2) Buy domains at cheap prices. There are some sites which offer domains at very reasonable prices. You can choose GoDaddy, NameCheap, HostGator, BigRock, DreamHost, BlueHost, InMotionHosting Name.com, etc. Try to buy the domain in bulk so that you get more discount. Also apply discount coupon codes on your purchases.
Almost everyone browsing Internet knows about domain names. For those of you who don’t know what a domain name, it is an identification string that defines a realm of administrative autonomy, authority, or control on the Internet (Source: Wikipedia).
For example ( Tipsmakemoney.com is a domain name) But the thing is that very few people know that you can make money through domain names. People who had registered domain names at the beginning of internet industry have already earned millions. Example is InSure.com which has been sold for a whooping $16 Million ! But its not easy as it sounds. You must remember that most of the good domain names are already registered hence you will have to take pains to search and register for good domain name.
In this post we will discuss how to make money through domain names. Some key points are as follows.
1) Choose the domain which has good resale value. Choose domain based on geographic locations, business names, a group or phrase of words etc. Use you common sense. Just think that you have to sell the domain after some time, so buy such a domain that people will look forward to buy.
3) Buy top level domain names preferably .com/.net/.org or country specific domain. They have good resale value.
4) Sell your domain name when you think you are getting good price from the buyer. Do not make the decision to sell your domain in a haste.
5) If you have bought a domain and kept it idle you can start domain parking i.e place ads on your domain, this can help you get good income from clicks or impressions on your domain.
6) You can advertise your domain name for sale by placing ads on free classified sites or domain selling marketplaces, webmaster forums etc which are good to find prospective buyers.
Lastly remember that all your domains will not be sold at a very good price. in such situations sell it to any person who offers to buy the domain at a less price too & Reinvest this money to buy a good domain.