What is the process of buying and selling a domain or a domain name?

@phynx15 (248)
India
April 14, 2010 1:49pm CST
Since I am new to this area, please explain to me in simple words or steps. How to buy a domain or domain name and how to sell it. Thanking you. Happy Mylotting.
1 response
@elmiko (6630)
• United States
14 Apr 10
first you got to check and see if a domain is available for purchase. any site that sells domains should be able to check and see if your domain idea is available. many of the easy domains that just about anybody can think of as an idea have already been taken. i had to be a little bit creative to come up with a domain name to buy unless you want to buy a high priced domain thats more relevant from a seller who usually jacks up the price really high if they are trying to sell the domain. if you do buy a domain and then want to sell it than it makes it more safe to use an online website that specializes in bringing buyers and sellers of domains together in order to complete that process of either selling or buying the domain. thats the safe way to make sure the deal goes smoothly without anyone getting ripped off.