- Business and Employment
Make More Money Online With Domain Parking, Domain Flipping and Best Sites to Park Domains
Make Money with Domain Parking
As I did the research for my first money making hub, a while back, I came across what I thought at the time, was a rather strange way of making money online, and more or less ignored it.
However, the more research I did on the topic of making money online, the more the subject of domain parking and domain flipping kept coming up.
I found myself asking the questions, why would anyone want to buy an expired domain? What was domain flipping exactly? And how does one make money from them? I subsequently found that domain parking and domain flipping can be a lucrative business with a real potential for making a profit for the savvy marketer. I decided to take another look at it.
The majority of online workers will at one time or another acquire one or more domains. Some of which will be allowed to expire for various reasons.
Many people will buy several domain names at once, but never actually get around to developing them all, allowing some to expire.
Although some owners may already have an excellent volume of incoming traffic to a domain, they may choose to move on to another niche. Some of these domains may have a real potential to attract traffic; that was never realised.
It is possible to find amongst the many expired domains for sale, some that are using keywords that are ideal for our current niche or websites.
Someone who is waiting for a particular domain to come on the market can sign up with sites like Domain Backorder; if the domain that a customer hope to acquire, should expire, it will be quickly snapped up by Domain Backorder. Fees are paid only if the order proves to be successful.
When you park a domain name, you are in effect, hosting that domain name somewhere, and are using a parking service that allows someone else to generate traffic to the website until you decide how you want to develop your site.
Many valuable domain names are purchased by marketers who never actually get around to using them. These domains can be put to work to earn money.
Buying Expired Domain
Before we can make money from expired domain names, we must first acquire the right domain name, and to do this, we will need to spend some cash.
The cost of some domain names is minimal while others can cost a lot. What is important, is making a profit.
Some domain will come with details of incoming links and traffic, which are made available from the sites that are buying and selling expired domain. This information can prove to be very useful; however, unfortunately it is not always available.
When choosing a domain name, it is still a good idea to look out for the ones that contain keywords or phrases that are memorable and identified, always get a .com domain that will remain the most valuable.
When parking a domain, you can choose a free service or one that cost a small monthly fee. The parking service will add a page of relevant links and ads that will attract traffic to monetize the domain and bring in some revenue.
Keep in mind, the amount of revenue you get back largely depends on how much you are prepared to spend on parking. With the free service, the owner gets less of the revenue.
The paid service would appear to be the best way to go. However; since the parking service will only place one page of content to attract traffic and revenue, it may be an idea to do your own landing page and save some money? If you own a site, you already have a hosting service, and can place the landing page on your own server and park it yourself, thereby, saving the monthly cost.
You also have control over what links you can promote, such as, affiliate links. This way you retain all the revenue, and that could make your site an excellent profit generating website.
Earn Money Online Domain Flipping
Domain Flipping is a term primarily used in the United States to describe purchasing a revenue-generating asset and quickly reselling (or, “flipping) it for profit. ( Wikipedia, 2011).
Domain names all start out with the same price, what makes one domain name more lucrative than another, is the word of the domain name and its extension. The keyword of the domain name encompass most of the value, a good generic word can potentially sell for a considerable amount of money. If you don't yet have a website, visit GoDaddy or webs.com
To make money domain flipping, we first need to find good relevant keyword rich expired domains, park them for a while and wait for some good traffic, then take the domain to a site like Flippa.com where you can put them up for sale for more money.
A good domain name with a decent number of existing traffic can generate a great deal of money for very little work. When buying the domain name, be sure to get the right domain name; and remember, “.com” is the most sought after domain name extension. The biggest domain sale of all time have all been .coms if the right name is not available, most domain and site owners tend to go after the .net or .org extensions. Once you have acquired your domain name, the next step is to monetize your new site and park it for a while.
Some More Ways to Make Money
Rent your stuff for a fee
We can all use a little extra cash now and again, in this very trying economic times, many people are saving money by renting everyday items rather than buying new.
I’m sure that most of us have several items around the house that we hardly ever used. These items can be transformed into cash if we were to rent them out.
Remember the giant coffee maker Auntie Jessica gave you as a wedding present that remains in the box never, or seldom use? Dig that baby out and transform it into hard cash.
How about the tent that you used once and packed away? The metal detector you’ve almost forgotten about, the garage bulging at the seams with DIY tools just sitting on the shelves gathering dust. Fancy dress costume, toys, Sat Nav, cameras, play stations, Wii and so much more, all can be rented out to earn money on websites.
Sites like RentNotBuy.com and Zilok.com are great for renting out your stuff or renting what you need for occasional use. There's no better way to de-clutter, reduce consumption and earn some money while still retaining ownership of your property.
Zilok is the first online rental marketplace for individuals and businesses. A French start-up but they are now well established in Europe and the US.
The company was launched in 2007 by Gary Cige and Thibaud Eliziere, founder of the online image bank Fotolia.com.
Zilok's aim is to do for renting what eBay did for auctions. The site charges listing fees and commission on transactions. The owners of the property, have the choice to accept or decline booking request. Owners and renters can arrange a face to face pick-up, and set a place and time on the phone or via e-mail, once reservations are confirmed.
Save Money Using Your Credit Rating
Some credit cards companies are currently prepared to lend new customers money at 0% interest, but only for a given length of time, usually around 16 to 17 months. Customers can use this money for day to day spending, which can replace other high-interest credit and debit card purchases.
However, it is important to make the minimum monthly payment. Your debts will be on you 0% card; savings can be put into a high-interest ISA. See MoneysavingExpert.com
(ISA) or individual saving account is a financial product available in the UK, designed for investment and saving.
In the UK up to £10,000 can be placed into an ISA account, which allows you to invest in stock, unit trusts, etc. All income and capital gains are free of tax.
This account allows the owner to save money in a way that is tax efficient, with a yearly maximum defined allowance.
The equivalent to ISA in the US is the (IRA), or Individual Retirement Arrangement, a tax-deferred retirement account. However, this will incur penalties if withdrawn before retirement. For more information, see http://www.irs.gov/Home-Page