How to Buy, Rent, or Trade Domains
It can seem like a crazy idea but some people have actually made money buying, selling and flipping domains. Some have become millionaires doing this. I will show you how it is done and teach you what you will need to know to begin. Here’s what you need to understand:
You can’t earn money in domain flipping without understanding the marketplace. The domain name market is huge and it gets bigger every day. Some folks make their money buying up domains that are worth less than ten bucks each. Other men and women make their money selling domains that are worth more than a hundred dollars each. In any event, it’s plenty of money.
Domains are sold for a number of different 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 websites 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 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 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 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 good profits.
If you would like to earn the maximum profit buying and selling domains then you’ll need to buy enough domains to cover your daily usage. You should have a minimum of ten domains registered each with a recent Premium domain status. If you are planning on selling all your domain names then you will want to do one of the following: Find a good domain name search engine, enter a list of your desired domain names and run 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 domains then you want to set aside time each day to check through and buy any domain names you aren’t using. The most valuable domains are those with no expiration dates and died domain extensions. Once you have purchased your domain names, you will need to discover new extensions to register so that your website visitors can access your website. New extensions cost a little more than regular domain extensions but you can generally sell your old domains for double the amount of new extensions.