How To Make Money With Domain Names
Think of a domain name as a piece of real estate. Like land in the physical world, a domain name is a piece of property situated in a virtual world - the Internet - and may be bought, sold, and traded off at a profit. Good domain names which were bought cheap at $10 can fetch from $500 to $10,000 and in some cases, millions of dollars when they are bought by big companies who need a specific name for their business. For example, Business.com was sold for $7.5 million and Sex.com was sold for a whopping $12.5 million. Makes your eyes pop doesn’t it?
Bottomline is, a lot of netizens have struck gold in the domain name industry but it’s never too late for you to cash in on the rush. You can easily build your own online real estate with these helpful tips on how to make money with cheap domain names.
- Park domain names. One of the simplest ways to earn money from domain names is by parking them. You don’t need to put up a website or add content - traffic will naturally come to a parked domain since people tend to search or mistype phrases or words which can lead them to you. Buy ads from advertisers so that you can earn money every time a visitor clicks on them. Ads can come in the form of links or photos.
- Keep track of expired domain names. Thousands of domain names expire every week because owners may be lazy or forget to renew them. Take advantage of this by compiling lists of expiring domain names - you can ask the domain registrar for that. You can also backorder a domain so that if it has not been renewed for 40 days the ownership reverts to you. Buy expired domain names which are still active so you know the original owner really needs it. When the previous owner wants to buy the domain name back, negotiate a deal and sell the cheap domain name you got for only $10 at a nice profit.
- Buy domain names and sell them later on. Good domain names are short, simple, and easy to remember. Make a list of domain names which people might eventually need so that you can sell them at a good price.
- Become a domain reseller. You can become a domain registrar affiliate by contacting your registrar if they have that kind of program. How does it work? To become an affiliate, all you have to do is buy a bundle of domains (say 50 of them) at a discounted price. You can then sell them at your own price. The difference of this scheme from the third one is that the domain names will be determined by your buyers, not you. You’ll become a domain registrar yourself.
Now Pay With
