| Before
you decide to become the next
domain mogul you have to figure out which domains you should
buy. The more time you spend learning the right domain
names to register the more money you'll make. The
basics are always the same when choosing a domain name.
You first have to decide what your goal is for the name: Park
it, Resell it, Sale it to an End-User, Develop and Keep it, Develop
and Sell it or have it just for fun. It's extremely
important to keep your chosen goal in mind because it should
determine which domain names you register. A
real quick definition of each goal:
Parking -
Various companies can provide a single web page that is
basically one big Google\yahoo ad page this is called Parking.
You get paid when people
click on the ads. It's fairly easy to do and does not
take much time once
your setup.
Reselling -
You can register domains and then resell them to other
domainers who are looking to invest in domains. You will
not make as much money as selling to an end user, but it
usually takes less time to sell.
End User
Selling - Sell the domain to a user who will use it for
their business. Usually pays a premium compared to reselling.
Develop
and Keeping - You can develop the domain and include some
Google\Yahoo ads. Then keep the domain for the cash flow
from people clicking on the ads.
Develop and
Selling - Develop a domain with the intention of selling it.
If you have the skills you can make good money doing this, but
you have to develop it the right way not
necessarily how would like it.
Fun -
You can always
register a domain for you and park it or develop it.
It's a great way to learn the basics of developing without a lot of
cost.
To keep things easy to find we
have split out the
information on "How to Choose a Domain Name" based on those 6
goals for a domain name. Please take a look at the section
that applies most to you at this time. If your new and not
sure what you want to try first ask yourself a couple questions.
1. Do you have any web design
experience, meaning can you build a web page? - if not skip
the developing for a little while until you understand the
industry better.
2. Do you have time to keep checking
on the domains and re-listing them in auctions, forums, or
contacting the end users to sell it too? - if you
don't have a lot of time and your just starting out parking is
probably the best option, however this does take some time to
research the domain names that can be successfully parked.
3. Do you like to "wheel and deal",
meet people online, try to make things happen? - If yes,
then taking a look at either reselling or selling
to an end user.
Those are just a few questions
to get you started there is a lot more
information in the sections for each
goal, but the first thing you have to decide is why do you want
to buy domain names!
Before moving onto domain
parking and developing take some time to read the section on
Choosing Good Domain Names.
When choosing a new domain name for your site,
you may want to consider the following:
Try Some of the links below for additional articles on
choosing a good domain name.
|
