Make Money Online 23
Make Money Online Selling Domain Names
Most people will tell you they have struggled for many years to make money online.I have been no exception to this rule struggling to make money with with data entry clerk programs, only to find one scam after another. I can’t begin to tell you how much money and time I have wasted trying to make money online with this type of home business opportunity. Everyone wants to take your money up front (they call it set-up fee or account fee) and then they’re gone. Just like ghosts. I hear that there really are honest data entry positions on the Internet, however, I’m just going to give up as I found a better way to work my home business.
I have come across many different ways to make money but this one particularly took my interest. Who would have thought that you could make money online from names? With the advent of the Internet, industry regulars slowly realized the gold mine sitting literally under their fingertips in the form of domain names. These days, buying and selling domains has become a real business, with some highly sought-after names selling for five-digit figures. The domain name ClearDay.com, for example, reportedly sold for $60,000 while Mercury.com made a lot more — $700,000. Think there’s a market out there for your domain name? Here’s how you can make money online from a name:
Do a search on domains that have a potential or those that have shown some sort of following in the past few months. Look for names that have registered a minimum of 1,500 to 2,000 hits 30 to 60 days prior to your search. If you’re willing to pay more, look for domains that have registered five-figure hits because that’s an assurance that these domains already have a strong following. You can either sell the domains back to their former owners or have interested parties bid on them. Either way, you’ll profit and make money online from your efforts.
Because of the obvious time constraints, you can’t always spend hours online searching for domains to buy. Try online grabbing systems that let you automatically bid on domains you’re interested in. Sites such as Pool.com and Snapnames.com are just two of these sites. You’ll pay them a fee if they successfully grab the name on your behalf. Before you can sell your domain, you have to be registered. That’s how you can be ‘legally’ recognized. Getting the name registered also bestows upon you the right to claim it and if you wish, sell it later.
Registering a domain name may be done for a limited period of time, usually as short as 12 months to as long as 10 years. Beyond the chosen period, the registration expires and you can choose to renew it and continue to claim ownership over it. Or, you can choose not to; at which point the domain name will be made available to another buyer. This is where you can sell the domain and make money online with your home business.
Another option to look at is to build traffic to your domain. If you want to take this route and build your domain from scratch, be prepare to work. If you have a domain name that you created by yourself or bought, you need to make it valuable to potential investors. Offer high quality content, build a reputation, link up with quality sites, allow your visitors to interact using your website. Once you start appearing on major search engines’ radar and gain a good following, you raise the value of your website and your domain. When the time is ripe, you can then sell that domain for a nice, fat profit.
If you don’t mind speculating either course may be a good route to take with a home business. Just remember though that it can go either way. The domain name may be sold or it may be ignored. However this can be a very lucrative way to make money online if you know what you are doing
Janet Whalen, Hinkley, CA
skype – janetwhalen
jwhalen92347@yahoo.com
TriPower Team
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