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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?
Sedo.com will conduct the auction for you, and ensure the payment is collected before the domain is transferred. Not an owner, just a satisfied customer.
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As a buyer I've had good experience with buying "resold" domains both from Afternic.com and Network Solution's Certified Offer Service.
/. article and an auction might be just the thing for your situation- if you're willing to pay the transaction fees of course :)
Each service has it's own features- Network Solutions, erm, solution is really just a way to make a safe transaction on a domain sale to an independent buyer, it offers an escrow service and other protections. Afternic has a similar service but they also have a nice domain name listing service where you can auction your domain like eBay. There may be others, but these are the only 2 I've had experience with, albeit from the buying side.
For your situation with this buyer I recommend to at least use Network Solutions' service to manage the transaction-- it offers protection to both you and the buyer, though there is a fee of course.
By the way, Network Solutions service also offers free domain name appraisals (Afternic has one too but charges). I don't know how much to trust it because for your domain I received values ranging over $10,000 when I first queried it on down to the $500 range later on. It seems to take into account the number of queries for a domain name? I'm not sure, but try it and see what it says now. Also, if RadicalTrust is also the name of a product or service then that price could be higher (or possible lower) then the estimated value according to Network Solutions.
If I were you I'd post it on Afternic.com for auction and tell your buyer about it. Your sure to incur some new offers from this
Good luck!
...unfortunately no one can be told what The Mat^H^H^HGoatse is...they must experience it for themselves...
I would advertise the domain on Slashdot. It has a far higher readership than other any site that might show up in something like a Google search for "How to sell a domain name", and its far more likely to get posted by the moderators compared to other sites like kuro5hin or digg.
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.