How to Make Money Selling and Buying Domain Names

May 19, 2011 by  Filed under: other 
 

In recent history, the Internet has emerged as one of the biggest environment for employment and it keeps growing as one of the best source of self income with the current generation of entrepreneur and self-made millionaires. When you think Internet, the first thing that comes to mind is websites, that is because the Internet is a conglomeration of websites or sites parked or hosted by domains. The sites are then accessed and identified by their unique names.

Buying and selling domain names have become a great source of employment within the webmasters community throughout the world. There are numerous guidelines available free of charge online about how to buy and resell website names for profit. Traditionally, you choose and register your choice name at the domain registrar, that is it, your site has a name. However, if you make your income online reselling website names, you would most definitely buy key-word rich domain names. You would then auction of these names at sites specializing in reselling domain names. The process could be likened to selling or buying a house where the price is determined by size, region, value, etc. It is about the same with choosing a name for a site, the richer the key-words associate with the nature of the website, the higher the audience will bid for the name.

Buying and selling domain names could be very lucrative if you have a knack for choosing key-word-rich search engine query phases and incorporate them within the domain names. Supply and demand are the reason why the market is flourishing so well even today. Most big companies have an established reputation to up-hold and would rather use their own business names when exploring new markets or venturing into uncharted territories. If you are the owner of a name that is desired by one of those companies then you will be rewarded for your efforts.

Big businesses will lay their ground work using their own established business reputation by logo. Thus, for a company such as Bell Canada, buying the domain name of “Bell Communications” from a domain name reseller is a worth while venture. The benefits to Bell Canada are great. The domain name is key-word rich; all Bell Canada customers or anyone involved or doing business with Bell could do a search on “Bell” and will find “Bell Communications” website very easily. It is all about the trademarks, which is what started the buying and reselling of domain names in the first place and, demand is growing.

On the Internet, there is a market infrastructure specifically catering to resellers of the domain niche. Auction sites are visited by resellers and buyers involved with the trade. What is most baffling about this trade is the fact that generic names such as books, market, TV, foods, etc. are priced the highest. These generic domain names are reserved in the “dote com” domains and are bid upon first. They command the best price, sell fastest and better than any other names at the auctions. They are considered to be just as profitable as the big trademark names. Established companies and individuals shell out big buck for these generic names because they are the most-converted names for domains. Is not that baffling as it is fascinating. In the cloud, there maybe employment for anyone with a good idea.

Domain name auctions: bido.com, sedo.com, godaddy.com, flippa.com, wholesale.com, etc.

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Article Source:

http://EzineArticles.com/?expert=Allan_Philip

Allan Philip - EzineArticles Expert Author

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