Buy/Sell Domain Names! Is it Profitable?
I’ve just recently stumbled across a few web sites like namepros.com and dnforum, websites that focus solely on the “buying and selling” of domains. And I “gotta tell ya” I was quite impressed to hear some of the success stories.
Now from my understanding, I thought profit from domain sales died at the end of the dotcom Boom. But from what I’ve seen and heard, It seems like it can still be a lucrative business. Naturally there’s more to it than buying a domain name for $5.99 a year and turning around and selling it for $4,000. To come across a domain name (whether self created, expired, or purchased) spending time advertising it, sending traffic to where it’s parked, finding a broker, doing the things you need to do to up the value of the name, it’s seems like a very time consuming business.
But if you go to Sedo.com you’d be amazed at the prices that some of these domains are going for, $5,000, $10,000, even more.
It seems to me like a hidden art. There’s not very much talk about it in the general internet marketing forums. And everywhere on the net you see ebooks on “How To” write ebooks for profit, do JV (joint venture) deals, ebooks on site traffic, blogging techniques, affiliate marketing, rss feeds…… on and on and on and very little information on the business of buying and selling domain names. So that means it’s a business who’s time has passed or a very lucrative one that’s hidden from the people who jump on the bandwagon.
Just looking at current events and doing domain checks on certain subjects tells me how quickly good domains get snatched up. Believe it or not the name Farris Hassan dot com (16 year old boy who went to Iraq) is already taken.
From my studies it seems that there are a select few who are generously profiting from the buying and selling of domain names. As I mentioned above there is alot of work involved but if your willing to join a few membership sites, learn a few advertising tricks and get into the game, the selling of domain names can be a very lucrative business.
5 Ways To Think Up A Great Domain Name That’s Still Available
I’d be a gazillionaire if I earned a dollar each time someone complains that all the great domain names are already taken. It’s just not true, however. Even in a highly competitive industry, you can think up original, appealing domain names for businesses by using naming tactics that few people use, such as these:
1. Focus on results. What is the outcome or end result that people want to have from buying a certain product or service? How do they feel when they have finished the transaction? My own company name, Named At Last, falls into this category.
2. Look for puns. Make a list of relevant keywords, say each out loud and play around with the sounds. Puns are much less likely than other kinds of names to have been registered because their component parts are not actual words. For instance, the name Sitesfaction, for a web design company, was a finalist in our first naming contest – and an available domain at that time despite tens of thousands of web design firms in the English-speaking world.
3. Think slang. Let your imagination and memory fly around for pleasing-to-the-ear expressions. As of today, the domain BoyOhBoyToys.com for an online toy store is unregistered, as is a domain for its sister store AttaGirlToys.com.
4. Go symbolic. Suppose you’re an expert on the horror genre and want to start a paid online community for horror fans. Horrorific.com, horrorgate.com and Horrornet.com are all taken, but as of today, the less obvious and more vivid FrightOwl.com is not.
5. Vary real words. “Google’s name is a play on the word googol, which refers to the number 1 followed by one hundred zeroes,” says the Press Center of the world’s most successful search engine. “The word was coined by the nine-year-old nephew of mathematician Edward Kasner,” it continues – providing another hint for creative naming: consult a kid.
Happy Naming!
