How To Make Great Money Part Time Buying And Selling Domain Names – Part One
This truly is the business to get into in 2005. It’s a red hot
opportunity that savvy investors can make a killing on when you
know how. And this article will walk you step-by-step through
the money-making process.
Don’t be put off by the term “investors”. I’m not talking big
money down here. As long as you’ve got a spare £5 a week then
great money can be made for only half an hour of your time. Like
the sound of that? Thought so.
There’s 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.
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 availible for anyone who wants to
buy it!
This Is Where You Can Cash In!
20,000 expired domain names are made availible each and every
day. Some of them are very attractive and well-established
names.
Example. Last year the owners of Race.com carelessly didn’t
renew their registration fee. It was grabbed (the term used to
describe purchasing an expired name) by a savvy ‘investor’ for a
few pounds and sold for thousands and thousands back to the old
owner.
The owner was willing to pay huge sums for to the investor
because he had built up qualified traffic over X amount of years
and didn’t want to lose all the previous custom.
Now I admit that making a sale for thousands is rare, but is
certainly possible.
The likeliness is that you can buy a domain name and register it
for £5-£50 and then sell it on for anything from £150 – £1000.
Do this with five domain names a week, and your looking at a big
sum of money for only a couple of hours work.
It’s not just businesses that have carelessly let their domain
name that will buy off you. It’s other businesses too that will
buy the name to get the old owners’ traffic. It’s a legitamate
way of increasing your customer base.
And if the old owner and a new potential owner get into a
bidding war…well..the sky really is the limit.
So there’s two main reasons why people will be willing to pay
YOU a couple of hundred pounds 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 therfore will pay you to secure the exisitng
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
reserach 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. 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 thats 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 availible you will have
registered them. The cost is about $60 but only if they get the
names for you. Definately 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.
my.com $750,000 lovelife.com $350,000 fights.net $16,000 diet.us
$35,000 askdoctors.com $7,500 dietary.info $6,000
lovemaking.info $10,000 textmeassage.net $17,000 ejobmarket.com
$1,800 smokers.tv $5,000 teens.org $22,000 raregifts,com $20,000
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