SELL DOMAIN NAMES ONLINE THE SMART WAY
The less tech-savvy population on the internet is not fully aware of what the term ‘domain selling’ really means. If you are one of them, then this article is definitely a must-read for you. In this article, we will delve into the details of what ‘domain selling’ refers to, how it is done, and whether it is a profitable part-time business opportunity or not.
In layman terms, domain selling refers to buying and selling domains for a profit, and is one of the few domain investing strategies. Now there is quite a misconception regarding this particular act as people are of the opinion that hoarding domain names is unethical but that is far from true, as many big names in the domain flipping industry like GoDaddy and Namecheap have emerged recently.
As far as selling domains for a profit is concerned, there are certain domain names that are worth a lot of money. For instance, Hotel.com and Business.com have been reportedly sold for $11 million and $7 million respectively. Now even though coming across such golden domain names seems more like a long shot, you can still make a decent amount of money if you choose to buy and sell domains as a part-time business opportunity.
A STEP-BY-STEP APPROACH TO DOMAIN SELLING
Know Your Budget.
Just like any other business that you would normally startup, you must first know your budget. In order to start a profitable business, take some time out to do financial calculations. It is always best to start off by investing a small amount of money and then move on to making a bigger investment once you are set in the field you intend to invest in.
Focus on Local Domain Names.
It is mind boggling how local search engine optimization has grown from a tiny market to a mammoth industry within a span of ten years or so. This is also one of the reasons why focusing majorly on local names is profitable. From doctors to pizza parlors to salons, everyone wants to see their business thrive on the first page of Google Search results with the help of target keywords.
The best way to pick winning local domain names is to search for them at places like GoDaddy and Namecheap.
Find an Existing Domain Name.
Yes, buying existing domain names can be profitable too. Existing domains with a potential for profit can be found using Sedo. Make sure you pick domain names that have good traffic, backlinks and Google PageRank under 17 characters. Also, steer clear of existing domain names containing special characters or numbers because they are not likely to be sold.
Buy a New Domain.
Even though generic domain names are usually taken, there may be some unregistered domain names. You’re lucky if you can find such a domain name; waste no time and get it registered with the best domain registrar company because that will enable you to sell your domain name to the interested party easily.