THE DOMAIN AUCTION: HERE IS EVERYTHING YOU SHOULD KNOW ABOUT IT.
Domain auctions, like heritage auctions, sell many historical items and collections, such as rare coins, artwork, jewelry, and many other valuables. But the world’s biggest auction houses are also selling something you would never have come up with before: selling domain names. Although the sale of domains by auction houses is still quite rare, there are already several websites where domain auctions take place on a daily basis.
Finding the perfect domain name can be easier with hundreds of new generic top-level domains, although if you’ve previously encountered setting up a website, you’ve most likely become frustrated because the domain you like is no longer available.
Don’t despair – the ideal domain name for you may belong to someone else at the moment, but that doesn’t mean you shouldn’t dream of owning one. This can be helped by a domain auction, which is a good place to buy a domain previously acquired by someone else (or to sell your own domain if that’s your goal).
Now let’s look at how a domain auction actually works:
Domain name auctions work like any other auction you have participated in, such as eBay or another local auction. If you’ve ever bid in an auction, you’re familiar with the mechanics.
The auctions have an initial bid and the bids increase incrementally, and people can bid on the proxy server. Most domain auction services have an auto-expand feature that extends the closing time for last-minute bids.
Due to the limited time of the domain name auction, most buyers at these auctions are domain name investors who hope to resell the purchased domain later at a higher price. These auctions usually sell domain names to domain name investors, companies that are no longer interested in using the domain, and also companies whose domain expires and therefore becomes available to others.
Most Popular Domain Auction Sites On
If you are interested in buying or selling a domain at a domain auction, please see here:
Sedo is a popular place to sell and buy domains. While most sites sell domains through negotiations or Buy Now prices, this auction also features real-time active auctions.
If Flippa used to be a website sales company, now they are also involved in domain sales.
Ebay has also created separate categories for domains. If ebay is not the market leader in the online auction business, then their domain site is not very popular because it is cast over poor quality domains. Nevertheless, you can look there anyway, because who knows, maybe you will find something you like there.
There are other similar sites where you can sell or buy your domain. Here are a number of other popular auction sites like the ones listed above.