One of the most common ways to earn some serious dough is buying and selling domain names. Domain reselling is such an attractive business that all the major domain selling companies offer a reseller account. These accounts help people become agents and sell expired domains from these major domain selling companies.
So how can you make a profit when you buy domain names and sell them later? Today, we will show you a number of different ways you can achieve this. However, before we reveal these options, you need to understand the psyche of this business. The underlying psyche is popularity and visitor count. Popular domain names will generate much higher traffic for their owners compared to normal generic domain names.
- This is the basis of the first method. When you want to buy domain names, you should search for offline companies that are new, successful and do not have an online presence.
There are a number of extremely successful offline businesses. Most of these businesses do not have an online presence. The reason is that when they start their business, they focus entirely on the brick-and-mortar model. Hence, when they move to an online model, they want to connect with their clients.
By registering domain names similar to the names of such companies, you are ensuring that the companies will have to approach you to purchase the domain name. Since there are no intervening parties in the deal, you can decide the cost and pocket the entire amount without any cuts.
- The second method is to look for aged domains with a high visitor count. More often than not, some domain owners default on their annual payment. As a result, the ownership expires and the domain becomes available for new buyers. There are many tools, which allow you to locate such domains.
Depending on your budget, you can pick up domains that have attracted around 1000 visitors to over 5000 visitors. This domain can then be resold to the person who defaulted or to a new party who is interested in the domain.
However, whenever you look to purchase aged domains, you have to be mindful of the history of the domain. Always cross-check if there are any blacklisted websites associated with the domain on sale. Also, check if the domain itself has been blacklisted by search engines. This is a very important step, which should not be ignored.
- The third method when you buy domain names is to visit domain auction websites. There are a number of websites that conduct auctions of domain names. However, the trick is to understand the potential of the domain names on offer.
To help pick the right domain names, you will have to use a combination of the first and second methods. This combination will help you pick potentially popular and money-making domain names for a very reasonable cost.
We hope that these three methods have helped you understand the process of domain buying and selling. Are there any other methods you know of? Please share them with our readers.