Hello everyone,
I feel it’s an interesting topic to share and discuss with you.
I have been actively buying domains through auctions like GoDaddy Auctions, NameJet, SnapNames no matter they are expiring, buy out, privately listed, etc. But there is one more way to acquire domains quite easily and without any trouble. That is to buy domains privately.
Now there are few points right now on my mind which makes me feel more comfortable buying domains privately.
1) Chances are to get reasonable price because the seller won’t require to pay any commission to middleman (broker) or any companies like Sedo, Afternic. These companies charge 10-20% commission which sellers must pay so many times if the seller is regular in this business he will up his asking price by 10-20% depending on the platform where the commission structure varies. So once you go directly there is possibility of getting straightaway discount in the range of commission they would be paying to those companies.
2) It’s completely hassle free because buying domains through an auction is to wait till you win the domain. No matter what the time is. Chances are to lose as well because some buyers don’t have idea what the real value of that domain is (reseller value) and overpay for that domain. You can be the victim too by outbidding him and winning the domain. At the end you will pay more than you were willing to and will face difficulties in selling at decent profit.
3) One more important thing while making private purchases is the negotiation tactics. You have to be very patient and never show your desperateness for that particular domain. You know there are few domains I bought privately which took me more than 1 year to acquire from the previous domain owner. The more patient you are and have negotiation skills, the more chances to get that domain with lowered price.
There can be some more advantages of buying domains privately. If you come across any, feel free to share. Also do you agree with me on above points?
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Its a good post. Agree upon what you’ve said to have a domain other than available options. But, we need to keep all doors open; so that we may try to get good domains at low prices through auctions also.
That’s right. I don’t disagree to buy domains through auctions but I just feel buying directly from owners is just hassle free and gives you upper hand rather than going to auction and participate with many bidders which is most of the time case when the name is good one.
Thanks Irfan for coming and sharing your views 🙂
[…] Why buying domains privately is better than other available options […]
Hello
Dear Abdul basit can you please guide me from where or how can I find sellers privately ?
Hi Ahmed,
If the domain isn’t resolving, check the WHOIS and contact the domain owner and see if they’re interested in selling it.
About this i spme questions…my first question is how do you know a particular domain belongs to a particular private owner? most times if the domain isnt resolving and you check whois the owner may not share there details. lastly do private owners have there own market places or dropping soon platform
You may check it via any WHOIS website. Since the WHOIS is these days hidden, you may use reverse WHOIS to find out the current owner. I use Whoxy.com which is free but if you’re willing to use any paid service, you may check it out DomainTools.com and DomainIQ.com (I haven’t used any of their paid services yet though).
Thank you very much Abdul, i really love reading your blog, it opened my eyes to many things,i started domaining recently and i want to learn as much as i can so i can be successful just like you…i dont know if its possible you share the scope in one of your blog post about how your message look like when you are reaching out to a private buyers, also do you target registrars domain aswell? do you contacts them privately?
Thank you so much Ola! 🙂
It’s good you’re willing to learn and that’s a good thing. You should focus on learning a lot first before you start buying any domain.
For private domain purchases, I only contact the domain owners and not the registrars. Contacting registrars doesn’t make sense.