Sunday, November 2, 2008

Buy and sell Domain name for profit:- The easy way to make millions fast

If you think that you know all about domain buy and sell business for making fast and easy money, then do read this.

Domain name business is one of the newest and less known way of making easy money, and too very fast.
You want to be a millionaire, and you can't wait, that's the reason you are here. Let me help you out. First and foremost,
forget everything you know about domain names business, and start from scratch.

The term given to this business is Domaining, and it is perfectly legal. It is business of buying and selling
domain names for profit. The reselling of this type is actually comparable to real estate. You invest in the property,
seek a potential buyer, and then sell it to him at a large price tag. Thereby making good profit. The only difference is that
"domain reselling" is much easier and much cheaper as it requires very less investment and normally gives great
returns, if used properly. Many people even make there living by this. Believe me, it means lots of money and that too fast.

The domaining often occupies building up of the domain name portfolios, or else collections of the domain names, in
accordance to various criteria s. This domain name portfolios frequently include profitable generic dictionary word domain
names, or domains whose registrations have lapse but they still retain practical traffic. The more traffic, the more money
you earn.

I will move step by step in helping you through the complete process.

1. Domain name
This is the first step in the business, you need to finalize on the domain name you want to buy. Buying a domain name depends
on various factors like:- What is your budget, Which market you are targeting, who is the potential buyer. You should answer
these questions before buying a domain name. Also some other points to keep in mind are:- The domain name should be short, as
it is easier to remember and creates a higher possibility of the traffic to return again. The domain name must be easier to
remember, good for your business. The domain must be brand-able, and must cater to the needs of some particular niche. Try and
avoid domains which contain hyphens and numbers. Go for a .com extension for your registration.

2. Buy a Domain name
Before buying a domain name, check out the traffic the niche gets, more traffic implies that your revenue generation will be
higher. So make sure you check out the quality of the name and the traffic the domain receives, before making an investment.
The keyword here is "research", and you need to do some of it before making an investment.

Try and look for a cheap domain, as they are the best buys. The cheap domain don't cost you much, moreover if properly
targeted at a niche then they produce good results.
Make sure you go for a cheap domain, else you have a hefty bank balance.

Now here is point that you buy a domain name for reselling or you register a new domain name for reselling. If you don't want
to buy an existing domain, then you may try creating a domain name, it normally comes free along with web hosting
packages. Web Hosting implies that you rent some space on a server to host your web site, and they provide you the domain
name registration for free, though it may change from vendor to vendor. The effectiveness of this method will be further explained by http://ways-to-make-easy-money.blogspot.com in my later articles.

3. Domain registration
If you plan to create a new domain, then you need to register it, for registration of domain you need to find a registrar,
that provides you the name. The second option is that you go for a web hosting domain package, where they provide you
the space at some cost, but provides the domain name registration for free. Make sure that you register your domain with a
"com" extension as it is highly valued in the market. If you really want to make money then this point counts a lot.

4. Sell the Domain name
Now that you have got a good domain name targeted at a particular niche, you may seek the help of various sites for finding a
potential buyer for you. Sites like DMOZ.org is a great source for this. Just prove to your customer that he is getting the
best buy and you are the winner. Make cash from your resell and go ahead for a next buy.

The stuff till now was for getting you started, now regarding the strategy part of the business, most domainers try and make a long term investment. They buy and own names, they park on web sites... 

Oh I forgot to tell you about Website Parking. Website Parking is the way of making money when your domain is sitting idle. I will clarify this, Now that you looked for a cheap domain, if unable to fine then you register domain preferably with a "com" extension. Then you buy domain using a seller or via web hosting domain packages. Now that you have got all but not a profitable client, in that case you can park your website. 

Website Parking implies that the site on which your domain is parked, will use your domain for putting up ads, some people type the name of the thing they required, without knowing that it exists or not. 

Like if a person needs a plumber, then he may type plumber.com without knowing that the site exists or not. Website Parking makes use of this benefit and earns from the normal domain name traffic that may occur. And if a person clicks on an add then you earn. Isn't that great, you earn money without doing anything.

Some more points to consider while buying a domain name includes, if you think that some technology is going to take off, then buy a domain name that pertains to it. The more relevant the name, the more money you will make. I will close this article with an example, Schwartz sold Men.com for $1.3 million in 2003, and he had bought the domain at $15,000 in 1997. Mind Blowing isn't it.

So Domain names reselling provide a great opportunity for making large amount of money, and that too very fast.

Keep buzzing.

Disclaimer

This is a personal blog about money making ideas and related topics. There might be inaccuracies and the author takes no responsibility of any damage occurring due to the same. The articles posted are my personal opinions that I have gathered over the time span. My opinions are liable to change as I become more educated over the time period. No decision should be made on the basis of the articles of this blog. The author does not accept any responsibility for any damage or inconvenience caused due to the articles and opinions expressed in this blog. The readers are advised to make there research from proper sources before making any investment decision.