|
This truly is the business to get into in 2005. It's 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.
Don't be put off by the term "investors". I'm not talking big
money down here. As long as you've 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.
There's a few ways you can make money buying domain
names and selling them on for profit. And I mean PROFIT.
You'll see why people will be scratching at your door to
buy off you in just a moment.
Let's 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 don't 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
didn't 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 didn't 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.
It's not just businesses that have carelessly let their
domain name that will buy off you. It's other businesses
too that will buy the name to get the old owners' traffic.
It's 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 there's 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 don't 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.
Here's 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. There's no
point buying a domain name if the previous site wasn't
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.
Definitely worth it in my eyes.
Remember you could easily sell the name for hundreds,
maybe thousands.
In part 2 we'll take a look at how you go about selling
the names once you have acquired them. But in the mean
time here's 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 it's 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
textmessage.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 it's
your turn to get your hands on your share in the billion
dollar industry of buying and selling domain names.
Until next time...
About the Author
Jonathan Streets money making weekly eZine "21st
Century Entrepreneur" is one of the hottest money
making newsletters in the world today.
He's also the author of "How To Make £5,000 - £10,000
A Month From Home". He invites you to get both for
free from his ever popular web site.
www.millionaire-enterprises.com
|
