How to Buy, Rent, or Trade Domains

It may sound like a crazy idea but some people have made money buying, selling and flipping domain names. Some have become millionaires doing it. I'm going to show you how it's done and teach you what you will need to know to get started. Here's what you need to understand:

You can not earn money in domain flipping without understanding the market. The domain name market is enormous and it gets bigger every day. Some people make their money buying up domain names that are worth less than ten dollars each. Other people make their money selling domains which are worth more than a hundred dollars each. In any event, it's a lot of money.

Domains are sold for several different reasons. One reason is popular phrases that are in high demand. Hot topics rise in price when people are trying to find answers to questions about the problem they have. So, popular phrases on health and lifestyle websites such as"I hate cold temperatures" or"weight loss" or"I hate heat" will immediately get traction in the domain name's market. Once they gain a momentum, they'll be hard to beat.

Another reason people buy domains would be to resell them later. Reselling domains is one of the fastest growing forms of domain reversing. A few years ago domain names were purchased and resold with little attention paid to the marketplace. But today there are large directories like GoDaddy and eBay, where sellers and buyers can register old and new domain names before making any sales. So, sellers can purchase hot domain names, register them and then quickly sell them for great profits.

If you would like to earn the maximum profit buying and selling domain names then you will need to buy enough domains to cover your everyday usage. You should have a minimum of ten domains registered each with a current Premium domain status. If you're planning on selling all of your domain names then you'll want to do one of the following: Find a good domain name search engine, enter a list of your preferred domain names and conduct a search. If your domain name is not available from the search results then you'll need to purchase it from your hosting company.

If you will sell all your domains then you want to set aside time every day to check through and buy any domain names you aren't using. The most valuable domains are those with no expiration dates and expired domain extensions. Once you have bought your domain names, you'll need to discover new extensions to register so that your website visitors can access your website. New extensions cost a bit more than regular domain extensions but you can usually sell your old domain names for double the amount of new extensions.

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