Tips on Buying and Selling Domain Names
It can sound like a crazy idea but some people have actually made money buying, selling and flipping domains. Some have even become millionaires doing this. I'm going to show you how it's done and teach you what you need to know to get started. Here's what you need to know:
You can not earn money in domain flipping without first understanding the market. The domain name market is enormous and it gets bigger every day. Some folks make their money buying up domains which are worth less than ten dollars each. Other people make their money selling domain names which are worth more than a hundred bucks each. Either way, it's plenty of money.
Domains are sold for a number of different reasons. One reason is popular phrases that are in high demand. Hot topics rise in price when people are trying to find answers to questions about the problem they have. Therefore, popular phrases on wellness and lifestyle sites like"I hate cold temperatures" or"weight loss" or"I hate heat" will quickly get traction in the domain name's marketplace. Once they gain a momentum, they'll be tough to beat.
Another reason people buy domain names would be to resell them later. Reselling domain names is one of the fastest growing forms of domain reversing. A few years back domain names were bought and resold with little attention paid to the market. But today there are large directories like GoDaddy and eBay, where sellers and buyers can register new and old domain names prior to making any sales. So, sellers can purchase hot domain names, register them and then quickly sell them for great profits.
If you want to make the most profit buying and selling domain names then you will need to purchase enough domain names to cover your daily usage. You should have a minimum of ten domain names registered each with a current Premium domain status. If you are planning on selling all your domain names then you will need to do one of the following: Find a fantastic domain name search engine, enter a list of your preferred domain names and run a search. If your domain name is not available in the search results then you'll need to purchase it from your hosting company.
If you are going to sell all your domains then you want to set aside time every day to check through and buy any domain names you aren't using. The most valuable domain names are those with no expiration dates and expired domain extensions. Once you've purchased your domain names, you will need to find new extensions to register so that your site visitors can access your site. New extensions cost a little more than regular domain extensions but you can generally sell your old domain names for twice the amount of new extensions.
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