It takes much expertise to do this properly, but you don’t have to graduate with any special degrees.
You just need the drive to research markets and make purchases based on what names are the most popular. There are two ways that you can make money off the buying and selling of domain names.
Yeah, What Ways?
Clearly, you can create a domain name of your own and hope that others will notice. But this is much more of a crapshoot than the art of buying and selling premium existing expired namess.
Here’s how to take control of your own destiny in this lucrative market.
Buy Your Domain Names Right, Dude:
Buying existing names on the Internet, is like buying an existing home. Virtual real estate and brick and mortar real estate basically work similarly.
Some even say, the longer that your unit stays on the market, the harder it becomes to sell at the top asking price. But we don’t believe that is true.
There are scores of millions of domains n the sales market every day. Too many to suffer the indignity of a being “tainted” the way a few real estate properties in a given area can be.
At any rate, that’s not to say that you can always, make improvements to the site, and then sell at a better profit.
But there will be a certain commitment needed first. But you don’t need lots of money to turn domain naming nto hot property.
Yet you do need some creativity & ingenuity.
Adding valuable content and taking the site in a specific direction can be appealing to potential online entrepreneurs in much the same way that improvements to a home can add property value.
Here’s the Wealth Deal on Domain Names:
Selling the property can be difficult or easy depending uponspecific qualities. By creating quality reasons to buy, your job as a salesman is that much easier.
Know the site’s monthly traffic and existing revenue, and moreimportantly, whatthe improvements made will do for the sale price of the site.
The premium domainis still a viable way to make money, but only if you take the time to treat it as you would any other business._nq
Your Domain Name for Millions?
This is Crazy:
Everyday you hear stories of some name obtaining large payoffs from a buyer.
You also jump right into the sport of domaining hoping for that lucky day when somebodymay get enthralled by your name. Right?
The main downside with newbies is that they are doing little analysis and splurging funds on useless names.
After half or a year their morale deflates and that they’re back to where they were but now with lighter pockets.
Then some folks get into the trademark issues. They get sued by a trademark company then they vent their temper on forums and such.
Some cannot even monetise their domain names nough to raise the renewal fees for the coming term.
Here’s What We Think:
If you’ve got four or five names then you’ll surely remain buoyant. However once the figure creeps into 100’s or even 1,000’s it’s a strain to renew the domain names or the long haul.
Our recommendation to newbies would be to stay at 25 to 50 domains nly.
But Wait, Batman…There’s More:
They can earn for 10 or 20 renewals per year if your names are below average. Some domain names ight get you more revenue and it can fill the gap for you. Ultimately the main thing is to not lose a domain for nothing.
You should at least raise the amount of the initial domain registrys costs from it.
This will not threaten the viability of your intended name empire. 1 dollar loss is also a recognizable loss if you have more than 100, 500 or 1,000 domain names n your domain name portfolio.
So Buy What Kind Of Domain Names?
Choose wisely on which name you are putting your money.
Three characters .com’s are creating a lot of chaos right now in the market. Their prices goes sky high in domainaftermarkets.
Generic dictionary words are also long gone. New TLD’s are not so stable right now, dot-com still rules the internet.
You might get lucky in some other TLD’s but I wouldn’t advise it if you are new to the game.
4 letters have 45,6976 combinations from AAAA to ZZZZ. Of them only around 5,000 are left. Which is of course the garbage.
What’s the Rich Bottom Line?
What do we do now if we still want to get out feet wet in this?
Look for some guy who is willing to sell his domain name for less. There are plenty of places to find this kind of domain names vailable for sale at lower prices.
They can earn for ten or twenty renewals each year if your names are below average. Some names may get you additional revenue and it will fill the gap for you.
Ultimately the most issue is to not lose a site for nothing. you ought to a minimum of get name domain registry fees from it.
This will not begin the downfall of your name empire that you would like to create. one greenback loss is additionally an enormous loss if you’ve got over a hundred or five hundred domains n your domain name portfolio.
You can go to forums specially created for this kind of discussions. If you don’t know any then here is the one Nameslot
Go there look for some domain names hich might fall under our category and then approach the seller.
Here also lookout for trademark issues and blacklisting for that particular domain name. You can generally get this info from doing a whois search for that domain name here http://www.whois.sc
Stay Awake Now:
Keep your eyes and ears open for latest news. It might shed some light and you might be the lucky one who grabs that name for just domain registration fees and sell it for 1,000’s.
Work on them and get every cent out of them. This will keep you in the game. The main thing over here is not to win the game, but to be in it and be till the last.
Hope this helps you get started on your journey to the way towards selling your name for millions.
How to Choose Brand Vs Keywords for Your Domain Name?
There are many reasons for this, which I’ll get to in a minute, but first let’s have a look at the case for using a catchy brand name as your domain name.
There are plenty of websites that use a phrase or name that isn’t a common English word, and they are wildly popular. But they’re popular because they’ve spent millions of dollars on above-the-line advertising to associate that phrase or word they’ve made up with their business activity.
A classic example is Wonga.com.
Wonga.com is a microlender – one of the first to gain a real foothold on the internet. You’d never naturally associate the meaningless word “Wonga” with borrowing money, which is why Wonga has spent so much money on catchy jingles, expensive TV ads, content network banners, etc.
Personally I think they could have got a lot more bang for their buck by calling their business “QuickCash” or something – but they didn’t ask me for some reason.
What’s the Rub with Keywords in Your Domain Name?
You’re more than welcome to come up with some catchy word and use this as your name – it’ll be a lot easier to find an available domain name in any case. But ask yourself whether you have the marketing budget to get your catchy name associated with your business activity.
If you don’t, then don’t bother. Find a domaining that includes one of your primary keywords, however, and you can
Enjoy These Benefits:
1. Obvious SEO advantages – If you were selling used cars, for example, and you were lucky enough to get the domain name used-cars.com, you would potentially do less on or off site SEO to get the top spot for the keyword “used cars”.
You’d have to do some work if the competition was fierce, but you’d have a much easier time of it than your competitors. If you bought this name in the early 90s, you probably own an island by now.
2. Instant brand association – if a website is called Used-Cars.com, it doesn’t take a genius to figure out what that website’s main business activity is. This means you can focus your marketing budget on other things besides brand association, which is what a lot of companies spend $Millions on.
3. Valuable internet real estate – if the time ever comes when you don’t want to run your website any more, or if you buy the domain name and never have time to do anything with it, you still have something that’s worth a bit of money. If you have an aged website with traffic, you might sell it for profitable dollars.
If you just have a domain name you can still often unload it for a couple hundred and wash your hands of it. You could even make a few bucks from AdSense from the domain name.
So What About the Value of Your Domain Name?
Why they’re so profitable. So let’s simply look up a name here, we’ll look up learnaboutmarketing.com
As you can see this domain name is purchased. This domain owner probably bought this domain name for $15 and is trying to flip it back for $848!
Here’s the Dinky-Di Kicker:
Do you see that huge turn up there? Even if he held that domain name for 5 years it’s still a profit at $848. So what I would do is check the value on that.
I’d simply go over here to Estibot, the internet’s most esteemed online valuations, and we would type that domain in; aboutmarketing.com. After that you just go ahead and hit appraise and it does take a few seconds to kick in.
As you can see it was for sale somewhere for $5,000 thousand dollars Estibot values it at $1,300
Wait. There’s more:
It shows you the other extensions as well. As you can see. .com’s taken, but everything else is available; which does make your name less valuable, because its shown as not that popular, If all of them are not taken
We also got these related domain names hat were for sale and sold. So you got homelearningcourses sold on Sedo for $1,200 but that was in 2009
And if you look down here at the bottom – there’s schoolofflyfishing.com which is not really related, but as you can see this domain name does have some Alexa ranking which is gonna make this more valuable.
Just one Cotton-picking Moment there:
You need to ensure that as an IP address, the name looks cool. This one could be read as “School Off” which is stoopid. So watch out for those.
So you got your Google and your Alexa, which means this page does have a website and was driving traffic at one point
So that’s what we got there. That’s how you might check it out and see if that domain name is valuable or if it’s not valuable to buy and sell_nq.