Here’s how my first sale went down.
At NamesCon this year I met up with Ryan McKegney of domain sales service DomainAgents. After talking with him, I finally decided to take the ten minutes necessary to add my domain portfolio to DomainAgents.
This month I made my first sale with DomainAgents, but it actually wasn’t one of the domains I listed for sale. It was just a lead that came in through one of DomainAgents partners.
DomainAgents has deals with domain registrars, Whois sites and name spinners/suggestion tools. It syndicates some domain listings to them and also lets people make an offer on any domain name. In my case, the partner that generated the lead was a name spinning site.
Here’s the kicker: Potential buyers have to pay a $19.95 fee to submit an offer. They get their money back if they don’t receive a response from the owner.
DomainAgents pays domain owners $10 for responding to an offer. So even if the buyer doesn’t make a good offer, at least you’re getting a little bit of money for your time.
The other interesting thing is that the buyer pays all of the fees for the transaction, including DomainAgents’ fee. As a seller, you just see their offer and your counteroffers. The buyer, on the other hand, sees the itemized fees when they interact with the negotiation system.
Once a deal is struck, it’s sent to Escrow.com as a brokerage transaction.
I ended up selling my domain for about what I would have received after the commission had it been sold at my “buy now” price listed on Afternic.
Even though the domain I sold wasn’t listed on DomainAgents, I think it’s worth taking ten minutes to add your portfolio there. You never know…