How To Make Great Money Part Time Buying And Selling DomainNames - Part One
This truly is the business to get into in 2005. It's a red hotopportunity that savvy investors can make a killing on when youknow how. And this article will walk you step-by-step throughthe money-making process.
Don't be put off by the term "investors". I'm not talking bigmoney down here. As long as you've got a spare £5 a week thengreat money can be made for only half an hour of your time. Likethe sound of that? Thought so.
There's a few ways you can make money buying domain names andselling them on for profit. And I mean PROFIT. You'll see whypeople will be scratching at your door to buy off you in just amoment.
Let's start with the basics.
All domain names are only registered for a limited amount oftime.Registrars can choose to use the name for a period ofbetween 1-10 years. After this the rights to these domain namesexpire and the user has to renew the name again. If they don'tdo this it will be placed on hold for a short time and thendeleted. This
means it is then availible for anyone who wants tobuy it!
This Is Where You Can Cash In!
20,000 expired domain names are made availible each and everyday. Some of them are very attractive and well-establishednames.
Example. Last year the owners of Race.com carelessly didn'trenew their registration fee. It was grabbed (the term used todescribe purchasing an expired name) by a savvy 'investor' for afew pounds and sold for thousands and thousands back to the oldowner.
The owner was willing to pay huge sums for to the investorbecause he had built up qualified traffic over X amount of yearsand didn't want to lose all the previous custom.
Now I admit that making a sale for thousands is rare, but iscertainly possible.
The likeliness is that you can buy a domain name and register itfor £5-£50 and then sell it on for anything from £150 - £1000.Do this with five domain names a week, and your looking at a bigsum of money for only a couple of hours work.
It's not just businesses that have carelessly let their domainname that will buy off you. It's other businesses too that willbuy the name to get the old owners' traffic. It's a legitamateway of increasing your customer base.
And if the old owner and a new potential owner get into abidding war...well..the sky really is the limit.
So there's two main reasons why people will be willing to payYOU a couple of hundred pounds for a domain name.
a) They carelessly let the domain name expire. That means thatthey will pay you to get the name back to ensure that they don'tlose their existing traffic that they may have built up overyears and years.
B) They are a business in the same field as the one that has letthe name expire and therfore will pay you to secure the exisitngcustom of a rival.
Here's step-by-step how you go about this fantasticallyprofitable part time business.
There are several sources of expired domain name information andreserach tools, some free and some that require a payment of afee.
www.wehavethem.com supplies lists of names due to be deleted.Www.DeletedDomains.com allows you to do some searching free andmore extensive searching for a $99 annual fee.You can search fornames that are due to be deleted and also allows you to bid onnewly deleted names that have already been grabbed by other'investors'.
What you are looking for is an expired domain name with trafficin the last month of anything over 1500. Ensure that the site isan actual consumer site. There's no point buying a domain nameif the previous site wasn't selling any goods.
If you see a site that had tens of thousands of visitors in thelast month GET IT. The likeliness is that the previous ownerswill be itching to get their name back off of you due to itsobvious success.
Also if you see a name with a large qualified traffic thats dueto expire and has a high traffic volume use an automatedgrabbing system such as www.snapnames.com and www.pool.com.These will ensure the second they become availible you will haveregistered them. The cost is about $60 but only if the
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3.22 Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."
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