A domain name is the unique identify of an website on the internet. The most popular domain names have a .com URL extension which are then followed by .net, .org and so on.
If you’ve checked out the recent news related to the ebola crisis, you would have come across the news related to the Ebola.com domain name going for sale at $200,000. The domain name, Ebola.com was brought by two individuals back in 2008 for a mere $13,500. So by selling the domain, the individuals cashed in a profit of 1481%. Although this is not the highest amount to be bid for an domain name, it’s still an good example of how one can profit from selling domain names.
To start with, domain names are a limited commodity and this is why their value increases over time. To this date, almost all 1 to 5 lettered domains that end with the .com extension have been registered. Since the most popular domains names end up being within 5 to 6 numbers length in character, they are of heavy demand. Usually domain names that can be spelled naturally fetch good prices, however there should be a demand for the domain name, which helps to get the domain sold quickly. Otherwise you might have to wait for a long time to find an appropriate buyer for the domain name.
Now that you know about domain names and their value, here’s how you can get your own domain name and sell it at a good profit.
How to buy a domain name?
Buying a domain name is very simple but one needs to know on how to get the best deals while buying a domain name. There are far too many domain name registers on the internet right now and all of them charge significantly different from each other for domain registrations. One thing that is common between these domain name registrars is all of them offer the domain at a discounted price for the first year, however from the second year onwards the full price of the domain has to be paid annually. This is why one has to carefully compare prices across different domain registrars in order to pay less in the long run.
Some of the most reputed domain name registrars on the internet would be Namecheap, 1and1 and Godaddy.
How to Choose a Profitable Domain Name?
The next thing you have to do is to find out a list of all the domain names that are yet to be registered and once you’ve done that you need to choose the best among them. Finding a good domain name is like finding a needle in a stack of hay, which is why you will have to take the help of free domain name generator tools such as the ones mentioned in my previous article.
Using the help of these tools, you can easily find out good domain names that are yet to be registered. Now compile a list of all these domain names and carefully choose the best ones. Once you’ve chosen a good domain name, you can proceed with the next step. Here are some guidelines that will help you to choose a good domain name.
How to sell your domain name?
Selling a domain name is not an easy task unless someone is already looking for it. Sometime a domain can sell out in just a week and in some cases it may even take years to sell it. But regardless of when it gets sold, you are sure to make good profit out of it.
The easiest way to sell your domain name would be to provide a contact form on it. If someone is looking for the website, he can contact you and negotiate with the price of the domain. This way you wont have to pay any brokerage fees.
However, if you want your domain to be sold quickly and at the best price, you can list it one one of the many websites online that buy and sell domains. Listing your domain on these websites will help you to grab the attention of a large number of potential buyers but on the negative side, you will have to pay a brokerage fee.
Here are a few websites which can sell your domain for you.
Once you’ve listed your domain on any fo the above sites, its only a matter of time before some starts bidding for it. However sometimes its just best to wait for a while until you sell your domain name, as you can develop the domain and let it get ranked in google and get a PR and DA. Also maintaining a domain is not an expensive task, you just need to pay around 10 dollar per year to own it. These factors will greatly add value to your domain and allow you to make good profit out of it.
