Have you ever thought about how much some of your domain names are worth? The chances are that the value is negligible but on the other hand you may be sitting on a gem. I recently had a site that was due to expire that wasn’t indexed in Google and had just sat around doing nothing for a few years. I fully intended to let it expire.
I just happened to be reading an e-book I purchased called Domains into Dollars (the link goes to a review I wrote)the day before the site was due expire and I decided to run it through some domain appraisal tools. To my utter surprise The valuations ranged from $500 to $30,000. Now I don’t for a minute think It’s worth $30,000 or even $300 but It was definitely worth keeping. Even if i sell it for $30 it’s a profit and when it comes to making money online it’s profit that counts.
This got me thinking and doing some research about the income possibilities from domain names. The first thing my research threw up was that there were a number of extremely poor products on the market relating to making money from Domains. A lot of the products I checked out were just pre-sales for expensive tools or just plain poorly put together products. The only product that I would recommend is Domains into Dollars which I’ve linked to above. Not only was it the best but it was also the cheapest .
There are a number of ways to make money from domains.
The simplest is Domain parking. Here you take a domain that has type in traffic or residual traffic from a previous owner and park it with one of the free parking services like Sedo in return you should make an income from the visitors to the site. If the site proves to have a good income you can keep it parked or auction it off. This is also a good way to test the viability of a domain by seeing how much traffic there is before building.
Next up is the Domain Flip this is buying a domain with the intention of selling it on within a short period of time. This can be quite profitable if you purchase domains with an emotional value. To a professional domain investor a domain like pinballwizard.com won’t have much value but to someone like a professional pinball player (is there such a thing?) it could be worth $4000 (actually it sold for about $4,200 recently)
Finally is buying a domain name that could be developed in to a site with a long term income. If you park a site at sedo and find it has considerable traffic it might be more profitable to actually create a site or blog on the domain and monetize it. Later on you can sell this on as a site with income or keep it in your portfolio.
You can start domaining with very little cash. The Domains into Dollars e-book and videos actually show you a method of testing a domain name for 5 days, if it’s not viable you can get a refund. Read That Again!! You can test how a domain performs for 5 days and if it’s not getting traffic or earning an income thenl you can get the $7.99 back that you paid for the domain. If you kept doing that every few days you could build up a large portfolio of domains that you knew were profitable without risking your money.[tags] make money onlin, domaining, domain flipping, domain parking [/tags]