How to Pick, Buy and Sell Profitable Domain Names
With the increasing popularity of the internet and more and more people using it every day, domain name buying and selling is starting to become a lucrative business. It is not surprising that so many people these days are purchasing domain names just to resell them at a profit. While there are certain companies which specialize in buying multiple domain names in bulk and selling them on for a profit, there are individuals who are doing this as well.
This article will give you a step by step guide on how you can purchase domain names and sell them on for a profit.
The first thing you need to keep in mind is to aim for top level domains which are the standard .com, .biz, .org and .info and more. These are the domains you should aim for as they are the ones which are most likely to sell for a bigger profit.
The Shorter the Name the Better
The first thing you need to do is establish words which you will use as your domain name. These words should be terms which are searched for a lot by internet users. You can find out if a certain word or phrase is used through Google Keywords. Once you type in a search term there you get statistics about those terms and related terms and how many hits those words or terms get from users. Tools: https://www.shopify.com/tools/domain-name-generator
The Higher the Hits the Better
The words or phrases which have the highest hits are the ones you need to target. But you also need to ensure that there are not a lot of competitors for this phrase on the search engine because this may reduce the visibility of your website when those key words are searched online. Thus at times the downfall of highly searched words or terms is that a lot of other websites tend to use them so when people search those terms; you have a lot of competition as all of them will pop up in the results of the search as well.
Search for the Keywords on Domain Selling Sites
Now the next thing you need to do is to search for the selected keyword on a domain selling site to see if it is available. You might find that it is not available at times. Then you move on to the next word or term till you find one which is indeed available.
Ensure the Domain Name’s Value
While it is most likely that when a term is searched by a lot of people, the domain name you purchase related to it will be beneficial as it will pop up when the search terms in its name are used. But to double check if the domain is profitable and a good purchase, check its value online. There are many websites which evaluate how much a domain name is worth and the higher this value is the better.
The Price of the Domain Name
If the domain name which is available is priced at less than the evaluated value you should buy it immediately. Usually certain domain sellers have discounts running so you may get a domain name for $10 and the value for that domain name will be $500! Your profit margin would be immense.
Thus buying and selling domain names for a profit is a lucrative business. You may have to do a bit of research and put time into it but when you figure out the method and get into the rhythm, the benefits are much greater than the expenditures!