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.

www.pdf24.org    Send article as PDF   

Selling Domains AKA Flipping A Website

Flipping websites can be a fairly easy and potentially profitable way to make some extra money online. This concept is the same as when an investor will buy a house, fix it up and turn around and sell it for a profit, the only difference is that you are doing it all in the virtual world, online. You will first find a domain name for sale, purchase it, put up a simple website and sit back and wait for a few weeks or months, then sell your website for a nice little profit.

While this is a fairly easy concept there is, of course, a little more to it. The first thing you want to do is purchase a desirable domain name. It’s unlikely that if you buy the domain name ‘Sue Jones’ you’re going to get many people who would want to pay for it later.

When deciding on the domain name you want to buy you should do some research to find a hot niche that has a lot of interest. It could be anything from toys for toddlers to designer handbags.

It’s important to find a niche that not only has a lot of traffic but where people are actually making purchases, then you need to do some keyword research to determine which specific words and phrases people are using when they search for products in that niche.

Once you’ve got your domain name, put up a website (a simple blog style will work just fine) add some compelling content then sit back and wait, or you can be a little more proactive and help your site grow more quickly by adding more content more frequently and also by doing some article marketing to get even more traffic. It’s up to you which way you choose to go, one will be easier but take longer and the other will be harder but get results more quickly.

When it comes to selling your website there are several sites online that will walk you through the steps so that you can list your site for sale, one of the best known is Flippa.com – https://flippa.com/sell

It costs around $9 to list your site for sale, and of course there are additional option sthat you can choose that are designed to help you draw more attention to your listing.

Here is a very nice article that provides some simple tips to help get you started:

8 Tips on How to Sell Your Domain Name

While there is no guarantee that it will sell for thousands of dollars, but if you go through the process of researching your keywords, choosing a hot niche for your domain and setting up an attractive listing, you’ve got a good chance of selling your site and making a tidy profit from a domain name that you spent $10 on.

I wanted to provide you with a list of other websites that you can sell domains on. When it comes time to flip your website, take some time and check them out and choose the one that will work best for you:

Warrior Forum – This is one of the most active IM forums online and is definitely full of many potential buyers:  http://www.warriorforum.com

DigitalPoint Forum – This is a very active marketplace for all selling all types of websites, domains and other digital products:

https://marketplace.digitalpoint.com

WebsiteBroker – This is one of the one of the best alternatives to Flippa:

http://www.websitebroker.com

eBay – They have an entire section dedicated to selling websites:

http://www.ebay.com/sch/Websites-Businesses-for-Sale

BuySellWebsite – This is an established site with a listing and appraisal service to help you get a good idea of what your site is worth so that you can list it effectively: http://buysellwebsite.com

Flipping Enterprises – This one is a little different. They are a website brokerage with ready buyers: http://flippingenterprises.com

And finally, consider RightBiz.com for your domain name registrations.

PDF24    Send article as PDF