Tag: Okens Brokerage

Domain Mistakes

#2 Mistake – My Unused Domain Has No Value

Remember when you bought a set of domains to protect your brand as it grows? You were so proud of yourself – planned for your most important digital asset. Years have passed, and you haven’t used them, so you think they have no value.

Think again! Your unused domains have value.

Sometimes, our need for a domain or set of domains is no longer relevant; some customers leave them to expire, and others try to resell them via third parties. But here’s the thing: If you think that your domain or domains have no value 90% of the time, it is because there was no consideration given to the value of those domains when you acquired them.

You know what happens? It becomes a bargain for the buyer, but you just give money away. In some cases, we’ve even seen domain holders try to buy back their old domains later because they altered their business model or expanded faster than expected. We see this mistake frequently repeated despite our hand-waving.

Our best advice is to think twice about letting a good domain expire. It may be better to hang on to it, so think long-term rather than short-term. And if the financials are an issue, have a chat with us about possible domain parking solutions.

If you want to let them go after or see their value or lack of value, Okens Domains can help you assess their value. And here’s the really good part for you — it doesn’t matter which domain registration company those domains are with; we will help you sell them and reduce your time worrying about whether you did the right thing.

Stay tuned for the next story in March for our Mistake of the Month series. In the meantime visit www.okens.domains to learn how we can help.

Okens Brokerage Services

Get The Domain You Want With Okens Brokerage Services

The Rolling Stones said you can’t always get what you want, but Okens Domains thinks you can. Introducing our new Okens Brokerage services that help you acquire that coveted domain you want to grow your business, even if that domain is already registered.

Traditionally, a brokerage service is a business or service that specializes in buying and selling domain names on behalf of clients. Sometimes, individuals or companies may own domain names they no longer need or want. In contrast, others may be interested in acquiring specific domain names for their projects, businesses, or investment purposes.

Okens Brokerage will handle everything from valuation to negotiation and domain transfer. We facilitate buying and selling domain names using different tools, platforms, and our extensive global contact database.

Another benefit of Okens Brokerage is the service of helping you value your unused domains to see if you want to keep them as an investment or value them for sale. The services will also negotiate on your behalf to ensure you get the best price for the domain.

Here is the entire process for brokering domains with Okens Brokerage services:

The Buyer: The person or parties who want to purchase the domain. The buyer can ask for a particular domain or the range of markets they are interested in, and we help them find domains in that industry. It could also be related to specific countries, TLD’s, etc.

The Seller: This is the person or party looking to sell the domain but may need more time or resources to research the domain’s value to the industry.

The Valuation: There are many variables to consider when it comes to the valuation of a specific domain. Okens investigates to see if we can help with the request and look at domain requirements and pricing to create a market value of the domain. Once we do this, we communicate to the customer so they can decide on selling or retaining the domain for a future sale.

Listing: We proceed to the listing phase once the customer agrees to sell. In the case of the seller, Okens will create a domain listing in our platform and then update any interested buyers.

Negotiation: Okens Domains team has extensive expertise in domain business and valuation experience. We understand the domain’s value and have an educated sales team that helps negotiate and guarantees our customers the best price.

Managing The Selling Process: The full scope of the process from valuation to negotiation and transfer of ownership is done by Okens Brokerage Services. Buying and selling a domain involves investigation, communication, source of information or channels, communication, payment, and transfers, for starters.

Transaction: Once an agreement is reached, Okens Brokerage brokers and facilitates the transaction process which includes handling the transfer of ownership and ensuring a smooth and secure exchange of funds.

Escrow Services: Okens Brokerage Services use escrow services to protect both the buyer and the seller. Escrow services hold the funds securely until all aspects of the transaction are completed, reducing the risk of fraud.

Transfer of Ownership: The Okens Brokerage team oversees the technical aspects of transferring the domain name from the seller’s registrar to the buyer’s registrar and updating the domain’s registration details.

Post-Sale Support: The Okens Brokerage team supports the entire post-sale process with a smooth transition and addresses any issues. We are with you from start to finish and beyond.

Visit Okens.domains for more information about our services.

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