Buying and selling domain names is an exciting adventure. Stories abound of domains that were purchased for $8 dollars 15 years ago being sold today for millions. “How can we do like that?”
These are tips for buying and selling domain names for a profit you can navigate to becoming an expert.
1. Narrow your focus: Think about some of the spaces you are most familiar with and start your domain name search based on the related keywords. Understand your audience and the sales will eventually follow. You can keep a domain for 10 years before having to renew it and still sell at a considerable profit. While you are waiting for it to sell you can monetize the domain and throw in some SEO.
2. Find names that offer real value: Picture someone who would benefit from buying the domain in a space you are very familiar with. If this was you and someone was trying to sell you this name, would it be beneficial for you to own?
3. Check domain availability: First, check to see if the names are available to purchase as new registrations. If the names are taken, head over to the aftermarket to buy from people who already own the names or who let them expire because they no longer plan on using them.
4. Evaluate the price: You may be able to avoid a bidding war and still get it for a price within your budget. For a seller, stay firm on a price but also open your auction up for offers above a certain price. Also, look for businesses with a similar domain or businesses that would like to acquire your domain because it reflects their branding.
5. Get your domains front and center: Pick a place that has good ratings with recognized bodies such as the Better Business Bureau or licensing from a trusted government source. This will make it easier for the buyer to pull the trigger on the domain purchase as well knowing they can trust the brand that is selling the domain.
Patience and persistence are key when buying and selling domain names. Buying and selling domain names is a skill in which you can become proficient. With these five tips, you will soon be on your way to making profits in the domain name world.
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Original video clip How to Buy and Sell Expired Domains for a Profit