Once you have bought a domain it is important to keep track of all the important information, remember this is a business so if its organised from the start it will be easier to manage.
The best way to do this is to create a spreadsheet and so the information on each domain is in there.
Make sure you store information such as Domain, SLD, Registrar, Purchase Date, Expiration Date, Purchase Price, Asking Price.
Domain Exposure
Great you now have your first domain name, now it’s time to get it out there to the market and get it flipped.
It is important that you get it as much exposure as possible as soon as possible.
Every time I buy a new domain I have a list of marketplaces and facebook groups I will post it in. I post it these marketplaces at a very minimum, Sedo.com, Afternic.com, Flippa.com, NamePros.com, eBay.com and Facebook Groups.
Sales Page for your domain
It is important that your domain has some sort of sales page up, so if someone who was looking for a domain came across it they would be able to contact you with an offer.
This is known as parking your domain. I either user VooDoo.com or my own custom html page for parking my domains.
VooDoo.com is good to use starting out as it is simple to use and the sales pages are created automatically. Sedo and Afternic also offer their own parking pages. As well as these many registrar’s also offer parking pages you can point your domain to.
Gather leads to sell quicker
A good way to help improve the speed at which your domain sells is to reach out to potential buyers.
Some of your domains will sell without the need to approach people but some will need you to be proactive in your selling.
So once you have a new domains spend some time gathering leads of people that would have a use for your domain name. This can include companies, blogs and people that would have a use your domain. Store all
the leads you find into a spreadsheet that includes their name, company, email and then when you have emailed them.
I like to leave my emailing to companies until after they have been up in different places for a month. I then send an email to each of the leads on my list at the end of each month after the first month. This is to make sure the lead sees the email. They could have been busy and just clicked over one of your previous emails.
There are a number of places you can search online to get a lead, here are some the sites I used most often: Similar Sites to my domain name, Facebook, LinkedIn, Google Plus, Yelp and Google Search.
You are looking to find people or businesses that would benefit from your domain name by either using it as their domain name or by using it as a second domain pointing to their current website.
Getting Paid
Once you have agreed a sale it is now time to get paid.
There are a number of sites you can use to get paid such as PayPal and Escrow.
What you use can depend on a number of things such as do you trust the buyer and the size of the sale.
Never let the buyer push you into using a certain platform, make sure you are comfortable and you get paid first before you push/transfer the domain.
If you want you can use escrow services that hold the domain for you so you transfer the domain to them and the buyer pays them and then they will transfer you the money and them the domain.
Pushing/Transferring Domain
Once you have sold the domain and have received payment you will need to either push or transfer the domain name.
Pushing is when you push a domain to another account within the same registrar.
Transferring is when you transfer the domain from one registrar to another.
Each registrar has their own way of doing this so you will need to check with their support team on how to do it.
