Everyone has domains in their portfolio that they do not plan on renewing. Some people have only a few expiring domains while other can have hundreds of thousands of domains that will simply drop. Everyday there are about 50,000+ domains that expire and are available to be hand registered. Everyone has his own reason for registering a domain – most people buy domain names to do a quick flip – but it does not work – and the person doesn’t feel like spending $x or $xx on renewal fees so he simply does nothing and the domain drops. BIG MISTAKE.
If you have domains that are expiring and you DON’T want to renew them, then why not try to sell them? Why not try to get a few bucks for the domain instead of getting NOTHING? Last year I registered some domains that I planned on developing but never got around to it. After considering the options, I have decided not to renew a few domains. Instead of trying to make a profit on the domains (which I know will not happen right now) I have decided to try selling the domains to at least cover my reg fee. Not wanting to lose 100% of my initial investment, I decided to sell the domains to the highest bidder.
Today there are numerous forums and places that make it extremely easy for anyone to sell their domains quickly and for FREE. If you have domains that are expiring soon, meaning 6 months or less, then I suggest you try selling them for a reasonable price at any of the following places:
- NamePros Bargain Bin – You can sell any domain name for $20 or less
- Digital Point
- Domain State
I can recommend any of the above places for you to sell your expiring domain names for free. Also, when trying to sell expiring domains, I use the following as a method for pricing. If the domains expires in:
more than 6 months – $20+
3-5 months – $10-20
1 to 3 months – start an auction for $1 and sell to highest bidder
If the domain does not sell, then readjust the price and always make sure to bump up your post to the top in any sale forums. Just read the rules about bumping your post to the top. I currently have a few domains that are expiring soon. If a domain has 1 to 3 months left to expire, I send them to ebay for a 7 day auction. I like to include multiple domains and start the auction at .99. This has been successful and has allowed me to make some money from my expiring domains, instead of simply letting them drop which would give me no money at all.
So instead of doing nothing and letting your domains drop, take some time and market your expiring domains. Its much better to sell a domain for $2 than to lose $10.