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How To Make Great Money Part Time Buying And Selling Domain Names – Part One
This really is the business to get into in 2005. It’s a very hot opportunity that smart investors can make a killing from when you know how. And this article will guide you step by step through the money making process.
Don’t be put off by the term “investors”. I’m not talking about big money here. As long as you have a spare £5 a week then big money can be made for just half an hour of your time. Like the sound of that? Thought so.
There are a number of ways you can make money by buying domain names and selling them for a profit. And I mean PROFIT. You’ll see why people will be scratching at your door to buy from you in just a moment.
Let’s start with the basics.
All domain names are only registered for a limited amount of time. Registrants can choose to use the name for a period of between 1-10 years. After that the rights to these domain names expire and the user must renew the name again. If they don’t, it will be placed for a short time and then removed. This means it is available to anyone who wants to buy it!
Here’s Where You Can Earn!
20,000 expired domain names are available every day. Some of them are very attractive and well established names.
Example Last year the owners of Race.com carelessly did not renew their registration fee. It was snapped up (the term used to describe buying an expired name) by a shrewd “investor” for a few pounds and sold for thousands and thousands back to the old owner.
The owner wanted to pay huge sums for the investor because he had built qualified traffic for X years and didn’t want to lose all the previous custom.
Now I admit that making a sale for thousands is rare, but it is definitely possible.
The likelihood is that you can buy a domain name and register it for £5-£50 and then sell it for anything from £150 – £1000. Do that with five domain names a week, and you’re looking at a large sum of money for just a few hours of work.
Not only businesses that carelessly left their domain name will buy you. Also, other businesses will buy the name to get the traffic from the old owners. It is a legitimate way to increase your customer base.
And if the old owner and new potential owner get into a bidding war… well… the sky really is the limit.
So there are two main reasons why people will want to pay YOU a few hundred pounds for a domain name.
a) They carelessly let the domain name expire. That means they will pay you to get the name to make sure 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 let the name expire and will therefore pay you to secure the existing custom of a rival.
Here is step by step how you go about this amazing profitable part time business.
There are several sources of expired domain names and search tools, some free and some that require payment of a fee.
http://www.wehavethem.com provides lists of names to be removed. http://Www.DeletedDomains.com lets you do a free and more comprehensive search for an annual fee of $99. You can search for names to be deleted and also allows you to bid for recently deleted names that already have. was caught by other ‘investors’.
What you are looking for is an expired domain name with traffic in the last month of anything over 1500. Make sure the site is a real consumer site. There is no point in buying a domain name if the previous website did not sell goods.
If you see a website that has had tens of thousands of visitors in the last month GET IT. The likelihood is that the previous owners will be itching to take their name back from you because of its obvious success.
Also if you see a name with a lot of qualified traffic that will expire and has a high traffic volume, use an auto capture system like http://www.snapnames.com and http://www.pool.com. These will ensure the second they are available you will have registered them. The cost is about $60 but only if they get the names for you. Definitely worth it in my eyes.
Remember that you could easily sell the name for hundreds, maybe thousands.
In part 2 we’ll look at how you go about selling the names once you’ve acquired them. But in the meantime here are some domain names that were for sale at the time of writing this article. Now obviously not all names sell that much, but there is a very real possibility that you could hit a gem in your business.
rare gifts,com $20,000
The profits in this business are like no other. Now it’s your turn to get your hands on your share of the billion dollar industry of buying and selling domain names.
Until next time…
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