Things You'll Need:
- Internet access
- A browser
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Step 1
Go to Sedo.com. The site is set up in a convenient manner, with featured domain auctions, top domains for sale, and a simple search engine to find domains using your key words. Even if you decide not to use Sedo, other domain marketplaces are designed in much the same fashion so this article will be relevant no matter what you use!
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Step 2
Search for domains on auction or for sale with key words that match what you are looking for. For instance, if you want to set up a pet adoption web site, the words pet and adopt would be a good start for your domain! If you are lucky and there are available domains with those key words or phrase in them, they will be shown to you in the results list.
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Step 3
Also, look for domains on auction or domains for sale by browsing the various categories listed on Sedo. These domain categories are broken down in a common sense manner. For example, if you want a personal finance domain, look under the business category.
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Step 4
Once you find a domain you are interested in buying, figure out if the domain listing is an auction or in a offer, counter-offer system. Depending on what system the domain seller chose to use, either make an offer based on your budget or join the auction and make a bid.
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Step 5
If you are lucky enough to win the auction or negotiate to a deal, the domain transfer process begins with Sedo acting as the third party. This may sound scary at first, but it is actually very beneficial to both the buyer and seller. Sedo offers an escrow service where the buyer places their money in an escrow account with Sedo until the domain is successfully in the buyer's name in the WHOIS database. This protects both parties from fraudulent activities or errors in the transfer. For their services, Sedo charges a small fee to conduct these secure domain transfers. That's all there is to it!
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Step 6
After the domain is successfully transferred to your registrar, feel free to begin building your web site with it. Congratulations on your domain investment! Remember, there are other web sites much like Sedo online, so choose the one that you feel the most comfortable with or has fair fees. In many cases, especially if you are a domain flipper or domain reseller, using Sedo or a similar service can almost seem mandatory just to stay sane!
