Questions for Domain Brokers

[nohbdyduzitbetta]

thread closed...thank you

 

[Biggie]

Hi

First, no one in their right mind would let anyone broker a domain for them without personal references, some successful past sales, and some history in this business.

Too many try to "come-up" on other peoples' names, posing as a broker!

However, to answer some of your questions...

1. Do you recommend requiring the owner to transfer the domain(s) to the broker? If so, how do you deal with the trust issue: owners reluctant to relinquish control of the domain to someone they haven't met?
No, why would I the owner transfer my name to you? duh!

2. How can a broker promote and sell a domain effectively if the owner insists on keeping the domain in his/her account? How would the broker get paid under such an arrangement?

Same way as a realestate agent gets paid...by commission after the sale is closed.

3. Should the broker have exclusive selling rights?

Yes, it would help to avoid confusion as to who/whom is marketing the domain., but it's not mandatory

4. What is a reasonable fee to charge for brokering?
10% > 20% depending on sellers asking price

 

[Johnn]

You need to prepare for legal document and have the seller signed before starting marketing for the name including all the details: exclusive rights to market the name, commission %, the length of the contract and any contingencies if either party violate the contract/agreement.

 

[JohnZ]

1,keep all the document(email,fax,message...) proof your broker role.
2,don't cost any money to market it without the relative document have the seller signed (incl price range,commission,the ownership document...)
3,your personal investgation about the real ownership is most important.

after you make big deal or get enough reputation in this market, the story will be diffrient! so, make some big deals first even you can't make enough profit at the beginning!

hope you good future!