Fixing or flipping a small business is much easier than real estate for a variety of reasons, and in this brief article I am going to outline and touch on a few of them.
RSS Buying and selling domain names is an exciting adventure that for some seems to conjure up images of finding hidden pirate treasure or guessing the winning combination on the next Powerball. You need a map or some other advantage to guide you toward that elusive booty. Here are some tips to get you pointed in the right direction when trying to buy or sell a domain name for profit.
Narrow your focus There are millions of domains already registered by someone and endless combinations of available domains to register, especially when you consider the hundreds of new domain name extensions like.
If you plan on buying a domain to resell it, you should start by narrowing your focus. What do you know about already that can make this easier?
Do you know about pets, are you in car or home sales? Do you know about education or healthcare? Think about some of the spaces you are most familiar with and start there. It is much easier to sell a domain you know would be valuable to someone in a particular industry.
Without knowledge of the space, you may not know that the American Bar Association and other industry-specific organizations set rules that govern some aspects of legal advertising.
Understand your audience, and the sales will follow. Find names that offer real value Think of ways that the domains you buy would be a valuable asset to the buyer.
Picture someone who would benefit from buying the domain in a space you are very familiar with. If this was you and someone was trying to sell you this name, would it be beneficial for you to own? Use those answers to refine your search for names.
This might be a good deal. How much does one month of rent profit a landlord, property manager or other prospective domain buyer?
Would you buy this name if you were in the space? What kind of domains are landlords, property managers, etc. How much do they spend on advertising? How much would this domain help them to sound authoritative in their space?
If you can answer these questions with confidence and know this niche well, you probably already have an idea of who to contact and how to make a compelling case for how this domain could help their business grow.
Finding valuable domains Now that you have narrowed down what names you should probably be buying, how do you find them?
First, check to see if the names are available to purchase as new registrations. Check your domains SEARCH If the names are taken as many probably will behead over to the aftermarket to buy from people who already own the names or who let them expire because they no longer plan on using them.
A great place to look is auctions. Use the advanced search option to quickly hone in on the type of names you are interested in. You can narrow the results by price, top-level domain i. Using this feature will help you quickly sort through the millions of domains on the aftermarket and find the domain names that best fit your end goals.
Evaluating the price Once you have a name in mind, how do you know if the price is fair? I like to use namebio. You can enter the keyword and also use some advanced search features to see a list of names similar to yours, what they actually sold for, and when they sold.
You can also research current domain sales on venues like GoDaddy Auctions and Afternic. Finally, Ron Jackson issues a weekly report on DN Journal that covers the top public sales of the week.Ali Zandi is the founder and senior broker at Starfire Holdings, a domain name brokerage and consulting firm.
Prior to Starfire Holdings, Ali was the director of sales and acquisitions at srmvision.com, a private domain name investment fund. Wix has everything you need to create a professional srmvision.com to Use · Over Million Users · Easily Customizable · Try It, It's FreeService catalog: App Market, Mailboxes, Online Stores, SEO Wizard, Blog.
Buying and selling domain names is an exciting adventure that for some seems to conjure up images of finding hidden pirate treasure or guessing the winning combination on the next Powerball. Ali Zandi, the founder of srmvision.com, a domain name industry blog offering domain name tips, tricks, insights, news, and domain name brokerage services, Made $58, Profit Flipping 8 Domains in Under 60 Days.
I know by now your answer is yes. There are basically three steps you’ll need to start the business of flipping expired domain names. One way to test whether or not your desired business name is marketable is to order a mockup of a business card and get a sense of whether or not the name contributes to representing your clearly.
The best real estate investment company names account for brand unity. How to Make Money by Flipping Domain Names – Part 3 (Final Chapter) August 23, One of the easiest ways to make money online is by buying something for a low price and selling it for a higher price.