Tips on Buying and Selling Domain Names
It can seem like a crazy idea but some people have actually made money buying, selling and flipping domains. Some have even become millionaires doing it. I will show you how it's done and teach you what you will need to know to begin. Here's what you need to know:
You can't make money in domain flipping without understanding the market. The domain name market is enormous and it gets bigger every day. Some people make their money buying up domains which are worth less than ten dollars each. Other men and women make their money selling domains which are worth more than a hundred dollars each. Either way, it's plenty of money.
Domains are sold for a number of distinct reasons. One reason is popular phrases that are in high demand. Hot topics rise in cost when people are trying to find answers to questions about the problem they have. Therefore, popular phrases on wellness and lifestyle sites such as"I hate cold temperatures" or"weight loss" or"I hate heat" will immediately gain traction in the domain name's marketplace. Once they gain a momentum, they will 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 couple of 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 buy hot domain names, register them and then immediately sell them for good profits.
If you would like to earn the most profit buying and selling domains then you will need to purchase enough domain names to cover your daily usage. You must have a minimum of ten domains registered each with a recent Premium domain status. If you are planning on selling all of your domain names then you'll need to do one of the following: Find a good domain name search engine, enter a list of your preferred domain names and run a search. If your domain name isn't available from the search results then you'll want to buy it from your hosting company.
If you are going to sell all of your domains then you need to set aside time each day to check through and purchase any domain names you are not using. The most valuable domains are those with no expiration dates and expired domain extensions. Once you have bought your domain names, you will need to discover 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 usually sell your old domains for double the amount of new extensions.
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