By Jonathan Street
Welcome to part 2 How To Buy And Sell Domain Names Part TimeFor Profit.
Let's just take a quick glimpse at what we've done so far:
We've used www.wehavethem.com , www.DeletedDomains.com orwww.namewinner.com to locate names that are about to expire orhave expired. We've located consumer site names with a largeamount of traffic in the past month. We've grabbed them eitherpersonally or using an automated grabber to ensure we get thenames we want.
That whole process has taken you less then an hour. Just a quicksearch to locate a name and then register it. Easy.(incidentally if you are confident that a name you havepurchased is valuable, it may be worthwhile securing the .com,..co.uk, .net,.org, .info forms of the name as well. That way noone can undercut you by bofering it cheaper. And chances are thebuyer will want all five names. That means FIVE TIMES THE PROFIT!
Now it's time for the real exciting bit. Selling the name.
Once you have grabbed your domain name the simplest way to finda buyer is to register them in your name. This can be as littleas £5 for two years. (.com names tend to be slightly moreexpensive the others). A simple search can put you in touch withtons of registration services.
Now your registered it's time to positively market your name.You can do this in one of two ways:
The Direct Approach - Making a direct approach to a buyer is abit tricky. You could rent a mailing list of companies who arein the area your domain names are out and send them a simplesales letter. EG. If you had www.cheapplanetickets.com you wouldrent a mailing list of a travel agency.
Whilst this approach does work, it's both time consuming and ifyour sales letter isn't up to scratch your going to lose out.
So now to the way I do things - the lazy mans way to makefantastic money from selling domain names.
Using Brokers And Agents - Domain name brokers and agents willlist your names on their books and try to find a buyer. They dothis by either a fixed price or via auction.
As this business is fairly new ensure that you find anexperienced brokers. Find out the following:
Their charges: ie commision, listing fee etc.
How many names are already on their books.
And what prices domains like yours are going for.
There is no limit on the brokers you list with if you want toincrease the amount of people who see your offer.
I like to use www.sedo.co.uk or www.afternic.com. But many canbe found via a google search.
You can also sell domain names on eBay. (They get justeverywhere don't they!). Simply go to www.ebay.com and searchfor domain names. Be on the look out for any high quality namesto buy as well. You see because this bsuiness is so fairly newpeople just don't realise the sort of money that can be made.
Once you've made the sale all you need to do is use your listbrokers to act as a thrid party escrow service,. This basicallymeans they will accept the payment for your name from whoever itmay be you are selling to and then register the domain name tothe new owner. All you have to do is sit back and wait for thefunds to go into your account. It's THAT easy.
What Price Should You Sell At?
This is a vital aspect of this business. Pitch too high and youwon't make a sale. So don't get too greedy. The price you getdepends on the quality of the name, how much someone else wantsit and how quickly you want to sell it. If your willing to sitback and wait for a big offer then that's fine. But if like meyou want to make cash in the fastest possible time the key is toselling a name at a reasonable price and with a few names aweek. It'll take a maximum of a few hours strat to finish pername.
The ideal affordable price range is in the rgion of£100/£500/£1000. At these figures people will be scrambling overeachother to get their expired names or the names of others.It's alot easier for a company to buy back from you at theseprices then to either come up with a better name or try torebuil their traffic at a new domain name.
Now remember that your overheads in this business are so verylow. If you bought a name for £5 and sold for £500 thats aprofit margin of TEN THOUSAND PERCENT!!!
There's so many reasons why I love this business.
The money to be made is incredible. Five domain names a week awould take you approx five hours. And if you even sold them atthe minimum of £150 that's still £750 PART TIME.
I strongly reccomend you get into this business yourselves. It'ssimple, hugely profitable, and can be worked part time around acurrent job. Please. I ask just one thing of you. Try this ideaonce. Just once. It'll cost you just £5. When you see how easyit is then you can really go into it all guns-a-blazing! And ifyou found it wasn't for you what are you out? Just five measlypounds.
There's just one difference between those who achieve realsuccess and those who float from day to day in relativefinancial obscurity. That's ACTION. So come on. Take that vitalfirst step to making great money from home for just a few hoursa week and see for yourself why buying and selling domain namesis the opportunity of 2005.
All the best in your new venture.
Jonathan Street.
J.S.T Information
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