How to Make Money Domain Selling

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<p>PowerPoint Presentation</p> <p>How to Make Money Domain Selling</p> <p>Buying and selling domain names is an exciting adventure that for some seems to conjure up images of finding hidden pirate treasure or guessing the winning combination on the next Powerball.</p> <p>How to Make Money Domain Selling</p> <p>Stories abound of domains that were purchased for $8 dollars 15 years ago being sold today for millions. Of course, that leads the more adventurous of us to wonder, How can I do that?</p> <p>How to Make Money Domain Selling</p> <p>Well, the ocean is big. Your likelihood of cashing in on the motherlode is low, and youre liable to waste a lot of time and money chasing after the wrong ships. You need a map or some other advantage to guide you toward that elusive booty.</p> <p>How to Make Money Domain Selling</p> <p>Here are some tips to get you pointed in the right direction when trying to buy or sell a domain name for profit.</p> <p>How to Make Money Domain SellingNARROW YOUR FOCUSThere are millions of domains already registered by someone and endless combinations of available domains to register, especially when you consider the hundreds of new domain name extensions like.xzyand.club. If you plan on buying a domain to resell it, you should start by narrowing your focus.</p> <p>How to Make Money Domain Selling</p> <p>How to Make Money Domain Selling</p> <p>What do you know about already that can make this easier? Do you know about pets, are you in car or home sales? Do you know about education or healthcare? Think about some of the spaces you are most familiar with and start there.</p> <p>How to Make Money Domain Selling</p> <p>Heres what you DONT want to do: Target prospective buyers based on their perceived economic status, without any insight into the industry youre targeting. Lawyers seem to do well, you think, maybe I should start selling names to them. So you rush out and buy a bunch of domain names you think would appeal to the law firms youve identified as potential buyers.</p> <p>How to Make Money Domain Selling</p> <p>may not know that the American Bar Association and other industry-specific organizations set rules that govern some aspects of legal advertising. Youre not going to strike gold selling names your target buyers cant use.Understand your audience, and the sales will follow.</p> <p>How to Make Money Domain Selling</p> <p>FIND NAMES THAT OFFER REAL VALUEThink of ways that the domains you buy would be a valuable asset to the buyer. Picture someone who would benefit from buying the domain in a space you are very familiar with.</p> <p>How to Make Money Domain SellingIf this was you and someone was trying to sell you this name, would it be beneficial for you to own? Be honest. If so, why? If not, why? Use those answers to refine your search for names.</p> <p>How to Make Money Domain Selling</p> <p>Lets play this out with a real example. Say youre familiar with the real estate market in Tempe, Ariz., and you have the opportunity to purchasetempeapartments.comfor $200.</p> <p>How to Make Money Domain Selling</p> <p>How much does one month of rent profit a landlord, property manager or other prospective domain buyer? How about a years worth of rental profit?Would you buy this name if you were in the space? If so, why?What kind of domains are landlords, property managers, etc., using?How much do they spend on advertising?How much would this domain help them to sound authoritative in their space?</p> <p>How to Make Money Domain SellingIf you can answer these questions with confidence and know this niche well, you probably already have an idea of who to contact and how to make a compelling case for how this domain could help their business grow.FINDING VALUABLE DOMAINS</p> <p>How to Make Money Domain SellingREAD MORE</p>