Namecheap Marketplace: A good place to sell domain names

By | June 10, 2007

namecheap-marketplace.jpgThere are many places to sell your domain names, but one of the reasons why a domain name doesn’t get sold, is because of the competition. For example, on Sedo, there are so many millions of domains there that more often than not, it is impossible for your domain to actually get “airtime”.

Not so with the Namecheap Marketplace. From my experience, if you have some nice names, it is likely that offers will come quite often. It’s quite unknown compared to other domain markets, but that is probably why it could work for cheap domains.
The Namecheap Marketplace offers 2 types of domain sales models:

  • Fixed price.
  • Fixed price plus option to accept any offers. The offers can still be countered until both parties agree.

Why do I like the Namecheap Marketplace?

The marketplace is a good place to find cheap deals if you’re shopping around for a suitable domain since there is a limit to the price a person can set for his domain over there. It also serves as a “set and forget” kind of marketplace. You can choose to list your domains for 30 days and forget all about them. If they are sold, Namecheap will handle the transaction and transfer the domain into the buyers hands. In return, they get a 10% commission fee for handling it all for you. You don’t even know if your domain sold or not, unless you log into your account and see your balance, which must be a pleasant surprise (I like pleasant surprises).

The only limitations to the Namecheap Marketplace are:

  • A limit cap of $250 for your domain price. You can’t set it higher than that. So, if you feel your domain is worth more than $250, don’t list it for sale there.
  • The money that you earn from a domain sale, if it’s through PayPal or check, needs a minimum of $100 to cash out. So it means you can only use the money earned within Namecheap for renewals or purchases. Not very flexible.
  • Limited to domains registered or transferred to Namecheap. If you own domains elsewhere, you can’t list them for sale at the marketplace.

Obviously, many people set their domain prices at maximum – $250. But in reality, it’s not really wise to do that when most domains for sale are simply not worth even a tenth of that. It takes experience to know what is good and what’s not.

IMHO, the Namecheap Marketplace can be enhanced if the ceiling is raised, and the withdrawal limit reduced. In the meantime, it’s more or less like a convenient “domain trading cafe”, for cheap to low-medium priced domains.

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