How can I get a good price for a domain name transaction? What should I pay attention to when trading?

As we all know, in the domain market, there's a saying about "making a fortune overnight" or "getting rich overnight." The domain name industry is also prone to "making a fortune with a small investment." However, behind any high profits and high returns lies a method and skill. Only by doing so can you have the opportunity to sell your domain name at a good price. Let's take a look at what you should pay attention to when trading domain names.

1. Is the domain name restricted?

Sometimes, domain names restricted to specific countries and regions require careful consideration. If you don't thoroughly research certain domain extensions, you may be subject to restrictions. For example, some domain extensions like xyz are registered in my country, but not in Beijing. Pay special attention to these situations, as failure to do so could lead to significant trouble.

2. Remember to renew your domain name.

This may seem simple, but some people overlook it. Sometimes, by the time you remember, the domain name may no longer belong to you. Many platforms now offer automatic renewal, provided you have sufficient balance in your account. If you're not sure you'll remember to renew, Xiaoju recommends opting for automatic renewal or a one-time multi-year renewal.

3. The seller doesn't need to be present in person.

Domain sellers typically prefer to work with a broker. A broker is a third party who sits in a neutral position and can handle each transaction professionally. They typically have a clear understanding of the seller's intentions and the base price they're willing to pay for the domain. If you purchase the domain in person, the other party will likely bid based on your financial resources or the brand's influence, which can result in a significantly higher price.

4. Avoid discussing the price publicly.

As a domain buyer, avoid publicly discussing your purchase until the transaction is complete. This is to prevent ulterior motives from inflating the price, potentially saving you significant money.