Making money form selling domains

I think this business is always worth giving a try, but unfortunately it’s not always profitable that’s for sure. If you want your business to be successful you will have to work hard. In my previous article I have told you “many domains are taken only because of their value to be sold”. There is one thing that you can always remember about this business: best buyer is someone who wants to create a website with your domain, domain traders will want to resell your domain so they will pay way less. That means you will have to wait a lot and everything will be slow.

If you have some imagination and experience with hosting you could try this business. After all it’s so easy all you need to do is just make sure that you are advertising your self well and wait for someone to offer you a deal.

First of all good advertising often costs, plus you have to pay for your domains hosting. You can avid paying for hosting if you choose free hosting, but free hosting always have it’s minuses. Hosting’s quality can affect your domains price. But if you decide to start this business keep reading.
                      Known company’s name in your domain will always increase your domain’s popularity. You can easily create a valuable domain by taking some famous international companies domain and changing domain’s end from “com” to any other ending for example “co.uk”. Sometimes even companies buys this kind of domains like Skype bought few domains for enormous price when they decided to expand to other countries. Probably this is the best example of making money from domains.

If you see that known company is planning on releasing a new gadget, create a domain with gadget name. For example gadgetnamenew.com or gadgetdealer.com

                      Another good idea for your domain is creating fan pages domains for example bmwfanpage.com or bmwusa.com. Famous companies name will attract you big traffics.

You might need to wait for good buyer very long for this reason I would recommend you to have many domains and never sell them cheap. If you waited one year and no one was interested in one of your domains that doesn’t mean that your domain is worthless that means that you have to wait more for a good buyer.

If you advertise your domain on forums probably only other domain traders are going to connect you, best way to find buyer for you domain is to create small website and offer your domains on it. So you can always remember this: best buyer is someone who wants to create a website with your domain, domain traders will want to resell your domain so they will pay way less.

Creating domains with famous company’s name, but with mistake will attract you some traffic to for example yaho.com or gogle.com but this kind of domains won’t be very expensive.  You will always earn more money if you create a new domain and then sell it compared to buying domain and reselling it, but if don’t have enough imagination look for domain on auctions. If you connect domain trader for specifically one of his domains he will think that you need his domain badly and won’t sell it cheap.

Domain is the first impression of your website

If your website is solid you domain should represent it. If website is childish you should try to represent childishness in your domain.

Your domain is the very first impression of your website. And as you know first impression can by so much. Maybe your website is great, but bad first impression can ruin everyone’s opinion, however good first impression can help you very much.

Bold and complicated domain certainly will attract some rebelling teens, however if your goal is to attract mature people that’s not what you are looking for. 

Choosing your domain at first comes to decision what kind of page views you want more. You can choose a domain which is very universal and if you choose a universal one you will get some accident page views. And at the beginning of your website accident page views could be more then a half of your page views especially if you have high Google page rank.

Choosing something targeted will always give you more real readers who would be interested in reading your website. That would help you to grow your often readers audience. And in future targeted domain would be way more useful then universal one.

Probably you are expecting your page to live more then a year so you should choose targeted domain. Domain should represent your website and show what you are offering.

Choosing end of hosting domain sometimes can help you to make your domain more targeted. For example domain.com versus domain.co.uk domain.com is more universal domain and domain.co.uk is way more targeted to English readers.

Now it is often to see that good domains are already taken, but if you are planning on unique website your domain should be unique too. And unique domains usually are free because many domains are taken only because of their value to be sold. And usually these kinds of domains aren’t unique. If someone has thought about that before you it’s not so unique and usually the most expensive name probably isn’t the best. So don’t waste your money get your own idea!

Match your domain with your logo. When you type in website’s address on your left you see a little logo. Not all browsers show you that logo for example Google chrome shows it elsewhere, but most do. So creating a logo which would mach with your domain is also one of things you must do. For example when you create a website with Joomla, Joomla gives you its logo next to your domain.  So if your website has a Joomla’s logo this is a sign of ignorance.

Pro look on your website should be one of your biggest goals and you won’t reach it without good, fitting domain.

If can’t think of anything look for domains for sale. I don’t say that you should buy a domain, but you might get an idea of how your domain should sound like. Think as a costumer then you see a domain imagine how that website would look like. God knows maybe you will actually find a domain which perfectly describes your page.

Blog hosting expenses

Probably you are planning on making any money from your blog and you understand that your expenses must be lower than income. That’s obvious, but what at first looks obvious later seems something that you can’t figure out.

At least half of hosting providers say that they can offer you affordable blog hosting, depending on your needs. But if you dont have loads of funds I am not sure that you acctually can afford thouse plans. You should save your money, at first choose something cheap, someting affordable, but cheap doesn‘t mean bad. At first best hosting for you is something not complocated. If hosting provider offers you something great, but you havent heard of it before are you sure you need it?
                             You will always be able to change your hosting plan to better or even change hosting company.

Be smart know what features you are really going to use. Maybe you are going to upluad a lot of videos. If so look for hosting that would fit your needs best. And even if some hosting plan at first looks worser than other, costs more, but is more targeted to your needs you should defenatly choose that one.

If you aren’t sure which is best and which is worst don’t rush you can live with cheapest one for a while. That will help you later to choose best one because you will see which features you have missed most.

Best plan is that plan that is good enough for you, not that one whit more features and certainly not the cheapest one. Balancing your needs and founds is difficult and you are never sure have you made the best choice. But you should be always sure that you haven’t made the worst one.

If your blog is going to grow you will need better and better hosting, so feeling that you have chose a plan which is too cheap will be often. But when you have that feeling it is easy to make a mistake thinking that most expensive plan will fix all your problems.

Maybe later when your blog will be big you won’t need to bother so much choosing hosting because you will have enough money to pay for a plan with all features and a lot of space, but at first choosing the right blog hosting is one of the keys to success.

There is one problem that could make things complicated. Every time you change hosting provider. You might loose some of your information, but that’s something you can survive. And changing hosting provider can be useful after all.

At least half of hosting companies recommend you not to change hosting provider, and actually that makes sense, changing only a plan will always be easer than finding a new hosting provider. But changing a plan often can’t be enough. So if hosting company offers you many different hosting plans this is a plus that you might use later.