as of yet i am at the researching phase, (i.e trying to work out if i can make any money out of domain trading) , i do not have any domains and was wondering how exactly do you sell a domain? i know you post it on a site like sedo, but what happens when somebody makes an offer? what processes do you have to go through for that domain to no longer be owned by you but instead owned by the buyer?
There are two proccesses to change ownership.
One is the push, the other is the transfer.
If you are selling a domain to someone who has an account (or will open an account) at the domain registrar where the domain is currently registered, then you can just 'push' the domain over to their account. For example, if your domain is at GoDaddy, and your buyer has a GoDaddy account too, then you would just 'push' the domain.
If the buyer wants you to move registrars, then that is called a transfer. The domain then goes from one registrar to the other. For example, if you are at GoDaddy and the buyer wants his domain at Network Solutions, you would transfer the domain to Network Solutions.
Both transfers and pushes are fairly easy, and can be done from the control panel of just about any registrar. A push is usually free, where as a transfer usually costs around $20.
If you transfer the domain, you will need to confirm by email that you want to transfer the domain, and the buyer will ave to accept this by email (through 'auth codes').
Hope that clears things up,
Zach
The best and easiest way to conduct a domain name sale in my opinion is to use a push to the same registrar. I would also recommend using an Escrow service if it is a major transaction.
