As every transaction that involves the transfer of an
expired web domain is unique and special, it is quite
difficult and strenuous to provide a list of advisories and
precautions that can help novice expired domain name
investors. Here are some common pointers and precautions
that provide an air of safety and security while dealing
with expired web domain.
Consider the real value of the expired web domain: Let us
say that you have an expired domain that is more than five
years old and you have not been able to sell it at a higher
price. Now, if you get an offer for that particular expired
web domain, ensure that you are not bargaining too much
with the prospective buyer. Before you want to reject the
offer, just sit down and think about the following aspects:
a)What is the life of that expired wed domain and since how
many days have you been holding that domain?
b)How many offers did people make in the previous months?
c)What was the highest offer?
d)What is the level of frequency at which you receive your
offer?
Note: If you own an expired web domain of four or more
years old, you would better sell it off soon for a decent
price. This will result in a fair deal for both you and
your prospective buyer. Never be too greedy to dispose the
domain for an unrealistic price.
Uncertainty of receiving consistent offers: Expired web
domain business is a quiet and discrete event! An offer
suggested by one buyer is entirely different from an offer
made by other buyers. The market conditions always vary and
change overnight, and the market condition of the day is
entirely different from the one seen about a year back. Set
a price for your expired web domain name and dispose it as
soon as possible.
Selling expired web domain is a marketing activity: There
is a misconception among domain name investors that people
come flocking together to buy expired web domain names! It
is not true! Selling expired domain is a marketing activity
and you will need to develop the skills of selling your
expired domain names in the ever competing market. You may
wish to put a notice board saying that the domain name is
for sale and interested parties can contact you, in case
they are keen in buying the domain.
Providing contact details to prospective buyers: The most
common mistake that investors commit is avoiding entering
their contact details on the "Whois" database. Ensure that
you enter your contact detail on the database, so that
prospective buyers can contact you and buy the domain at a
good price.
Every domain has its own price: Another mistake that people
often commit is to pay a higher price for a particular
expired web domain. Many investors assume that a particular
domain name will have a great prospect of selling at a very
higher price. But, this may not be always true! Ensure that
you are paying enough attention, while assessing the real
value of the expired domain; never ever, overpay for your
expired domain.
Finally, trading in expired wed domain is a delicate act
and a thoughtful exercise. Make sure that you learn about
pitfalls of buying and selling expire domain names, so that
you will not get trapped in the magical circle of expired
web domains.
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John Khu is the well-known author of a new e-book titled
"Expired Domain Secret". He is also a seasoned professional
with vast experience in expired domain name business. He is
also the owner of the path breaking web site called
http://www.expireddomainsecret.com which provides complete
and up-to-date information on expired domains and their
eternal secrets.
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