ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

How to make a tons of money buying and selling domain in 2020

Updated on June 19, 2020

Another method of making money online is by buying and selling domain names. This method of making money online has been around for many years, and it's very profitable. More than 300 million domain name has been registered and the number keeps counting everyday, but a large amount of those domain names are available to be resold for profit.

Source

What is a Domain name?

A domain name is a unique name used to identify and access a website. The domain name is used to access a website using the internet, instead of using an Ip address. An example is www.yourdomain.com.

Things to keep in mind while buying and selling domain

  • Choose high quality keywords in you domain
  • Buy domain of the latest trending keywords
  • Manage your budget
  • Reinvent your profit
  • Know the worth of your domain names

Choose high quality keywords in you domain

When buying a domain, keep in mind that high quality keywords is demanding and will offer more profit. What i mean is keywords similar to "money," "bet," "tech," and more, offer more value.

Buy domain names with latest trending keywords

Let use the keyword "coronavirus" as an example, domain names with coronavirus are being sold for a high amount of money, because the keyword is very demanding. Because of the current coronavirus pandemic, people are willing to create blog post about it, so they might need a domain name to spread the information. Lets use the domain name coronavirus101.com as an example, it is currently priced at $28,000. The domain name might have been bought at a rate of $15 - $10 and if it being sold the owner of the domain will have more %1000 profit in return, which is really great.

Manage you budget

It depends on what you plan to invest in the business, let's say you plan on investing $1000 buying and selling domain. You might have to about %50 to %70 of your budget. Keeping some spare money is important, so you can quickly grab trending keywords and gets quick sales.

Reinvent your profit

Reinventing your profit is very important, if you have many domain names available for sales, you will be able to sell at least one domain per month. Reinventing your profit can bring more money and increases the amount of domain you can sell per month.

Know the value of your domains

Try not overprice your domain name and do not underate the pricing, overpricing your domain names will lead to no sales. Knowing the worth of your domain is very important, you can check the worth of your domain by checking the value online.

How to get started buying and selling domain names

Purchase your first domain name

In order for you to get started, you will need to purchase a domain name, there are different website that will allows you to purchase domain names, an example is Godaddy, Namecheap, Hostinger and more.

Place your domain name for sale

To sell your domain name, you will need to place your domain name for sale. Godaddy auction is a very popular method to sell domain names. It cost $4.99 per year and fees will apply for each sales you are able to get: A fee from %20 - %10 is charged.


This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.

© 2020 David Komolafe

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
    ClickscoThis is a data management platform studying reader behavior (Privacy Policy)