A domain name is an address which is used to access a website. There are the millions websites out there which means that there are the millions of websites need domain names in the cyber world. However, each domain name must be unique. Businesses are keen on having the attractive and catchy domain names in order to help to increase the traffic to their websites. With new businesses beginning operations every day, and each new business desiring a place on the internet. Therefore, it is very easy for us to make money of buy and sell domain names.
Actually, this industry is a tricky one. The one thing you need to keep in mind is that reselling Premium domains (note: that reselling & flipping domains mean buying and selling domains) is a costly affair. Hence, you must concentrate on less pricey yet good ones. For example, if you want to resell a technology domain which is a popular one such as www.tech.com, then you would have to spend a lot of money. Whereas the cheap domains which are not popular, less costly and do not bring the best result for your business.
According to Godaddy, a popular Domain registrar and Web Hosting company: “It is much easier to sell a domain you know would be valuable to someone in a particular industry”. Therefore you must find your target clients. For example, your target clients are lawyers, you should buy the websites which suitable with this industry and sell it to lawyers and make money. Buying and selling domain names is only a profitable business if you choose the good domain. Do you know there is always a huge demand for the good domain names in the market? Remember that if you choose the poor or bad domain names, you might lose what you have invested. Here is the statistics which show the fortune domain flipping can bring you.
Here is the list of most expensive domain names in the world in 2018:
LasVegas.com – $90 million (2005-2040)
CarInsurance.com– $49.7 million (2010)
Insurance.com – $35.6 million (2010)
Vacationrentals.com – $35 million (2007)
Privatejet.com – $30.1 million (2012)
All domain names are regulated by ICANN (Internet Corporation for Assigned Names and Numbers). The domain names are issued by Domain Name Resisters such as GoDaddy and NameCheap. Ever since the first website was launched, hundreds of millions of domain names have been issued. However, over the years, some businesses have been exiting the stage while others have been coming in. Most of the catchy domain names which can attract successfully the people come to the businesses’ websites. Moreover, it has almost taken. Thus, the new businesses have to contend for existing domain names.
Do you know there are over 300,000 domains being registered every single day and if you count, there will be more than 109,500,000 registered domains every single year? These numbers will be continued to increase every year since e-commerce has risen rapidly in these recent years. As a result, the market of making money by buying and selling domains is huge and can bring much money for everybody.
If you are seriously looking for a viable business online and want to invest your hard-earned money, this will be a great idea that you can try selling a domain. In order to do that, you need to invest your time to learn about domain flipping from those who have successfully made money with this.
Buy Low – Huge Profit
To start making money of buy and sell domain names you should have the basic idea of domain flipping in mind. For example, you have purchased a website for $100 on some day. After few months, the website attached to the domain has become popular, and people are willing to pay $800 – $1000 to purchase your domain. Consequently, you make a huge profit within a year. Buying something at a cheaper price and selling it at a higher price that is the best idea in the market now whether it is acdomain name or any products and services.
Find, Buy and Sell The Attractive Domain Name
In fact, there are the numerous of ways that we can make money of buy and sell domain names. For this one, you must know how to acquire them cheaply and how to sell them for a profit. There are three places one can buy domains names; first is from the Domain Name Registers. These are lots of domain names which have never been given to anyone else before. One needs to be very creative while using this option as many catchy business names have already been taken. The second option is buying the domain name from an auction. There are many people who registered domain names for their businesses who now want to sell those domain names. Online auctions for domain names include but are not limited to, GoDaddy auction, SnapNames etc. The third option is buying directly from owners. This means approaching the owner and making an offer for his domain name.
In all these options, there are certain things one must be keen about if you intend to make the profit for the business:
First is the selection of TLD (Top Level Domain). TLD is the part of the domain name which is known as .com, .org, .biz etc. Most people prefer a .com which makes domain names with this TLD to have a greater demand. Domain names with other TLDs may not have such a high demand, and you can easily find a bunch of domain names which nobody wants.
Second is the choice of words of the domain name. A domain name that straightforwardly tells someone what is your website all about. You must know that the domain name needs to be simple and straightforward. In order words, having and selling the shorter and clear domain names will be better than long domain names.
Selling the domain names is the easier part. Once you put them up for auction, lots of interested people can start to bid your domain them. The platforms are the same as with the ones you got them from. The trick to succeeding in buying and selling domain names is to get good quality domain names. Once you have those, the buyers will automatically be interested.
As you see it is very easy for us to make money of buy and sell domain names. However, similar with other industry, you must have a good knowledge and the great strategies for your selling domain. If you do it well, you can earn the amounts of money in a very short time.