Introduction to Domain Name Reselling

You must have heard about the dotcom bubble and how people made millions of dollars hardly lifting a finger.Perhaps you want a piece of that pie.

If you must know,those days are over,long gone.The market,players,and money have all changed.The cost of registering a domain name has gone down significantly,even the mediocre names all seem to be taken.So where does that leave someone new to the market and how should they behave today?Although there are still many opportunities to make money from domains.The domain business is so promising and less costly.You could start with a low capital of $8 and make $1000 within days.You could also monetize them and make daily income for as long as you wish.The domain business is actually worth a try.

The first thing people are often tempted to do is buy a domain name once they hear about the opportunities to make money.One thing to bear in mind is that investing in domain names is not something new anymore and money is not going to fall from the sky into your pocket.

First,you need to find an available domain name.A good tool is located at http://www.Domainstate.com which provides a real time availability.You need to keep a piece of paper and jot down any available domains you think might be worth buying.

A few tips to keep in mind when finding names:

1.you must be able to pronounce it.

2.you must be able to spell it.

3.Hyphens and Numbers are normally a bad sign.

4.Be careful what you register.Infringing on other peoples trademarks could get you in serious trouble.

5.Do not add meaningless word to the end because the original is not available anymore.

6.Target specific niches with related words.

Once you have found names to register you need a domain registrar and some of the tips for picking a domain registrar are:

1.Spend a minute or two to look at their website to confirm if they are reputable.

2.Give them a call.See if they have phone number listed,does anyone answer?

3.Try emailing support with a question-is their response time satisfactory?

4.If you try and buy something does it use SSL.Check if the website address says http:// in the address bar to show that your transaction is at least encrypted protecting your personal information.

5.Check their terms of service.Some registrars have very strange term of service.

6.What do others have to say about them?Try searching the company name at popular forums such as Domainstate located at http://www.domainstate.com and webhosting Talk at http://www webhostingTalk.com.

7.No registrar is perfect,they all have problems.Some big,some small.Remember we are all human.It is more important how we resolve those problems once they occur.

SELLING DOMAIN NAMES

Selling domain names is one of the most difficult thigns for people to do.One thing to remember is there are generally two ways to evaluate the worth of a domain name.The first is based on revenue that can easily be generated from it.Domain names with revenue are purchased normally based on 1-10 years worth of revenue with adjustments for risk and direction of revenue stream that are related market expectations.The second method of valuation is less defined.Price is determined by an arbitrary value perhaps based around potential which the seller thinks he can get and a buyer agrees to pay.This is the category into which most end-user sales fall.What motivates these sales in this manner are hard to define and varies a lot from case to case depending on buyer to buyer.

The reseller markets are often centered on forums such as Domainstate at http://www.domainstate.com,DNForum at http://www.dnforum.com and webhostingTalk at http://www.webhostingtalk.com to name a few.Putting domains for sale on forums can often result in offers within minutes providing the prices are reasonable.These are not places where you are trying to locate end-user buyers.They offer cash a lot quicker.If you need to cash out quickly or want to work on small margings,these are great starting points.