How to Buy, Rent, or Trade Domains
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 will need to know to get started. Here’s what you need to know:
You can’t earn money in domain flipping without first understanding the marketplace. The domain name market is enormous and it gets bigger every day. Some people make their money buying up domains that are worth less than ten bucks each. Other men and women make their money selling domain names which are worth more than a hundred bucks each. In any event, it’s a lot of money.
Domains are sold for a number of distinct reasons. 1 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. So, popular phrases on health and lifestyle sites such as”I hate cold temperatures” or”weight loss” or”I hate heat” will immediately get traction in the domain name’s market. Once they gain some momentum, they’ll be hard to beat.
Another reason people buy domains is to resell them later. Reselling domains is one of the fastest growing forms of domain flipping. A couple of years back domain names were bought and resold with little attention paid to the marketplace. But today there are large directories such as GoDaddy and eBay, where buyers and sellers can register old and new domain names before making any sales. So, sellers can purchase hot domain names, register them and then immediately sell them for great profits.
If you want to earn the most profit buying and selling domains then you’ll need to purchase enough domain names to cover your daily usage. You should have a minimum of ten domain names registered each with a recent Premium domain status. If you’re planning on selling all of your domain names then you’ll want to do one of the following: Find a good domain name search engine, enter a list of your desired domain names and conduct a search. If your domain name is not available from the search results then you will want to buy it from your hosting company.
If you are going to sell all of your domain names then you want to set aside time each 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. As soon as you have bought your domain names, you’ll need to find new extensions to register so that your site visitors can access your site. New extensions cost a bit more than regular domain extensions but you can generally sell your old domains for twice the amount of new extensions.