How to Buy, Rent, or Trade Domains
It may seem like a crazy idea but some people have actually made money buying, selling and flipping domains. Some have even become millionaires doing it. I'm going to show you how it is done and teach you what you need to know to begin. Here's what you need to know:
You can not earn money in domain flipping without understanding the market. The domain name market is huge and it gets bigger every day. Some folks make their money buying up domains which are worth less than ten dollars each. Other people make their money selling domains which are worth more than a hundred bucks each. In any event, it's plenty of money.
Domains are sold for a number of distinct reasons. 1 reason is popular phrases that are in high demand. Hot topics rise in cost when people are trying to find answers to questions about the problem they have. Therefore, popular phrases on health and lifestyle sites such as"I hate cold temperatures" or"weight loss" or"I hate heat" will quickly get traction in the domain name's market. Once they gain some momentum, they will be hard to beat.
Another reason people buy domains would be to resell them later. Reselling domain names is one of the fastest growing forms of domain flipping. A couple of years ago domain names were bought and resold with little attention paid to the marketplace. But now there are large directories like GoDaddy and eBay, where buyers and sellers can register new and old domain names prior to making any sales. So, sellers can purchase hot domain names, register them and then quickly sell them for great profits.
If you want to make the maximum profit buying and selling domain names then you will need to purchase enough domain names to cover your everyday usage. You must have a minimum of ten domains registered each with a recent Premium domain status. If you are planning on selling all your domain names then you'll want to do one of the following: Find a fantastic domain name search engine, enter a list of your preferred domain names and run a search. If your domain name isn't available from the search results then you'll need to buy it from your hosting company.
If you will sell all of your domain names then you need to set aside time each day to look through and purchase any domain names you aren't using. The most valuable domain names are those with no expiration dates and died domain extensions. As soon as you have purchased your domain names, you will need to find new extensions to register so that your website visitors can access your site. New extensions cost a bit more than regular domain extensions but you can generally sell your old domain names for double the amount of new extensions.
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