Using Broker

[jrevard]

I have never used a broker to get a domain name. Can someone give me a bit of info on how it works and how much I should expect to pay?

GoDaddy shows $69 as a standard broker fee. The domain I want may be desirable because it’s only two characters. Can anyone ballpark a number for me? Thanks!!

Also, there are tons of domain names that are bought up so using a broker is really becoming the only way to go.

 

[Mr. Deleted]

2 character .com? It depends a lot on what letters and the extension. Is it a letter and a number or Vice versa?

 

[Helmuts]

Morning,

The bottom price for 2-letter .com's is 600k USD (usually would be paid by 1 domain name investor to another one)

Can you share is it a .com, .net, some other gtld, or some country extension (all 2-letter domain extensions are country extensions. .co -Colombia, .de - Germany, .co.uk UK and so on)?

Also, is it a combination of a number + letter? is there a hyphen in the middle?

.. don't tell us the name > extension and its structure would be enough for the beginning.

You can check the previous publicly reported sales at namebio.com - have you tried it before? You would probably need to start from there.

Best!
H

 

[Deleted member 322995608]

Kindly DM the name you are looking to purchase. TQ

 

[Mr. Deleted]

GoDaddy shows $69 as a standard broker fee

FYI most brokers will charge you a percentage of the sales price. The 69 dollars is for to get started I believe, as they don’t want to do it for free. But once the domain name is sold they’ll want a bigger cut. This can be up to 10% of the price, and I assume that would be from whomever hired them to buy or sell the name.

 

[jrevard]

Thank you all for the replies. The extension is.com and the structure is letter then number, no hyphen. I am not surprised the price is astronomical, but I had no idea so I had to ask. I guess I’ll just need to get more creative. If I get a less desirable name but it’s still brokered, what might be the bottom line on any given name with around 6 characters or so?

 

[Mr. Deleted]

what might be the bottom line on any given name with around 6 characters or so?

There are sites to browse for such names, and you will have to decide on a budget for the name. The price can very wildly depending on what you’re looking for. If you’re looking for a brandable or a descriptive term etc.