How to Buy, Rent, or Trade Domains
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 domain names. Some have become millionaires doing this. I’m going to show you how it is performed and teach you what you need to know to begin. Here’s what you need to understand:
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 folks make their money buying up domains that are worth less than ten dollars each. Other people make their money selling domain names that are worth more than a hundred bucks each. Either way, 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 price when people are searching for answers to questions about the problem they have. Therefore, popular phrases on wellness and lifestyle websites such as”I hate cold temperatures” or”weight loss” or”I hate heat” will quickly gain traction in the domain name’s marketplace. Once they gain a momentum, they’ll be tough to beat.
Another reason people buy domains would be to resell them later. Reselling domains is one of the fastest growing forms of domain flipping. A few years ago domain names were bought and resold with little attention paid to the marketplace. But today there are large directories such as GoDaddy and eBay, where sellers and buyers can register old and new domain names before making any sales. So, sellers can buy hot domains, register them and then quickly sell them for great profits.
If you want to make the most profit buying and selling domains then you’ll need to purchase enough domain names to cover your everyday usage. You should have a minimum of ten domains registered each with a recent Premium domain status. If you’re planning on selling all of your domain names then you’ll want to do one of the following: Find a fantastic domain name search engine, enter a list of your preferred domain names and conduct 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 will sell all of your domain names then you want to set aside time every day to look through and buy 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 will need to find new extensions to register so that your site visitors can access your site. New extensions cost a little more than regular domain extensions but you can usually sell your old domain names for double the amount of new extensions.
