High-demand domain names sell for many millions of dollars: or so you've heard. Intrigued and motivated by such riches, you keep dreaming about how you would purchase some great domain names, see how it goes and then voila! Along comes a buyer and you are Richie Rich...well, it's plausible, but don't bet on it.
Why? Simply because most of the best domain names are already registered. Besides, the dot com bust, which was all about Internet stocks going up and down unpredictably, was able to get rid of ridiculously priced names. How much can you truly gain from publicly traded stock, even if the stock is worth a few million?
Buying domain names on pure speculation and hoping someone will search for it, and offer you a few million to hand it over to them, is quite unrealistic. Sometimes it does happen, but it's more likely to be a waste of money on your side. Something most cyber squatters conveniently forget is intellectual property rights.
Registering these names can be a fun and profitable activity, as long as you don't use already trademarked brand and company names. No corporation or individual will pay for what's rightfully theirs in the first place. If you expect someone to pay exorbitant sums for any of the names you own, be prepared to get served with a lawsuit.
While buying and selling domain names can be a risky pastime if you resort to mere speculation, you can make a great profit without losing your integrity, or facing defamatory actions, by sticking to a few basic rules and guidelines.
Joining Affiliate Programs:You can use your existing domain names to link to an affiliate program or give a good review about it, along with proper links.
Providing Information: Instead of trying to grab instant riches, try earning bit by bit. Converting your available domain names in to web sites with informative content can give you a definite advantage with opting for programs such as Google
AdSense.
Creating Redirection To Your Own Domain: yes, this helps. If, instead of searching via keywords, someone types in "books.com" on their web browser directly, and you offer books through your web site, redirecting the user is a great way to get more traffic and sales.
Promoting Product Sites: either sell your own product or arrange for someone else's to be sold
through your domain, which must be suitable for the product.
Park Them: parking your domain names is when you keep domain names on a particular hosting server, advertise them via the hosting company, and once a sale is made, divide the advertising income with the host/advertiser.
There's no rocket science here; it's all about the amount of traffic you direct to your domain names. More traffic means more money, it's as simple as that. When following these simple guidelines add more value to your domain name, it has the true potential of making you a millionaire.
Primarily, the web sites under your domain names would be complete and functional. A fully developed web site adds immense value to a domain name.
Apart from that, you also have directed traffic resulting in sales- from search engines, advertisements and linking. Just like a store across the road, where they don't get sales unless people walk in.
It's the same concept. Each of your domains receiving good traffic will bring you increasing sales and bring you a steady income. A domain name can easily be evaluated based on its income, which is a great way to add value to it.
