Earn Money Buying and Selling Domain Names
Since the early days of the Internet, buying and selling Domain Names has been big business and has made many people very wealthy. Buying and selling Domain Names, simply involves buying a Domain Name for a cheap price and then selling it for a profit. The process of buying and selling Domain Names, is relatively simple and can be very lucrative. If you can find a desirable Domain Name that is sort after and that has commercial value to someone, then you stand to make a very nice profit.
Domain Names are Internet Real Estate and once you purchase an individual Domain Name, that Domain Name is registered to you and you only. No one else can register the exact Domain name, which makes that Domain Name unique to you. This means that you if you are the owner of a specific Domain Name which is a sort after Domain Name and one that other people want, it can be sold for a substantial amount of money.
Flipping Domains is a great way to make money Online but despite it being a very profitable way to make money, it is also a relatively risk free venture to try.
Simple Steps To Buying and Selling Domain Names
First you would need to buy the Domain name from a Domain Name provider such as 1&1 IONIS, Go Daddy or Hostgator or Namecheap and then list the Domain Name for sale on platforms such as Flippa.com – Sedo – Uni Registry
How Much Do Domain Names Cost:
The beauty about buying Domain Names, is that they do not cost a lot of money to buy. In fact, Domain Names, really have come down in price and many Domain Name Registration companies sell them for as little as 0.99p for the first year but in general, the average Domain Name, costs around £9.99. When you consider that if you purchase a desirable Domain Name, that is sort after, you could easily sell it for several thousand pounds and that really is a very lucrative investment.
Due to the fact that buying a Domain Name doesn’t cost very much, it means that the risk is very low. Most people spend more on a couple of drinks at the pub or a coffee and sandwich and think nothing about spending that money, with no potential returns on their purchase! Buying Domain Names, is relatively low risk and if you look at it in a form of a hobby rather than a business at the start, it can be a very enjoyable way to potentially earn a little extra money from the comfort of your own home.
The start-up for this money making venture is minimal and practically costs nothing to get started, when compared to many other businesses.
How Much Money Can A Domain Name Make:
This is one those money making ventures that really does offer an unlimited earning potential. If you find the right desirable Domain Name that is widely sort after, your profits could range from a few hundred to Millions. However, not all Domain Names will be profitable and some may not make you any money. The simple fact is, that if you only have a few that make you a good profit, then the rest won’t matter and you can let them expire.
Cars.com was apparently valued at a staggering $872 million!!! Can you imagine if you had purchased this Domain Name for £9.99?
Take a look at the top 25 most expensive Domain Names ever sold.
Although the majority of the big .com Domain Names such as:
have been taken and were purchase many years ago, it is worth noting that since those early days of .com and .net, there are now a large number of other alternative extension available such as .info, .eu, .biz, .uk, .org and many more. This means that instead of trying to search for single keywords such as beauty, motors, hotels, music etc, it is worth broadening your keyword to something like beautyproducts.uk, cheapestmotors.biz, budgethotels.org, dowloadablemusic.info.
The beauty of searching for Domain Names, is that you can use your imagination to expand keywords and Domain Names that people will want to buy.
Expired Domain Name:
Expired Domain Names are a really good way to purchase Domain Names that already expired or are about to expire in the next couple of days. There are many reasons why Domain Names expire and these could simply be because the owner no longer wants the Domain Name and therefore does not renew the Domain or is could be that the owner has forgot to renew it. Whatever the reason for the Domain Name expiring, it is a great way for your to capitalise on their mistakes and ensure you purchase some valuable Internet Real estate in the form of Domain Names. It is possible to purchase expired Domain Names for as little as $1.
Obviously, when you buy a Domain Name, it then enables you to set up your own website. Now, as well as selling the Domain Name on its own, just as the ‘Domain name’, you can also sell websites. This means that you can register the Domain Name and then set up a basic website and sell that or if you already have a website that has been running Online for a while, you can sell that to. If you are wanting to sell the Domain Name as a website, then you will have two options to choose from and they are as a: Starter Website or Established website
If you purchase a Domain Name and then build a basic website that has not been Online long and does not generate any traffic and has had no sale via the website, then you would sell it as a ‘Starter Website’.
If you are selling the Domain Name as a website that has be Online for a long time and generates a large amount of traffic and also generates sales, then you would sell it as an ‘Established Website’. If you can provide evidence of how much traffic your website generates and evidence of the sales, it can be a great way to increase the value of your Domain Name and website.
This process of buying a Domain Name cheap and building a basic website and then selling it for a profit, is a common and popular option for many people and is known as ‘Flipping’. This is a great choice if you buy a Domain Name and want to build a website but do not want to run the website long term or as a career but just want to build one that other people would be interested in buying at a later date.