How to Persuade Someone to Purchase Your Domain Name : The Easy Steps

 

Do you want to profit from domains flipping? Flipping domain names is the term used to describe the process of purchasing and selling domain names. Almost anyone can complete the process due to how straightforward it is. The majority of flippers use third-party listing websites, however there are simple ways to increase your income by persuading someone to buy.

What is the Worth of Your Domain Name 

Verifying that your domain name is worthwhile of purchase is the first step in persuading someone to purchase it. Never just type a bunch of letters to establish a domain name. The best domain names are ones that are short, simple to read, make sense, include a well-known keyword or keyword phrase, and are in high demand. Choose a third party listing website instead if you simply carelessly construct domain names because you might be lucky to make $50 there. Please read on if you are serious about selling domain names for a healthy profit.

Know Who Your Domain Name is Suitable for

As previously stated, you need to have a good domain name to flip.  When buying that domain name, first think of someone to sell it to.  For example, do you have a lot of plumbers in your area who don’t have online websites?  If so, start buying domain names that contain their business name or slight variations of it.  When tailoring domain name buying to a specific buyer, it is easier for you to make a profit.

So, you created the domain name of  edgarplumbing.com.  Great, but what is next?  If a business is established and has been operating for years, they may not contact you.  This is because some feel they do not need a website.  Unfortunately, this is a costly mistake.  Many consumers are completely foregoing their Phone books and using the internet to find local businesses, including plumbers.  This can be a part of your sales pitch.  

Let Your Buyer Know the Benefits of Owning a Domain Name

The first step in convincing someone to buy your 'for sale' domain name is to convince them that they need a website.  When targeting business owners, state the fact that many consumers now use the internet to research local businesses.  Say that adding information about the plumbing business and pictures of employees will give consumers peace of mind.  They aren’t just hiring anyone to come inside their home.  For retail store owners, emphasize the fact that products can be sold online too.

Make the Price of Your Domain Name Affordable

Once you are able to convince a business owner that they need a website, you need to convince them to purchase your domain name.  This can be tricky.  For starters, consider business profits.  A company that just laid off ten workers, likely isn’t going to be able to pay $50,000 for a domain name.  If you created a domain name specifically for the pitch, set the amount at a reasonable price, such as $2,000.  If you were able to score an unregistered name for $10, you still make a profit.  This is a win win situation for everyone involved.

If you decide to target local business owners and agree to lower your asking price to meet their needs, buy as many domains as possible.  To maximize your profits, sell many.  Instead of spending 5 days arguing with a business owner to buy your domain name for $50,000, spend one day targeting business owners.  Even if you sell for $10,000 each, you make the same amount of money and in the same amount of time.

Conclusion

To be honest, domain name is  a very profitable business, but not if you know the 'dos' and 'don't s' that are involved you will never make a dime from it. If you follow the above listed strategies and all other tips that have been discussed in the previous articles you will scale higher in your domain name business.

Get a domain name to flip today, follow my guides and be successful!

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