Dreaming To Make Millions By Selling Your Domain?

Virtually every day you may hear stories about some domain names being sold for thousands of dollars. Hearing that you might be tempted to leap into domain business straight away hoping that on one lucky day somebody becomes interested in your domain and will pay you a fortune for it. Right?

A common problem with newbie’s, however, is that they don’t do enough research and start wasting their money on worthless domain names. After half a year or so their faith starts to decline and they are back to the same situation where they started but with much lighter pockets then previously.

Some unlucky people even get into troubles with trademark issues. They get sued by companies holding trademark and then they start showing their temper to people on forums and various message boards.

Most of new domainers can’t even monetize their domains enough to pay the renewal costs for the upcoming year.

If you only have a few domains then you can certainly withdraw the amount from your own pocket. But when you buy 100’s or even 1000’s domains it is extremely hard to renew them at your own expense without earning anything from the domains.

My advice for beginners would be to start from 30—50 domains, no more. They can make you from 10 to 20 renewals a year even if they are not very popular. Some of the domains might give you more profit and fill the gap for you. In the end, most important is to not lose a domain name for nothing. The minimum you should aim to recover from a domain is its registration fees. This will help you maintain your domain empire and will not allow it to collapse.  Even 1 dollar is a big loss if you own a few hundred domains.

So what sort of domain names you should purchase?

First of all, choose carefully, do not rush.  3-haracter com-domains these days are creating a real commotion in the market. Their prices raise sky high in the domain aftermarket. Generic dictionary words have also been sold out long ago. Newly introduced TLD’s are not so secure today, and dot-com still rules the market. You might of course succeed with other TLD’s, but if you are new to the business, we would advice you not even try.

4-letters names from AAAA to ZZZZ have 456976 combinations, and almost none of those left  by now. If something is still available, it’s likely to be gibberish.

So how should you proceed if you decide to get involved with the domain business?
Look for someone who is selling their domains cheap. There are a lot of websites where you can find such domains on sale at relatively low prices. You can visit forums and message boards specifically created for this kind of information. If you don’t know any you could start from nameslot.com. Visit them and take a look for domain names which might fit your needs and then try approaching the seller. You should also watch out for trademark suits and blacklisting for the domain(s) you are interested in. You can usually obtain this information by at whois.sc by doing a search for the domain in question.

Stay tuned for the latest news in the field. Who knows, you may become the lucky one who snatches that domain name for a small registration fee and sell it later for an astronomical price! Work on them and make them work for you! This approach will keep you in the game for long run. The main point in the domain business is not to win the game, as there is no ultimate goal, but to stay in the game until it lasts.

Good luck and happy domaining!