Can You Make Money Selling Domain
With so many ways to make money online and the majority of
them being highly dependent on having a good URL, it’s not surprising that domain names have become a highly
valued commodity. Thus, many entrepreneurs have come to the conclusion that reselling domains can be highly
profitable. So, while you can make money from domain speculation, you need to understand that it is also a
The Risks of Selling Domain
Going into business selling domain names will automatically
require an initial investment. The amount you invest can be as little as $50 but you have to remember there
is no guarantee the domains you purchase will sell, let alone for a profit.
Of course, you can do a lot to increase your chances of
making a profit by making sure you choose domain names with potential, but even then there is no certainty
that you will find someone willing to pay you to purchase the domain from you.
So, this is why it is imperative that you don’t go into the
business of selling domain names if you don’t have an alternate source of income, at least at first. It will
take a while for you to learn what works and what doesn’t and if you give up your day job right away, you
could find yourself in dire straits.
Even established domain speculators will tell you that they
have periods when nothing sells and that they’ve also bought tons of domains they couldn’t sell or had to
sell at a loss, especially if they paid a premium for them. The key is to have realistic
Realistic Expectations Are
No business will be profitable right out of the gate, which
is why you need to set realistic goals and expectations. You’ll see domains being sold for huge amounts of
money but you have to remember that for every domain that sells for $10,000, for example, there are thousands
that sell for under $50 and these are just the ones being sold by resellers.
So, you need to be realistic and understand that finding a
domain that will make you rich overnight is highly unlikely. In fact, many of your sales will probably be
well under the $50 mark, but even so, that is still an excellent profit on something you paid less than $10
Reselling domain names can be a great business but you need
to be prepared that not everything you buy will sell and that you won’t become rich overnight. As long as
your expectations are realistic, though, and you do your research properly when it comes to picking domain
names, you have a much better chance of developing a sustainable business that will generate a profit for you
in the long term.
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