Buying and selling domain names can be a great work from home business online. If you are new to buying and selling domain names online, you will need to know the best places you can buy domains from, where to sell your domains, how to transfer a domain to a buyer, how much should you sell your domains for, and if there are any trademark issues when it comes to buying and selling domain names. There is low upfront investment required to get started. If you want to make good money online, buying and selling domain names can be a great idea for you.
What Are Domain Names?
Domain names are the addresses of websites that people type into a web browser. So for example, a domain would be www.yourblogname.com. Domains are like virtual real estate. If you have a domain name, it is like a land on the Web.
You can use domains in a variety of ways to make money. Domains increase value over time, especially if they have some commercial value. You can buy a domain name at low price and then sell it high price.
How Does It Works?
Basically, you buy your desired domain names at the cheapest prices possible and then put them up for sale again setting pricing for your domain names. You can buy brand new domains from a reputable domain registrar. Domains are low cost. You can buy a brand new domain for $10-$15 for one year from a domain registrar. Some of these domains may have built up a lot of traffic and quality backlinks. So, if you buy these domains at a reasonable prices, they have the potential to earn lots of money for you when you want to sell them.
How to Buy Domain Names
You can buy domain names from a reputable domain registrar at sites like Namecheap, Godaddy, Monikar, etc. You will type in your chosen domain name in the search box and if it’s available you can purchase it for a few dollars per year.
If you choose a domain name registered by someone else, you can find the owner and see if they want to sell it. Marketplaces like Sedo have an auction site where owners can list their domain names for sale.
Many domain names expire if the owners overlook or forget to renew them or if they no longer need them. You can buy these domain names when they become available to buy if you think they can be handy in future.
Here are rules where you can’t buy any domain name:
- Trademarked by a company.
- Do not steal a company or person’s name and buy that domain.
How to Sell Your Domain Names
You can advertise on the landing pages of your domains that that the domains are for sale. Then the interested buyers can contact you. However, the best way to get your domains noticed by potential buyers is to list your domains for sale on sites that specialize in domains such as Sedo, NameJet, Flippa, etc. If you bought a domain from a domain registrar with a marketplace, you can list the domain(s) for sale on the marketplace.Here are some options for getting you domain name sold.
- Set a fixed price for a domain name that you want to sell or invite bids from potential buyers and sell it to the highest bidder.
- Make an offer to potential clients or buyers.
Where to Sell Your Domain Names
Here are some of the best domain marketplaces online where you can sell your domain names for profits:
Can You Make Buying and Selling Domain Names?
Some people make a living by buying and selling domains. If you can buy web address that consist of business names, geographic names, generic names or some popular names, you may be able to sell them faster at a good price. Companies and people are more interested in generic names. If you can discover and buy some generic domain names at a few dollars for each, you may be able sell them for a few hundreds or even thousands .
Sounds great, right? However, it is a good idea to start with a few handy domains. If you think your chosen name will become popular in future, you may want to buy them. So, it is important to learn what types of domains you should choose to buy and how much to invest in them, and then set realistic pricing for your domain or domains that you want to sell.