Complete Guide On Selling Domains! - By: Cody James, 2008-12-02
Domain Flipping
What is it?
Domain Flippng is a very popular way to make money online, a domain is simply a web URL for example www.google.com. There are other extensions besides .com for example .net .org .info .tv .biz and many more. So by domain flipping I mean selling a Web URL, domains are unique there is only 1 of each. Domain Flipping is also known as Domaining, you might of heard about domains selling for millions but this is no always the case infact you will probably never sell a domain for that amount but what you don’t hear is domains selling for thousands or hundreds of dollars, there are people that make a living off selling domains. Say for example you have 50 domains that you bought for $6 each (which costs you $300) then you sell them for $100 each, that’s $49,700 Profit! That’s an average wage now image if you made that kinda money doing this part time , and still keep your main job you could have 2 wages! Domaing is not as easy as ive been letting on it can be pretty difficult but it can also be very rewarding. The more effort you put into it the more you get in return. There is a phrase always used in domaing and that is “Always do you research” Check what domains similar to yours are selling for and don’t just buy a domain cause it sounds like a good brandable name, 9 times out of 10 a domain like FreeGames.com will sell better then Cabreak.com for the simple reason FreeGames.com has 2 great keywords “Free” and “Games” where Cabreak.com has a made up name, just to make things clear a registrar is a website you can register domains at.
How to pick a good domain
Make sure if you register domains as apposed to pick up dropped domains (dropped domains are domains that are about to expire) to use a common registrar because when you register a domain most registrars (all that I know off) make you wait 60 days before you can transfer the domain to someone’s account on another registrar BUT if you choose a common registrar you can transfer the domain to an account on the SAME registrar as you. As I mentioned before FreeGames.com would sell better then Cabreak.com because Freegames.com has 2 keywords BUT you might say well Google.com is a brandable name and the domain is worth a lot yes it is because Google.com gets a lot of traffic the more traffic the more the domain is worth.
Here are a few things that influence the price of a domain:
*The extension, usually .com is worth more then .info. So for example House.com would be worth more then House.info.
*Traffic, The more traffic the domain gets the more its worth.
*Age, The older the domain is the more its worth.
*Revenue, How much revenue the domain makes (if parked or has ads) can influence the price of the domain.
*Development - You can buy packages for example a website and domain, these are worth more then just selling a domain. So you can develop the domain and get traffic and sell the website/blog/forum with it, and in theory make more money. There are free pre-made website scripts you can find using google.
To pick a good domain name you need to use tools! Its like trying to bust a coconut open with your bare hands when you could use a rock it’s the same with domaining, using tools can give you an advantage. Ill list tools later on in this ebook.
Another thing you must do is research! A domain maybe worth $xxxx then a few days later its only worth $xx. Domain Flipping is a gamble you can increase your odds by:
*Researching - Similar domains and how much they are worth. A good thing to do is searching all different types of domains and studying there prices so you know when there is a bargain.
*Tools - This also ties in with Researching because there are many tools that help you find prices of similar domains. But there are other tools you can use for example some domain searching websites when you search for a domain will tell you other options in extensions or some even tell you other domains that are similar that you can register.
*Advice - there are tons of domaing communities that you can get help from if you are unsure of something. Ill post a few later in the ebook.
*Popularity - Think about the domain you want to purchase or already own and think how many people does my domain apply to? For example getting a domain that only has an audience of 2 will not be as easy to sell as a domain that has an audience of 200,000.
There is a good tip before purchasing a domain and its thinking to your self “Who will use it” if you cant think of anything then the domain might not be worthy anything. But if you own a domain or can register a domain that has a wide audience then you might of picked a winner, here are a few things to remember when picking a domain:
*Words - Don’t use many words in a domain for example TheDoorKnobHandle.com use something smaller DoorHandle.com or DoorKnob.com.
* Popular keywords - Some keywords are more searched (popular) then others. There are tools for this ill tell you them later.
*Who’s going to use the domain? Try and pick a domain that has a broad audience which means more potential buyers.
There are many different areas of buying domains for example a lot of people buy domains that have something to do with a certain item (Could be a video game, anything that is sold) so for example if you picked a popular video game and you wanted to make a domain that had the video games name in it, I’ am going to use Game to represent the video games name. Here are some examples:
GameForum - Forum/blog about the game.
GameShop - Shop where you could buy the game.
BuyGame - A place to buy the game.
TryGame - Try a trial of the game.
There are a lot more I could think of but these are just to get you to think. BUT be careful that the game isnt trademarked and/or you wont get in trouble for using the games name in the domain. DO RESEARCH!
These domains can be pretty popular depending how big the audience is for the game. Instead of video games you could have celebrities names or even things that happen on the news can be pretty popular but be careful you don’t want a domain that is “Yesterdays” News, again be careful when buying these domains.
Another area of buying domains is Generic Domains, Generic domains are pretty much words like chair, bag, cup, computer, fishing these are every day words. You don’t just have to have 1 word in a Generic domain you can have as many as you want if you really wanted you could obtain BuyOrSellFish.com Just make sure that the domain makes sense you don’t want a domain that makes no sense like IWillMeHow.com
If you cant get a domain you want for example MyGroup.com you could search a thesaurus for the main keyword or keywords in this case “Group” and you could try the domains MyClan.com MyCult.com MyClub.com there are more. Ill tell you a good online thesaurus in the tools section.
Tools!
Yes I’ am finally going to tell you some good tools to use when domaining,
Tools are very important can help you decide if a domain is worth more then reg fee (reg fee means how much you paid to register the domain), but keep in mind even if you use these tools it dasnt give you 100% chance of making money it just increases it.
If you are not going to develop a domain then you should park the domain, what parking is well have you ever seen those website when you go there its just got links and related searches well parking can be a good way to make some extra cash while trying to sell your domain depending on the traffic your domain gets, if someone clicks a link on your parked domain then usually you should get money now its not much but it can add up, even if you just make as much as you paid for the domain then you don’t “loose” money. Some parking sites will say on your parked domain wether the domain is for sale. So just from parking you can earn money (depending on the traffic).
Here are a few good places to park your domains:
www.sedo.com
www.parked.com
www.google.com/domainpark/
Another good tool is keyword population, what this does is tells you the most popular searched keywords, this can be very useful for when trying to think of a generic domain.
Here are a couple:
http://sem.smallbusiness.yahoo.com/searchenginemarketing/
www.google.com just search a word, the more page results the more popular the word is.
https://adwords.google.com/select/KeywordToolExternal
http://freekeywords.wordtracker.com/
When you are talking to a potential customer / buyer be nice but firm, don’t just collapse when they offer play it professional. Sometimes its good to reply with a question like so, If they say “how much you want for the domain” you reply “how much you willing to pay”. if they give you an offer that is not worth it then just tell them how big the audience is that will buy the domain and tell them it’s a great domain and worth more. Another good trick is to say your running late or very busy and must go and you wont accept this offer this can sometimes make the buyer increase there offer by a lot. This is a great tool to use, if you are contacting them by email or phone its a lot easier to negotiate a price because if you talk to them in person it can be really hard to stay firm and it’s a lot easier to collapse.
You can backorder / collect dropped domains what this is paying a website to try and buy the domain quickly before it expires and before another person gets it, if there are 2 people trying to get the domain then it will go to auction. This can be really good if you find a domain worth a lot and backorder and get it!
Backordering usually costs around $60 BUT if the website dasnt get you the domain then you don’t pay.
www.snapnames.com is a really good website for backordering
There are many registrars you can use to register domains, but you want to get cheap domains and use the registrar everyone uses so that you can sell and transfer to someone that uses the same registrar as you.
Well a really popular registrar is www.GoDaddy.com you can also park your domains with GoDaddy.com and there are coupons you can use to get cheaper domains. Just search google.
Another good registrar is www.Name.com they have some pretty good deals and a lot of people use it.
There are also good tools that will show you what domains have been sold this can be really useful If you want to see what is selling at the moment and what is not.
As I mentioned up in the section called “How to pick a good domain” that if you cant get the domain you want then use a thesaurus for the main keywords. Here is a good online thesaurus:
http://thesaurus.reference.com/
There are many communities for domaining (domain flipping), I found one that has everything you could want for a domain flipping community, you can sell, buy your domains or even get them appraised (which is pretty much a quote on how much they are worth). The community even has a chatroom that has at minimum 15 people. The name of the community is NamePros.
Link:
www.NamePros.com
So check it out.
Written By Cody from MadHound.net