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How To Buy And Sell Domain Names Part Time For Profit Part 2
Let's just take a quick glimpse at what we've done so far:
We've used www.wehavethem.com, www.DeletedDomains.com or www.namewinner.com to locate names that are about to expire or have expired. We've located consumer site names with a large amount of traffic in the past month. We've grabbed them either personally or using an automated grabber to ensure we get the names we want.
That whole process has taken you less then an hour. Just a quick search to locate a name and then register it. Easy. (incidentally if you are confident that a name you have purchased is valuable, it may be worthwhile securing the .com, .co.uk, .net, .org, .info forms of the name as well. That way no one can undercut you by bofering it cheaper. And chances are the buyer will want all five names. That means FIVE TIMES THE PROFIT!
Now it's time for the real exciting bit. Selling the name.
Once you have grabbed your domain name the simplest way to find a buyer is to register them in your name. This can be as little as £5 for two years. (.com names tend to be slightly more expensive the others). A simple search can put you in touch with tons of registration services.
Now your registered it's time to positively market your name. You can do this in one of two ways:
The Direct Approach - Making a direct approach to a buyer is a bit tricky. You could rent a mailing list of companies who are in the area your domain names are out and send them a simple sales letter. EG. If you had www.cheapplanetickets.com you would rent a mailing list of a travel agency.
Whilst this approach does work, it's both time consuming and if your sales letter isn't up to scratch your going to lose out.
So now to the way I do things - the lazy mans way to make fantastic money from selling domain names.
Using Brokers And Agents - Domain name brokers and agents will list your names on their books and try to find a buyer. They do this by either a fixed price or via auction.
As this business is fairly new ensure that you find an experienced brokers. Find out the following:
Their charges: ie commision, listing fee etc.
How many names are already on their books.
And what prices domains like yours are going for.
There is no limit on the brokers you list with if you want to increase the amount of people who see your offer.
I like to use www.sedo.co.uk or www.afternic.com. But many can be found via a google search.
You can also sell domain names on eBay. (They get just everywhere don't they!). Simply go to www.ebay.com and search for domain names. Be on the look out for any high quality names to buy as well. You see because this bsuiness is so fairly new people just don't realise the sort of money that can be made.
Once you've made the sale all you need to do is use your list brokers to act as a thrid party escrow service,. This basically means they will accept the payment for your name from whoever it may be you are selling to and then register the domain name to the new owner. All you have to do is sit back and wait for the funds to go into your account. It's THAT easy.
What Price Should You Sell At?
This is a vital aspect of this business. Pitch too high and you won't make a sale. So don't get too greedy. The price you get depends on the quality of the name, how much someone else wants it and how quickly you want to sell it. If your willing to sit back and wait for a big offer then that's fine. But if like me you want to make cash in the fastest possible time the key is to selling a name at a reasonable price and with a few names a week. It'll take a maximum of a few hours strat to finish per name.
The ideal affordable price range is in the rgion of £100/£500/£1000. At these figures people will be scrambling over eachother to get their expired names or the names of others. It's alot easier for a company to buy back from you at these prices then to either come up with a better name or try to rebuil their traffic at a new domain name.
Now remember that your overheads in this business are so very low. If you bought a name for £5 and sold for £500 thats a profit margin of TEN THOUSAND PERCENT!!!
There's so many reasons why I love this business.
The money to be made is incredible. Five domain names a week a would take you approx five hours. And if you even sold them at the minimum of £150 that's still £750 PART TIME.
I strongly reccomend you get into this business yourselves. It's simple, hugely profitable, and can be worked part time around a current job. Please. I ask just one thing of you. Try this idea once. Just once. It'll cost you just £5. When you see how easy it is then you can really go into it all guns-a-blazing! And if you found it wasn't for you what are you out? Just five measly pounds.
There's just one difference between those who achieve real success and those who float from day to day in relative financial obscurity. That's ACTION. So come on. Take that vital first step to making great money from home for just a few hours a week and see for yourself why buying and selling domain names is the opportunity of 2005.
All the best in your new venture.
Jonathan Street.
J.S.T Information
About the Author Jonathan Street is a master at making vast sums of money for very little investment. Direct mail, mail order, selling domain names, eBay...you name it - he's making money from it. He's also the author of "How To Make £5,000 - £10,000 A Month From Home". A book which he invites you to get for free from his ever popular web site. For FREE info and to get a copy of Jonathans book go to: http://www.millionaire-enterprises.com
Domain Name - How To Pick One
Picking a domain name should be easy, right? Why, I'll just use my business name. Not so fast, Sparky. A good bit of thought should be given to selecting a domain name.
42 Killer Domain Secrets Exposed!
The Basic Stuff
How To Choose The Best Domain Name
In this article we are going to look at the thought process you should go thru to choose your domain name.
Understand the Domain Name System
Ever wonder why DNS systems came into existence? Efficiency. Every computer has a distinct IP address, and the Internet needed an elite method for obtaining these addresses and for managing the system as a whole. Enter ICANN. The Internet Corporation for Assigned Names and Number manages the DNS root of the Internet domain namespace. ICANN's role is to manage the assignment of identifiers, ensuring that all users have unique names. The DNS system is run by a series of servers called DNS servers. ICANN manages the root DNS domains, under which are the top-level domains. It also manages: Organizational domainsGeographical domainsReverse domainsBeneath the top-level domains are other naming authorities such as Nominet, the UK's naming authority. How does a DNS Query work? The process occurs in two parts. Firstly, a name query begins at a client computer and is passed to DNS client service for resolution. When the query cannot be resolved locally, DNS servers are queried. For example, when a web browser calls the fully qualified domain name www.discountdomainsuk.com, the request is passed on to the DNS client service to resolve the name by using locally cached information. If the query is held in the cache, then the process is complete. If, however, the query cannot be answered locally, the DNS client service uses a server list (ordered in sequence) to query external DNS servers. When a DNS server receives a query, it first checks to see if it is authoritive for that domain name. If it is authoritive, it resolves the name, and the process is complete. If the DNS server is unable to resolve the query, it in turns queries other DNS servers, using a process known as recursion. DNS servers make use of root hints to assist in locating DNS servers, which are able to provide the required result. In this way, DNS queries are minimised and the Internet is able to operate quickly and effectively. A typical query may run as follows: Client contacts Nameserver A looking for www.discountdomainsuk.com.Nameserver A checks its cache, but can't answer, so it queries a server authoritive for the Internet root.The root server responds with a referral to a server authoritive for the .com domains. NameserverA queries the the .com server and gets referred to the server authoritive for www.discountdomainsuk.com.Nameserver A queries this server and gets the IP address for www.discountdomainsuk.com.Nameserver A replies to the client with the IP address.Queries can return answers that are authoritive, positive, negative or referral in nature. In the event of a negative answer, another DNS server is queried.
What Questions Should You Ask Yourself When You Select Your Domain Name for Your Home Business?
So you want to be an Internet superstar, work from home and earn six figures cool we are working on doing just that. In previous articles we have discussed figuring out what you want to do for your home business another term for this is finding your niche.
How to Register an Expiring Domain
Understanding the process and options involved with registering an expiring domain can be a confusing task. How, Where, When?
Choosing a Domain Name - One of the First Stops for Your New Website
So, what is a domain name, or simply a domain? Well, the answer is also very simple: it`s your website`s name.
Domain Name Registration Explained
Registering a domain name is a pretty straight forward process. In fact the hardest part of registering a domain name is coming up with a name that has not already been registered. There are some people who have never registered a domain name, they have left it up to a third party or have always used free hosting. Here is simple explanation of how to register a domain.
How to Profit from Expired Domain Name Registration
After the dot com crash, expired domain names and expired domain name traffic have been a source of potential income. It is important to inexpensively obtain the automated tools required to track the thousands of domain name registration and abandoned websites that are removed from the domain registry and become available for purchase.
Why to Register md-Domains?
What is .md?
Know How DNS Works
Domain name Servers (DNS) are an important but invisible part of the internet, and form one of the largest databases on it. Each machine on an internet is assigned a unique address, called an IP address, which is 32 bit number and is expressed as 4 octets. The method user to represent these IP addresses is known as dotted decimal Notation". A typical address looks like this: 199.249.150.4
How to Profit with Domain Name Speculation
Domain Name speculation has become big business. According to recent study, the average domain name bought and sold by domain name speculators realized a 377% profit. In addition, the average domain name was sold in 12.5 months.
Deleted Domains Can Kickstart a New Website
Are you getting ready to launch a new website online with a brand new domain name? You may want to consider registering a deleted domain name instead. Here are some of the benefits to consider from this strategy.
5 Tips For the Perfect Domain Name
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Is Your Company Name Killing Your Online Business?
Ahhh... your company name.
Is Your Domain Costing You Traffic?
You visited a great website some time ago that had some fantastic information on it. It is not easily found in search engines results so you decide to type the domain name into your favorite browser. The problem is that the url spells out something like keyword-keyword-keyword-keyword-keyword.com.
Tips and Tricks To Getting Top Money for your Domain Names
Would you like to be that lucky person who sells their domain for thousands or even a million dollars? It IS possible to find quality domains and resell them for huge amounts of money. The time is ripe for acquiring top domains and selling them. Now that the Internet Boom is behind us, valuable names expire everyday. The best way to find these domains is to use services on the Internet such as DomainsBot to weed out the bad names. Or just check out Hot Lists on sites like Namewinner or Pool.
How To Really Profit from Domain Names
Have you heard about domain names that sold for over a million dollars? Inspired by this, you imagine registering a great domain name, hanging onto it for a while, and then selling it off to become the next multi-millionaire. It could happen, but don`t count on it!
Domain Parking Explained
Domain names are being snapped up all the time so if you have thought of a cool domain name for a future project then it might be wise to register it now. There is a chance that if you leave it too late someone else may register it. While your planning your site you can park the domain name.
Selecting a Domain Name Registrar - How to Avoid Getting Burned
When it comes to registering your domain name you want to pick a domain name registrar that will work with you, help you choose the best domain name, not overcharge you, and provide you with all of the information you need to make the best possible decisions regarding your registrar account. There are thousands of domain name registrars on the net and most of them offer the service legitimately and at an affordable price. However, there are certain sites you will want to look out for and the following suggestions will give you some information on questions you should ask and answers you should have in writing before doing business with a registrar.