Starting out on your road to profit with Domain Names

One of the really exciting things about domain names is that you really do have a chance to take a $10 investment and turn it into $100, $1,000, $10,000 or even more if you are looking for a quick turn around. One of the people I learned from did just that.
The goal he set for himself was that he wanted to sell his domains within 24 hours of when he purchased them. He wasn’t holding out for that megabuck score. What he wanted was lots of sales each day that would net him $50 or $100 a piece. He put up a few names he purchased each day on some domain auctions and collected a nice profit on each sale. (Some brought a lot more) Within a few months he was able to quit his $40,000 day job and become a domainer (one who buys, sells and profits from domain names). If your goal is to develop a long term income stream you can do that too. Lots of people either simply park their domains. A parking company will place ads on a domain page they make for you. Everytime someone either clicks on an ad you get paid. Lots of people simply put up their parking page in an ongoing traffic stream and capture money from traffic that is naturally going to their domain. You can also develop it to sell your own products. Domaining is something the average person with some perseverance can do and becoming a successful domainer is within your reach.

It’s mainly a matter of learning the language and how to use the tools available to find the nuggets that you can turn into a handsome profit. Lots of people have called domain names virtual real estate – and that’s what it is. You are laying claim to a bit of cyberspace with that domain name and once you have it no one else can have the exact same domain name. Like in real estate or stocks your goal is to buy low and sell high. Or you might want to develop those names into sites that bring in a continuing source of income. I’ve even rented domains I own to businesses and get a yearly rent.

You have several advantages over investment in either real estate or stocks. The first advantage is a low cost to start out. You can start purchasing domain names for less than ten dollars each. I haven’t seen any property or buildings you can lay claim to for under $10. Any stock that you can find is for $10 a share is probably pretty risky – at this price we’re are not talking blue chip. Real estate too can be pretty risky. Just ask anyone mired in the current mortgage mess. If you have invested $100,000, $200,000 or $300,000 more in real estate there are costs for taxes, heating, lighting, security, etc that just keep rolling in while you are trying to sell it. With a domain name once you have secured it for as little as the $10 registration cost you can just hold on to it, or develop it, or put up a for sale sign for less than $10 a month for all the internet world to see.

The domain world change and move quickly and you have to have the latest information, tools and techniques to make sure you get the maximum profit. Please make sure to sign up for my newsletter to keep up with the latest. I hate spam as much as you do and your name will never be sold or rented.

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