Making Money with Domain Names: Avoid Losses

Do you want to make money with domain names? If so, you will be pleased with your options. You can buy a domain name and sell it, make money through a parked domain, act as a broker to assist others with selling, or use a domain name to create a profitable website. With so many options, it is easy to make money with domain names, but there are some risks.

All moneymaking opportunities have some risks whether it be the buying and selling of domain names or pet food, risks are always involved. Despite the possibility of risks, there are steps you can take to ensure you make money with domain names not lose it.

As previously stated, there are many ways to make money with a domain name. To reduce loss and increase profits, choose your approach wisely. For example, you can turn a domain name into a website, park it with ads, or flip it for sale.

Using a domain name is risky, but it is one of your most profitable options. By creating a content driven website with advertisements, you generate income overtime. This income is residual income. So, you may make $1,000 selling a domain name, but you could make $10,000 in five years with a functioning website. The only downside to this approach is the time that is required for website development and marketing.

Parking a domain name is common practice. When a domain name is purchased, but not in use it is parked. If you want to make money with parked domains you need to find a moneymaking program. For example, Domain Sponsors for Domains allow you to setup an account and display pay-per-click advisements. When these advisements are clicked, you make money.

Internet users typically happen on domain names for sale by chance. Without content most have poor search engine ranking. If you have a domain name that is easy to find by chance, you are likely to earn more money with pay-per-click advertising on a parked domain. If not, you should only use domain name parking as a temporary solution. Use it until you decide to sell your domain name or create a website to accompany it.

As previously stated, you can sell a domain name you own. This process is referred to as flipping. Domain name flipping has the most risk, but it also has high earning potential. Your best chance for success is to choose a catchy domain name that someone will need in the future. Think of future movie names, business ideas, book titles, and so forth. By holding onto these domains, you may be approached by a buyer willing to pay big bucks. On the other hand, you can take a domain name and use a third party website to flip it right away, but the profits will be smaller.

To reduce losses and increase profits with domain names, knowledge is vital. It is easy to turn a content driven website into a moneymaking machine, but only if you are familiar with search engine optimization and ad placement. In terms of domain name flipping, research names to find the best. Don’t just choose any name like ajskfjsldfj.com. Choose a name that someone will want to buy from you.

Regardless of how you make money through domain names, choose a short name. Since internet users not only find websites by internet search but also by typing in the address bar, short names are in demand. Avoid using long phrases.

If you opt to flip a domain name, know what sells the best. In most instances, they are the names of movies, books, celebrities, business, and annual events. Professionals will register a related domain name well in advance, but there are no guarantees. This is your chance to make a huge profit. Hear of a new business opening in the area? See if the domain is available for sale. If so, buy it. The business owner with a purchase offer may approach you or you can attempt to make the sale independently.

What is Domain Name Flipping and How Can You Profit

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Have you ever wanted to build a website? If so, you may have been met with disappointment when you learned that your preferred domain name was taken. What did you do? Most individuals will move on and choose another name. On the other hand, some will make a purchase offer, which can be very high. How does that impact you? Right now it doesn’t, but it could.

If you want to make easy money online, you need to familiarize yourself with the phrase “domain name flipping.” Domain name flipping is used to describe the process of buying and reselling a domain name. The average internet user thinks nothing of this practice. This is because most are unaware of the earning potentials.

So, how does domain name flipping translate into income?

Say you live in Los Angeles California. A business owner decides to start a business selling handmade clothes. They need a website. Not only can a website drive traffic to a brick and mortar store, but generate online and phone orders too. It is rare for a business owner not to have an online website these days. So, what does this mean? It means they start building a website, but first they need a domain name.

Most business owners will opt for a name that is their business name or a slight variation. For example, the above mentioned business owner may want the domain name LAhandmade.com. Since there are millions of websites on the internet, most good domain names are already in use. This means that the business owner in question may be unable to use their business name or a slight variation of it. Unlike an individual wanting to start a personal website, a business owner rarely gives up. Most will make a purchase offer.

Since business owners are the ones who are likely to pay the most money for a domain name, it is important to choose your name wisely. Don’t just head over to a website that sells domain names and type in a bunch of letters. Instead, be creative. Think of catchy business names for plumbers, salon owners, and so forth. A catchy domain name is one that is likely to sell for a large profit.

In addition to just guessing, use research to your advantage. Is their a new building being built in your hometown? Why not stop by for a quick conversation with a construction worker. Ask what is being built. Business that operate on a national level typically reserve domain names in advance, but not small business owners. Get the name and head home. See if the business name or slight variations of it are available with a .com address. If so, buy it. You will pay as little as $10 on average.

As previously stated, a business owner who wants a domain name is likely to make a purchase offer. For that to happen, they need to know how to find you. Make it easy. Do not hide your association with your domain name by using a common cloaking service. Make it easy for potential buyers to find you.

If you have good customer service and selling skills, approach the business owner. Let them know you are the name owner and that you will offer them a discounted price. Of course, don’t let it be too much of a discount. If you suspect a business owner is willing to pay $10,000 for a domain name, don’t offer more than a $500 discount.

In addition to waiting for someone to approach you to buy your domain name, start generating ideas. Did you know that many people turn to the internet to research business names? Give them ideas and let them know that the domain name is available for sale. As previously stated, many are disappointed when their business name or variation isn’t available in .com format. Some business owners research domain names before choosing a name. By knowing they can make the purchase, many do.

5 Ways to Profit from Domain Names

In today’s struggling economy, many individuals worry about their jobs. To minimize income loss, some are turning to the internet to make extra cash. Although most turn to eBay.com, there are other methods of making money online, like with domain names.

So, how can a simple domain name, like EXAMPLE.com, turn a profit? In at least five different ways!

1 – When Parked with Advertisements

A parked domain name is one that has been purchased, but not yet used. In most cases, the owner is waiting for the perfect time to flip or sell the website. Domains also sit unused while webmasters contemplate development. Current domain owners are urged to join a parked domain monetizing program right away. Current parked domains lose money everyday that a “page not found,” message appears. Current domain owners stand the best chance of making money, but anyone can buy a domain and park it with advertisements.

2 – When Sold

As previously stated, domain name owners occasionally use parking advertisements to make money before a sale. This is because a sale can happen in 24 hours or not for 2 years. It all depends on the approach taken. Those who have a profitable domain name, such as Pizza.com can make a lot of money. Aside from outright selling, domain owners with quality names are approached with a larger purchase offer. For average to poor quality domains, such as makemoneynow23.com, a third party listing website is the best method of selling.

3 – Develop It

Domain names themselves are best sold for a profit. Domain names combined with a web hosting package are best used. A website can sell a product, service, or generate income through pay-per-click advertisements and affiliate programs. A website needs a solid marketing plan and search engine friendly content, but it is easy to generate income. Developing a domain name and website is best for those who can wait, as it does not produce immediate cash. Instead, profits are generated overtime.

4 – Create a Turnkey Website

As previously stated, a domain name has the potential to be profitable overtime. Those who have the ability to market, write content, and design a website can gain an immediate profit by sale. A turnkey website is a website that is ready for immediate use. All buyers need to do is add their own products, affiliate banners, or pay-per-click advertisements. Websites are advertised for sale on internet marketing forums, third party listing websites, and with for sale messages on the website.

5 – Help Others Sell Domain Names

As domain name selling and flipping increases in popularity, many internet users try the opportunity. Unfortunately, most lose money or barely make a profit. Of course, it depends on the domain name, but even quality names are being sold for $500 when they could easily sell for $1,000. Those with experience flipping domain names for a substantial profit can assist others. Brokers charge fees in the format of monthly listing fees or sales percentages.

As highlighted above, there are at least five ways to profit from a simple domain name. Those interested in trying this moneymaking opportunity are encouraged to get started. As previously stated, domain name flipping and turnkey websites are increasing in popularity. Now, they are an easy and unique way to make money, but they won’t be for long.

Domain Names: Sell or Use?

Did you just purchase a domain name or do you want to? If so, you will be faced with a big decision. That decision is to sell your domain name or use it. So, which approach should you choose? To make the best decision, there are a number of important factors you should first examine.

Ease

In terms of ease, selling a domain name is the easiest. Why? Because it can be done in as little as two steps. Step 1 is to buy a domain name. Step 2 is to sell it. If you want to maximize your profits, research is required. For example, investigate to learn the name of a new business before it is shared with the public and register a domain name with it. To make big profits with domain name flipping, don’t just chose any name.

As for using a domain name, it does require more time and work. Not only do you need a domain name, but you need a web hosting package. This is what allows you to display content, pictures, and video on your website. Not only that, but you can display advertisements. This is how you make money with the use of a domain name.

Costs

To sell a domain name, you may turn to a third party website. These third party websites make money by charging fees. You may be charged a percentage of the selling price or a monthly listing fee. Choose your website wisely. You want a third party domain selling website that is proven successful, but one that has affordable costs. The less you pay in related expenses, the larger the profits.

A cheap way to flip a domain is to do your own selling and marketing. For example, list your domain name for sale on Craigslist.org or another online classified website. Most are free to use.

As previously stated, you need a web hosting plan to use a domain name. This costs money. Always price compare to find the best deal. You can pay as much as $40 a month or as few as $4 a month for web hosting.

Time

In terms of domain name flipping, the process can take time. In fact, it can take a year or more. This means that you may have to renew the domain name once or twice before making a sale. Even if you must pay $20 over the course of two years, you are still able to make a profit when you sell the name for $1,000. The most time consuming part of selling a domain name is advertising.

In terms of using a domain name, time will depend on which approach you take. Do you want to do your own writing? If so, it will be a time consuming process. Content is needed for search engine ranking. It is what draws readers in and leads them to click on your advertisements. If limited on time and if you have financial resources, hire a professional writer. All you need to do is sit back and watch.

Profits

Your profits when selling a domain name will depend. Do you have a good name or one that is in demand? Does a business want it? If so, they may pay more. A bad domain name can sell with a profit of only $10, but a carefully selected name could easily sell with a profit of $1,000 or more!

In terms of using a domain name, profits will be slow. Some experts say it takes an average of 6 months for a website or blog to generate income. It depends on the domain name, website content, and frequency of updates. Although profits may be slow coming in, you make money overtime. By relying on affiliate programs and pay-per-click advertising, you could easily make $5,000 a year. In the long term, you are able to generate more income with use than flipping.

Three Ways to Profit from Domain Names

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When most internet users hear the phrase “domain name,” most don’t blink an eye. This is because many are under the belief that domain names are pointless unless you want to build a website. In some aspects this is true, but not if you want to make money online.

Did you know that there are at least three ways for you to make money with domain names? Most are surprised to hear this. So, what are those three ways?

1 – Domain Name Flipping

Domain name flipping is a phrase that is used to describe the process of buying and reselling a domain name. It is similar to real estate flipping. An investor buys a house and then resells it for a profit. With domain name flipping, a domain name is purchased and then resold for a profit.

So, how do you flip a domain name? The first step is to buy a name. When doing so, choose wisely. Names that are short and contain a popular word or phrase are the most profitable. You will also find many alternatives, including .com, .tv, and .biz. When possible, opt for a domain name ending in .com, as they are the most profitable.

Next, you need to sell the domain name. Most opt for a third party website, such as SEDO. You create a listing highlighting your domain name, its benefits, and the asking price. Interested buyers will approach you with an offer.

To make the biggest profit, avoid bidding websites, because with most you need to sell to the highest bidder, no matter how little the final selling price.

2 – Use

Another way to make money with a domain name is to use it. In this instance, you need a web hosting plan. Web hosting is what allows content, pictures, and video to display on a website.

When creating a website, remember that your goal is to not create a “pretty,” website, but one that can make you money. For that reason, take a popular topic, such as Christmas shopping or shopping on a budget. Write articles on the subject and post to your website. If inexperienced with writing, opt for a professional web content writer.

The next step in making money with domain name use is to find moneymaking programs. These programs include pay-per-click programs, such as Google AdSense, and affiliate programs, such as LinkShare.com. Incorporate advertisements into your website and wait for the money to start rolling in.

As previously stated, a website needs content. Content that is optimized for search engines will result in organic clicks. To maximize profits, not only rely on search engines, but other marketing tactics, such as article directories and social media.

3 – Turnkey

As previously stated, it is easy to create a website out of a domain name. That website can generate income through affiliate programs and pay-per-click advertisements. Unfortunately, this process is not easy. It can take a webmaster six or more months before they start seeing profits. If you don’t want to wait that long, sell.

When selling a website that not only has a domain name, but content as well, that website is known as a turnkey website. A turnkey website is one that is ready for immediate use. As soon as the transfer is made, your buyer can place advertisements on the website and generate income.

To sell a turnkey website, use a third party site that specializes in the buying and selling of domain names, turnkey websites, and more. This specialization will work to your advantage. It means contact with buyers without you having to lift a finger. In all, you spend about 10 minutes creating a listing. It doesn’t get much easier than that. Also, put a bold message on your turnkey website advertising sale.

As you can see, there are at least three easy ways to make money with the use of domain names. These approaches are just a few of your options, but they have the potential to be the most profitable.

Domain Names and Search Engine Ranking

Does the length of your website’s domain name registration affect search engine optimization and results?

Should you renew your domain name for a long period of time? And if so, how long is long enough? If you want to stay ahead of your competition, then you might consider looking at the length of time your competitors have registered their domain names. If your competitors have generally renewed their domain names for one or two years, you might consider registering your domain name for 5 or 10 years. While putting off your domain name’s expiration date might help your search engine rankings, keep in mind that this may be only a small victory when it comes to search engine rankings.

Its good business sense to register a domain for at least 10 years. You don’t want to deal with the process of renewing them every year. It’s best to obtain the domain names that you want to keep for a while and renew then on a 5 to 10 year plan.

If your domain name expires, there’s a good chance that someone will register your domain name immediately after it expires. If, for whatever reason, you don’t renew your domain name, someone watching a ‘watch list’ of expiring domain names will try to capitalize on the online business that you’ve built over the years. They know that there is potential website traffic they can have simply by renewing your old domain name. By renewing your domain name for several years, your domain name won’t expire for a while, and it won’t be opened up to expired domain name buyers.

If you really want to stay ahead of the competition, you might consider registering or renewing your domain name for 100 years. Currently, Network Solutions is the only registrar offering the 100 year option, which costs $999.00 , they also have a twenty year option. At other domain registrar’s you can renew or register a domain name for up to ten years.

Yes, you can lose critical positioning in the search engines if you don’t reregister your domain name in time. You may have to start the SEO process all over again!

Buy Domain Names For A Profitable Online Business

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Step one to setting up a profitable online business is to buy domain names unique to your business. If you’re just setting up a personal blog to share vacation pictures with family and friends then you don’t really need to have your own domain name if you don’t want to. Even if you decide you want a domain name, you can just use your own name or some variation of it and that will work out just fine.

It’s not quite that simple, though, if you’re buying a domain name for an online business ( don’t panic, it might not be as simple as just choosing your own name, but it’s not hard either). The point is that if you’re building a business online one of the most important things you will need to do is to drive a ton of very targeted traffic to that website and what better way to do that than to have a domain name that is an actual keyword?

Let me explain. Let’s say that your website is going to be about golf, more specifically you are selling an instruction video on how to perfect your golf swing. You’ve done the keyword research and you’ve found that many people who are searching online for information on how to improve their golf swing type in the search phrase “golf swing instruction”.

If there are thousands of people every single month that are using the keyword phrase “golf swing instruction” to do their search, what do you think would happen if you used that keyword for your domain name, GolfSwingInstruction.com? Yep, you’d get a ton of highly targeted free traffic just because you made your domain name a highly searched for keyword.

If you can get the .com version of a name do so, but if not you can use a .net or a .org and still get good results. Once you’ve got your desired domain name picked out (you should actually start with a long list of possible names since many of them will already be taken), you can head over to websites like NameCheap, CrazyDomains or RightBiz.net and register (buy) your domain name.

It’s an easy step by step process (just make sure you pay attention because these sites like to try to get you to buy other things during the checkout procedure and if you’re not paying attention you may end up buying similar domain names or other upgrades that you really don’t need) and when it’s through you will be the proud owner of a new domain.

Domains are pretty cheap, you can pick up a domain name and own it for as little as $10 a year. You can choose to register the domain for longer and with specials your per year investment could be even cheaper.

The actual process of paying for the domain name is easy, the most time consuming part will be to find just the right domain name for your business, it’s not hard but it is important that you don’t get impatient and skip this step. As I explained above you want to buy domain names that are highly searched for keyword phrases. That is the best way for your business to get a lot of very targeted traffic and that is the best way to get a lot of money with your online business. The Keyword Researcher is a good product to help you with getting the right keyword/phrase for your business or product.

Domain Name Parking – Works For You

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More people are turning to the internet to make money, they are also snapping up domain names like crazy. For that reason, if you have a certain niche market you’ve been thinking about, it may be a good idea to buy your domain name now, even if you can’t get to it right away, so it’s not already taken when you want it. You may actually be able to earn a little money while it just sits there if you use domain name parking.

Once you’ve bought your domain name it can just ‘sit’ idly by and do nothing, or you can register with a domain parking site. This will allow you to place ads on your parked domain and potentially make a little revenue for you until you’re ready to build your niche website.

One thing to keep in mind though is that unless you have a very highly searched for domain name, your site isn’t going to get much traffic and it won’t generate many sales so the cost of a domain parking service may not be worth it.

In that case you may just be better off keeping your domain parked at the place where you registered it. If you do want to try to make some money from your domain and you have a great domain name that gets a lot of traffic every month, you have to be careful which domain parking service you use.

You want to make sure that you get a fair share of the revenue generated by the ads on your site. You also want to be able to generate your own landing pages so you can optimize your click through rate and make more money.

Domain parking can provide you with a nice additional monthly income. If you are able to register your new domain name (one that is a very popular search term) or you may even be able to pick up an older domain name that someone has let expire, in either of these scenarios you might be able to make some nice money every month.

Do not make the mistake of thinking that all domain parking companies are created equal. Make sure you do your research so you can get the biggest cut of the click through rate (CTR) possible. To get the most out of your domain name keep your landing page and advertisements very targeted. If your domain name is golfballs.com you might not want to include ads that are not about golf balls.

Some people have actually built whole online businesses around finding great domain names and parking them. They don’t just buy a site and park it until they can get to it, they buy a domain name based on the number of monthly visitors it will receive and then they place ads on the site and do everything they can to optimize the click through rate… that is how they make money.

Whether you buy a domain name and want to earn a little money until you can get to it or you buy a domain name with the express purpose of using a domain name parking service to make money from it, there are a lot of companies around and you should choose one carefully. You’ll find a list I use in my last blog post here.

3 Tips To Buying Domain Names

To truly own and control your very own online business you need to start with a domain name, and that’s why despite all the free resources online you should buy domain names… as many as you can, though just like all investments, not all domain names are going to be equally valued, some will be worth more than others.

You can register your own company name, but to pick out a good domain name, which will enhance not only your business and how much you could sell the website for down the road, but also to help your site be found through search engines, is something of a science. Here are a few elements you should consider when you buy your domain name:

1. The first thing you need to do is to identify the niche your new website will be in. What product or service will you be promoting? Once you’ve figured that out you should do keyword research to find a list of great keywords that get a lot of searches every month. Those keywords should be the domain name. For example, if my site was on dog grooming and I found a great keyword: dog grooming clippers. Than I would try to get a domain name something like: dog grooming clippers.com.

This is a great way to get a lot of traffic to your website for free. Why? Because you already know from your keyword research that the term dog grooming clippers gets a lot of monthly searches, so many of those searches will be sent right to your website since that is the domain name. This one step can help you get a lot more targeted visitors for free.

2. There are a lot of places online where you can buy domain names. NameCheap, RightBiz.net and CrazyDomains are three of the most common, and one’s I’ve personally used. If you want to find more just visit some internet marketing forums and ask for opinions, or do a search. Domain names are inexpensive usually around $10 a year at the most. Many sites offer sales or multiple domain discounts.

3. There is a lot of conflicting opinions about whether or not you should get any domain with a different extension such as .net or .org for example. Personally, I will use a .com, .net or .org. I’ve found that any of them work very well for my needs and .net are quite cheap. You’ll have to find what works best for you, but you need to remember something: many people will say that customers will forget a long URL or a different extension, which is true, but how do you target the majority of your customers?

If you aren’t handing out business cards and expecting them to type in the domain name then it’s not such a big issue. Most of the traffic I get is either from searches or from online marketing and in all cases my website visitors just have to click on a link which is why I think having different extensions hasn’t had a negative impact on my business.

Take the time to establish your internet presence, don’t get fooled into thinking that going the ‘free’ route with a free blog is the best way to go. If you don’t buy domain names and rely solely on the free services you don’t actually own your own online business and you don’t present a professional image.

Tips On Buying Domain Names

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Want to know what the steps are to buy domain names? Having your own domain name and your own website is by far the best way to start an online business. When you have a domain name and a website it’s like ‘owning’ your own piece of online real estate. It gives your business credibility and it allows you the control you need to run your business as you choose.

Many people, especially when first starting out, mistakenly think that they can put up a blog or website for free at places like WordPress.com or Blogger.com and that is the same as getting their own domain name.

Unfortunately, nothing could be further from the truth. when you go the free route, you don’t own anything and you don’t control anything.

If the company who is hosting your blog decides that they are going to change some rule and then find that you aren’t in accordance with the new rule, they can just pull the plug on your blog. They don’t have to warn you, it’s theirs and they can do what they want.

It also presents a less than professional image to any visitors that may visit your free website. You want to create credibility and look professional. Neither of those things is achieved with a free site.

So, hopefully I’ve got you convinced that owning your own website is important, now I will walk you through the steps to buying your first domain name.

  1. Figure out what your website will be about. Are you selling products or services related to birds, golf, online business, pets, etc.
  2. Once you determine what niche your business will be in, you need to find a list of keywords related to that niche. A long list of highly targeted and highly searched keywords is what you are looking for.
  3. Take your list of keywords to an online domain registrar, there are dozens, https://rightbiz.net/register-domain-name.html is a good place to start. Plug in your keywords until you find one that is available.

For example, if you are building a business about bird watching and you’ve found that the keyword “bird watching for beginners” gets a lot of monthly searches, than you plug that in to see if the domain name “BirdWatchingForBeginners.com” is available. If so – great, if not – keep looking.

The more competitive the niche the more time it will take to find the right domain name since many of the keywords that you are using will already be taken.

If possible, use a .com extension but if you just can’t find a .com but you can find a .net, I would go for it. I’ve used both and have gotten great results with either. This is especially true if your domain name is a really great keyword.

Also, try to avoid using other words if possible. If the most searched for keyword on your list is “bird watching tips” it’s best to use only ‘BirdWatchingTips.com” but if that’s not available you can still get good results with “BestBirdWathcingTips.com”.

It’s not quite as good, but it’s better than using a less popular keyword for your domain name. As long as the keyword itself is intact, it won’t hurt you to add a word before or after your main keyword.

It’s easy to buy domain names, what becomes more of a challenge is to buy the right names, these tips will help you get a great name for your business.