ACCEPTING YOUR PAYMENT
When you sell your domain name, you will want to ensure that the transaction goes through successfully prior to handing over the domain name to your customer.
One easy way to manage domain sales, is by using an Escrow service, where a middleman works at managing the sale by accepting payment from your customer, and transferring it to you once they have verified that the domain name has been transfered over.
With Escrow.com, you will pay a fee for using their services, so it's recommended that you only use it with larger domain sales. Paypal will suffice for smaller domain sales.
When someone purchases a domain from you, depending on the registrar that yo use, you may be required to obtain specific information from your buyer in order to push the domain into their account. For NameCheap, all you need is the buyers NameCheap username which is quick and simple, another reason I tend to use them for domain flipping.
With GoDaddy.com however, you are required to have more information available regarding your buyer and their GoDaddy account. Simply create an email draft within your Gmail account that thanks your buyer for their purchase and requests the information that you need.
By doin this, you can simply copy and paste that email to each buyer after a successful sale and let them follow up with their information.
If using NameCheap be sure to include the fact that they must complete their NameCheap profile entirely or NameCheap will not allow incoming domain pushes.
It only takes a few minutes for them to fill out their profile, but it‟s required and will save you time from attempting to push a domain only to be told that the buyers profile is incomplete.
Once again, be sure to communicate with your buyer and push the domain to them as quickly as you can after you have received payment. I would also recommend not accepting echecks from Paypal as they take time to clear and will delay the process and cause more work on your end by having to remember to check when it has cleared, etc.
And finally, be sure that your buyers pay you BEFORE you push the domain to them. This might be obvious to you but it needs to be said, as I have talked to many new domain flippers who push the domain immediately only to never receive payment.
Once the domain is pushed over it‟s not always easy to get it back. The most activity that will take place within your auction is during the last hour that it‟s available.
This is when the bidding wars start to happen and people attempt to outbid each other or snag it at the last minute. Because of this, you want to pay close attention as to when your auction will end.
If you list it on a 7 day auction plan, and you start the auction on a Saturday, it will end the following Saturday.
The problem with this is that the weekends tend to be slower online in general, and on eBay , I have also experienced fewer bids and less activity if my auction ended on either Friday night, Saturday or Sunday.
My suggestion is to make sure that your auction will end on a weekday, any weekday will do. I tend to use the 7 day auction plan and list on Mondays regularly, so I keep a schedule and routine going that is easy to follow (and remember).
Another important thing to remember is the times that your auctions will end in between one another. For example, if I list two auctions on Monday and it takes me ten minutes in between listing them, they will expire ten minutes apart.
This isn‟t always wise because if you have one buyer interested in both auctions they may not have the time to focus on bidding on both. Therefore, I suggest timing your auctions 15-30 minutes apart, meaning; create one.. go for a short break, come back and list the second and so on.
When you sell your domain name, you will want to ensure that the transaction goes through successfully prior to handing over the domain name to your customer.
One easy way to manage domain sales, is by using an Escrow service, where a middleman works at managing the sale by accepting payment from your customer, and transferring it to you once they have verified that the domain name has been transfered over.
With Escrow.com, you will pay a fee for using their services, so it's recommended that you only use it with larger domain sales. Paypal will suffice for smaller domain sales.
TRANSFERRING YOUR DOMAIN TO BUYERS
When someone purchases a domain from you, depending on the registrar that yo use, you may be required to obtain specific information from your buyer in order to push the domain into their account. For NameCheap, all you need is the buyers NameCheap username which is quick and simple, another reason I tend to use them for domain flipping.
With GoDaddy.com however, you are required to have more information available regarding your buyer and their GoDaddy account. Simply create an email draft within your Gmail account that thanks your buyer for their purchase and requests the information that you need.
By doin this, you can simply copy and paste that email to each buyer after a successful sale and let them follow up with their information.
If using NameCheap be sure to include the fact that they must complete their NameCheap profile entirely or NameCheap will not allow incoming domain pushes.
It only takes a few minutes for them to fill out their profile, but it‟s required and will save you time from attempting to push a domain only to be told that the buyers profile is incomplete.
Once again, be sure to communicate with your buyer and push the domain to them as quickly as you can after you have received payment. I would also recommend not accepting echecks from Paypal as they take time to clear and will delay the process and cause more work on your end by having to remember to check when it has cleared, etc.
And finally, be sure that your buyers pay you BEFORE you push the domain to them. This might be obvious to you but it needs to be said, as I have talked to many new domain flippers who push the domain immediately only to never receive payment.
Once the domain is pushed over it‟s not always easy to get it back. The most activity that will take place within your auction is during the last hour that it‟s available.
This is when the bidding wars start to happen and people attempt to outbid each other or snag it at the last minute. Because of this, you want to pay close attention as to when your auction will end.
If you list it on a 7 day auction plan, and you start the auction on a Saturday, it will end the following Saturday.
The problem with this is that the weekends tend to be slower online in general, and on eBay , I have also experienced fewer bids and less activity if my auction ended on either Friday night, Saturday or Sunday.
My suggestion is to make sure that your auction will end on a weekday, any weekday will do. I tend to use the 7 day auction plan and list on Mondays regularly, so I keep a schedule and routine going that is easy to follow (and remember).
Another important thing to remember is the times that your auctions will end in between one another. For example, if I list two auctions on Monday and it takes me ten minutes in between listing them, they will expire ten minutes apart.
This isn‟t always wise because if you have one buyer interested in both auctions they may not have the time to focus on bidding on both. Therefore, I suggest timing your auctions 15-30 minutes apart, meaning; create one.. go for a short break, come back and list the second and so on.
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