Buy A Potential Website Or Domain Name And Make Thousand Of Dollars From It

February 15, 2012 by  Filed under: Domain 

Buying a potential website or domain name and making thousands of dollars from it may not seem like it is a possibility if you are unfamiliar with life as a web entrepreneur, but the more you learn, the more you will see how likely it is. In order to take advantage of the web property deals out there, however, you need to have a strong command of the environment. Purchasing such an asset is not unlike buying a real home. You want to make sure it is in a good location (industry), and that it has a specific appeal to it that you cannot get anywhere else (craftsmanship). You also want to make sure that you can find a motivated seller, who will take an offer that can make you profitable. Amenities, such as an established following and content, can also sweeten the deal. But you also need to know where to find potential buyers and how to approach them.

While one can buy a domain name for just a few dollars from any web hosting service, many prefer to spend a little more and resell at a bigger price. Why do they do this, and how is it profitable? Taking these one at a time, it is firstly a good idea because it can give one a foundation and structure that they can improve upon more quickly in order to find buyers with deeper pockets. Secondly, if you put in enough legwork into developing the site and making it an attractive property, you can sell other buyers on the reality that what they are getting is a lot more important than a simple name.

Where do you find buyers, though? Start with the actual domain name. What industry is it in, and how can you interest people within that niche specific industry to take a chance on the product (name) itself? The answer is easy. Start traveling in the same circles, either virtually or realistically. By getting in touch with marketing professionals and web entrepreneurs, who are looking for sites in your industry, you can make your domain name a more attractive property, and take away a lot of the tedious creative work on the front end.

Once you have got their attention, it also helps to have solid numbers you can then use to make the property even more valuable. If you have 5,000 unique visits per day, then use that to drive the cost of the product up as high as you can get it.

Making money online through the purchase and resell of a domain name is a lot easier than you think it is, but it does require work and patience to get it to that point.

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Article Source:
http://EzineArticles.com/?expert=Darren_W_Chow

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