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Friday, 1 March 2019

Buy And Sell Domain Names To Earn Extra Money



When someone says I want to make online in 2019, they seldom think of buying and selling domain names.

That said, it can still be a pretty lucrative option.

However, if you think that you will earn real money without much commitment, then you have another thing coming.

While buying and selling domain names can earn you a decent side income, you still can’t depend on it solely.

But I won’t rule its profitability out just yet because some folks have garnered massive profits by selling domain names.

Here’s the list of some of the highest prices paid for domain names.

And the list doesn’t even end here.

The reason I’m showing this list is to give you an idea that sometimes it can prove to be extremely profitable.

Profitability depends on two crucial things:

Owning a good-quality domain name
The way you promote your domain name


As I mentioned, it all comes down to the quality of the domain name, and the rest depends on how you promote it.

Apart from those mentioned above, some other tips should be taken into account if you want to make money with buying and selling domain names.

TIPS FOR BUYING AND SELLING DOMAIN NAMES TO MAXIMIZE YOUR PROFIT


1. NARROW DOWN YOUR TARGET AUDIENCE


Initially, don’t focus on selling the domain name to the highest income buyer.

Before you jump at me, hear me out.

I have witnessed that some folks get super excited when they are a novice in this business.

For instance, if you flock to buy domain names related to healthcare firms because you think that doctors are generally wealthy, then you are heading for a disaster.

For one, without any knowledge in this niche, you wouldn’t know who to target and how to promote your domain name.

Therefore, it’s imperative to select your target audience and domain names based on profitable industries you understand.


2. FIND HOT KEYWORDS


Identifying the right keywords for your targeted subject matter is quite simple.

Just head to Google Keyword Planner. Don’t worry. You don’t have to pay a single dime for it.

With Google Keyword Planner, you can easily find high volume search terms.


WHERE CAN YOU BUY INEXPENSIVE QUALITY DOMAINS?


There are plenty of options available if you purchase inexpensive domain names. You can either participate in online auctions, register for a new domain, or buy directly from web hosting platforms.

Here’re some top platforms to buy a quality domain name:

PLATFORMS WHERE YOU CAN SELL YOUR DOMAIN NAME:


Searching for a direct buyer isn’t an easy task. Therefore I have curated a list of popular sites where you can sell your domain with high profits.

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