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.