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Friday, October 22nd, 2010 at 4:16 am

10 steps to making money on domain names succed

One of the offers more spoken in the domain resale www.cellphones.com sales was sold for $ 4.2 million in cash. The original owner paid USD $ 90 for the name in 1996

"The secret has to do with what is known as type in traffic, or, in Wall Street jargon, navigation directly. Although it may seem strange in the era of powerful search engines, is that millions of Internet users do not use search at all. Instead, type what you are looking right at the top of your web browser.

Looking to buy candy? Candy.com Enter a name Schwartz bought Rick in May 2002 for $ 108,000. A page full of links to related products is candy. Click one of the ads and the advertiser pays Google, which in turn sends a part to Schwartz and the company that manages Candy.com. Some days ago Candy.com Schwartz $ 300 in earnings, the site paid for itself in a year and a half. "- Via CNN Money Business 2.0

Just to let you in on some of the trends in domain sales Today's market is an overview of the 10 from 2009 onwards by the domain names of online news services.

Sold for 5,100,000 Toys.com dollar bankruptcy auction

Candy.com was sold for $ 3,000,000, selling PVT

Fly.com sold for 1760, 000 USD, Sedo

Auction.com sold for $ 1,700,000, selling Iberia

Webcam.com sold for $ 1,020,000, RickLatona.com

Server.com sold by $ 770,000, Sedo

Talk.com sold for $ 500,000, Sedo

Top.com sold for 357,500 euros, Sedo

Body.com sold for $ 400,000, Sedo

Forums.com sold for $ 399,999, Sedo

Domain speculation is one of the activities make money online you can try for fun, but the risk is high, and the success rate is relatively low, so do not expect to quit your job the short term.

In case you want to try your hand at this, here are some quick tips.

1. Do the research:

You will want an idea of what sells in the market and how much. Check out the prominent domain resale sites and Namepros DomainState discussion as to start. I found this forum thread is in Namepros be particularly useful as it serves as a gathering of members of the names have been sold, with their respective quantities.

2. Choose the name of:

When deciding on the name you want to collect consider these tips:

Keep the name short and simple. Use words such as the minimum number
Do not use separators in the domain name
Buy product names generic category
Buy com. Whenever possible
Donâ € ™ t violate companyâ € ™ s brand

For more details, read www.friedbeef.com/2006/10/21/8-critical-considerations-for-picking-business-domain-names/ considerations for choosing a business domain names.

Another way to determine the popularity of your domain name might be, would be to check free Overture suggestion tool keywords - which continues the popularity of a search term, or own Google search results to see if the domain contains a highly indexed keyword (and probably in high demand).

3. Go Hunting:

Most registrars offer some kind of tool hunting domain to see if your domain desired is available. Some even offer suggestions for you if you are not. My favorite is still yet Instant Domain Search, which checks the availability of domain - as you type. They have even come up with a widget that I have included in this message so that domains can search from this page. (RSS / email subscribers - please click through if you have trouble viewing the widget in this post.)

4. Choose a log

Picking to buy not always about who is the cheapest.
A good support, to answer any questions you may have
Ease of transfer is important to avoid any delay to resell the domain
Career is important. Search the Web to see what people say about them. Sites like WebHostingTalk BestHostRatings and provide feedback as well. If you do not have a good support for hosting, you probably will not have a good support in both domains.

Oh, yes, iPowerWeb avoid like the plague. My short experience with them was nothing short of horrible.

5. Find discounts

Coupon codes are codes that allow you to get discounts, and a great way to buy a domain without having to pay full prices.

Check out related domain forums, and members often reveal discount codes to help the community. GoDaddy.com, for example, coupon openly publish podcasts. If you are using can write Chris1 GoDaddy.com, Chris2, Chris3 or Digg in promo code section to enjoy great discounts.

Let me say once again that domain speculation is one of those activities to make money online you can try for fun but the risk is high, and the success rate is relatively low, so do not expect to quit your day job anytime soon.

6. Decide on a price

Like most online sales to others - there is no actual market price for their domains. Everything runs on the most basic "willing buyer, willing seller" premise. Of course, if you feel that your domain names are sought, it can wait for better prices.

To help you decide on a price, you can use:

Sales in the past - Check out what people are selling their domains for.
Free Appraisals - Get a free evaluation. This may not be entirely reliable, but at least you get a rough indication of what expect. Try Leapfish as an example.
Professional appraisals - Some sites offer professional advice, which is more expensive, but very important when it comes to names of large amounts of money. Try Sedo seeking professional help.

7. O Develop Park

What you do with the site waiting for a buyer? You can put some content up, or just park. Domain Parking will create a snapshot of the page include advertising that is generated based on the name domain. For example, a domain name associated with shampoo shampoo ads would have on it.

Domain Parking accomplishes two things. It allows you to:

Earn less income on the side waiting to sell your name
To assess whether even be sold in the first place! Some names are quite popular that pay for themselves through advertising (when someone clicks on the ads).

8. Advertise

The world know that you're selling your domain. Try to send the list in the forums Namepros domain as domain specialists, as reselling Sedo or even eBay. In describing the domain, create a convincing argument why it's worth the money you're asking. For example, is a popular search term? Is short but memorable? Utility is the name for commercial purposes?

9. Negotiate the agreement

Here is the research you did before gives you an idea of what kind of prices to keep in mind. Here's a tip. Do not wait until your domain expiration approaches before starting to lower their prices. It puts you in a desperate situation if you do not plan to renew.

10. Sale Sale Sale

Whenever possible, ask good contract with payment terms before the transfer. Try using an escrow service such as Sedo or trust if it is more convenient to both parties. The commission may be a little high, but may be worth the peace of mind especially with expensive domain names.

And there I have ... 10 steps to walk through the entire selection, purchase and sale process. What other suggestions do you have?

We are more than happy to help define a strategy for how to sell your domain, and to ensure that you achieve the best price for your domain. We know how the domain market, and certainly know how to make your domain more attractive to potential investors.

Write to sak@ec-ba.com and we will be happy to discuss your plans to sell. We do content management and web page design, so if you need any help in this area, so we're more than happy to help there. Work not a cure - no pay strategy, so no risk to you. Best regards Stig-Arne Kristoffersen EC-BA WLL About the Author

He has a background as civil engineer and geoscientist. He has worked mainly within the oil and gas industry from the mid 1980s. He has written a few fictional novels as well as being the author of some professional litterature within oil and gas sector. He also enjoy entrepenurship within the internet industry.

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