How To Make Money Investing in Domain names.
There are a lot of ways to invest and make an extra income online, and investing in domains happens to be one of them. Since 2013, over 183 million domain names have been registered but none of these are being used. A large amount of these domains are hoarded by domain flippers who later flip them to new buyers.
Now if you are a newbie in this particular field, you are mostly advised to start purchasing domain names with a small budget until you gain relevant experience in the field.
With Domain investing, you can choose short term or long-term investment. In this article, we will be discussing long term domain investment for higher profits.
Domain names are hot commodities in today’s tech-centric world. The $16 million sale of ‘insure.com’ to Quinstreet in 2009 may have set the world record, but even lengthier domain names are routinely sold for hundreds of dollars every day. The result is a unique opportunity for investors to invest in domain names that can be sold for a profit in the future.
The concept of long-term domain investing is to purchase a valuable domain name for a low price and sell it for higher price years to come. Most domain investors purchase multiple domains for as little as $15 and sell them for as high as $100,000 or even millions depending on many factors.
Types of Domain Names To Invest in
Conventional business names, for example, dental specialist or chiropractor, can be extraordinary investments when joined with geographic names.
Words that portray an item or service, including new and rising items, can be an incredible investment. In any case, it’s critical to keep away from any copyright or brand name gives that could bring about domain relinquishment.
Names of urban areas or nations, including cutting-edge areas, can be extraordinary investments after some time that can be offered to web designers hoping to build online community hubs or other businesses centered on those communities.
timely names can be incredible investments when joined with occasions happening in that year, for example, 2040nba.com, fifaworldcup2030.com, 2022OlympicPlayers.com…etc
Buying Premium Domains and Reselling It
Premium domains are valuable, brandable domain names. There are websites that search through thousands of domains to find premium domain names, they register these domains and sell them to investors like you for a much higher price.
Instead of the average $15 to $20 one domain could go for, you pay anywhere from $500 to $3500 for a single domain. The advantages of purchasing premium domains from these companies are that the domains are guaranteed to make you profit and it saves you time from searching for your own premium domain.
Purchasing a $2000 domain from a website like hugedomains.com in 3 -5 years, the domain could be worth 2x – 10x the price you bought it.
Just like other investments, there are many risks. Every domain investor should carefully consider certain things before buying and selling. The three largest risks are legality, liquidity, and subjectivity. There are also a ton of other factors ranging from misleading appraisals to faulty escrow payments.
SKB Journal appreciate you a lot for reading! If you enjoyed this piece by Samuel Kwame Boadu, kindly hit the share button and help others to also see it. You can also like our Facebook page, so you know when we make new posts or Click to JOIN our Telegram Channel where we post JOBS + TIPS