How to Buy, Rent, or Trade Domains
It may 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 is 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 market. The domain name market is huge and it gets bigger every day. Some people make their money buying up domain names that are worth less than ten bucks each. Other men and women make their money selling domains which are worth more than a hundred dollars each. Either way, it’s a lot of money.
Domains are sold for several distinct reasons. 1 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. 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 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 domains is one of the fastest growing forms of domain flipping. A couple of years ago domain names were bought and resold with little attention paid to the marketplace. But now there are large directories such as GoDaddy and eBay, where buyers and sellers can register new and old domain names prior to making any sales. So, sellers can purchase hot domains, register them and then quickly sell them for good profits.
If you would like to make the maximum profit buying and selling domains then you’ll need to buy 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’re planning on selling all of 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 isn’t available in the search results then you’ll want to purchase it from your hosting company.
If you are going to sell all of your domains then you want to set aside time each day to look through and purchase any domain names you aren’t using. The most valuable domains are those with no expiration dates and expired domain extensions. Once you have bought your domain names, you’ll need to find new extensions to register in order for your website visitors can access your site. New extensions cost a bit more than regular domain extensions but you can generally sell your old domains for double the amount of new extensions.