Have you heard about domain names that sold for over amillion dollars? Inspired by this, you imagine registeringa great domain name, hanging onto it for a while, and thenselling it off to become the next multi-millionaire. Itcould happen, but don`t count on it!
First of all, many of the truly great domain names arealready taken. Second, the dot com bust took some of thewind out of inflated domain name prices. (If you sell yourdomain name for millions of dollars worth of stock in apublicly traded dot com flop, what is the name reallyworth?)
The cybersquatter buys domain names totally on speculation. Sometimes he will register names of famous brands,companies, or individuals. Time and again, these domainname speculators learn the hard way that they must respectintellectual property rights. They hope that some largecorporation will pay big bucks to them for the use of the company`s own (already trademarked) name. Instead, theyend up with threatening letters from a law firm for theirattempts at extortion.
However, you can still make money from domain names ifyou are sensible in your approach. Here are somesuggestions on ways to profit.
1. Affiliate Programs: Use your domain name to promote anappropriate affiliate program. Either redirect to theaffiliate site or write a review that links to them.
2. Informational Sites: Create content and then profitfrom it by earning advertising revenue through Google AdSense or a similar program.
3. Redirect to Your Own Site: Some reasons you might wantto do this include preventing competitors from using a particular domain name and benefiting from searches someusers perform by domain name. (For example, if they wantedto order flowers, they might just type "flowers.com" intheir web browser. You could get some traffic and salesthis way.)
4. Product Sites: Create your own or sell someone else`sproduct appropriate to your domain name.
5. Park Your Domain Names: You might feel that your namehas real potential for resale value. There are companiesthat will allow you to park your domain on their servers,advertise that your name is for sale, and split advertisingrevenue with you.
The trick is to generate traffic for your domain name. That traffic in turn will create revenue. Then, when you go to sellyour domain name, you will have a few things going for you.
First, you will have a fully developed website. A fully constructed building on a piece of land increasesthe value of the real estate property. Similarly, the value of your domain name is enhanced by a complete and operating website.
Second, you have traffic. Just as a shopping mall with notraffic results in no sales, so a website must have trafficto generate income.
Third, you have income. An income property, such as anapartment building, can be appraised on the basis of its income (as well as other factors). Similarly, the grossincome, net profits and cashflow of a website have value. For example, if someone offered you $1,000 for yourdomain name and website when it was generating $10,000 perday in profits, you would likely laugh at him.
You really can profit from your domain name investmentsby adding value and properly developing your webproperties.
For further information about profiting from domain names, visit http://www.yenommarketinginc.com/domain-names.html
RESOURCE BOX:
J. Stephen Pope, President of Pope Consulting Inc.,http://www.popeconsultinginc.com/ has been helpingclients to earn maximum business profits for overtwenty-five years.
For valuable Work at Home Small Business Ideas,visit: http://www.yenommarketinginc.com/ |
