If you’re looking to venture into the world of domain flipping or want to make some extra coins on the internet, you’ve clicked on the right place. We’ll give you insider tips on how you can make bank registering domains and selling them to businesses for profit.
Businesses need to be online to compete and thrive in today’s market. The online space presents a lot of opportunity for companies as well as individuals. Companies can reach a broader market through online marketing as well as build relationships with their customers. The internet also affords individuals different avenues to make more money, and buying plus selling URL’s is one of them.
What is buying and selling domains?
Buying and selling of domains entail purchasing domains that you think could be of value to someone in the future. You buy the domain at a low price and sell it at a higher price and make a profit.
Is domain buying and selling lucrative?
It may not be a get rich quick scheme as people like to believe, but it can be lucrative in the long run. Like most side hustles, you have to invest time and effort to get the desired results.
Domain buying and selling tips:
If you’ve been toying with the idea of wanting an additional stream of income and want to consider buying and selling domains as a viable option, we have tips for you to keep in mind:
Know your budget
Like any other business venture, knowing the monetary resources you’re working with is crucial. Have a clear view of your budget, and starting small is always recommended. Stretching yourself too thin during a global pandemic or any other time is not advisable.
Know the industry
It’s essential to be knowledgeable about the industry you choose to invest in; that knowledge will inform which domains you register. Plus, if you’re familiar with the industry you’ll understand what people search for and what domains will be moneymakers.
Do keyword research
Keyword research is essential in buying and selling domains. Before you register a domain, its beneficial to know the industry-specific keywords. Use tools like Google Trends Explore or Ubersuggest to determine what the viable keywords are and where you should be investing your efforts.
Check domain availability
Conduct a domain availability check and register your desired domain. If you can’t find the domain you want on our domain checker, conduct a WHIOS domain lookup to determine the owner of the web address and the expiration date. Plus, you can do a WHOIS search on your domains to check of your information is captured correctly.
Don’t sell right away
Sometimes selling a domain straight away isn’t the way to go. The value could appreciate over the years, and you could end up getting much more for it than you anticipate.
Market the SEO value of your domains
When approaching prospective domain buyers, use SEO as a selling point. There is a lot of value in having a strong industry-specific or geolocation keywords in the URL, and this could help in getting more money from your domains.
Determine the value of your domains
Asking for the right price is essential, and you can check how similar domains to yours have sold for on Namebio.
Market your domains to the right buyers
Approach prospective buyers with a thorough pitch on price, the SEO value of the domain and why they should want to buy it from you.
Buying and selling domains is a long game, and you need patience, persistence and instinct – which is why we advise you to sell domains in an industry you are passionate and knowledgeable about.