You need to determine what you feel the domain name is worth, based on current market conditions. And you need to pick a price that you would be willing to sell it for if you don’t get your ideal price. Then you need to find a buyer.

You can go out looking for buyers yourself, or you can use a domain name broker or auction site to sell it. Auction sites are very popular for people looking to sell domain names, and there are many to choose from. Some have a listing fee, some don’t. The commission rates vary.

Another option is to simply become a domain name registrar, by joining one of the programs that allow you to let people register domain names from a turnkey site they give you. This can be very profitable, with monthly profits ranging in the thousands. Then you don’t need to register domain names and hope that you’ve picked a good one, and hope that you can find a buyer to make it worthwhile, all you have to do is find people who want to register their own domain names. This is a much bigger market. And with some of the packages, you can offer very competitive prices

Remember that becoming a domain name reseller is not a business for everyone. Even though it is pretty straightforward to become a domain name reseller, not every reseller makes profits with the business. There are costs associated with registering and selling the domain names, and the market is a lot softer than it used to be. It may be a better option to develop micro sites and then re-sell the actual sites. By developing some traffic (and profits) for a domain name, not only will it sell more easily, you have a wider pool of buyers, and it is not as critical that you get the domain name itself right. After all, people are buying the traffic and the income already generated