Domain Name Guide

In the last 3 years, the market for domain brand names has gone down a bit and people are no longer making the money they were before the economy took the dive of 2008. That does not mean that you can’t make money off domain names anymore. It only means that you will not be making as much… right now. Making money with domain names is still possible now.

Patience Is The Name Of The Game

When it comes to making money with domain names you need to have patience. A domain name may be sold within a couple of months after you bought it, but in reality unless it is an amazing domain name you will probably have to wait a little longer than that. Some domain names may take a little longer to sell than others, but you should not become frustrated by it. Park your domain, let people know that you are selling it and wait.

Have A Vision

So what are the things you need to start making money with domain names? You need patience as stated before. You will also need to have a vision of the potential of the domain name. When you start looking for domain names you should consider a few things like length of the domain name, characters that you use (including number), potential branding and the important question of “does it make sense?”

Making Money With Domain Names Using Forums

You also need to tell people that your domain name is for sale. How will you ever start making money with domain names if people don’t know that you have those names for sale? That means that you have to start working on getting the word out. First you should start visiting forums that have to deal with domain name ownership and sales. These forums will give you an idea of the value of your domains (don’t always listen to appraisals because not everyone is an expert) and you can also let people who are buying domains that they are available.

You could also visit websites that have to deal with the topic on your domain name. A lot of people are looking to get on the web and will jump at the opportunity to have a great domain name. In order to start making money with domain names this way, make sure that you leave a comment or start a tread telling people about it. If you have a good appraisal, then mention the appraisal amount and inform that you could part ways with the domain name for less than that.

Park Your Domain

One of the best ways to get the word out and make money at the same time is to park your domain. If your domain name has some residual traffic and you publish on forums, then you could start making money with domain names right away. Do not expect a big pay day from parking your domain name although you will make the reg. fee back in no time. Some websites like Sedo and Namedrive will park your domain and place it for sale. You could also build your website and place some ads on it while it sells.

A domain name is the address where a website is located, for example Google.com is a domain and there you will find a search engine, these names are not expensive, you can get one for less than nine dollars or even far less for some extension. There are different extensions you can buy, some of them are the .com, .net, .biz, .info, .in and many others; the .com extension is a general name, why the .biz extension is used for a business website, also the others have their own special use. They can also be sold later for good money after working on them.

Domain flipping is where you build a website with a name address or just increase its value and later sell it for a higher amount, for example you can buy one domain, pay for a hosting account and install a WordPress software on it, change the default theme to a better one, then pick a niche with less competition, remember that the niche you picked must be related to the name, then create about 5 post or pages, look for ways to drive traffic to it, you can use social websites and forums, all you need is for it to appear on the first page on Google search engine for your competitors keyword. Then use your competitor’s website to trace their email address, send them a message that you want to sell your website, tell them its position on search engines for your selected keywords, if you can send this to ten different website owners, you will sell that domain name almost immediately, especially if the domain name is keyword rich.

Also you can buy several keyword rich domain names, park them and drive traffic to them, you can create blogs and post small articles with your URL on the blogs, this way your visitors will most likely visit your parked domain and you will earn for every click on your adverts. If you can buy up to a hundred domain names in 10 different niches and then build ten WordPress blogs with multiple pages and link them all to your domain addresses, you will get free traffic, also promote your blogs in forums and with article marketing, after some time you can sell them all. Also note that parked sites do not allow many traffic methods like article marketing, forum traffic and some other methods.

Make sure that before you do the above businesses that you get a good keyword rich domain name, the name should be short and memorable, you can join two or three keywords with dash or with verbs, for example you can register money-making-machine.com, this is the best way to buy domain names, you can also register domain names that relates to an upcoming big event, like the world cup. Also note that most article directories won’t allow you to add a parked domain to your resource box, so you must put the domain links in your blogs or website and then promote them from there.