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Say you have a great idea for your new website’s domain name. You do a quick search and realize it’s taken. You could try to pick a different one, but you really want that exact name. In this situation, you need a domain broker–someone who can track down the owner of the domain name and make an offer to buy it on your behalf. To help you determine the best domain brokers, we researched more than 30 of the best to narrow down a list of the top five. The best domain broker for most is GoDaddy. It attracts an ample number of buyers and sellers, it is a major player in the domain space, and it has a clear-cut process for buying and selling.
The Best Domain Broker for Most
Due to its aggressive advertising campaigns that include unconventional Super Bowl commercials, more people have heard of GoDaddy than probably any other domain broker. Because of this popularity, GoDaddy pulls in a vast number of domain buyers and sellers, which lets sellers reach larger audiences and backs buyers with a credible name when contacting domain owners.
GoDaddy is an authority in the domain space and has plenty of experience with domain exchanges. It’s responsible for more than 82 million domain names, so you know you’re in the right hands. It has a clear 30-day max process for tracking down sellers and brokers who will negotiate prices for you. Plus, it caters to domains of any price and type. It’s the top choice for most people.
The Best Domain Broker Options to Consider
- GoDaddy – Best for Most
- Namecheap – Best for Low Commission Fees
- VPN.com – Best for High-Value Transactions
- Sedo – Best for Global Domains
- Brannans – Best for Premium Domains
When It Makes Sense to Invest In a Domain Broker
There’s an easy answer for this one: when you want to buy a domain that’s taken or sell a domain you own, a domain broker can help you.
More specifically, here are a few scenarios where investing in a domain broker rather than trying to manage the transaction yourself will be helpful:
- If you can’t locate the owner of the domain name you want on your own
- If you’re on a budget and/or want to make sure you can negotiate your offer
- If you want to maximize the value you get from selling your domain and/or want help finding the best buyer
- If you don’t have the time, knowledge, or technical background to handle the transaction by yourself
- If you really want to work with a person rather than the faceless internet
#1 – GoDaddy — The Best for Most
When attempting to purchase a domain, it can sometimes be difficult to contact a potential seller and get his or her attention. If you try to do this individually or with a service provider no one has heard of, you run the risk of being ignored.
GoDaddy is a well-known brand with social proof and credibility. If a potential seller sees that GoDaddy is attempting to contact them, they are more likely to take notice. When buyers use this service to contact a seller, their identities are kept private.
GoDaddy’s process starts with buyers entering the domain name they want. Next, they will receive an email asking about their budget range. The broker will then ask the current domain owner if he or she would like to sell.
If so, the broker will negotiate to find the best price possible. If the current owner tells the broker he or she doesn’t want to sell, or 30 days pass without the broker successfully contacting the owner, the buyer’s claim ends.
One drawback of GoDaddy’s domain broker service is that it’s somewhat expensive. Buyers must pay $125.08 (£89.99) upfront and commission fees are 20% per sale. If your domain isn’t sold, you’re still out of pocket for the initial charge.
#2 – Namecheap — The Best for Low Commission Fees
If you’re on a budget, low commission fees are something to look out for when choosing a domain broker. Namecheap has a simple domain auction platform that lets buyers and sellers negotiate on domains. It is affordable, charging no upfront cost, and has a flat 10% commission fee to sellers.
Like GoDaddy, Namecheap is a recognizable brand, drawing in more users and making it more likely you will find the domain you want. When you use its platform, you’re guaranteed a safe and secure transaction that may have not been the case if reaching out individually.
The marketplace includes tabs for “All”, “Featured”, “Premium”, and “Closing Today”. It lets buyers search domain names by category, content, maximum length, and seller name. If the buyer is looking for a specific price range, he or she can specify it during the search. These options let buyers narrow down their options so they can find exactly what they’re looking for.
Buyers will bid for the most desired domain names and once the bid closes, the domain is sold. After a purchase, transactions must undergo an approval process which takes up to 48 hours. Once the domain is approved, the new owner is free to begin managing it.
Head over to Namecheap and get acquainted with their marketplace.
#3 – VPN.com — The Best for High-Value Transactions
If you’re dealing with high-ticket transactions, VPN.com is the best domain broker for you. The company has brokered over $65 million in domain transactions, and it specializes in six, seven, and eight-figure deals. Some of its deals have included ETH.com for $2 million, Meet.com for $1 million, and Asset.com for $440,000.
There are no upfront costs with VPN.com, and it never charges more than 15% in commissions. These large transactions are protected by Escrow.com, the biggest audited and licensed escrow auditor online.
Payments are sent to a financial institution and can be made via credit card, cryptocurrency, wire transfer, money order, check, or PayPal. Buyer names are kept anonymous when purchasing.
If you are selling, VPN.com has a network of high net-worth individuals, brands, and high-profile investors it can connect you with. Selling a bundle of domains takes time and effort. Sellers can hire VPN.com to take their portfolio of domains and sell them.
VPN.com’s team will not only sell your domains, but will also manage the entire portfolio. It provides portfolio analysis including advice on DNS improvements, sales, acquisitions, and registrar changes.
If you’re unsure how much your domains are worth, VPN.com’s team will find this out for you. Its team of valuation experts uses market data and current events to calculate an estimate. To obtain an estimate, sellers must tell VPN.com the number of domains they need managed, what they believe these domains are currently worth, and their top three to five domains.
#4 – Sedo — The Best for Global Domains
Sedo is the global market leader in domain exchanges. It currently has 19 million domain offerings, 4 million parked domains, and 3,500 domain sales each month. It has been in business for almost 20 years and was built to help people buy, sell, and park their domains.
For people who want to exchange domains with a global audience, Sedo is the right broker. Its customer base is over 2 million people in over 150 countries. Its main employee base is in the U.S. and Germany with partnerships all over the world. Sedo handles every second global domain transaction and has made over 700,000 domain sales.
If you don’t speak the language of a seller, there’s no need to worry. Sedo’s employees collectively speak over 25 languages, and they will negotiate a deal for you. Sedo has safe transactions that can be made via bank transfer, credit card, or PayPal.
Fair warning, Sedo’s pricing structure is on the complex side. While some features are inexpensive, other services have fees that start to add up. It’s important to determine exactly what you need before purchasing from Sedo.
Registering with Sedo, transferring domains, parking domains, and buying domains are all free. When purchasing a domain with an express payment option that allows same-day transfer, a 3% fee is added. This is waived for transactions below $500.
There are no upfront fees for selling, but there are fees after a sale. The commission fees range from 10% to 20% depending on the transaction, and a flat fee is charged after the sale.
Finally, if you want to use Sedo’s brokerage services, you must pay extra. There are a variety of small fees with the added service that includes a $69 upfront fee for buyers.
Learn more about using Sedo by heading to their website.
#5 – Brannans — The Best for Premium Domains
Brannans is a domain broker that specializes in helping businesses buy and sell premium domains. Premium domains can be identified by being easy to remember, typically only one or two words long, and being followed by “.com” rather than, say, “.us” or “.biz.” Premium domains have higher visibility and brand clarity, which makes them highly sought-after.
Brannans has delivered more than 10,000 premium domains and will help you obtain one even if it’s currently not for sale. Brannans brokers have an outcome success rate of over 95%. As of this writing, some examples of premium domains in Brannans’ arsenal are Meme.com, Bulldogs.com, and Batteries.com.
Sellers have two options when they are ready to list their domain. Their first option is to create a wholesale offer and receive payment between three hours and three business days. Their second option is to sell at a retail price that’s typically achieved within one to six months.
It’s important to note that if you want to sell, your domain must end in “.com” and have an estimated retail value of at least $25,000. Brannans’ price includes a $49.95 fee per domain and a 15% commission. This is a moderate price to pay for a domain broker service.
Get great value from your domain broker by getting started with Brannans today.
Methodology for Choosing the Best Domain Broker
Before deciding which domain broker to go with, there are a few different things to consider.
Before selecting a broker to help you with buying or selling domains, make sure you understand its commission fees. Aside from upfront pricing, commission fees are the main way domain brokers charge their customers.
Typical commission fees range from 10% to 20% of the sale, and the burden can either be placed on the buyer or the seller. If you’re a buyer and discover a broker’s fees only apply to sellers, you’re in the clear. If you’re a seller in this situation, make sure the broker isn’t charging you more than 20%.
It’s also important to consider the amount of money being exchanged in the deal. If you’re selling a domain worth more than $100,000, you’ll probably want to use a broker like VPN.com that keeps commissions at 15% or lower. Failing to do so could result in you having to kiss $20,000 goodbye.
If you’re a seller, it’s hard to estimate the value of your domain. To ensure you’re asking for the right amount of money, hiring a domain broker with a valuation team is a huge benefit.
These analysts measure market forces and your domain’s worth to determine a suitable asking price. Failing to use valuation services can cause you to miss out on big money. There are domains that cost eight figures, and if you don’t know what you’re doing you could accidentally sell one of these gems for $50.
If you think your domain has potential, don’t make this mistake. Common indicators of high-priced domains are one word, easy to remember, and end in a “.com”. However, there are several factors that could make your domain more valuable. Make sure your domain broker is looking into this if you’re a seller with a hunch.
It’s critical to make sure you use a domain broker that protects payments. Using a secure payment system is especially important for buyers and sellers of high-ticket domains. It’s much better to use a broker that has a financial institution managing its transactions rather than simply sending money to a stranger. Words to look out for are “secure”, “protected”, and “safe.”
Domain brokers are essential when selling and buying domain names that are already in use. They help sellers earn the money they deserve and help buyers secure their dream domain.
GoDaddy is the best domain broker for most, while VPN.com and Brannans are great for high-value and premium domains. Namecheap is budget-friendly with low fees, and Sedo is great for global businesses.