How To Make Money With Virtual Real Estate – The Buying And Selling Of Domain Names
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How would you like to know an excellent way to make passive money online, for an investment of around $10? well, read on. A recent domain name that sold was vodka.com, the buying price? $3 million dollars. Yes, owing the rights to 5 letter word, configured in a certain way to make sense, fetched $3M. To register the domain name, originally cost between $9 to $100. So although earning that kind of cash for a single domain name is not really the norm, one can earn excellent money buying and selling domain names, if you follow some basic principals.
Keep Away From Patented And Copy-written Owned Names
The same rule apples to names of famous people and celebrities. The governing board for domain name overlooking of such matters, which is ICANN, has always ruled in favor of the celebrities who has asked to have their names returned to them, even after they have been registered as domains by someone else. So don’t waste time investigating or buying domain names that you do not have a right to own. You will lose it every time.
Try to find three or even four letter combinations like jki.com, soe.com or kngw.com. etc. They do not necessarily have to make sense or form a word, as there are a lot of businesses or individuals who use a combination of letters when abbreviating their business or themselves. Three letter combinations has generally got higher bids than four letter combinations, but as we speak, are now pretty well impossible to get.
What About Hyphenated Words
Do Not Sell The Domain Name Too Low Either
Make Sure You Shop Around When Buying Domains
Check out what types of domain names are selling. Take a look at websites like “sedo.com” to see what’s being bid on and what the recent selling prices for certain domain names were. Sedo.com is a service where you can list your domain name for sale for free. You can also bid for and purchase domain names there. Be aware that sedo.com charges a fee of $50 to broker the domain sale transaction. Study the types of domain names that are getting the bids and look at what they are selling for.
A lot of domain speculators aim to make a quick buck by trying to sell a dot com name they bought for $5 dollars, and reselling it for a thousand dollars. Studying that site should give you a general idea of what type of domain names would be popular to draw bidders.
So Where To Find These Domain Names To Buy
The buying and selling of domain names is big, big business. Pizza.com which recently sold for 2.6 million could of been had for the $20 registration fee back in 1999. So with a bit of research and patience, you can be one of those people who can turn a 20 dollar investment into hundreds, thousands or more. Domain buying and selling is not only fun, it can be profitable passive income.