Secrets to Making Money Buying and Selling Domain Names

Buying and Selling Domain Names

In today’s largely techno-centric world, domain names have more demand than ever before. A majority of the population is spending a big chunk of their time online, and merchants are leveraging this by creating online extensions of their brick-and-motors stores. As a result, a staggering 140, 000 websites are built every day. These websites need domain names to be able to go live, which is why the business of buying and selling domain names is lucrative and will continue on that trajectory for many years to come. So if you’re planning to venture into this line of work, this article will tell you the top tips you need to know to succeed.

  •  Choose niches that are profitable and those you’re familiar with if you intend to indulge in domain name registration and selling business

According to VeriSign, Inc., an international body that deals with domain names and internet security, about 330 million registered domain names exist today. Don’t forget that there are endless combinations of domain names that haven’t been registered, more so when you take into account the fact that ICANN rolled out new domain name extensions such as .football, .games and .soccer. So to be successful in the business of buying and selling domain names, you must narrow your options. Choose niches that you’re familiar with and the most profitable ones. For example, the most profitable niches include technology, health, and travel. You can make good money if you’re able to come up with valuable domain names in these niches.

  •  Find and buy high-value domain names

When you want to succeed in the business of buying and selling domain names, you must keep the buyer and the market in mind. Picture yourself as the buyer. If someone were to put a particular type of domain in the marketplace, would you buy it? If yes, then you are doing a great job. If no, then you need to reevaluate your strategy. You must also know how the domain market revolves and evolves. For example, if you’re focusing on the technology niche, what innovative technologies will rule the world in the next 2 to 3 years? Maybe you should think of domain names that focus on electric cars, as electric cars are expected to take the market by storm in the coming 2 to 3 years.

  •  Where to find and buy high-value domain names

At this time, you should have already chosen the niches you want to deal in and shortlisted a couple of domain names to register. So the next step is to figure out where to register and buy these domains. The best place to buy domain names is the registrars’ websites. Here, you’ll search and perform domain name registration to own the domains. Examples of the best registrars to buy your domains from include GoDaddy, Namecheap, and HostGator. If you find that the domains you’re looking for have already been snapped up, head to domain auction sites like AfterNic.com, auctions.godaddy.com or NameJet.com. These sites have superior search boxes that allow you to narrow down your search in terms of price, keyword, domain extensions and other filters.

  •  After you’ve determined where to buy a domain name, its’ time to indulge in price evaluation

The price of domain name you choose is important because you’re in this business to make profits. So make sure you are getting a reasonable price to resells at an impressive profit. This is where price evaluation comes in. Tools like namebio.com can help you compare prices to get the best possible deal.

  •  Resell your domain names

This is the stage where you put your domain up for sale at a much higher price. You can leverage domain name auction sites like GoDaddy, Namecheap, and SnapNames.com to list and sell your domain.

Conclusion

You can also indulge in buying and selling expired domain names. Buying and selling of expired domain names can be a lucrative business opportunity as they tend to fetch tidy sums. You just need to know where to find cheap expired domains, and you’re good to go.

 

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