3 Tips to Start Selling Domain Names for Profit
Posted by RevenueGal on
July 20, 2008
3 Tips to Start Selling Domain Names for Profit
Some online entrepreneurs have made a business of domain investing which means, they deal in the buying and selling of domain names for profit. If you take time to to learn some basic techniques on buying and selling domain names, it can become a business that will make you some money.
Here are three tips to get started in the domain flipping business:
1. Join forums where domain investors hang out. There are forums out there that are dedicated to discussing everything about domains. This includes buying, selling, what extensions are popular, what domain names are selling, and tips on choosing domain names.
You can find out some useful information in these forums. Being a part of such a forum establishes you as a member and people get to know you. When the time comes for you to search for a buyer for your domain, others will know that you are not just a newcomer to the forum looking for buyers.
TIP: Two good starting forums would be Site Point and DNForum.com
Site Point: http://www.sitepoint.com/forums/
DNForum.com: http://www.dnforum.com/
2. Learn to choose the right kind of domain names. Good domain names can earn you a couple of hundred dollars in profit. Some domain names do sell for a lot more money but that is not the norm. You can arise above the norm if you learn the ins and outs of the domain business.
The market may not be as huge as it was when everyone was jumping on the dot.com bandwagon, but businesses are still looking for good names to use and yours could be that name. Learn what the market wants; keep a keen eye on growing trends. (Remember when mp3 players first came out? That would have been a great opportunity to snatch some good keywords. Be careful though of using company brand names.)
Tip: Read 12 rules to choosing the right domain name:
http://www.seomoz.org/blog/how-to-choose-the-right-domain-name
Another great resource to read on domain names is:
If you want to invest in domain names, then choose quality names to buy so that they will bring in a good price when you sell them. Beware of scam artists when it is time to sell domain names. There are people whose sole job is to separate you from your hard-earned money. They may promise you that they can get a certain price for your domain. Remember if an offer sounds too good to be true, it probably isn’t.
3. Find a good mentor on selling domain names. Selling your domain can certainly be done at any time. Selling for the maximum profit is a matter of timing and know-how. Learn from people who know about investing and selling domains so that you possess the knowledge you need. Below is the domain flipping guide from Natalie Williams who shares her knowledge and experience on flipping domain names.
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Grab Natalie’s Domain Flipping Guide: Click Here!
Starting a Membership Site on a Budget
Posted by RevenueGal on
January 16, 2008
Worried About Start-Up Costs for a Membership Site?
Starting a business is never free, but thankfully you can start a membership site on a small budget.
Here is a rough list of things you will need to budget for when setting up your site:
Domain Registration: Your domain name is the web address of your site. Domain names must be paid for on a yearly basis. Your cost here will range around $3 – $10, depending on what domain name registrar you work with and what domain type you buy (.com, .net, .biz etc.).
*Keep in mind that it may be worth spending the extra money to get a .com, as most people will automatically input a .com address. If your address ends in a .net, you could lose some visitors. You can pay for your domain name a year at a time, but many registrars will give you a discount if you purchase your domain for two or more years at a time.
Web Hosting: Your web host is the company you pay to have your site up on the web. This can be paid for on a monthly basis. It’s always a good idea to do some research and compare several providers before deciding on a hosting company. Monthly fees can vary widely and some sites will offer you a month or two free if you pay by the year. Depending on what host you go with and what additional services you utilize, you could spend from $40 – $250 per year.
Membership Manager: In order to keep your content exclusive to members, you will need membership managing software. This type of software will require members to enter a username and password in order to access your private member’s area.
Automation Tools: Automation tools make it easy to manage your membership site, and will definitely come in handy as your site grows. These tools include things such as an autoresponder and credit card processing service. The prices on these services will vary, and it is a good idea to compare several companies before you purchase any of these tools.
It is possible to find some of these tools for free, but be wary of them. When you subscribe to a free autoresponder service, the service will display ads from other companies on your messages. Some of your readers may not mind this, but some readers may feel that this looks unprofessional or cheap.
Marketing and Advertising: As you develop your membership site, take some time to think about what type of marketing you will participate in. There are lots of things you can do to market your business for free, but in order to achieve the fastest growth, you may want to buy some ad space on other people’s websites or ezines, or purchase pay per click advertising, such as Google Adwords. These things can be done on any budget. Keep an eye out for affordable advertising options and you will definitely find some.
Affiliate Program Manager: Although you certainly don’t have to have an affiliate program for your membership site, it certainly will help to bring in more visitors. Many membership sites even offer their members residual income on each new member they refer. Recurring monthly income is certainly an enticing incentive to help spread the word of your new membership site.
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A Few Worthy Home Business Resources:
Web hosting especially for moms in biz:
http://mommyrevenue.com/momwebhosting/
Online business automation center:
http://mommyrevenue.com/ebizcenter/
Make Money Online with Domain Names
Posted by RevenueGal on
June 18, 2007
Are you thinking that there’s nothing worth investing in online that could really make much money? Think again!
I just finished reading a story about two investers, Andrew Miller and Michael Zapolin, who purchased the domain name, Chocolate.com. After only two years, the domain name has already brought in revenue of $2 million. Miller and Zapolin expect the revenue potential to rise up to $100 million dollars.
Online Money Investment Equals Big Return…
Miller and Zapolin actually invested $300,000 dollars for the domain, Chocolate.com, but this was actually a fraction of what it could have cost them. A little patience and negotiation won them the prized name at a much cheaper rate. So, if you have some money to invest, domain names might be a worthy investment if done right. The key to taking domain names to an even higher revenue potential would perhaps be to get a little more creative with your domain names. Miller and Zapolin knew they could do much better with Chocolate.com than the current owner who had simply put up some ads and took in mere pocket change. The key for these investors was finding an anchor partner through Chocolatier magazine which provides the site with worthy content of articles and recipes about chocolate.
Domain Name Investing as a Career…
Miller and Zapolin have made a career through their company, Internet Real Estate Group, by buying top domain names that are not being used to their full potential at much cheaper rates through negotiations. Then, they turn these domain names into useful goldmines.
Create your Own Success Story…
So, consider domain names as a worthy investment if you have a little cash to invest and some time and energy to turn a squatting domain name into a potential “Cinderella” story. Note: Although millions of top dollar domain names have already been grabbed, you can also watch trends that are here to stay for the long haul. Grab some top keyword names related to these trends. For instance, a few years ago we’ve never even heard of ipods, digital cameras, mp3 players, etc. If you think online real estate might be your thing, take some time to educate yourself about domain name investing.
