Domain Name Buying and Selling Do’s and Don’ts Part 3

OK, final installment of Domain Name Buying and Selling Do's and Don'ts. Some of the comments I have got through DM on twitter and in email from those that know me have been fun and actually have led to some fun ideas for future blog posts. Keep in mind these are mistakes that most domainers have made at sometime or another (myself included) and are meet to help not berate.

After todays installment I will leave this theme of posts for a bit:)

1) If you are selling a name based on traffic and revenue, DO make sure you test it at multiple parking providers first. Although I prefer Parked.com in most cases I find that certain names perform better at other parking providers (I do much better with adult names on SedoPro).   Now why it is important, I recently sold a name on 2 years revenue that at Parked.com was making approximately $20 a month. I tested this same name on SedoPro and it made $80 a month, thats a major difference if you are looking at a 2 year revenue multiple. $480 compared to $1920 just by taking the time to test on multiple parking companies.

2) Do NOT backorder domains at just one drop catcher. You will miss names you want guaranteed, it takes no more than 3 minutes to add the backorder on a second site (or even 3rd). I routinely use Snapnames and Namejet (to a lesser degree Pool) and have even on occasion use Godaddy backorders. If its a good name its worth the effort to cover your bases.

3) Do NOT ask for appraisals on forums, when I was a newbie I did this, its bad for 50 different reasons. Its not worth the effort.

4) If you are trying to move a traffic name be prepared to provide more details if its a name you are asking for more than $1XX on. I see people acting surprised when people want to see referrers, keywords, 3 months revenue, etc. If you cannot provide that is fine but do not expect to get the same revenue multiple that someone who can provide would get.

5) This one is more of an annoyance than anything, READ the forum rules before posting a for sale thread. The rules are there for a reason, the rest of us are abiding by them, you need to as well.

Thanks for reading once again. If you are into traffic names item #1 above is probably the most important one out of this 3 part series.