Making money selling domain names online is an online money making method that not so many people know about or use as a way of earning money online. But there are some people who use it as a money making hobby, and they do pretty good.
Domain names are one of the most important parts of any online business. It’s basically the name your audience come to associate you and your product and services with. And that’s why for online businesses it is so important to find the right domain names.
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Today, a lot of domain names are already taken. But there are still thousands of potential good domain names out there waiting to be discovered. You can take advantage of this opportunity and make money online by finding such domains and matching them with potential online businesses who may need those domain name.
If you don’t know how to make money buying and selling domain names, you may think it is rocket science. But to be honest, the process of finding and registering domain names so you can sell them for profit later on is fairly simple and straight forward. You simply do some research to find any available domain names that you think would be of a value to online businesses.
Selling Domains Is Easy And Cheap
One of the main advantages of making money selling domain names is the fact that it’s a way to make money without investment. It costs you nothing more than a few bucks for registering the domain name. Beyond that, it’s just a matter of doing some research to find and register domains that can be sold for a profit. And that’s why selling domain names is one of the easiest and cheapest ways to make money online.
Separating Trash From Treasure
The most important part of making money with you domain names is determining if a domain name is a worth buying and reselling. You can just register any nonsense domain and think your gonna make good money selling them later. Another word, if you want to make money with domain names, you must have domains that appeal to others. But, how would you find out if a domain name is trash or a real treasure?…
To do that, you must think like online business owners who may be buying that given domain name from you. Here is an example: Think of yourself as a website owner who has a website about making money online. You go to buy a domain name for your website. You come across 2 domain sellers, both of whom have a few good domain names for sale. The first one has domains like “TradingForex.com”, “MyLifeToBe.com”, “Gardening101.com”, “BestTvShows.com”, and other names that don’t have anything to do with the general theme of an online money making website. On the other hand, the other guys has domains like “MakingMoneyOnline.com”, “MakeMoney.com”, “HowToMakeMoney.com”, etc.
Which domain seller are you likely to buy from given that you are looking for a domain name about a website centered around making money online?…
Of course the seconds guy! He has domains that have your keywords in them, and are in line with the general them of your website. Many people would not even hesitate to pay 10 times the normal price for such a domain.
That’s the whole point, do your research, and don’t just pay to register any domain names in hopes of selling it for a profit. You will not make money. In fact, I am pretty sure you will lose money on that. Instead, think like your potential buyers in different niches. Register domains that are valuable, domains that make sense, domains that tell people what the website is all about without them having to even visit the website first.
Of course, there are exceptions too. We all know of successful websites with crazy domain names that don’t have anything to do with the theme of the website, like Amazon.com, or even eBay. They don’t tell you anything about what the website is all about, but these are exceptions, and that’s a whole another subject.
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I would suggest if you are a beginner in domain selling that you stay away from domains like that. It would be hard to find buyers for such domain names. Yeah sure, now that we know eBay, anybody would pay a lot of money for that domain name. But think of it before eBay was eBay. Do you think you would want to buy that name for an action site?…
Different Domains – Different Prices
We all know about crazy prices that people pay for domain names. One example would be the Fund.com domain which was bought for $10 million from a domain seller who originally paid probably $10 to register the domain name. There are many more examples like that.
Of course, that doesn’t mean that you are going to make that kind of money with every domain you register and resell. On average, most domains sell from a few hundred dollars to a few thousand dollars. But the beauty of buying and selling domain names for profit is that you never know. You may have a domain name that to you and most other people would seem worthless, but to another person who sees a great opportunity in using that domain name to lunch a great idea into a money making business, it could be worth thousands or even millions of dollars. That’s the day when you get lucky!
Domain selling business is kind of like dumpster diving, it’s fun to go out there looking to find good domains names, whether they are expired domains or domains that have never been registered before. Dumpster divers go through tens of dumpsters with lots of useless stuff. Most of those items are just trash, but once in a while they come across something that is truly a treasure and worth a lot of money. But through the years, they have learned to differentiate between real trash and treasure. If you can separate the trash from the treasure, you too can make money selling domain names.