First things first – what is a domain broker? Think of domain brokers as the real estate agents of the Internet, the insurance brokers of websites. When you’re buying a house or taking out life insurance, you consult an expert, right? And a domain name broker is precisely that – an expert for domain name trade. If you’re unsure about what a domain is, then we can best describe it as the address of a website on the Internet – it’s what you type into the web browser to access a specific website. That’s a domain in a nutshell. You can read more about it in our dedicated article on what a domain is.
Domain brokers can help you make money with domains – as they themselves do exactly that. Domain name brokers are in the business of buying and selling domain names, which can be a real challenge. Because domains can cost over a million dollars – the most expensive domain ever sold was $1,200,000 – it’s important to know what you’re doing when you’re getting into the domain name trade. Domains don’t need to cost seven figures for a domain broker to be of use – ultimately, if you need help buying or selling a good domain for your business, a domain name broker can be a great help. Let’s take a closer look at what kinds of domain brokers exist, and what the buying and selling process looks like with a domain broker.