How to make money from buying and selling domain names
What is a domain name?
A domain name is a website address. For example the website address for my site is “leadstolifestyle.com”. If you go to Amazon, their domain name is “Amazon.com”. You get the picture. There are a lot of different extensions that can be used on a domain name as well – for example .com, .info, .net, .uk etc.
How does it work?
You can buy domain names very cheaply, many names cost just $1.99 -$9 with GoDaddy or Hostgator. However good ones can sell for literally $1000’s. So you can make a good amount of cash by buying desirable names at a low price and selling for a higher price.
I have flipped quite a few domain names the very same day for really good three and four figure profits. I’m not saying all of the transactions you make will earn this amount of cash, but you can earn profits of varying values consistently.
The skill is in finding domain names at a low price that are likely to have commercial value to a business and listing them for sale.
How can I start making money?
It can take a lot of time and trawling to find a good domain name for sale at a good price.
The best trick in my experience is to snap up expired or dropped domain names. You can get access to a huge source of valuable but expired domain names by signing up to Freshdrop. Their powerful interface drastically increases your opportunity to make a good profit from every transaction. Just one good sale has the potential to make you a month’s income and more. Not a bad return for less than an hour of your time. Freshdrop provide 24/7 support and a lot of free resources to get you started and help with the full process cycle so I would recommend that you give them a try. Click here to start your 100% risk free 7 day trial.
Additionally I have found same literally AMAZING unfound domain names by using the Domainer Elite Pro system which is essentially name finder software which interfaces with GoDaddy. Unfortunately there is no free trial available, but for a one off small fee of around $24 I have been able to download it quickly and easily and have used it to find fantastic domain names in minutes. Domainer Elite Pro also comes with some good training on the entire process including how to list your domains for sale (if you can deal with the cheesy advertising method which doesn’t reflect the quality of the software in my opinion). The system was created by Jamie, who a good friend of my colleague Dan. Click here to get your copy