Make Money Online - Sell Your Domain Names For Big Bucks
Want to know how to make money onilne ? The domain name cardiology.com just sold for $550,000 - was that bargain or a waste of money ? Well probably a bargain given that in a few years time it might be worth 10 times that and in the meantime it is a very good name for monetization and bringing in mega advertising bucks.
This post is an update re. sales of domain names. I have decided to spend more time working on this aspect of making money online as I feel there is more money to be made in it than in 'pure blogging' , especially for someone who is just starting out.
Domain names are very easy to buy (not so easy to sell but I'm sure that will come) and if you find the right names the potential is far greater than from blogging. Blogging I see as a way to make a steady amount of money, providing you can get the traffic, and a lot of money if you can get a lot of traffic, but this might take time.
Domain names on the other hand are far more democratic. You don't need a reputation or an adoring public, in fact anonymity seems to be all the rage in domain name sales, - all you need is a bit of ingenuity and the willingness to look for good names.
What makes a good name ? See 8 Top Tips for Choosing the Perfect Domain Name - and answer this question, is pcvirus.mobi a good name ?
I came up with this name, which nobody had registered, but wasn't sure, so I asked those knowledgeable fellows over at namepros. I received two answers - one said it was rubbish and a waste of time, the other said it was an excellent name and that I should ignore expert no. 1. !
I personally thought it was a reasonable name but didn't register it as I'd already registered quite a few and thought a .mobi would be a long-term investment too far. The second guy said I should register it and that if I didn't want to then he would register it instead, which he duly did. So, really, opinions are like a-holes, everyone's got one. Now I agree with the guy who registered it, I think it's a good name for the future.
When looking for domain names what I would say, is that you need to go for generic type names e.g. 'insurancequotes .com' rather than the more wacky 'itgrowsontrees .com' - a money site I registered ! The interesting thing about money is that it DOES in fact grow on trees. (It's made of paper). So I still think the name is a good name, just that it doesn't have immediate 'kerb appeal'.
One last point, if you think all the good .coms have gone then have a look at .in or .cn or .tv or .mobi these are names for the future and there are plenty still available. Happy hunting.
And what about cardiology.com ? Well here is
A Selection of Names Sold for the Week July 30 – August 5
Top of the bunch – cardiology.com which went for $550,000 and the site isn’t even developed, just a parked page. I guess it's got a lot of potential (now where's my medical dictionary ?).
Bald.com went for $400,000
Supplies.com went for $323,530
Chinese.net went for $180,000 – this after chinese.com went for $1.1 million a couple of weeks ago. So does that mean a .com is worth 6 times a .net ? Although chinese.net is a developed site (in Chinese) and chinese.com is just a parked page at the moment.
Ringtones.net went for $175,000 in a non-auction transaction.
.Info and .org have had two notable successes each with Chinese.info ($37,111) and Mexico.org ($21,000) Of course, .com, as always, dominated with 27 of the 40 chart entries.
Some strange names went for reasonable amounts – which just proves that anything is possible :-
QIK.com - $7,975. SilverWing.com - $5,000 and EnglishIsFun.com - $5,000
YorkiePuppy.com - $3,425 (why ? one wonders)
NewYorkCityShoppingGuide.com and 34DD.com - $2,450 each (so how much for 44DD ?)
An interesting point of note Chinese.info was sold for $5,500 in November 2005 this time it went for $37,111 and Houston.info went for $17,000 compared to $4,000 in April 2004. So 7 times and 4 times respectively, plus they were probably bringing in a fair amount in advertising revenue in the meantime.
So have a good look at the articles in the left-hand column on domain names and see if you can't find some undiscovered gems. It doesn't cost much and it's legal ! Please feel free to leave any comments and/or suggestions. This domain is up for sale too in case you are interested!
selling domain names,monetization,cardiology,domain name auctions,sedo greatdomains