Domain Name Auctions are a great way to buy and sell!

It is a common practice in the travel industry to purchase domain names similar to yours so that customers who accidentally mistype can still reach the right place. In some instances, those domain names become high-value items due to news reports or current events and are well worth the sale. On the other hand, if a company wishes to purchase 20 domain names, but only 18 are not registered, domain name auctions are a way to transfer rights for that domain name to your company.

On one site alone, www.tdnam.com, there are currently over 30,000 travel-related domain names for sale. To break this down into categories in 2007:

• 328 Travel Agency domain names are for sale
• 7969 Hotels and Inns domain names are for sale
• 1418 Destination-related domain name are for sale
• 1794 Air Travel domain names are for sale

Auctions are a great way to keep your domain names current. Perhaps your business name changed and you no longer use a domain name, it's easy to list for sale. It's also easy to search for names that you'd like to own and forward all that traffic to your site. Many auctions not only allow you to bid, but also allow you to list a set price and "sell it now."