Friday, May 20, 2022

How To Make Money Off Domain Names

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Domain Name Registration & Expiration

How To Earn Money Buying and Selling Domain Names – Part 1

Most domain names can be registered for periods ranging from 1 year to 10 years. To register a domain, you must use a company that deals with domain name registries. There are several companies that perform this service and you can find a complete list of available registrars at the following address: http://www.internic.net/alpha.html. When you decide to register a domain you will need to first make sure the domain is available, then select a registrar, & register the domain name . Again, you can select a domain registration period between 1-10 years depending on your own personal choice.

Once you register a domain, the domain is in your possession for the complete registration period. Your contact information will by made public in the WHOIS system . You can then renew the domain before it expires & theoretically own the domain indefinitely . If you do not renew the domain name prior to its expiration date, then the domain will expire and another individual will have the opportunity to register it.

However, the domain expiration process is actually quite slow and the exact process & time frames can vary for different categories of domains and for the different registrars. For most top-level domains, the individual that registered the domain will likely receive a notice from the registrar approximately 90 days before the domain expires. This is to simply inform the owner that the domain will expire in 3 months if it is not renewed.

Attract Attention To Your Domains

When youre ready to display your domains to the public, you want to make sure youre advertising with the right venues. Make sure that the avenue youre using is trusted and well known. You dont want to get stuck in a scam that takes your money or seems untrustworthy to potential buyers.

It will pay off to use a place that not only has great ratings but also has licensing from a trusted government source. This will help clients want to pull the trigger because they know they can trust the brand selling the domain.

Another thing to consider is the distribution network. You need to make sure that you get your domain name in front of the right buyers.

Contact us today and let us help you make sure that you are approaching the right people, putting your domains in front of potential buyers, and getting the most value from the buying and selling process.

We have the resources and experience you need in order to start buying and selling domain names for profit. We actively help business owners and entrepreneurs buy and sell domains at the best prices on the market. What are you waiting for? Reach out to us today and let us help!

Domain Buying Guides

Passive Income Flipping Domain Names

One way to make passive income online is by flipping domains. Flipping domains is like participating in online real estate. The properties consist in the domains, and your goal is to purchase the best properties, and to hold onto them until you find a buyer.

What is domain flipping? Domain flipping consists in buying domain names, parking them and then selling them later on at a higher price. Many people are making thousands of dollars by simply registering domain names for $1 a piece and then selling them for $5,000+ upwards.

Below, we go into detail on how to make passive income by flipping domains, therefore buying domain names, parking and then selling them to the highest bidder. Learn about some of the risks, difficulty level, seasonality and more when flipping domain names as a beginner.

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It Wont Make You Rich Overnight

Heres the hard truth: very few domain names can be sold for six-figure amounts and your chances of being a millionaire overnight are very slim.

Youve probably heard motivational stories of flipping domains, and while most of them are true, they dont happen all too often.

Domain name investing is great for people looking for a side-hustle to support their main income, not for investors looking to make it a full-time endeavor.

How To Make Money As A Domain Name Reseller

Register a Domain Name

One way to make money as a small business is to register domain names that could become desirable and then sell them to others who wants to use them. Think of a domain as the license to use a website address. It differs from a website name in that a website is where the domain directs people.

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Sell Ad Space And Sponsored Content

It seems that everyone on the internet is lurking around in the quest of finding their target audience and bombard them with ads.

We dont mind ads so much when we are the ones benefiting from them, do we?

And advertising doesnt always have to be annoying if done correctly.

If you have a blog of your own, have put in the hard work, and want to make a little extra , you should place ads on your site.

For starters, you have to overcome these few things:

1. You have to be a well-known figure in your industry.

2. Your site is seeing a decent amount of traffic.

3. You should have a niche audience base that is loyal to your blog or brand.

Suppose you qualify all the constraints above.

Making Money Buying And Selling Domain Names

Now that the Internet Corporation for Assigned Names and Numbers , has opened up access to top level domains com, .net and .org etc., it might seem like the buying and selling of domains is no longer profitable. The truth is that you can still turn a tidy profit via domain flipping. With a bit of patience and planning, its quite possible to parlay domain flipping into a full-fledged side business. While its unlikely to make you independently wealthy, it can still provide you with a decent side income if youre willing to do some legwork.

Flipping Theory 101Domain flipping refers to the practice of buying domain names from registrars such as Godaddy and reselling them later on for a profit. There are two types of domain flipping: the domain parking approach and the property investment tactic. Domain parking refers to a scenario where one would buy a domain with no intention of building a site around it. The property investment tack still requires you to buy a domain, though in this case youd publish content on it to improve traffic and make it more appealing to buyers.

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Domains With Similar Names Can Be Sold For A Profit

Now here is something you need to understand when it comes to flipping domains successfully just because someone spends an enormous amount of money on a domain name does not necessarily mean they will throw big bucks to get a similar name too. Never base your domain flipping strategy on such assumptions because that rarely ever happens.

Every domain name piques the interest of the buyer due to a unique reason and the sale that follows is just as unique as the reason why the buyer wants to spend a huge sum of money on that particular domain name.

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Why, then, do people get into the domain trading business?

Is there really a profit to be made on a $10 domain?

Absolutely.

Thats why people do it!

Its a legitimate way to make money, and its called domain flipping.

People who get very good at it do it as a business.

They earn money by buying domain names and selling them for a profit.

Those who really want the perfect domain name for their website will have no problem paying top dollar to be the lucky one to snag it.

For example, the domain Insurance.com sold for $35.6 million.

It was obviously one of those domains that someone knew would be profitable and worth the cost.

Lets get started!

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How To Buy And Sell Domains On Godaddy

GoDaddy Auctions gives you listing options for selling your domain names. You can use a free, basic listing, or you can add optional features to increase your domain name’s exposure.

Here are the simple steps to pricing, listing and selling your domain through GoDaddy.

  • Find out what your domain is worth: Youll want to set a realistic price. One place to find out the sale prices of comparable domains is the free GoDaddy Domain Value and Appraisal tool. Just type in the domain you want to sell and you’ll learn the estimated value, and well as comparable domains sold. Even better, its all free.
  • Make communication easy: Be sure to un-privatize your contact information on WHOIS. That way, when an interested buyer looks up your domain on WHOIS, they can find your publicly available information and contact you directly.
  • Put out a “For Sale” sign: If you havent already, set up a single-page website on your domain, called a park page or domain parking. This page lets visitors know that the domain is owned and for sale. Its the simplest way to announce your domain is for sale. But to announce it far and wide, youll want to list your domain on some online marketplaces.
  • Sold: Once your domain has sold, if you havent listed it as a Premium Listing, youll want to make the final move using the Domain Transfer Tool here.
  • Buy And Sell Domain Names

    When someone says I want to make online, they seldom think of buying and selling domain names.

    That said, it can still be a pretty lucrative option.

    However, if you think that you will earn real money without much commitment, then you have another thing coming.

    While buying and selling domain names can earn you a decent side income, you still cant depend on it solely.

    But I wont rule its profitability out just yet because some folks have garnered massive profits by selling domain names.

    Heres the list of some of the highest prices paid for domain names.

    And the list doesnt even end here.

    The reason Im showing this list is to give you an idea that sometimes it can prove to be extremely profitable.

    Profitability depends on two crucial things:

    • Owning a good-quality domain name
    • The way you promote your domain name

    Have a look at the amount people are paying to buy quality domain names:

    As I mentioned, it all comes down to the quality of the domain name, and the rest depends on how you promote it.

    Apart from those mentioned above, some other tips should be taken into account if you want to make money by buying and selling domain names.

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    Private Sales For Domain Names

    You can list the domain name privately for sale through a website showcasing your domain name portfolio and the sale price for each one.

    You can set up a free website for this but you would have to engage in a lot of SEO strategies to get people over to your site to look through your portfolio.

    If youre a beginner, I would recommend avoiding this method altogether until youre more familiar with the process.

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    How to Make Money Online Flipping Expired Domains
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  • In 2005, LasVegas.com was sold for $90 million. More recently in 2015, Chinese brand Qihoo bought the domain 360.com for $17 million. GoDaddy reports that the most expensive domain ever sold was Cars.com, for $872 million. Buying a domain with the purpose of reselling it at a higher price is a practice known as domain flipping.

    So, lets dive into how to flip domains!

    Excited yet? Well, you should be. But you might be thinking: What are the odds of me making these huge sales? Youre right, theyre slim.

    However, there are numerous case studies out there of people doing very well with much, much more modest and achievable numbers. This guy made $17,000 from a domain he bought for $70. Ali Zandi, a well-known domainer, made $58,000 profit in 60 days selling 8 domains, and finally, a $10 domain investment turned into $2,600.

    Hearing about these numbers makes anyones head spin. Its natural to ask yourself questions like: How can I get a piece of the action? Is it too late to jump in now? Why do people pay so much for domains names? Do I need a huge budget to get started?

    Lets try to answer all these questions and more with this step-by-step domain flipping guide.

    Interested in flipping entire sites , check out my guide to flipping websites.

    Contents

  • How To Buy And Sell Domain Names Wrap Up
  • Recommended Reading: What Is A Domain Name Registrar

    Ways To Make Money From An Old Domain Name

    Do you have an old domain name that you’re not using registered somewhere? Why not make some extra money with it? Here’s what you need to do.

    You don’t need a website to make money online — just the URL, or domain name, will suffice. If your old domain name is useful, catchy, or in some other way meaningful, you could be sitting on a goldmine without even realizing it.

    Let’s look at how you can make money from that old domain name.

    Resources To Learn More

    There is always a learning curve in buying domains with the purpose of reselling them. Dont hesitate to ask a lot of questions to those who went before you, participate in forums such as namepros.com, keep abreast of industry trends via resources like domaining.com, and reach out to the Afternic and GoDaddy Aftermarket support teams.

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    Focus On Local Domain Names

    It is mind boggling how local search engine optimization has grown from a tiny market to a mammoth industry within a span of ten years or so. This is also one of the reasons why focusing majorly on local names is profitable. From doctors to pizza parlors to salons, everyone wants to see their business thrive on the first page of Google Search results with the help of target keywords.

    The best way to pick winning local domain names is to search for them at places like GoDaddy and Namecheap.

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