First, one must find a good domain name. Common words are best and the shorter the better, the names are more general and those searching can use them. In addition facts like spelling and hyphenating makes a big difference in the sale of a domain name.

Before worrying about the sale of your domain name you need to first register it. Awhile back it would cost one $70 to register for a total of 2 years. Now you can find registrations totaling as little as $14 a year.

Some believe the most effective place to sell your domain names are on auction sites such as Ebay.com.  One can also use a broker that will list the name for free and charge a fee when the name is sold. Others do charge a fee to list. Research these firms online because brokerage firms for domain names are still fairly new. Therefore, statistics on their successes can be hard to come by.

If you would rather, you can independently sell your domain name. To do this you can sit and wait for offers to come to you, you can create a web page announcing the sale of your domain names or create a site and post a notice that the name and site are for sale.

In any event, there is money to be made in the sell of a domain name.

When deciding to sell your domain name independently there is three ways in which to market the name. These include doing nothing, creating an active set or setting up a web page that is very basic.

Doing nothing is just as the title reads. It is the simplest way to sell a domain name. With this one basically sits and waits for potential buyers to come approach them. Unless you have a domain name that is a high commodity, this approach is slim to see results.

The flip side to doing nothing is creating an active site. For those wishing to give their time and effort to marketing their domain name this is the way to go. One will create a full fledge site and post a very visible notice that the domain name is for sale. An interesting site attracts many viewers, thus attracting more potential buyers. If your site is popular enough a buyer may purchase both the name and the information on the site.

Finally, another option is setting up a page associated with the domain name. Crate a message on the page that informs viewers what domain names you have for sale. The benefit to this approach is little effort and potential buyers can view the site while searching.