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Transferring Ownership

After you have found a qualified buyer for your domain name there is still a bit of work to do. Transferring ownership of the domain name from one name and registrar to another can take a lot of work, time and patience.

Consult with your domain registrar (or visit their online FAQ's) to find out how you go about transferring ownership of the domain. The process is different depending on your registrar.

The 60 Day Rule
Domains cannot be sold until sixty days after original registration according to current laws. If you try to transferring domain names to a new owner before the sixty days are up you will be frustrated because the registrar cannot do it for you.

Don't Be a Cybersquatter
A cybersquatter is an individual that has reserved one or more commercially viable domain names with the intent to sell them to the individual or organization willing to pay the highest price for the name. Differing from regular domain selling in that the domain name that has been reserved by the cybersquatter has already been trademarked or service marked by another organization.

Persons who register the name of a popular Web address or a company name with the intent of selling it to its rightful owner at a high price are cybersquatting and can be punished by law. Cybersquatters watch for registered domain names that become available when the owner goes bankrupt or simply forgets to pay their registration renewal fees. It's a shady business and a dirty way to make a buck. Obey trademark laws and don't be a money-grubbing cybersquatter.

Related Article: Domain Name Brokers >>