How to make money easily on the Internet, but this time it’s TRUE!
On the World Wide Web, domain names are equivalent to real estate. Owning a domain name allows you to bet and claim your share of the internet. For several years, many people around the world have made a living from the comfort of their own home thanks to the power of domain names. Many domain names have sold for thousands of dollars and some have sold for hundreds of thousands or even millions. For example, one of the names I recently registered was appraised at a value of $ 6,000!
Contrary to popular belief, the “dot-com crash” has not spoiled the domain name market. There is still a very strong demand for quality domain names. The highest sales have occurred in recent years, as the market continues to grow. Selling names remains one of the easiest and cheapest Internet businesses available. It requires a minimum of time and little or no initial investment. It is an ethical and sensible business that avoids the most common mistakes of other work from home ideas.
There are many technical details about how domain names work, but you don’t need to know them to get the most out of the names. There are many types of domain names, but to make money, only “top-level domains” (TLDs) are important. The best TLD extensions to earn money are listed here:
Making money with domain names can be one of the easiest businesses out there. There are actually only four steps involved:
- Look up names.
- Record the names.
- Sell the names.
- Collect easy money!
Let’s go over each step in more detail …
Step 1: Search for names.
The first step to making money from domain names is to search for available names. Your goal is to find high-quality names that have not yet been registered. This is not as difficult as some people may have you believe. I do it all the time, and you can too. There are still many valuable, high-quality names available to take.
To search for names, you must use a domain name registrar. At my site, Domain Doctors, we offer an availability check-in and registration service. On any other registrar’s website, you should see a similar search box that allows you to type in a name and find out if it’s still available. Doing this is as simple as typing in the name you want to search for and clicking a button. You will see the results of your search in a few seconds. Check availability is completely free.
When looking for names to register and resell, there are a few simple guidelines to keep in mind:
- The shorter the better. The fewer letters a name contains, the more valuable it is likely to be.
- Similarly, the fewer words the better.
- You want to choose names that target markets that are both large and specific.
- Stay away from hyphens, hyphens, numbers that replace words, intentional misspellings, and all the other tricks.
- Don’t try to be too smart and don’t try to “invent companies by registering names.”
- Lastly, watch out for trademarks. Do not register names that infringe the trademarks of established companies.
If you are having trouble thinking of names to resell, Domain Doctors offers an inexpensive suggestion service. We guarantee that every name we suggest will be priced at least ten times what you pay us, or your money back. I am not aware of any similar services available elsewhere, although you can always use Google to search for other options to help you find good names.
Step 2: Register your names.
Once you have a few names that you think will be valuable, the next step is to register them. Most names will cost you $ 15-35 each to register. You can find some places that offer registration for less, but you should be aware that, as with anything in life, you get what you pay for. Domain Doctors registers names for $ 19.95. Other reputable services should be priced similarly.
Step 3: Sell the names.
Once you have your names registered, you can put them up for sale immediately. There are two ways to do this: through listing sites and through brokers.
If you want a quicker sale, check with a broker. Because they make money from the sale, brokers will list your name, promote it, and try to get the best possible price. In exchange for those services, they will deduct a percentage of the sale price when the transaction is completed. 10% is the typical fee for a broker.
If you’re willing to potentially wait a little longer for a sale to avoid paying a broker’s commission, you can put your names up for sale on a listing site. To find brokers and listing sites, you can type “domain name sales” into Google, or you can find them on the Domain Doctors site.
Step 4: Collect easy money!
After a name is sold through a broker, you are paid the sale price less the broker’s fee. If it’s a private sale through a non-broker listing, you get the price that you and the buyer agree on. Unless you’ve invested in a large number of names, a single sale could easily pay for all of your startup costs and leave you some money too. If you want, you can use part of this money to register more names and continue to build your business in this way.
You should now have everything you need to get started. As you progress and do more research, you will learn many tips and tricks to increase your success, but the most important action step for newbies is to get involved and get some good names for sale as soon as you can. Again, be sensible and don’t spend a fortune registering names before you gain some experience, but get some names on your plate as soon as you can and use them to learn driving.
I think you will find that speculating with domain names is a fun and rewarding business. It’s not a get-rich-quick scheme, but with a keen eye for names, you can earn a comfortable income without leaving your home. Remember, if you like the business idea but aren’t sure you have a good eye for names, Domain Doctors can help.
We guarantee that every name we suggest will be priced at least ten times what you pay us, or your money back. We also offer domain name registration and appraisal services. A version of this article with many additional tips and informative content is available on our website, via the link below.
Best of luck, and please write to me if you make a good sale or get a name on the list for a good sale price!