I Don’t Need my Domain Name

When people decide to build a website they look to create a unique name for themselves. It could be that you already have a business and now want to create an online presence. That domain name that you thought up may or may not work when you create your website. If you’ve purchased a domain name that you no longer want there are a few things that you can do.

If you have chosen to go with another domain name and have one that you bought but won’t use, you can hold on to it. If your business expands, you may want to use that domain name for another website that you get up and running. As long as you hold the domain name, you will be charged a fee to keep the exclusivity of the name. This way, you don’t have to go through the trouble of thinking up another name for your website.

Domain names can also be sold. You may be wondering how you can sell a name that you came up with yourself, but you can. The idea behind a domain name is to create a unique entity on the Internet. Some are catchier than others and you want yours to roll off the tongue easily and stick in people’s minds. It is harder than you think to come up with a name that has not been overused and will draw attention in the market.

You have to put a value on your domain name before you can sell it. The value is set by the current market. Check some sites that deal in brokering domain names to find out what the high end value is for a domain name with your extension and unique name. This will help you know what to ask for.

People do domain name searches all the time. No one wants to duplicate someone else’s idea and get into trouble. Someone may come across your name and inquire about its availability. If it is not tied to a website, it is probably up for negotiation.

You can sell the domain name yourself. You can promote it on your website and find buyers. This can be a long process so if you don’t necessarily have the time to explore it, hire a domain broker to do the work for you.

The broker will shoulder the responsibility of finding buyers and entertaining offers for your domain name. Some will allow you to sell independently while they look to sell for you as well. These are brokers that don’t hold exclusive rights to handle the selling of the name.

What will you do with your domain name? There are a few options to pursue that can benefit you. Keep or sell — it’s up to you.