Things You'll Need:
- $7 - $150
- Internet Connection
- Time
- Willingness to Learn
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Step 1
You need to first understand what makes a good domain name to resell. The easiest to resell are called generic domain names. These are domains that people may type directly into google address bar to find our information about the product. For example televisions.com sold for $215,000 last year. The best way to learn what makes a good domain name is to read online and check out the domaining forums listed in the resource section.
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Step 2
Next you have to be realistic on what type of domain names you will be able to register starting out. The reality is very few of us have $200,000 to shell out for a domain name so we need to look a little further afield. Instead of Televisions.com what about PlasmaTelevisions.com or CheapPlasmaTelevisions.com. These are called 2 key word and 3 key word generic domains.
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Step 3
Another option is to buy and resell domain name that is only partially generic. For example EliteTraining.com would be great for a training school called Elite. Just be sure you don't register any domain names to resell that are trademarked. For example Wiigames.com will get you a quick Cease and Desist letter from Nitendo.
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Step 4
Try branching out to other TLD (top level domains). Most of us are use to the .com domains, but there are also .net, .org, .tv, and .us domain names. The value normally drops the further from .com you get, but for newcomers it is a good place to discover possible domain names to resell. Please realize opinions differ greatly on the value of non .com domains.
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Step 5
When your first purchasing domains don't buy more than 10 starting out. They usually only cost about $7.00 through GoDaddy or other domain name registers. Limit yourself until you really understand what you need to look for in a domain name. Check out some of the sites in resources for more information.
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Step 6
Once you have registered the domain names you plan to resell time to start selling. When your first starting out the domain name forums can be intimidating but they are the best place to resell your first domain names. Just get a paypal account list the domain name any traffic if there is any in the appropriate location in the forum. People will be quick to tell you if you selling it for too high a price. On the other hand if you sell it right away your probably selling the domain name for to low a price. Check out the E-how article on domain pricing in the resource section.
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Step 7
Once you have some experience pricing domains check out the major domain name marketplaces like Sedo.com, Moniker.com, Snapnames.com, etc. The links in resources can give you some places and make sure you check out DNJournal.com for the latest news and domain sales. The marketplaces tend to resell domain names at a minimum of $250 or higher so you need quality domain names. They also take a cut normally 10% but this includes an escrow service normally which is good thing to have for higher end domains.
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Step 8
Finally try selling to an end user. Whenever you resell a domain name to another domainer you lose 20%-30% of what you would have made selling to an end user. For example a Vienna car dealer will pay a lot more for Viennacars.com than another domainer. Just watch out for trademark issues. You can contact potential end users by e-mail, in person, or even good old snail mail.
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Step 9
Once you have successfully resold some domain names then invest a little more time and money. There is nothing like finding that diamond in the rough that gives you a 100 times return on your initial investment. Most of all study and check out other domaining sites.
