Making money online can be difficult but one thing that can really help you better understand internet marketing and making money online is the basic business principle. That is to buy something cheap and then sell it at a higher price for a profit. In this article I’ll discuss how to make money buying and selling domain names and where to get them and sell them for the most profits.
There are millions of domains that become available each and every month. The reasons why these domains become available can be a variety of reasons:
- Owners simply forgets to renew the domain
- The owner of the domain dies
- The owner didn’t have the money to renew the domain
- Owner lost interest in the website or domain
- And many other reasons
While these situations is bad for the site owner it’s actually great for domain buyers because they can get a premium domain at a much lower cost. You’ll still need to pay for domain registration fees and hosting. But I’ll go over in more details below about how to make money buying and selling domain names to give you a better idea. Some companies will also hire you for content moderation jobs to keep the sites running smoothly.
Finding Domains to Sell
The first thing you’ll need to do is find a place to buy domains.
There are several places that sorts the domains and each updates daily. Some are free and some will charge a fee. Basically, the charges help you save time when searching for these domains. Here is a list to start:
ExpiredDomains.net – This site is a huge list of domains with some search filters available to help better sort the domains. Moz domain authority is one metric that isn’t included in the free version which is a huge problem for many.
DomCop – One of the best domain finding tools online. They have powerful search functions that helps find domains quickly. There is a charge for their service that is $42 per month as of this writing.
What Makes a Good Domain?
There are some things that you’ll need to be looking for when it comes to buying a domain. One of the best ways to determine a domains worth is by using online tools to determine the site’s metrics. There are several places online such as Ahrefs, Semrush, Moz, and MajesticSEO which can help you determine just how valuable the domain is. You can also take a look at the domain in Archive.org as well and possibly rebuild the site. It’s best to look at some of the sites and domains that are selling now to give you an idea of just what to look for. Simply look at the metrics of the domains that are selling. Shorter domains are usually at a premium as well.
Where to Sell the Domains?
One of the most popular places online to sell domains and websites is Godaddy and Flippa. If you’re serious about how to make money buying and selling domain names then you’ll spend a lot of time there. It’s best to analyze the sites and domains that are selling to get a better idea of just what you can charge for the domain.
Selling Just the Domain Versus Selling a Complete Website
Sometimes reanimating the domain name from content that was previously on the site from Archive.org can bring a higher premium for the website and domain. However, just selling domain names themselves can be ultra profitable as well. There is more work in adding the content from the old site but can be worth it.
Getting More Information and Help
If you want to learn more about how to make money buying and selling domain names be sure to check out the Domain Flipping Mastermind which features loads of content and secrets to this lucrative online marketing project.