How to Make Money Buying Domain Names and Selling Them to Make Profits
In order to invest in buying domain names you do not need big money. What you need is just spare £5 a week and you can make really good money for just half an hour. Do you like this? I bet you do.
Buying Domain Names
The Basics of Buying Domain Names and Making a Profit
There are a few ways of making money buying and selling domain names. After just a little time people will begin scratching at your door to buy off you.
All domain names have a limited amount of time registration. You are allowed to buy the domain for a period of between 1-10 years. After this the rights for the domain name expires and has to be renewed. Then, there is a period when the names are placed on hold for a while and then deleted. At this time they are available for anyone who wants to buy it. Every single day 20,000 domain names expire and are available. Some of them are well known names and are really attractive. For example, the owners of Race.com forgot to renew their registration fee last year. At that very moment a savvy “investor” bought the domain names for just a few pounds and sold it to its original owners for thousands and thousands. That’s because the owners had built up qualified traffic and didn’t want to lose all the previous custom.
Although this is just an occasion it is definitely possible.
Why is it Possible to Make Money from Buying Domain Names and Selling Them?
It is highly likely that you would be able to buy a domain name and register it for just a few pounds and then sell it for £150 – £1000. If you can do this with just a couple of domain names a week then we are talking for a serious sum for just a few hours of work.
Not only the original owner would like to buy this domain name but also some rivals would be interested in your offer. That’s because this is a legitimate way of increasing your customers. And if these rivals start bidding that the sky really is the limit for the money you will earn.
There are, however, two main reasons why you will be paid such large amounts of money for a domain name:
A) The owner was careless and has let the domain name expire and would like to buy it back in order to keep their customers.
B) Another business in the same field would be really happy to take a rival’s customers.
Steps in How to Begin Buying Domain Names and Profiting From This
You can find both free and paid sources and research tools in order to check which domain names have expired.
http://www.wehavethem.com will supply you with a list of name that will soon be deleted.
http://Www.DeletedDomains.com allow both free and paid searches. The paid one costs only $99 for a year and allows you to do a more detailed research. There you can check names that are due to be deleted and you can bid on domain names that have already been taken by others like you.
What you should make sure when choosing and expired domain name is that in the last month it had traffic of anything over 1500 and it is a consumer site. That’s because you have no need of a non-consumer site.
If you happen to come across a site with tens of thousands of visitors you must not hesitate and you should get it immediately. The previous owners will most probably be ready to do anything to get their domain name back.
When looking for buying domain names you see a name that’s just about to expire then you should definitely use an automated grabbing system such as http://www.snapnames.com and http://www.pool.com. These cost about $60 but only if the get the names for you and if you use such service you will be sure to get the domain name you want.
I hope you enjoyed this article about Buying Domain Names!