Making Money with Domain Names: Avoid Losses

Do you want to make money with domain names? If so, you will be pleased with your options. You can buy a domain name and sell it, make money through a parked domain, act as a broker to assist others with selling, or use a domain name to create a profitable website. With so many options, it is easy to make money with domain names, but there are some risks.

All moneymaking opportunities have some risks whether it be the buying and selling of domain names or pet food, risks are always involved. Despite the possibility of risks, there are steps you can take to ensure you make money with domain names, not lose it.

As previously stated, there are many ways to make money with a domain name. To reduce loss and increase profits, choose your approach wisely. For example, you can turn a domain name into a website, park it with ads, or flip it for sale.

Using a domain name is risky, but it is one of your most profitable options. By creating a content driven website with advertisements, you generate income overtime. This income is residual income. So, you may make $1,000 selling a domain name, but you could make $10,000 in five years with a functioning website. The only downside to this approach is the time that is required for website development and marketing.

Parking a domain name is common practice. When a domain name is purchased, but not in use it is parked. If you want to make money with parked domains you need to find a moneymaking program. For example, Domain Sponsor and Google AdSense for Domains allow you to setup an account and display pay-per-click advisements. When these advisements are clicked, you make money.

Internet users typically happen on domain names for sale by chance. Without content most have poor search engine ranking. If you have a domain name that is easy to find by chance, you are likely to earn more money with pay-per-click advertising on a parked domain. If not, you should only use domain name parking as a temporary solution. Use it until you decide to sell your domain name or create a website to accompany it.

As previously stated, you can sell a domain name you own. This process is referred to as flipping. Domain name flipping has the most risk, but it also has high earning potential. Your best chance for success is to choose a catchy domain name that someone will need in the future. Think of future movie names, business ideas, book titles, and so forth. By holding onto these domains, you may be approached by a buyer willing to pay big bucks. On the other hand, you can take a domain name and use a third party website to flip it right away, but the profits will be smaller.

To reduce losses and increase profits with domain names, knowledge is vital. It is easy to turn a content driven website into a moneymaking machine, but only if you are familiar with search engine optimization and ad placement. In terms of domain name flipping, research names to find the best. Don’t just choose any name like ajskfjsldfj.com. Choose a name that someone will want to buy from you.

Regardless of how you make money through domain names, choose a short name. Since internet users not only find websites by internet search but also by typing in the address bar, short names are in demand. Avoid using long phrases.

If you opt to flip a domain name, know what sells the best. In most instances, they are the names of movies, books, celebrities, business, and annual events. Professionals will register a related domain name well in advance, but there are no guarantees. This is your chance to make a huge profit. Hear of a new business opening in the area? See if the domain is available for sale. If so, buy it. The business owner with a purchase offer may approach you or you can attempt to make the sale independently.

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Domain Names and Search Engine Ranking

Does the length of your website’s domain name registration affect search engine optimization and results?

Should you renew your domain name for a long period of time? And if so, how long is long enough? If you want to stay ahead of your competition, then you might consider looking at the length of time your competitors have registered their domain names. If your competitors have generally renewed their domain names for one or two years, you might consider registering your domain name for 5 or 10 years. While putting off your domain name’s expiration date might help your search engine rankings, keep in mind that this may be only a small victory when it comes to search engine rankings.

Its good business sense to register a domain for at least 10 years. You don’t want to deal with the annual process of renewing them every year. It’s best to obtain the domain names that you want to keep for a while and renew then on a 5 to 10 year plan.

If your domain name expires, there’s a good chance that someone will register your domain name immediately after it expires. If, for whatever reason, you don’t renew your domain name, someone watching a ‘watch list’ of expiring domain names will try to capitalize on the online business that you’ve built over the years. They know that there is potential website traffic they can have simply by renewing your old domain name. By renewing your domain name for several years, your domain name won’t expire for a while, and it won’t be opened up to expired domain name buyers.

If you really want to stay ahead of the competition, you might consider registering or renewing your domain name for 100 years. Currently, Network Solutions (www.netsol.com) is the only registrar I know of that is offering the 100 year option, which costs $999.00. RightBiz Enterprises ( www.RightBiz.com ), currently offers to renew or register a domain name for 10 years.

Yes, you can lose critical positioning in the search engines if you don’t reregister your domain name in time. You may have to start the SEO process all over again!

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The Mystery behind Domain Names

There are over 115 million .COM domains registered. That’s a lot of domain names out on the Internet that are either already taken or just parked in some obsolete spot gathering dust and all kinds of age. The most common names like loser.com. Jamesbrown.com are already taken by net investors who resell the rights to the names. Can you imagine someone having www.elvis.com ? He’s just waiting on the highest bidder!

There are 900 possible combinations for two letter sequences. If you’re looking for “ET” then you just won’t find it!  Even allowing for digits, again every single web address is taken. Of course, that’s ignoring the fact that .COM registrars now mandate a 3-character minimum length, so it wouldn’t be an option.

Many of the three-letter sequences are taken. Adding digits to a domain name creates a number of garbage domain entries. If you’re dying to acquire great domains and unique domain names, they’ll free up sometimes only to be auctioned off through unique domain name sales.

The longer the domain name that you choose, the more that the possibilities are that it could be available presuming that you’re willing to accept an arbitrary sequence of letters and/or digits. For example, most organizations have 4 letter acronyms (WQAM.com and AFTA.org so you may have a chance using over 4 letters to get the domain name that you want in acronym style!

Of course many of the registered domains are ever, visited, with a huge percentage having nothing more than a “parked page” (users pay domain registrars to put up ads for themselves on these type of parked pages). There are so many combinations and back door tricks to domain name cataloging and classification until the possibilities are endless.

The rule is to obtain a domain name that closely resembles your business or you are about, which gives you an identity and brand on the internet.

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