How to Earn Money from Domain Trading in Easy Steps
Do you know that some investments can fetch you 100% profit? If not, then probably you haven’t heard about earn money from domain trading. This is one of the convenient ways to make money online without any investment. In today’s era where technology is taking turn day by day, a new website launches every day. There are near about 1.8 billion websites in the world. Do you know how difficult it is to get a perfect name for your domain? Yes, it is really difficult, because mostly the domain name that you might be looking for is already been purchased by someone else and now you have to come up with some different idea, which indeed is not an easy task.
Attraction is behind which everyone runs. Choosing a domain name which looks attractive, that is it looks simple and easy to remember is a really difficult task. Choose the domain name in such a way that it gives a quick idea to the reader about the topic or about what it deals with. And every time when the user hears its name he should feel as if he has heard about it before, this helps in building the popularity of domain.
Domain trading basically deals with purchasing the domains with easy names and purchasing the expired domains. Purchasing domains at lower cost and then selling it at high cost is termed as domain trading. In domain selling the rights of the domain are sold from one person to another.
Here are the some domain trading examples that was sold out in good price:
You will not believe that a domain name can be sold for $1,000,000. For example, Hotels(.com) was sold for $11,000,000 in the year 2001, Business(.com) was sold for $7,500,000 in the year 1999, candy(.com) was sold for $3,000,000 in the year 2009, fund.com for $9,000,000, internet.com for $18,000,000. These are some famous websites. But even some other websites that have some easy to remember and to the point name can also be sold for about $1,000. I don’t think that’s a less amount.
Now you must be curious to know how can someone earn money just by purchasing and selling domains. Well, there are a couple of ways that can help you earn money from domain trading.
Make a list of popular domain names
Research first. Make a list of those domain names that are most searched. Keep an easy and generic name of the domain, that should be relatable to the topic. Short and simple names are easy to learn. People mostly remember those domain names that have daily used words, and give direct meaning. Common words are remembered the most. Give generic, geographic and business names. Just like domain names, even domain extensions hold value in a domain name. The most popular domain extensions that are widely used are .com, .in, .net, .org. Some other domain extensions might be cheaper to sell and won’t fetch much profit. So being on the profitable side look for the most popular extensions. Purchase those domains that have above-mentioned qualities.
Check whether that domain is available or not
You might have decided the name of your domain and made a huge list of names. But the problem arises whether you will get that domain or not. You will have to check whether these names that you have decided are available to be sold as new registrations. For checking so visit GoDaddy.com it will display a search bar. Out your domain name over there and click on search option. It will let you know whether the domain name is taken or available.
Existing domain names
Domain trading also includes smart work. Well, almost every business is based on smart work along with hard work. To earn more you need to keep track of existing domains. If someone is willing to sell a domain for his or her own reasons purchase it after researching about its demand. Make a negotiable deal with the seller. Don’t think that purchasing other people’s name will take you in vain. This comes under business and business includes risks.
Purchase expired domains
Every day hundreds of domain names expire. The reasons are maybe the owner forgot to renew it or maybe he is not interested in that domain anymore. Take it as an opportunity because these domains might have some ranking. You can search for such domains to have complete information about their popularity. Websites like ExpiredDomains.net have complete data of expired domains.
Register yourself in various auction sites
Once you have purchased a domain and reserved its rights. Look for buyers to sell it. Register yourself in various domain auction sites like the most popular GoDaddy.com and bluehost.com. Some more domain selling websites are web.com, 1&1 IONOS, WebHostingPad, JustHost, etc. On these sites, you can sell your domain at a good price. Millions of people visit GoDaddy.com every day to purchase a domain of their choice.
Create a website for your domain
The domain is not all about purchasing a domain and put it on sale. You have to attract customers to purchase it, which is only possible if the domain has a website that people would want to acquire. A good website will be able to gather traffic, which will increase its market value, giving it a good rank on search engine. Moreover, you can indulge in affiliate marketing while waiting for someone to purchase your domain. You can add affiliate links by signing up with top websites that offer affiliate marketing like Amazon, eBay, Flipkart, Bluehost, etc, which will fetch you a good amount of money.
Decide a price
Visit various buying and selling domain sites to know the latest price of domains. It will help you in deciding the price of selling. Some sites also evaluate other sites and give them feedback which also helps in deciding its value. You can compare the price that you have decided with the price of domains that have been sold. You can also set up the cost of the website on the basis of GoDaddy domain appraisals.
Setup a payment system for sending and receiving money. This will help you in paying your taxes as well as receiving money from the buyer who is interested in your domain. You can use various international payment sites like PayPal, Payoneer, Payza, Skrill, etc. The best of these is PayPal. It is a trusted international payment site and app that offers to send and receiving money. Also, your old transactions can help you keep track of your profits and losses.
Set your domain on sale
Once you are clear and comfortable with this business and decided a price for your domain, you can put it on sale. There are various sites for selling domain like GoDaddy, Bluehost, Sedo. Go for the best that is GoDaddy. Register your domain there for sale. People out there have no idea about your domain so it will take a lot of time for your domain to be sold. In that case, advertise your domain which will attract customers. Be an active worker. You can also search for various buyers on domain selling and buying websites, sent them messages and emails inviting them to visit your website and purchase it.
Work of a domain trader is not an easy task to earn money from domain trading but definitely a profitable business. He has to be patient because in a world where exists 1.8 billion websites selling a domain is not so easy. He has to keep working on the domain, build it into an attractive website. Domain traders purchase a domain and wait for the time when the value of that domain increase in order to make a profitable deal. They have to put advertisements of the websites and by the time someone purchases if they have to keep paying the tax for that domain. Domain trading requires investments first.
Readers, If you have any query and need help about earn money from domain trading, can comment here. Also please give your feedback, if the article is helpful.