Selling or reselling domain is a good business. It is red hot opportunity to earn handsome figure even per week. But it is just like stock investment. If one invests for fast earning, it is bit risky. One has to buy few domains and sit tight on them. This might be a good way to earn some extra handsome return.
All domain names are only registered for a limited period of time. Registrars can choose to use the name for a period between one to ten years. After this they expire and the user has to renew the name altogether. If they do not renew, the domain is placed on hold for some time, then gets deleted. This means it is then available in the market for sell. This is where one can make cash. Huge amount of expired domain names are made free each and every day. Some of them are very alluring and congenital names. The owners of maximum of these domain names accidentally let them expire. But one’s carelessness is other’s gain. One can grab these domain names at low price and resell them at good margin. There are two main reasons why people are willing to pay more for an expired domain name:-
- a) The owner carelessly let the domain name expire. That means they pay the domain reseller to get the name back to ensure that they don’t lose their database that they may have built up over years and years.
- B) They have competitors and they don’t want to spoil their existing customer base and pay more to ensure the existing custom of a rival.
The domain name may consist of anything from product to culture. Geographic areas, business name, popular name and generic names should be the prefix in the name of the domain. In this process checking of all domain availability extensions – a mandatory step. More generic one goes, the better off will be. Research reveals that Google like generic names. So if one owns such name, he can bargain and set the high asking price for his domain sale.
Domain name cannot be bought in the name of any existing Co. Since company names are trademark, one steps into legal water if he does so. It is therefore, domain names should be set which are free from legal disputes and having registered trademark and such domain may earn good return against the investment.
Domain traders or resellers normally buy lots of domain names. There the chance of hitting the jackpot is higher. This is the best way to begin.
The domain name investment game is bit tricky. If one sits on website that is not lucrative and do nothing, he can turn them into content site and try to sell elsewhere. Then he can ask for higher price or he can set up a shared hosting or direct hosting website. It is profitable too.
The profits in this business are like no other. It’s one’s turn to get his hands on his share in the billion dollar trade of IT field of buying and selling domain names.
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