Selling domain names is a potential money maker for a webmaster, and the chances of success are doubled if that particular domain name has an existing following among people. In such a situation, you can successfully earn an amount in the thousands. Many webmasters use domain name sales to make huge profits and by following a few simple steps presented in these articles, even you can learn how to make money with domain names.
You can start by choosing a keyword that attracts high traffic and no one else has discovered its potential. The best way to perform a search will be through a keyword crawler. It is always preferable to purchase a keyword tracker like Word Tracker or Keyword Analyzer as they are more efficient. The paid versions will be better as they keep you up to date with the level of competition you are facing for each keyword, while the free word trackers only give you the number of times a keyword has been searched for.
If you are short of money, then you can use a free version of the premium word crawler, and when you make some profit selling your domain names, you can upgrade to the full version.
After choosing a good keyword, all your efforts should be directed towards getting a domain name and web hosting. You may be wondering why you would need web hosting when your main goal is simply to purchase domain names. The reason behind this is that you need a website where you can attract traffic. Otherwise, visitors will not be able to return to your domain name and you will lose revenue by losing traffic. It is best to look for a deal that provides you with both the domain name and domain hosting.
You should also consider including your selected keyword in the domain name you purchase. In a situation where your keyword has already been taken as a domain name, you can try slight variations like ‘A1’, ‘333’ or ‘101’. For example, if your keyword is ‘Jobs’ and it is not available, then you can try other domain names like ‘A1 Jobs’, ‘333 Jobs’ or ‘101 Jobs’. Or you can always check for a related keyword that is available; Whichever option you choose, you need to make sure that your domain name is keyword rich.
Now you need to focus on building a website, but it doesn’t necessarily have to be a big one, even a one page website will do. When writing a complete article about your keyword and its potential in a web editing package, you can save it in HTML format. It provides additional features to your buyers by joining AdSense or any affiliate program. Depending on the nature of your program, you can even earn a nice commission on the sale of your domain name.
After the creation of the website, another important phase is to attract traffic. You will need to start by buying traffic, but you should make sure that the company you hire to drive traffic only uses dead domain names instead of bots or paid techniques like emails, newsletters, etc. Still, you should focus on posting your website on other free websites, forums, message boards, directories and other websites, to build inbound links. Writing articles about your domain names and submitting them to article directories is also helpful, as readers will be tempted to visit your website.
You can continue to drive traffic, and when there are enough visitors to your website that you can monitor by watching, your Alexa rating will be generated via the toolbar or website. After this, you can search for a domain appraiser and see what your domain name will bring you. You need to set practical goals, and there is absolutely no need to get bogged down if the price is low, as many people just prefer traffic to other SEO features built into the site.
When you feel like you are ready to sell your domain name, you can put it up for auction and listing your website can also be profitable. After the domain name is sold, you will need to transfer it to another account, and you can count on your web hosting company to help you.
You can use the money you earn from selling your domain name to start a new project. If you go for a dead domain name, it will save you efforts that you would have spent on generating traffic.