Wednesday, November 26, 2008

3 Simple Ways One Can Buy And Sell Domain Names

By Dr. Kang-pang Chan

If you are looking for an online business that is pretty risk free and does not need much capital investment. Then you should think about buying and selling domain names. Registering a good domain name costs around $9.25 and to buy them can only cost a few cents. However you can sell the right ones at a profit for as much as $5,000 in 30 days or less. Below we provide 3 simple ways to buy and sell domain names that could help you to make a profit from them.

1. Research Search Them Before Registering

If you decide to register a domain name that is poor then the chances of being able to sell it in the future at a profit will be hampered. In most cases with such domain names you will find that you can only sell it for what originally paid for it along with the cost to get it registered.

When carrying out your research into domain names you need to take the following into consideration.

a. It is best to go with domain names that you can market easily. Look for ones that relate to specific niche markets. b. Find names that people are going to find memorable. c. As well as using popular English words make sure that they are one's which people use on a daily basis. d. You need to make sure that they are free of any kind of infringements. So for example avoid those with trademark violations against them. e. The names should be short as again it will make them easier for people to remember. f. The domain names should be rich in keywords or keyword phrases as this will help them with getting a better ranking in the pages of search engines like Google. g. The best kinds of domain names to go for are those that end in "dot com". However, if you can't find ones that are suitable go instead in the following order for those ending in "dot net", "dot org" or "dot info".

2. Once Registered You Need To Market Them Properly

Every day thousands and sometimes millions of domain names are registered. After registering yours in order to sell them you need to find a way that you can make yours stand out from the rest. This can only really be achieved through you marketing your product aggressively. It will cost some money but not much but you need to place them in prime locations on auction and featured listings sites. But this will create an awareness of your product which will hopefully create the desire in someone to then purchase it.

3. Get the Domain Name Appraised And Then Sell

One way of working out the best price at which you can sell your domain names for is by looking at what similar ones have already sold for. However, if you don't have the time then get an appraisal done on them instead. Normally these services will charge between $15 and $50 to carry out an appraisal. But once done you will have a more realistic idea of just what you are likely to get for the domain name when you do decide to sell it.

Above we have looked at 3 simple ways to buy and sell domain names which in the future could ensure that you make some very wise investments. However, don't expect to start seeing returns immediately, it may take some time before you are able to market your product properly. But once you do you will begin to wonder why you didn't start buying and selling domain names online before. - 16069

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