Domain Magnate

Hey all,

I sell domains through forums quite frequently and always try to improve my sales threads and techniques, so I thought I’d share a few tips here in hopes that it will be useful. This post will mostly contain general tips, for more specific advice watch for the next posts in the series.

Include your terms.

This is quite important to prevent any disputes, or misunderstandings. Also to protect yourself from scammers and save time. I usually include something like this at the beginning of my sales threads:

- All prices are temporary and sale may end without prior notice
- Payments by bank wire, escrow, paypal (masspay, or add 4%), moneybookers, e-gold - all fees paid by the buyer, payment must be processed within 2 days.
- Bulk discounts are possible only if you buy 3 or more domains domains, pm for details.
- Please use who.is/domain.com to check registrar and expiry dates where not listed. All names should have at least 2 months till expiration read more »

This is a complete guide on domain scammers that shows how to recognize and avoid scammers while trading domains.

There are several popular scamming schemes:

1. Scammer sells stolen domains

How it works:

Scammer trying to sell quickly a stolen domain for a bargain price.

A domain can be stolen by hacking into the a email address associated with it - like yahoo, or hotmail; or by means of social engineering, e.g. if a scammer contacts the registrar support and pretends to be the owner of the domain who forgot the password. Stealing passwords is also possible through keyloggers and trojans installed on the domain owner’s computer.

How to avoid having a domain stolen?

- don’t use free email addresses in your domain contact details. Most people still do this and it puts their valuable domain assets as higher risk. Instead use an email address from your own domain.
- install and run an antivirus and antispyware software, update it frequently and run scans. Here is a good guide on cleaning your computer from spyware and viruses.
- always use strong passwords, random letters and numbers that are near each other on the keyboard. Use different passwords for everything and a password manager to keep track of them. Roboform is recommended. Change the passwords once in a while.
- keep your whois contacts and registrar information up to date read more »