How To Buy, Lease, Sell, Value, and Invest in
Domain Names
This truly is the business to get into in 2005.
It's a red hot opportunity that can make you
anything from $150 to $3000+ a week part time.
And this article will walk you step-by-step
through the money-making process.
There are a few ways you can make money buying
domain names and selling them on for profit. And
I mean PROFIT. You'll see why people will be
scratching at your door to buy off you in just a
moment.
But first let's start with the basics.
All domain names are only registered for a
limited amount of time. Registrars can choose to
use the name for a period of between 1-10 years.
After this the rights to these domain names
expire and the user has to renew the name again.
If they don't do this it will be placed on hold
for a short time and then deleted. This means it
is then available for anyone who wants to buy
it!
This Is Where You Can Cash In!
20,000 expired domain names are made available
each and every day. Some of them are very
attractive and well-established names.
The owners of many of these domain names will
have accidentally let them expire. But their
carelessness is our gain.
You see you can "grab" these domain names (a
term used for purchasing an expired domain name)
for around $10 and then sell them back to the
old owner for hundreds of dollars!
The owner will be willing to pay huge sums to
you because they had built up qualified traffic
over X amount of years and didn't want to lose
all the previous custom.
It's not just businesses that have carelessly
let their domain name expire that will buy off
of you. It's other businesses too that will buy
the name to get the old owners' traffic. It's a
legitimate way of increasing your customer base.
But is this a legitimate business? YOU BET!
There's nothing shady or untoward about this
business in the slightest. That's why
entrepreneurs in the know are making money hand
over fist.
So let's move on. There are two main reasons why
people will be willing to pay YOU a couple of
hundred dollars for a domain name.
a) They carelessly let the domain name expire.
That means that they will pay you to get the
name back to ensure that they don't lose their
existing traffic that they may have built up
over years and years.
B) They are a business in the same field as the
one that has let the name expire and therefore
will pay you to secure the existing custom of a
rival.
Here's step-by-step how you go about this
fantastically profitable part time business.
There are several sources of expired domain name
information and research tools, some free and
some that require a payment of a fee.
www.wehavethem.com supplies lists of names due
to be deleted. www.DeletedDomains.com allows you
to do some searching free and more extensive
searching for a $99 annual fee. You can search
for names that are due to be deleted and also
allows you to bid on newly deleted names that
have already been grabbed by other 'investors'.
What you are looking for is an expired domain
name with traffic in the last month of anything
over 1500 (download the Alexa toolbar for this
info @ www.alexa.com). Ensure that the site is
an actual consumer site. There's no point buying
a domain name if the previous site wasn't
selling any goods.
If you see a site that had tens of thousands of
visitors in the last month GET IT. The
likeliness is that the previous owners will be
itching to get their name back off of you due to
its obvious success.
Also if you see a name with a large qualified
traffic that's due to expire and has a high
traffic volume use an automated grabbing system
such as www.snapnames.com and www.pool.com.
These will ensure the second they become
available you will have registered them. The
cost is about $60 but only if they get the names
for you. Definitely worth it in my eyes.
Remember you could easily sell the name for
hundreds, maybe thousands.
In part 2 we'll take a look at how you go about
selling the names once you have acquired them.
But in the mean time here's a few domain names
which were up for sale at the time of writing
this article. Now obviously not all names sell
for this much, but it's a very real possibility
that you could stumble across a gem in your
business.
The profits in this business are like no other.
Now it's your turn to get your hands on your
share in the billion dollar industry of buying
and selling domain names.
Until next time...
Jonathan Street
Domain Names that were
once impossible to use are now within your
reach.
We are a
member of Nominet, the registry for domain
names.