In this article, you will learn how to make extra income selling domain names, by using a simple way and without any technical details. This guide will help you from the start to the end about selling domain names.
First, let me tell you something about selling domain names: Did you know that the total registered domains until 2013 is 183 million? And still counting. But, those millions of domains are not all hosted, a big part of them are parked, and waiting for buyers.
How to make money selling domain names
Domain names can make you money if you’re serious. By the way, I’ve friends who live from selling domain names, they spend hours filtering their domains list to determine the best ones to invest in them. But, as with anything in life, sometimes you get a chance to find a good domain, and you can make millions from one sale, and sometimes nothing at all.
Knowing your budget is the best way to invest in domain names, you can know what type of domains you should look for. If you’re new to domain names investing, I recommend starting with a small budget to test your strategy, and understand the game.
You can start with $20 or $60. If you can invest more, you can start from $400 to unlimited, but make sure to start with a small budget before investing your hard earning.
I recommend that you focus your work with the (.com) domains only. They are the most popular and can make you more money than the others (.info…). You can get your own step by step system that will show you how to make money with domain names like a pro marketer.
Find hot keywords
To make sure that your investment will succeed, your domain name must have a keyword with acceptable traffic, let’s say 10 000 searches per month. To do that, use the free keyword tool like the Google Keyword Planner. When you find keywords with some traffic like “cars” for example, make a list of your keywords and move to the next step.
If you need a premium tool, you can use this Niche Finder software.
To obtain a domain name you have two options: To buy an existing one, or to buy a new domain name.
1. Find an existing domain name
You can search for existing domains to find a domain to start with. You can use Sedo.
Remember that you should select good domain names, with good traffic, Google page rank, back links. Just find a good domain with a maximum of 17 characters, it will be perfect if you select domain names with less than 15 characters and that are easy to remember.
As an example, you shouldn’t invest in domains with special characters like, numbers, symbols, keep it simple as possible. Domains with fewer characters and that are easy to remember, have a good chance to be sold.
For example, the domain name “apple.com” is easy to remember and clear. So, this domain worth millions, on the other side, the domain “76green-appple456f.com” is hard to remember, very long and will not be sold anyway.
You can also learn the things to consider before buying expired domains.
Find relevant domains to your keywords
After the registration with the NameCheap marketplace, you start searching for a domain, simply, enter your keyword and validate. You can see a large list of domain names as in the screenshot below.
This list is a general idea about your keyword. You can specify which domains you want, then, you can use the advanced search link, and select what you want, you can select “.com” only.
I recommend using the Millionaire Society guide for buying and selling domain names professionally.
Now, you checked all the domains list, and have some selected domains. Copy any domain that you want to buy, and go Alexa.com or any other traffic measuring site to get more details about it. You get a good idea about the domain statistics. If the domain satisfies your needs, then, go back to domain registrar and buy it. if it’s not the case, continue looking for other domains.
2. Buy a new domain name
If your domain name is still available, then you’re a lucky person, since all the major simple domains are taken. Now, register your domain your best domain registrar company, they are the best domain name registrar, and have the marketplace that you need to sell your domain later.
How to start selling domain names
Now, you have a domain name, and you need to sell it. You can make an offer with NameCheap and wait for buyers. At the same time, open Google search and put your domain name without extension, (without “.com”).
Example, if you have a domain name “lasvegascars”, search the first five Google search page, to find if there is a website or a company with a similar name. Make a list and, then, try to contact them via email and tell them about your offer.
If your domain name is good, it can by itself easily. You need to negotiate with the buyers, and listen to them first. Make sure that you negotiate with more than one buyer at once, to keep your chance to win a good buyer. It’s not necessary to make the same offer in multiple marketplaces, just use the biggest one that I’ve motioned above, and start selling domain names.