Linking your website with a domain name is beneficial in the long run. Those that opt for paid shared or dedicated hosting packages will likely get a single domain to work with for free. As your site grows in popularity, your domain becomes more valuable. The domain itself has its own value and it is not directly linked to the site it points to. Although the linked site has an influence on how valuable your domain name can get, you can safely sell your domain name to another individual to earn some extra cash. You can set higher prices if your domain names are valuable. People will go for these valuable domain names rather than the free domains because they serve as quick boosts in getting their new sites popular. Here are some tips that you can use to ensure you get the most out of your spare domain names.

Getting Domain Names Early for Selling

You can find many domain names online for very cheap prices especially if you buy them in bulks. There might even be some sites that offer free domains because they have very little value. Take advantage of these offers because you can put these domains to use and host websites that are used to increase the value so they become worthy of selling. You can start out with a couple of domains so you won't have to worry too much on multitasking when you have finally have to do the selling. When purchasing or acquiring these domain names, be sure to put your relevant contact information so others can make inquiries if they are interested to purchase your domain. People often check the WHOIS information of your domain so they can see the contact details.

Effectively Pricing your Domain

Before you put your domain up for sale, you need to finalize your price so you can make deals with confidence. Determining the price depends on the domain's search engine ranking. You can figure this out by searching for online tools that check the page ranking or PR. The actual domain itself can control the price as well. If the domain consists of popular keywords or proper combinations of keywords, the domain has greater appeal. The same can be said with domains that are easy to memorize.

Once you have assessed the value of your domain, look for other domains online that have similar assessments and get the value for those domains. If you feel that your domain is superior, you can slightly bump up the price. Ultimately, you have full control on how much you can price your domain names. Your chosen price will only affect the decisions of others but take note that they cannot get better deals elsewhere unless they encounter a domain name that is very similar to yours. Getting those domains as well and putting them up for sale as a package can eliminate this possibility.

From this point forward, you have to use your standard marketing efforts to spread the word that you have some valuable domain names for sale. One of the best places to market is in forums or social networking sites. Just make sure you are in a community filled with webmasters that may actually be interested with your deal. Many domains focus on a certain theme and are therefore targeted for specific users. You will get more inquiries if you reach out to those people. Then you can contact your registrar and proceed with the transfer once you found a buyer.