How To Make Great Money Part Time Buying And Selling Domain Names – Part One
This is really the business to go into 2005. It's a red-hot opportunity that smart investors can kill when they know how to do it. And this article will guide you step by step in the process of making money.
Do not be intimidated by the term "investors". I'm not talking about a lot of money here. As long as you have £ 5 extra per week, you can earn a lot of money for only half an hour of your time. Like the sound of that? Thought like that.
There are some ways you can make money buying domain names and selling them for profit. And I mean PROFIT. You'll see why people will scratch at your door to buy you in a moment.
Let's start with the basics.
All domain names are only registered for a limited time. Registrars may choose to use the name for a period of between 1 and 10 years. After this, the rights over these domain names expire and the user must renew the name again. If they do not, it will be placed on hold for a short time and then it will be deleted. This means that it is available to anyone who wants to buy it!
This is where you can take advantage!
20,000 expired domain names are available every day. Some of them are very attractive and well-established names.
Example. Last year, Race.com owners carelessly did not renew their registration fee. It was captured (the term used to describe the purchase of an expired name) by an expert investor & # 39; for a few pounds and sold by thousands and thousands to the old owner.
The owner was willing to pay huge sums for the investor because he had accumulated qualified traffic for X amount of years and did not want to lose all the previous custom.
Now I admit that making a sale by thousands is rare, but it is certainly possible.
The probability is that you can buy a domain name and register it for £ 5- £ 50 and then sell it for anything from £ 150 – £ 1000. Do this with five domain names a week, and looking at a great sum of money for only a couple of hours of work.
It is not only the companies that have left their domain name without being careful to buy it. There are also other businesses that will buy the name to get the former owners & # 39; traffic. It is a legitimate way to increase your customer base.
And if the previous owner and a potential new owner enter into a bidding war … well … the sky really is the limit.
So, there are two main reasons why people will be willing to pay you a couple of hundred pounds for a domain name.
a) They let the domain name expire inadvertently. That means you'll be paid to retrieve the name to make sure you do not lose existing traffic that may have accumulated over years and years.
B) They are a business in the same field as the one that has allowed the name to expire and therefore will pay you to insure the existing custom of a rival.
Here step by step how it is about this incredibly profitable part-time business.
There are several sources of expired domain name information and research tools, some free and others that require payment of a fee.
http://www.wehavethem.com provides lists of names that will be deleted. http://Www.DeletedDomains.com allows you to do some searches for free and more widely in the search for an annual fee of $ 99. You can search for names that will be deleted and also allows you to bid on names recently deleted that have already been captured by others & # 39; Investors & # 39;
What you are looking for is an expired domain name with traffic in the last month of any amount greater than 1500. Make sure the site is a real site for the consumer. It does not make sense to buy a domain name if the previous site was not selling any product.
If you see a site that had tens of thousands of visitors in the last month GET IT. The likelihood is that previous owners will be eager to recover their name due to their obvious success.
Also, if you see a name with a large qualified traffic that expires and has a high volume of traffic, use an automatic capture system like http://www.snapnames.com and http://www.pool.com . This will ensure that at the time they are available, you will have registered them. The cost is approximately $ 60, but only if they get the names for you. Definitely worth it in my eyes.
Remember that you could easily sell the name by hundreds, perhaps thousands.
In part 2 we'll see how you're going to sell the names once you've known them. But meanwhile here are some domain names that were for sale at the time of writing this article. Now, obviously, not all names are sold by a lot, but it's a very real possibility that you can run into 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
diet.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
Profits in this business are like no other. Now it's your turn to get your hands on the multi-billion dollar domain name buying and selling industry.
Until next time …