- 1 Make money buy & sell domains
- 2 CONCLUSSION
How to make money buy & sell domains? Domains are valuable because they often increase in value, and any traffic that a domain name or website receives can be converted into cash! You can literally buy a domain name, & then flip it for a profit.
Therefore, buying and selling domains can be a profitable venture. But if you are completely new to buying and selling domains for profit, you may have questions. For example, where can you buy domains? where is the best place? Where & how should you sell your domain? How do you transfer a domain to the buyer? These are some tips for you if you are going to try and make money in the domain market.
Step 1: Know Your Budget.
Just like any other business that you would normally startup, you must first know your budget. In order to start a profitable business, take some time out to do financial calculations. It is always best to start off by investing a small amount of money and then move on to making a bigger investment once you are set in the field.
Step 2: Find Hot Keywords.
Before you park any domain names, you must focus on finding hot keywords that buyers would be interested in. The best way to make sure you get a good return on your investment is to pick a domain name with acceptable traffic, somewhere around 10,000 searches a month. You can do this conveniently by using tools like Google Keyword Planner or Niche Finder Software.
Step 3: Find Relevant Domain Names Related to Your Keywords.
Picking domain names by typing in relevant keywords on Namecheap has become increasingly popular. If you want to buy and sell domain names professionally, try using Millionaire Society. Once you have found the domain name of your choice, you can log onto Alexa.com to gain more insight regarding the domain name.
Step 4: Buy a New Domain.
Even though generic domain names are usually taken, there may be some unregistered domain names. You’re lucky if you can find such a domain name; waste no time and get it registered with the best domain registrar company because that will enable you to sell your domain name to the interested party easily.
Step 5: Buy Domains with Page Rank.
Keyword relevancy is not the only thing that matters when it comes to SEO. However, domain names that were previously used by other businesses usually have a lot of backlinks and a decent ranking on PageRank. Even though such domain names are usually about to expire, they are still worth a lot of money if they have a good number of backlinks and a ranking of five or more.
Step 6: Build a Solid Domain Portfolio.
Building a solid domain portfolio is not a piece of cake; it may take you several months or years to achieve this goal but it will definitely be worth it in the end. When you are in the fishing phase, look at the potential of the domain name. Another common strategy used by seasoned domain flippers is to get hold of some high profile domain names and sit on them until they soar in terms of value.
You can create a website and SEO domain.
Step 7: Use Different Sales Strategies.
You can apply many strategies when it comes to flipping domains successfully. The three most common strategies are set price, auction, and make an offer.
- You can set a particular price for domain names you have to offer when you are not in a rush to sell them. Those who have a huge portfolio usually adopt this strategy.
- GoDaddy or Namecheap follow the auction strategy and you can too. Sell your domain to the buyer with the highest bid.
- When you have a niche domain, you can make offers to various prospective buyers who may be interested in buying.
Another point of concern is to flip websites and not domains only. This is because many times a domain is worth far more with an established website than on its own. Building a website has great potential because it has SEO value, potential and much more to offer to its prospective buyer.
Now that you know all the details about how to make money buy & sell domains, we hope you start off your very own domain flipping business with ease. All you have to remember is to begin by learning all the tricks of the trade and invest a small amount of money before you decide to go pro.