claim, I should be perfectly justified to be insulted that you would even want to find out how much the painting is actually worth before selling it!