This truly is the business to get into in 2005. Its a red hot opportunity that savvy investors can make a killing on when you know how. And this article will walk you step-by-step through the money-making process.
Dont be put off by the term investors. Im not talking big money down here. As long as youve got a spare 5 a week then great money can be made for only half an hour of your time. Like the sound of that Thought so.
Theres a few ways you can make money buying domain names and selling them on for profit. And I mean PROFIT. Youll see why people will be scratching at your door to buy off you in just a moment.
Lets start with the basics.
All domain names are only registered for a limited amount of time.Registrars can choose to use the name for a period of between 1-10 years. After this the rights to these domain names expire and the user has to renew the name again. If they dont do this it will be placed on hold for a short time and then deleted. This means it is then availible for anyone who wants to buy it!
This Is Where You Can Cash In!
20,000 expired domain names are made availible each and every day. Some of them are very attractive and well-established names.
Example. Last year the owners of Race.com carelessly didnt renew their registration fee. It was grabbed (the term used to describe purchasing an expired name) by a savvy investor for a few pounds and sold for thousands and thousands back to the old owner.
The owner was willing to pay huge sums for to the investor because he had built up qualified traffic over X amount of years and didnt want to lose all the previous custom.
Now I admit that making a sale for thousands is rare, but is certainly possible.
The likeliness is that you can buy a domain name and register it for 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 big sum of money for only a couple of hours work.
Its not just businesses that have carelessly let their domain name that will buy off you. Its other businesses too that will buy the name to get the old owners traffic. Its a legitamate way of increasing your customer base.
And if the old owner and a new potential owner get into a bidding war...well..the sky really is the limit.
So theres two main reasons why people will be willing to pay YOU a couple of hundred pounds for a domain name.
a) They carelessly let the domain name expire. That means that they will pay you to get the name back to ensure that they dont lose their existing traffic that they may have built up over years and years.
B) They are a business in the same field as the one that has let the name expire and therfore will pay you to secure the exisitng custom of a rival.
Heres step-by-step how you go about this fantastically profitable part time business.
There are several sources of expired domain name information and reserach tools, some free and some that require a payment of a fee.
www.wehavethem.com supplies lists of names due to be deleted. Www.DeletedDomains.com allows you to do some searching free and more extensive searching for a $99 annual fee.You can search for names that are due to be deleted and also allows you to bid on newly deleted names that have already been grabbed by other investors.
What you are looking for is an expired domain name with traffic in the last month of anything over 1500. Ensure that the site is an actual consumer site. Theres no point buying a domain name if the previous site wasnt selling any goods.
If you see a site that had tens of thousands of visitors in the last month GET IT. The likeliness is that the previous owners will be itching to get their name back off of you due to its obvious success.
Also if you see a name with a large qualified traffic thats due to expire and has a high traffic volume use an automated grabbing system such as www.snapnames.com and www.pool.com. These will ensure the second they become availible you will have registered them. The cost is about $60 but only if they get the names for you. Definately worth it in my eyes.
Remember you could easily sell the name for hundreds, maybe thousands.
In part 2 well take a look at how you go about selling the names once you have acquired them. But in the mean time heres a few domain names which were up for sale at the time of writing this article. Now obviously not all names sell for this much, but its a very real possibility that you could stumble across a gem in your business.
my.com $750,000
lovelife.com $350,000
fights.net $16,000
diet.us $35,000
askdoctors.com $7,500
dietary.info $6,000
lovemaking.info $10,000
textmeassage.net $17,000
ejobmarket.com $1,800
smokers.tv $5,000
teens.org $22,000
raregifts,com $20,000
The profits in this business are like no other. Now its your turn to get your hands on your share in the billion dollar industry of buying and selling domain names.
Until next time...
Jonathan Street
Jonathan Street is a master at making vast sums of money for very little investment.Direct mail, mail order, selling domain names, eBay...you name it - hes making money from it.Hes also the author of How To Make 5,000 - 10,000 A Month From Home. A book which he invites you to get for free from his ever popular web site.
For FREE info and to get a copy of Jonathans book go to:
Lets just take a quick glimpse at what weve done so far:
Weve used www.wehavethem.com, www.DeletedDomains.com or www.namewinner.com to locate names that are about to expire or have expired.Weve located consumer site names with a large amount of traffic in the past month. Weve grabbed them either personally or using an automated grabber to ensure we get the names we want.
That whole process has taken you less then an hour. Just a quick search to locate a name and then register it. Easy. (incidentally if you are confident that a name you have purchased is valuable, it may be worthwhile securing the .com, .co.uk, .net, .org, .info forms of the name as well. That way no one can undercut you by bofering it cheaper. And chances are the buyer will want all five names. That means FIVE TIMES THE PROFIT!
Now its time for the real exciting bit. Selling the name.
Once you have grabbed your domain name the simplest way to find a buyer is to register them in your name. This can be as little as 5 for two years. (.com names tend to be slightly more expensive the others). A simple search can put you in touch with tons of registration services.
Now your registered its time to positively market your name. You can do this in one of two ways:
The Direct Approach - Making a direct approach to a buyer is a bit tricky. You could rent a mailing list of companies who are in the area your domain names are out and send them a simple sales letter. EG. If you had www.cheapplanetickets.com you would rent a mailing list of a travel agency.
Whilst this approach does work, its both time consuming and if your sales letter isnt up to scratch your going to lose out.
So now to the way I do things - the lazy mans way to make fantastic money from selling domain names.
Using Brokers And Agents - Domain name brokers and agents will list your names on their books and try to find a buyer. They do this by either a fixed price or via auction.
As this business is fairly new ensure that you find an experienced brokers. Find out the following:
Their charges: ie commision, listing fee etc.
How many names are already on their books.
And what prices domains like yours are going for.
There is no limit on the brokers you list with if you want to increase the amount of people who see your offer.
I like to use www.sedo.co.uk or www.afternic.com. But many can be found via a google search.
You can also sell domain names on eBay. (They get just everywhere dont they!). Simply go to www.ebay.com and search for domain names. Be on the look out for any high quality names to buy as well. You see because this bsuiness is so fairly new people just dont realise the sort of money that can be made.
Once youve made the sale all you need to do is use your list brokers to act as a thrid party escrow service,. This basically means they will accept the payment for your name from whoever it may be you are selling to and then register the domain name to the new owner. All you have to do is sit back and wait for the funds to go into your account. Its THAT easy.
What Price Should You Sell At
This is a vital aspect of this business. Pitch too high and you wont make a sale. So dont get too greedy. The price you get depends on the quality of the name, how much someone else wants it and how quickly you want to sell it. If your willing to sit back and wait for a big offer then thats fine. But if like me you want to make cash in the fastest possible time the key is to selling a name at a reasonable price and with a few names a week. Itll take a maximum of a few hours strat to finish per name.
The ideal affordable price range is in the rgion of 100/500/1000. At these figures people will be scrambling over eachother to get their expired names or the names of others. Its alot easier for a company to buy back from you at these prices then to either come up with a better name or try to rebuil their traffic at a new domain name.
Now remember that your overheads in this business are so very low. If you bought a name for 5 and sold for 500 thats a profit margin of TEN THOUSAND PERCENT!!!
Theres so many reasons why I love this business.
The money to be made is incredible. Five domain names a week a would take you approx five hours. And if you even sold them at the minimum of 150 thats still 750 PART TIME.
I strongly reccomend you get into this business yourselves. Its simple, hugely profitable, and can be worked part time around a current job. Please. I ask just one thing of you. Try this idea once. Just once. Itll cost you just 5. When you see how easy it is then you can really go into it all guns-a-blazing! And if you found it wasnt for you what are you out Just five measly pounds.
Theres just one difference between those who achieve real success and those who float from day to day in relative financial obscurity. Thats ACTION. So come on. Take that vital first step to making great money from home for just a few hours a week and see for yourself why buying and selling domain names is the opportunity of 2005.
All the best in your new venture.
Jonathan Street.
J.S.T Information
About the AuthorJonathan Street is a master at making vast sums of money for very little investment.Direct mail, mail order, selling domain names, eBay...you name it - hes making money from it.Hes also the author of How To Make 5,000 - 10,000 A Month From Home. A book which he invites you to get for free from his ever popular web site.For FREE info and to get a copy of Jonathans book go to: