Make Money Parking Domain Names

                                                                                      In one of my earlier posts I talked about Making Money Buying and Selling Domain Names, Now I’m going to talk about what to do with that Domain Name while your waiting for someone to buy it.

     You buy a Domain Name before someone else grabs it . You have no plans to develop it just yet so you let it just sit at the Domain registration site where you bought it.

   Guess what they do with it? They will either put an ,”under construction” webpage up when someone types in your domain name or clicks on it in search engine  , or most likely they have put ads on it so they can make money off it while you decide what you want to do with it.

   Well, you can do the same thing. There are plenty of companies that you can park your domain at. And when people visit your site , you make money. If they click on an ad, you make money, if they click on an ad and buy something, you make more money.

   I have eight domain names at a domain parking site. They have been there for almost a month and I have made a whopping $0.18 cents. I know it’s not much but it’s better than nothing. And also when you get to the web page , it tells you my domain is for sale too. Check out one of my Parked Domains here.

The trick to making money with parked domains is to have traffic coming to the site.This is also the key to almost all money-making endeavors online, Getting Traffic. This is why people will buy expired domain names that have a lot of traffic. They will cash in on the popularity of the site. Especially if it’s a developed site that had a decent amount of traffic and back links. The amount of traffic will die down eventually as the search engines figure out the website is no longer active, but until then you will make money.

You will also need to shop around to see what Domain Parking site pays the most. Yes ,some sites pay more than others. And it’s really easy to transfer dns settings to point to the Domain Name Parking site.They will have a tutorial to help you do it. That will probably that hardest thing for you to figure out , the rest is easy.

Buying and Selling domain Names

 

 Now who hasn’t thought about making  easy money by simply thinking up a fantastic Domain name  and selling it for big bucks ? I mean, how hard can it be ?

  Years ago during the .com bubble ,I would read about Domain names that sold at  auction for millions of dollars . And the only thing this soon to be Millionaire had to do was sit in front his computer and think up a domain name.  Names like heaven.com, hell.com , sex.com, insurance.com,flowers.com, business.com were all taken  ,and they were worth big bucks.   Maybe If I Think long and hard I could come up with a really cool name worth at least a couple of  Thousand dollars.

  I found a site called Greatdomains.com and tried my luck at striking it rich. Hours upon Hours of plugging in names to the site only to find that the name is either taken or people are doing what’s called cybersquatting .The same thing that I was planning to do. You buy a domain name with no intention of developing a site.You just sit on the name and try to sell it on some other site.

Finally I find one I like,  sellsuccess.com . Sounds good right?  It’s a generic name that could be used for any type business. And I, with my superhuman brain am the only one who has thought of it.

 Now that I have the Name, what do I do with it?  Try and sell it of course.  But what is it worth?  Great Domains had an appraisal service  that  I could use. (for only $49 dollars) convenient no?

So I ordered my appraisal and waited, and waited, and waited. Finally after two months I received a packet in the mail. Great domains must have been swamped  with work back then. Yes ,life was good for internet companies.

My appraisal for the Domain name sellsucces.com  came with all sorts of stats and graphs, and a nice looking plaque that I could hang on the wall to show the world that I own a (drum roll please) $40,000 domain name.

Of course I took this price to be somewhat exaggerated but I’m not the expert so I listed it for sale on Great domains.Yes they will even re-sell it for me too.(for a 5% cut). No luck at $40,000 so I started to progressively lower my price until I hit $1000 dollars. No sale, and as the .com boom turns to .com bust , I let my domain name expire and be re-absorbed by The machine.

I followed this name , and still do, just out of curiosity  to see if someone will develop it into a site. One person bought it and made a half-ass attempt at a web site ,then either did as I did and let it expire or he is just sitting on it.

Over the years and up to just recently  I have bought more Domain names, I havent made any money off them , but I have developed some sites. Remember when   ©Adobe photoshop came out? I thought those photo shopped pictures where the coolest thing out there. So I bought photo-shopped.com ,.net,. I was planning on developing a site where people could display their phot0 shopped projects. But I learned that Adobe would probably come after me for Trademark infringement of their name “©photoshop “. So I tried to sell the names to no avail.

Bottom Line- I haven’t made any money buying and selling names. But it’s still a favorite pastime of mine.  Just like playing the lottery ,It only takes one time to be a winner.