Making Money with Domain Names
Saturday, January 3, 2009
After everyone has been losing money in the stock market, even Wall Street Brokers have been pushing harder, buying and selling domain names. This is the hottest commodity going! Don't get me wrong, Wall Street has been involved with domain aftermarket sales for years now; however they are more focused on this trade with the instability of the stock market recently.
Do you ever watch how to flip this house or any of the other flipping houses TV shows?
These TV shows give you step by step directions on how to flip a house within four to twelve weeks or so with sweat equity. The initial investment is huge!
On average they brag how they made 1/3 of what they have invested. Do not get me wrong, this sounds like good money, especially if you have the money to layout for the initial investment and are willing to put in the hours to make the improvements.
However with the current economy, most people find it hard to make it week to week let alone to be able to qualify for a loan to try and flip a house, buy materials, pay contractors...
I buy keyword domains for under $8 per year. Rather than sit on them I flip them by offering a lower price than I could receive on them if I held onto the domains. The average sale is just under $140. Now that does not seem like much, however if I sell 100 domain names this way each month, that equates to around 14 thousand dollars a month!
Now do not get me wrong, locating good keyword domains is not an easy task. One such example is HeavyDutyJack.com which I listed. Google search tool lets me know that there are approximatley 4,400 searches a month at their site alone at an average cost per click of just under $1. This is what interests potential buyers! They can have the rights to this domain name and point it to their existing website or website directory.
It is much easier to flip a domain at a lower price than to try and sell for top dollar. To give you an example, it took approximately two weeks to sell BestBuySunglasses.com for just fewer than four thousand dollars recently. On the other hand I sold ScratchOffLotteryTickets.com in less than five hours of registering it for $129. That is over 16 times my original investment in a matter of hours!
For more information on domains and to be one of the first to see what new domains I add to the aftermarket domain cart, sign up for Weekly Domain List!
by Bruce Galle
Do you ever watch how to flip this house or any of the other flipping houses TV shows?
These TV shows give you step by step directions on how to flip a house within four to twelve weeks or so with sweat equity. The initial investment is huge!
On average they brag how they made 1/3 of what they have invested. Do not get me wrong, this sounds like good money, especially if you have the money to layout for the initial investment and are willing to put in the hours to make the improvements.
However with the current economy, most people find it hard to make it week to week let alone to be able to qualify for a loan to try and flip a house, buy materials, pay contractors...
I buy keyword domains for under $8 per year. Rather than sit on them I flip them by offering a lower price than I could receive on them if I held onto the domains. The average sale is just under $140. Now that does not seem like much, however if I sell 100 domain names this way each month, that equates to around 14 thousand dollars a month!
Now do not get me wrong, locating good keyword domains is not an easy task. One such example is HeavyDutyJack.com which I listed. Google search tool lets me know that there are approximatley 4,400 searches a month at their site alone at an average cost per click of just under $1. This is what interests potential buyers! They can have the rights to this domain name and point it to their existing website or website directory.
It is much easier to flip a domain at a lower price than to try and sell for top dollar. To give you an example, it took approximately two weeks to sell BestBuySunglasses.com for just fewer than four thousand dollars recently. On the other hand I sold ScratchOffLotteryTickets.com in less than five hours of registering it for $129. That is over 16 times my original investment in a matter of hours!
For more information on domains and to be one of the first to see what new domains I add to the aftermarket domain cart, sign up for Weekly Domain List!
by Bruce Galle
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