Development Will Result in Fewer Offers
Based on my own experiences, I believe that developing your domain names will likely result in fewer unsolicited offers to purchase them. You may want to consider this before embarking on a domain name you’d ultimately like to sell.
When I first bought DogWalker.com, I received somewhere around 10 offers in the first few weeks of owning it. Since building a website on the domain name, I received no subsequent offers to purchase the domain name. The same can be said about my geodomain names I’ve developed. In thinking about this further, I rarely receive offers for my developed domain names, even those with mini sites. It may not be the sites (perhaps it’s the names), but it is something to think about.
On the other hand, I do still receive offers for my undeveloped domain names. In fact, I sold BikeTours.com and a small town RealEstate.com name last week to buyers who contacted me using the Parked.com contact form I have on most of my parked domain names. I receive quite a few offers on my parked domain names, although most aren’t from Whois lookups.
I am of the opinion that many people want to buy domain names but they do not know about the Whois database. They visit their desired domain names to see if someone else has a business or website on them. Unless they have very deep pockets, I don’t think many of these entrepreneurs and wanna be business owners are going to contact a relatively good looking website owner asking to sell the domain name.
I believe having a clear “for sale” message does help drive offers. In fact, I’ve heard that the bright orange stripe on the top of many Internet Traffic and Name Administration domain names is helping to increase offers. It should also be noted that Domain Market and SmartName use a similar call to action message on the top of most parked domain names.
If you have domain names that you want to sell, you might reconsider whether to develop them for short term revenue opportunities since they could cause a decrease in unsolicited offers. If you do develop them, be sure to have a clear “for sale” notice on them.
I would really like to hear your feedback and experiences on this.
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