Quick Tips On How To Earn A Living Online Selling Domain Names

May 3, 2012 by: 2

If you are interested in making money on the internet, you should be familiar with domain names. A domain name is simply the address that you type into your browser when you want to visit a website. However, you might not be aware that people have made several thousands of dollars selling them on the internet. Here is how you too can earn money online selling domain names.

How to buy domain names

Before you can earn a living online selling domain names, you have to buy some domains. You own the rights to every domain you buy from a registrar as long as you renew your ownership every year. You can pay for several years ahead and keep renewing it as long as you want. Domain names are not expensive. They are usually about $10 to $12 each and you can get discounts for bulk purchases. These same domains can easily give you hundreds or even thousands of dollars when you sell them.

How sales are made

It is important to buy domains that will sell easily. If you have an obscure name or one that is too long, it might be very difficult to get a buyer. A name like business.com sold for about 7.5 million. This is the type of name that you should look out for. Once you find a good name, it has to be listed for sale. GoDaddy.com, Sedo.com and eBay are some of the best places to get buyers. There are several people looking for domain names to buy on these websites.

Sometimes, it might be necessary to promote your domain by featuring it or by using advertisement. This will help you to make more potential buyers aware that it is for sale. Once you make a sale, it is very easy to transfer it to the buyer. Just follow the step-by-step process in your registrar account.

Other tips

There are other things that you have to know to earn money online selling domain names. Sometimes, it might not be possible to get the top extensions such as .com, .org, and .net. When this happens, you can check if new extensions such as .co are available. Some individuals who bought several .co domains made a lot of money when they were sold a few months later.

It is so easy to earn money online selling domain names. If you are one of the first to buy a name that represent a new technology or fashion trend, you can easily make thousands of dollars or even millions. For instance, if you were the first to buy a domain called smartphones, you would have made a lot of money.

You will have to learn more in order to become a seasoned seller of domain names but you can start with what you have learned here. A good way to get more knowledge is to visit forums such as namepros.com and dnforum.com that are dedicated to this type of online business. You will learn a lot from other people who earn money online selling domain names.

 
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