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.

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.

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!

Choose a Profitable Domain Name in 5 Easy Steps

Take Control of Your Domain Names

Do you want to make money with domain names? If so, you need to find that perfect domain name. Typing a bunch of keys and then adding a .com to the end will not do. Whether you want to develop a domain name into a profitable website, create a turnkey website to sell, flip the domain name, or monetize a parked domain, name is important. In fact, it is vital to make a profit.

So, how do you choose a profitable domain name? Continue reading on for five easy steps.

1 – Brainstorm with a Notebook and Pen

Grab a notebook and pen and start writing down domain names. Yes, you can do this on the computer or check each domain name for availability as you go, but wait. It is easier to get ideas first. Start with one domain name, such as 123samples.com. Then, immediately start thinking of variations. This is incase your preferred domain name isn’t available. In addition to later checking 123samples, try samples123.com, 1234samples.com, and so forth.

When trying to make a quick buck online, many new domain flippers are discouraged to see that a domain name isn’t available. Don’t let it ruin your train of thought. Brainstorm first.

2 – Keep it Short

Whether you take the time to brainstorm good domain name ideas or if you start checking right away, keep it short. Never buy a domain name that is more than 40 characters long. Do not make the mistake of believing that internet users only find websites by search engines. Many type the URL directly into their address bar. A search engine may find a website with a domain name of thisisaverylongdomainnameexample.com, but internet users will rarely remember it or even try to.

3 – Make it Easy to Understand

Buying a domain name that isn’t too long is important, but so is sense. Never purchase a domain that doesn’t make at least a little bit of sense. For example, do you want to create a website where you can sell your homemade dog treats online? If so, the phrases, dogs, dog treats, pets, and so forth should be used in your domain name. Variations of a company name are okay for business owners, but make sure it makes sense. Never opt for a domain name that confuses internet users more than informs them.

The only exception to this would be with domain flipping. Yes, it is best to opt for domain names that are easy to read and that make sense. These will sell for the highest amount, but you never know. If you want to try a domain name that is difficult to read or understand as a test, do it but don’t pay more than $10 for it.

4 – Choose a Profitable Keyword

As previously stated, a domain name should inform site visitors. This is important when using a website to sell a product. Even when domain flipping, keywords are important. In staying with the above mentioned example of homemade dog treats, use a keyword tracker tool to see what people are searching for. For example, frozen dog treats, dog treat recipes, and homemade dog treats are popular search phrases. Work them into a .com domain name. This increases value.

5 – Check Availability

The final step in choosing a profitable domain name is to verify availability. You can do this on a website that sells unregistered domain names or by entering the domain name in your address bar. Remember, if a domain name is unavailable, try similar variations before giving up.

What to Do With an Unused Domain Name

Online, a domain name is used to provide identity to a website. In a way, it is similar to a phone number. Those searching for information on Microsoft products, head to Microsoft.com, and so forth. Although many domain names are in use, others are not. These domain names have been purchased, but are sitting unused. For most, this is a big mistake. Why? Because there are many ways in which a domain name owner can make money. How?

If you find a domain name that is unused, research. Is that domain name a common or popular name? Can it be used to generate income through affiliate programs and pay-per-click advertising? Can it be resold for a profit? If so, contact the owner. You can do so by performing a WHOIS search. If the domain owner has their information set to public, you can see it. This allows you to set up contact and offer purchase. If the current owner is unfamiliar with computers or domain name flipping, they may not know how valuable their name is, giving you an opportunity to turn a huge profit.

As shown above, you can make money with unused domain names that you do not own by offering a purchase. This is a good approach to take, but it will be hit or miss. You may have an owner who is unwilling to sell or one who wants too much money. For that reason, focus your attention on domain names you own or intend to buy.

If you own a domain that that is sitting unused, consider flipping it. You can usually make a profit. Find a third party website that allows you to list your domain for sale, such as Sedo.com. These websites usually have a solid marketing plan in place, meaning your for sale listing will be seen. The only downside is that you are charged a fee. You can also opt for free methods of selling. Posting an advertisement on Craigslist.org, social media or ads on google or bing search are some ways to get started.

A domain name can also be used. A website with good content can make money through pay-per-click programs and affiliate programs. So, why don’t you take a domain name that you own that includes the phrase free samples and list articles about finding free samples. Pay-per-click advertisements will show offers for free samples, so your site visitors will click on them. Each time a click is made, you make money. If you aren’t a good writer, hire one.

When using a domain name, look for options. A domain name isn’t enough, you need web hosting or a platform. Blogspot.com is home to Blogger. With this, you are able to attach a domain name to a blog. This means that you use the Blogger platform for free, but still have your own domain name. This extends your profits, as you don’t have to pay for web hosting.

Domain name parking is the phrase to describe a domain name not in use. It is parked and waiting for further action. Many times, a domain name is parked when a webmaster is working on building a website. Other times, a domain name is parked when someone is waiting to flip and make a sale. Instead of having a “this site is now under construction,” or a “page not found,” message appear, have moneymaking advertisements show. Afternic, TheParkingPlace and Sedo have moneymaking programs available for parked domains.

Finally, all domain owners have the option of letting their domain names expire. Yes, this is an option, but it isn’t a good one. Why pay $10 or more for a domain name and then not use it or at least try to profit from it? Did you want to start a website about free product samples and then change your mind? Instead of letting your domain name expire, sell it. Even if you only make $5, you still don’t waste money.

How to Choose a Profitable Domain Name

A domain name is an identification marker used for IP addresses and websites. Although occasionally referred to as website addresses, domain names are so much more. When you know how to choose them and use them, they can be a profitable venture.

As previously stated, a domain name can be turned into a moneymaking tool. How? It depends. There are many ways to profit from a good, quality domain name. Parked domains, which are not in use, can be monetized with special pay-per-click programs designed for parked domains. A domain name can be purchased with web hosting and used or flipped for a profit.

So, do you want to make easy money with domain names? Whether you want to park a domain with advertisements, use it, or flip it, the name you choose is important. To profit from a domain name, a simple word or phrase will not do. It needs to be catchy, as well as meet other criteria.

Always opt for a domain name with a .com address. Yes, there are alternative address endings available including .tv, .net, and so forth, but try to avoid them. Internet users instinctively type in .com. Even in cases where they know the website they needs ends in .net, most still type in .com by habit. Dot com addresses are more profitable to use and sell.

When creating a domain name, avoid dashes. For many professionals, dashes are an easy way to get around an unavailable domain name. If your sole purpose is to flip a domain name, possibly try dashed names. Unless you are selling to an inexperienced business owner or personal website owner, your profits will be smaller. This is because typing dashes into an address bar is an inconvenience for internet users; therefore, not as profitable.

If your intent is to make money through domain name flipping or parking with advertisements, buy more than one domain name. Not only that, buy variations of the name. For example, did you hear that a new car dealership may be opening in your area? Attempt to buy a domain name before the owners get a chance. Snap up all of their options. Make it so that they can only buy from you and for more money. For example, consider LAcardealers.com, LosAcardealers.com LAcarsforless.com, and so forth.

Do not just guess on good domain names, but research them. The best domains to sell or use are those that contain popular keyword phrases. For example, Wii and eBay are popular keyword phrases now. Internet users search the internet looking for information on these subjects. If you are making money by writing on the subjects of eBay or Wii and have advertisements displayed on your website, you will get a higher search engine ranking with a good keyword phrase in your domain name. For example, consider something like SellonEbay.com.

If you intend to use a website, fill it with content, and monetize with ads, you are already familiar with keyword tracker tools. If not, perform a standard internet search. These are tools that can tell you what internet users are searching for. Good domain names will match the phrases used. Domain names with popular keyword phrases are the most profitable to flip.

In addition to researching popular internet search phrases, register domain names for popular topics. The names of popular movies, books, and people are likely already registered. Before giving up, consider variations. For example, instead of HighSchoolMusical.com, try HSMfan.com.

Finally, choose a short domain name. Never use more than 30 or 40 characters. Internet users not only use search engines to find a website, but the address bar. Most are likely to remember short names only. Those short named domains are easier to flip and profit from.

Could your Domain Name Be Bad for Business?

You have decided to start your own business online and you want to start advertising and getting potential customers to your site. Imagine being able to run your business 24 hours a day 7 days a week and never leave your house to do so.

Running a business online can be very profitable if you have the correct domain name for your business.

You don’t want to mislead your customers by advertising something that you don’t sell to get them into your store. This can lead to trouble and you don’t need that.

When you choose your domain name you may want to consider your most popular item that you will be offering and see if you can add that into your domain name.

Like if you have the name “Pens R Us” chances are your customers will know that you are selling pens, paper, and office supplies. When they need to order they can click on your site to choose from the many varieties that you carry. They may even be able to get their company logo on the pens when they order.

This is a great way to add your business product into your domain name.

If you are selling pens and office supplies and you choose a domain name such as “Paper Products”, this covers a lot of general ground and may not attract the potential customers that you would have attracted if you had used “Pens R Us”.

You need to try to be specific with your domain name in order to get it right. Your name sometimes says it all and it is all that someone will see. Choose a name that is important to your business and helps you to become a success.

Expired Domains – Can Be Profitable

It’s a sad fact, but many people start an online business and then abandon it when they’re aren’t making as much money as they thought they should be (of course there may be many other reasons why they stopped working on their online business, but getting frustrated and giving up is a common scenario). For this reason people don’t always renew their domain names when they expire, these expired domains can actually be money in the bank to the savvy internet marketer.

The biggest advantage is that many of these expired domain names actually have a website that is ranked high in the search engines and has a nice steady stream of traffic. Buying a site that has a high rank and that already gets traffic will make it so much easier for you to make money since you don’t have to invest the time to start from scratch. No matter what some of the more unethical ‘gurus’ online may try to tell you, it takes time to get your website to the point where it is getting enough traffic to be profitable.

Allowing a site to ‘age’ can help the traffic a lot as the search engines tend to like older sites more. It also allows for there to be a lot of backlinks into the site, and again, building these links is time consuming so if you can benefit from someone else who has done the work for you, you can be that much further ahead.

Another great advantage is you might be able to pick up a gem, though it’s rare, in a market that has become saturated and it’s difficult to find a good domain name. This expired domain may be just the thing but you will most likely be paying a premium for it.

That brings me to another point, while there are many places online where you can buy domains that have expired you do have to be careful to not get caught up in the moment and overpay for a site. You should be willing to spend time to do your due diligence and make sure that the domain you are interested in is actually worth the amount of money that is being charged for it.

Some of the things you should check out are the number of back links to the site, what the page rank is and how long the site has been active. Some unscrupulous people will try to make a killing on a site that is no longer in it’s heyday and not getting the traffic it once did. They will show you old stats that are no longer accurate as a way to trick you into paying more than the domain is actually worth.

If you know what you are doing and are willing to invest the time to adequately research any given site to make sure it’s still profitable, than buying expired domains can be an amazing way to get a turnkey site up and running (and making money) for you. Someone else has already done a lot of the work, now you get to reap the rewards. Have fun!

Domain Name Parking – Works For You

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.

Domains and Web Hosting – Simple Tips To Help You

Take Control of Your Domain Names

If you are a little confused about some of the terminology you are hearing online such as a domain name and web hosting, maybe I can help clarify things a little for you.

A domain name is like an address for your website (similar to the address for a house). It tells people where to go to find your website. The web hosting is more like the land that the house sits on, it’s the ‘physical’ part, the part where the actual data that makes up your website is stored.

There are several types of web hosting plans and many different companies you can buy a web hosting plan from. Most of them are very inexpensive.

For example, you can host unlimited domains with your hosting package for as little as $10 a month. You may even be able to find other places that are even cheaper and you can also get discounts if you buy long term hosting.

For most people a Shared hosting account will handle their needs. This is when hundreds of people share one server, each person gets a little bit for their websites.

Think of it like this: there is a big storage facility where you can rent one unit to store all your stuff in. Some of the bigger facilities have hundreds of units but you are only using one small portion, your unit. It’s a similar concept with a shared hosting plan.

You can also get a dedicated hosting plan, this is a better option for bigger sites that get a lot of traffic. A dedicated host means just that, you are the only one using a server, it’s dedicated to you and your sites. This is only needed if you have a huge website that gets a lot of traffic. This option is a lot more expensive than shared hosting, usually costing hundreds of dollars a month.

A hybrid of both dedicated and shared hosting is the VPS hosting. This is a virtual dedicated server where more than one person uses the server. Confusing I know, but think of it as a more expensive (with more options) version of shared hosting and a cheaper (but still with more options than a shared plan) version of dedicated hosting.

The last form of web hosting is the reseller hosting plan. This is simply a plan where you can sign up for a reseller account and get a dedicated server but instead of using the server all by yourself you can resell space on the servers and you will be the one who gets paid.

With so many options it may get overwhelming to decide which type of domain web hosting will be the best choice for your business. For the most part, starting small with the shared hosting will handle most of the needs for the small to mid size internet business. As you grow and get more traffic (and have more money) a dedicated or VPS site may make more sense. But for now, shared is probably your best option.