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 become millionaires doing it. I will show you how it’s done and teach you what you will need to know to begin. Here’s what you need to know:
You can not make money in domain flipping without understanding the marketplace. The domain name market is huge and it gets bigger every day. Some people make their money buying up domains that are worth less than ten bucks each. Other people make their money selling domains which are worth more than a hundred dollars each. In any event, it’s plenty of money.
Domains are sold for several distinct reasons. One reason is popular phrases that are in high demand. Hot topics rise in cost when people are searching for answers to questions about the problem they have. Therefore, popular phrases on wellness 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 domain names would be to resell them later. Reselling domains is one of the fastest growing forms of domain reversing. A couple of years ago domain names were bought and resold with little attention paid to the market. But today there are large directories such as GoDaddy and eBay, where sellers and buyers can register new and old domain names before making any sales. So, sellers can purchase hot domains, register them and then quickly sell them for good profits.
If you would like to make the maximum profit buying and selling domain names then you will need to buy enough domain names to cover your daily usage. You must have a minimum of ten domain names registered each with a recent Premium domain status. If you’re planning on selling all your domain names then you’ll need to do one of the following: Find a good domain name search engine, enter a list of your preferred domain names and run a search. If your domain name is not available in the search results then you’ll want to purchase it from your hosting company.
If you are going to sell all of your domain names then you need to set aside time every day to look through and purchase any domain names you are not using. The most valuable domain names are those with no expiration dates and died domain extensions. As soon as you have bought your domain names, you’ll 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 usually sell your old domain names for twice the amount of new extensions.