This article was originally naems on Aug. Buying and momey domain names is an exciting adventure that for some seems to conjure up images of finding hidden pirate treasure or guessing the winning combination on the next Powerball. Well, the ocean is big. You need a map or some other advantage to guide you toward that elusive booty. These five tried-and-true tips for buying and selling domain names for a profit can navigate you to becoming an expert. Related: The top 25 most expensive domain names.
7 Easy Steps to Make Money Buying and Selling Domain Names
Domain Flipping Guide. If you are already into domain flipping or you want to jump into this business, this question may have come to your mind a lot of times. Buying and selling domain names is certainly a powerful and profitable business model. But the question is how profitable it really is. To find a satisfactory answer to this question, I am going to make a list of some of the most expensive domain name sales ever. The amount of profit the owners of these wonderful domains made was truly unimaginable. This is a list of some of the highest prices paid for domain names as noted in the news and media. The reason of showing you some of these expensive domain sales is only to make you realize how profitable it can be if you get the ownership of some good quality domains. The rest depends on how you promote the domains. There are people making thousands of dollars buying and selling only domain names. Look below to see how much people are paying for domains. This is just a screenshot of some of the domains sold on Flippa marketplace. Obviously this is not the end. There are so many more domains sold for thousands of dollars. Click here to find out more sales like this. Now why people pay such a huge amount of money to buy a domain name is a difficult question to answer right now.
5 tips for buying and selling domain names for profit
In , LasVegas. More recently in , Chinese brand Qihoo bought the domain GoDaddy reports that the most expensive domain ever sold was Cars. Buying a domain with the purpose of reselling it at a higher price is a practice known as domain flipping. Excited yet? Well, you should be. But you might be thinking: What are the odds of me making these huge sales? 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? These domains always have an extension like. At Niche Pursuits, our domain name is NichePursuits. A domain is the name of the website. The domain name industry is quite similar to the real estate industry in a lot of aspects. Domain flipping works similarly to buying a house, renovating it or even sometimes just sitting on it and then selling it again at a higher price point.
Determining a sales path
A domain name is the identity of a business online. For example, nVacationRentals. Of course not all domains go for such crazy prices. But taking away deals of such humongous size, there are tens of thousands of domains that are being bought and sold every single day for prices that create a lucratively profitable industry. In the domain names market, it is not uncommon for resellers or traders to buy hundreds of domain names in one go.
The logic is that it is easier to find that pot of gold. For beginners, I would suggest starting out with just a few good domains and slowly building your portfolio. Being conscious of the fact can i make money buying and selling domain names it takes times sometimes years to build an impressive domain portfolio. The best strategy is to look out for those potential big hitters.
Perhaps the safe bet is to acquire domain names that seem to have already gained some traction, and keep namee fingers crossed that the value could appreciate even. There are a lot of places xan ways to buy domains — direct buys, auctions, expired domains, registering new domains. But you can almost always get them for way cheaper. Be sure to always look for coupons and promo codes before buying any domain. Most of these companies offer them from time to time.
Godaddy for example, is famous for their 99 cents domain coupons. Use coupon sites like RetailMeNot. These are domains that their owners no longer want, so they are sold by the domain registrars in an auction style setting.
I just got lucky with that name, and had somebody who really wanted it. That said, if you do it right, you can make very good money as a domain flipper. On other sites, it seems like people bid blindly left and right and raise the price up so quickly for even names that are not really worth that. Well, you can always contact the owner directly and make an offer. Sometimes they may bite, other times they may not. Checking out these auctions one by one can be really time-consuming, not to mention, because you may not be able to see every available can i make money buying and selling domain names, you may lose a lot of great opportunities.
Which is why I recommend you use tools to help you sort through the hundreds of thousands of domains up for grab at these auctions. It aggregates data from a bunch of different places including the auction sites I mentioned. But there could be also other areas you may want to pay attention to. For example, misleading appraisals buyijg misinterpreted payment terms. Not every domain you buy is going to sell for. So be sure to do your research before buying any domain in hopes of selling it for.
Liquidity Both stocks and bonds are traded on fairly liquid markets and there are always brokers you can count on maks facilitate your transactions. Sometimes it can take a long time often months but could stretch to yearsbetween the time when you you first put up a domain for sale and the emergence of a serious taker.
Legalities The good thing is that there are still set rules governing legal ownership of domain names. Stealing is illegal, and you cannot make a company buy back a domain name that rightfully belongs to. The reason is that Company X is already a trademark.
So, stay off these issues unless you are ready for some legal wrangling. Subjectivity Unlike stocks and bonds, where transactions are well regulated and the respective values conform to certain rules and regulations, domain names evaluation can be more subjective and difficult.
You may argue that those domain appraising companies are there to help establish prices. But there is no guarantee that unscrupulous businesses may not come out with ridiculous valuations in order to drive the market up north.
As in the case mae normal business, buying and selling domains for profit has its own advantages and disadvantages. At the end of the day, buying and selling domains can be a profitable business if you can play your cards right.
It all depends on the buyer. But then again, a domain is as valuable as the sflling a buyer is willing to pay for it. Hi Sir, Very Useful article! I need a little help, I recently bid on Godaddy Expiry auction and win a Domain but when I listed on Flippa Auction the whois email is showing old. Than I tried TXT record but the txt record also showing error. Donain, getting paid to travel abroad! Not only you experience new cultures and places while partying and having fun, you also get paid for Having a child is a wonderful, life-changing event that will bring you so much happiness.
But, having a baby can get really expensive! Stray Rescue of St. Which is why people pay insane amounts of money for the right domain. Join InboxDollars for free. InboxDollars pays you to watch videos, search, shop, take surveys, and. Table of Contents. Want More Money? Join Opinion Outpost. It is a fun panel with a lot dkmain interesting surveys.
And it rewards you well! Join Opinion Outpost It is free. Discussion Hi, I selljng a domain for sale; iamxbox.
Regards, Tosh. Nothing to worry about, Jaime. Sometimes it takes a while for the whois info to be updated. Pages About Contact Contribute. Learn More. Connect with MP. Proud Supporter of: Stray Rescue of St. Share Tweet Pin.
How to start a domain flipping business — $2543 Per Month
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The truth is that you can still turn a tidy profit via domain flipping. Domain parking refers to a scenario where one would buy a domain with no intention of building a site around it. Pros, Cons and Profit Potential The primary advantage of domain flipping is the possible profit margins. For instance, the domain name Sex. You can buy low and sell high from the convenience of your home office with practically no technical skills whatsoever. On the downside, all of the easy money has been made at this point. InInvesting. Getting Started with Domain Flipping The first thing to do is research domain names that may be valuable to buyers with deep pockets. Look for keywords with moderate to high traffic volumes and think of domain names that incorporate. A prudent approach to take is buying expired domains from places like Godaddy Auctions and Domaining that auction off domains at bargain prices. For practical day to day advice, the aforementioned NamePros and DNForum are treasure troves of knowledge. Your Burgeoning Domain Business As with every other sector of the e-commerce economy, domain flipping requires detailed bookkeeping and a long-term strategy. Related Posts. About the author.
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