Each year, it is estimated that domain name sales generate between $250-$500 million. With so much money in the industry, buying domains online has become a lucrative business for some. Although, the majority of domain sellers are trusted and respected domain name, there have been some reported high profile domain scams/fraud. With this in mind, I have collated 6 top safety tips to consider when buying domains online:
#1. Check the Email Address
Most domain sellers will trying contacting buyers using email. But, in the modern day where spam and fraudulent emails are rife, it’s hard to determine which sellers are trustworthy. If you find a domain that you are interested in, check the seller’s email address. Is it a personal, random or business email address? The majority of legitimate sellers will have their own bespoke email address with their associated website. However, if you are not sure, you can always ask the seller to email you from their business email account or provide further information about their business and background.
#2. Do Your Research
Like any potential purchase, do your research beforehand. It is worthwhile reviewing their website, testimonials and any online reviews. A proven seller would be happy to share their testimonials and direct you towards any references. Thorough research will enable you to make a decision about whether you want to do business with the seller.