subject: Newbie 5 Golden Rules For Buying Domain Names & Reselling Them For Profit [print this page] Newbie 5 Golden Rules For Buying Domain Names & Reselling Them For Profit
Are you a newbie looking to buy domain names and then resell them at a profit? Here are five golden rules to live by:Golden Rule # 1. Buy dotcoms only. Until you get more experience, stay away from ccTlds such as dotcc, dotws, dotpk, dotms etc. The key reason why you want to do this is because dotcoms are still king and are in more demand than any other extension. Plus, you have more wiggle room in selling a poor dotcom. You are more likely to sell a dud dotcom than a dud dotms or dotws. Just go to DnJournal dotcom on a weekly basis and read the domain sales chart and you'll see dotcoms still rule.Golden Rule # 2. Register names that can be identified with a product or service rather than registering cute or fancy brandable names. You should do this because for the most part, buyers of domains want domain names that are descriptive and can easily signify to the customer what their businesses are about. Don't forget that that business owners don't want prospective customers to have to guess what their business is about when they see their domain names.Golden Rule # 3. Don't go crazy registering loads of domain names. This is certainly advisable because as a newbie, you might end up spending a lot of money on poor names that you are unable to sell. Register a few dot coms first, say 5 or so names, then try to sell those before buying namesGolden Rule # 4, Don't over pay for domain names. Again, until you learn the business a bit better, stick to buying domains in the $5-$20 range. Remember, you aim is to buy domains and resell them at a profit.Golden Rule # 5, Promote your domains for sale. You could do this by Setting up a blog and listing your domains. Then you can write articles promoting that blog and submit the article to article directories. This is an important step because relying on a potential buyer to find you can be a slow, painstaking process. .If your primary objective is to buy domain names and then resell them , then follow these time-tested rules. They have been proved to be noteworthy for many who have used them before you. Follow them scrupulously for ultimate success and great satisfaction.
