How to Buy, Rent, or Trade Domains
It can sound like a crazy idea but some people have made money buying, selling and flipping domains. Some have become millionaires doing this. I will show you how it is done and teach you what you will need to know to get started. Here's what you need to understand:
You can't earn money in domain flipping without understanding the market. The domain name market is enormous and it gets bigger every day. Some people make their money buying up domain names that are worth less than ten bucks each. Other people make their money selling domain names that are worth more than a hundred bucks each. Either way, it's plenty of money.
Domains are sold for several different reasons. One reason is popular phrases that are in high demand. Hot topics rise in cost when people are trying to find answers to questions about the problem they have. So, popular phrases on wellness and lifestyle sites like"I hate cold temperatures" or"weight loss" or"I hate heat" will immediately get traction in the domain name's marketplace. Once they gain some momentum, they'll be hard to beat.
Another reason people buy domains would be to resell them later. Reselling domains is one of the fastest growing forms of domain reversing. A couple of years back domain names were purchased and resold with little attention paid to the marketplace. But today there are large directories such as GoDaddy and eBay, where sellers and buyers can register old and new domain names prior to making any sales. So, sellers can purchase hot domain names, register them and then quickly sell them for good profits.
If you would like to make the most profit buying and selling domains then you'll need to buy enough domain names to cover your daily usage. You must have a minimum of ten domains registered each with a recent Premium domain status. If you are planning on selling all your domain names then you'll want to do one of the following: Find a fantastic domain name search engine, enter a list of your desired domain names and run a search. If your domain name isn't available from the search results then you will need to purchase it from your hosting company.
If you will sell all your domains then you need to set aside time each day to look through and purchase any domain names you are not using. The most valuable domain names are those with no expiration dates and expired domain extensions. Once you have purchased your domain names, you will need to discover new extensions to register in order for your website visitors can access your site. New extensions cost a little more than regular domain extensions but you can generally sell your old domain names for twice the amount of new extensions.
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