How I Made $1000 From A Domain Without Selling It

In most cases, when I make make money with a domain name, it is the result of me buying the name at a relatively low price and then selling it for a higher one. However, today I want to tell the story on how I was able to make $1000 with a domain without having to sell it.

While I do think this is a rare case and most likely something that will never happen again, I do think that there are a couple of valuable lessons to be learned. And, if you enjoy making money with domains as much as I do, you might find the story somewhat interesting. So, let’s get to it.

What Happened

One Wednesday, late last summer, I got up early and began sending out emails to potential end users for a solar related domain that I had recently acquired. After sending out about ten emails, I received a reply back:

Wow, not what I was expecting. But I was intrigued. While I can not divulge what the domain was, I can say that it was a premium, three letter dot com.

Even though the domain was not something I was accustomed to dealing with, I went ahead and replied anyway, “Sure, do you have a price in mind?”

Well, needless to say, he had my full attention now. I stopped for a moment to laugh at the whole situation.

For one, I had no idea if this guy was legit. So I immediately checked the whoisof the name and it matched up with the guy’s name. So that at least checked out.

Second, here I was pitching a domain that I hoped to get $300-$500 for and I end up with this reply. A potential deal that could yield $20,000? Unreal.

And, finally, I knew that this domain was out of my league. It was obvious the domain was worth a lot of money, but over $100,000? I was not so sure. To make things more complicated, I had no idea who would buy this type of domain for that amount of money.

I decided to finish sending out the emails for the solar domain and then look into it further. “Ok, I will see what I can do,” I told him.

“Thanks. Have fun with it,” he replied.

What I Did

As soon as I got done sending out the emails, the first thing I did was start looking through three letter domain sales from the last couple of years at sites like NameBio.com and DNSalePrice.com. There were quite a few to look over, but I was still having a hard time determining whether the domain was worth over $100k.

As I mentioned this was a premium three letter dot com domain. We are not talking a name like jxq.com. That is a fine domain worth several thousand dollars. But the name this guy presented was all good letters and I knew it was worth a hefty amount. But how much, I just did not know.

Next, I looked on Google to see if there were any obvious potential end users for the domain. If I saw someone who looked like they might be interested, I figured I could maybe contact them to gauge their interest. Unfortunately, nothing stood out.

I was stumped and somewhat frustrated. Here I was with what seemed like a great opportunity, but frankly, I really had no idea what to do. I was overmatched and I needed help. After giving it much thought, I decided my best move was to reach out to a professional domain broker.

I had never dealt with a domain broker before, nor had I ever spoken to one. However, I was familiar with a few names from reading domain blogs and forums. I decided to do a little more research on them. And then, I would reach out to the one that seemed the most professional and trustworthy.

After concluding my research, I decided to contact the broker that I had selected and sent the following email:

Hello XXXXX,

This morning while reaching out to potential end users for a domain I own, I received a reply back from a gentleman who owns the domain name XXXXXX. He informed me that he is the owner of the domain and asked me if I would like to try and sell it for him. I told him I would look into it. He told me he is looking for offers over $100,000 and is willing to pay a 20% commission. He also said that he has received several offers in the $50,000 range.

I am contacting you because I know that you are a reputable domain broker and I don’t have the contacts, resources, or experience to sell a domain such as this one. I’m also not sure if this domain would fetch a price over $100,000. Thanks for your time.

Regards,
Alan Mero

The broker replied to me a couple of hours later. He informed me that he did think that he could sell the domain for that amount and asked me how I would like to proceed. At that point I decided it was best to hand it off from there. I sent him the domain owner’s contact information so that he could get in touch with him.

After I provided the broker the owner’s information, he told me that he would pay me a referral commission if he was able to sell the domain. While I did not request this, I had a feeling that if I chose a good broker, he would offer such a deal.

The Result

A week later, I saw the domain listed for sale for over $100,000 on a domain blog and a newsletter that I received. Wow, I thought to myself. A couple of weeks later, I saw the domain listed again, but with the price reduced. And, a couple of weeks after that, I saw the price reduced again.

After another month or so, I had pretty much forgotten about it. I had not seen the domain listed for sale anywhere and I had not heard back from the broker. When I checked the whois, it was still owned by the original owner. I figured that they just weren’t able to reach a deal. Oh well.

Later that winter, I received an unexpected email from the broker informing me that the domain had in fact been sold. The figure was below the original asking price, but a private deal had been reached.

The broker informed me of the commission that he received and told me that I was due a referral fee. I was then sent a Paypal payment for $1000.

What I Learned

So what did I learn from all of this? A couple of things. For one, take advantage of situations when they present themselves. I imagine some would have been more aggressive then I was and maybe have tried to sell the domain on their own.

However, as I mentioned, domains such as these usually take contacts and resources that domain investors on my level don’t normally have. I don’t have any regrets on how I handled it.

Also, try and do business with good people. The broker did not have to give me a commission or the more than fair percentage that he paid me.

But everything that I had read before and since then, it comes as no surprise that the broker handled the situation in such a professional manner. In the future, should another similar situation arise, I would definitely reach out to that broker again.


http://flipname.net/how-i-made-1000-from-a-domain-without-selling-it/

How I Make Money Buying And Selling Domain Names

For my initial post on this blog, what better way to start out than to offer an in depth guide on making money buying and selling domain names.

I got started investing in domains in early 2009. Since that time, I have learned a lot from my experiences, as well as from tips other domain investors have shared.

These are the methods that I use. Many others use very different techniques. My suggestion is take this information and combine it with what you already know, and carve your own path. It is a competitive market so try and be creative to find different angles on things.

I don’t know your knowledge or experience level. You may already know quite a bit about domain names or you may know nothing at all. With that being said, I am going to start with the basics, and explain everything I know about domain investing.

Before We Get Started…

I would like to first point out that I am by no means wealthy from flipping domains. However, I am able to make a consistent, steady profit each month from doing so. If you are looking to find out how to become a millionaire selling domains, you should look elsewhere. If you want to learn an interesting, exciting way to generate some additional income, then you are in the right place.

Second, I concentrate on “keyword rich” domains as opposed to brandable type names. For example, I prefer domains like CarParts.com, NewYorkLawyer.com, or MarketingSoftware.com. These types of domains have search volume, cost per click, and a healthy list of targeted potential end users (specific people or companies who may be interested in purchasing the domain).

On the other hand, there are brandable domains. These types of names continue to sell better than keyword rich names over the last year or so. If you look at the weekly sales lists, they are full of brandable domains. Some examples of brandable domains include BlueLion.com, Vizio.com, ClickHotel.com, MagicMarket.com, etc. Generally, these are one or two words and under 15 characters long.

IT'S POSSIBLE! MAKE SUCCESS IN 2013!

http://www.youtube.com/watch?v=JmpW204X-C0

Purchasing Domain Name Tips

Before you could establish your internet business, you have to purchase a domain name. Purchasing a domain is very essential. Therefore, you have to buy it from the certified registrar. The recognized registrars have to pay some charges to ICANN for every domain name bought and then eventually vend the names to several customers at varying costs.

At present, leading registrars accredited to ICANN offer identity protection online, Domain supervision that includes registration of domain, e-mails, hosting and linked services while trading domain names at competitive costs. Since services presented play a great role in selecting the registrar who is accredited, it is vital to review the offered services. It is suggested to buy from larger registrars, since they possess the communications to give better services. Not every registrar gives similar uses.

While choosing a registrar one must focus equally to the short and long-term necessities. At the first stage, you could be searching for one domain name only. However, as your company develops you may need several domains later. Thus a cheaper domain may seem fine at the first stages, although they will not be capable of giving skillful technical help afterward. A relevant query to ask is regarding the specialized assistance given by them. If you are contented then you decide to buy domain from them.

The certified registrars provide thirty days note prior to the expiration period and inform you about the renewal period. Therefore, you are guaranteed that you will not lose the name because of default. Reliability and security of domains are certain once you buy from certified registrars, since they assign the domain name to you up to the time you are listed with. The security of domain is a helpful service and must not be ignored when you buy domains.

The registrars provide the host services if ever you choose to purchase domain name. However, careful assessment of the need of the uses has to be executed before having the ultimate decision. Sufficient control over the domain permits the clients to select the web host. Therefore, if some companies are offering services for web host once you buy domain name from them. It is unwise to get the domain from them since it is your right to select the web host provider of service.

Registration of domain with a fastidious registrar essentially does not mean that you must take all of their services. It is the privilege to choose what you like from them. Web host service supplier and domain registrar can be dissimilar persons picked by you.

http://ezinearticles.com/?Purchasing-Domain-Name-Tips&id=6194689

Best Affiliate Marketing Guide

In very simple terms affiliate marketing is a business model for making money on the internet. If you have any question about this particular business model you can query in Google to get clarity.

First you need to establish that Internet marketing is not a job and it's not a hobby, internet marketing is a business. You will be in competition with serious business marketers.You will need to get this straight before you start.

Now that you know the main concept behind affiliate marketing and you can understand that there are many different approaches to affiliate marketing to build your business, some are better than others.

I am going to give you this guide to make sure you get off on the right foot so that you can decide on the best affiliate marketing business for you personally, no matter what method you ultimately choose for your particular business.

Clearly establish what you want to achieve with your affiliate marketing business

First quick questions to ask yourself are why do you want to market on line? Is it to make a little or a lot of cash? Is it to replace your job?

Next consider what time frame are you willing and able to consider? Internet marketing is not a get rich quick business, it takes time to build any business.

Then research your local bylaws, since internet marketing is a generally a home business you need to know if there are requirements for licensing etc. Best to check this out now before you get started.

Choose a niche that you are going to enjoy marketing for the long term.

This may be a longer process than you first thought. A niche is a general category of product or service and you will have many subcategories to explore. Start by writing our all the types of things you think you might like to spend time writing about and researching and promoting, because you are going to require a lot of time and energy with this ultimate decision. You want to be sure you are very passionate about your niche or I will quickly become a drag.

Firm up your niche decision with Keyword marketing and research.

Make friends with Google Key Word Tool and Amazon Search Tools.

This will help you determine your website domain name and the market you will be targeting.

It's important that you spend time and even perhaps search on Google for KW research methods. Purchase an ebook on these 2 topics for research. Learn to use these 2 KW tools as you are selecting your niche and domain name, it will determine not only the direction of your business, but also the success.




http://ezinearticles.com/?Best-Affiliate-Marketing-Guide&id=7795390

Famous Failures

Get The Results You Want From Your Website

Are you not getting the results you want out of your website? Could you unknowingly be turning away potential customers? We're going to look at a couple of things that could be causing you to lose customers and money. Don't worry though because once you know what your mistake is, it's easy to fix it and optimize your website.

When you first land on your website, what do you notice right away? What do you think your customer notices? Some novices when creating their website create a page that instantly attacks the prospect with pop-up ads or a loud playing video they can't turn off. Other create web pages that take forever to load, giving their potential customers ample time to decide they don't want to wait and leave to find another website.

Another thing that can turn away people is not having an easy to navigate site. Your website should have clear navigation links that are easy to find. If your reader gets lost, they may decide to leave instead of trying to tangle their way out of the mess. Not only should your links to navigate your page be easy to find but you should also seriously consider never changing the location they're in. This is for your return readers. If you have people who come to your site regularly, you don't want to frustrate them by moving the essentials around.

Also, take a look at your content. Is your content relevant and up to date? If your content is old, this could be why people aren't staying on your website. It's also a bad idea to use old content with the current date. Readers will find out and this can ruin your reputation. Don't do it! It's bad practice.

Now as you look at your website, are you distracted by advertisements like pop-up ads and banners? Is there flashing text and constant interruption? If so, let me ask you... what do you do when you come across a website like this? You probably don't stay around to see if it has great content. You probably just exit out quickly and find another website, right? Don't aggravate your readers by using too many advertisements.

Lastly, check your website for spelling, grammatical errors and broken links. No one will take you seriously if your website is full of errors like these that are so easy to fix. It gives the impression that you are too lazy or too stupid to do spell-check. It's very unprofessional and can easily turn away potential customers.

It's not hard to change your website to maximize your visitors and money. You only need to look at your website from a new perspective. Take the time to go through your website like you are a new visitor. Go to other websites and see what strikes you as helpful and what strikes you as unappealing. Then you can go back to your website and see if you are doing the same things. Once you've done that, go back through your website and look at it through the eyes of someone who has been to your website several times before. Is there anything you can change to make your website even better from this aspect? It doesn't take a rocket scientist to make these changes, just a little time and effort.

http://ezinearticles.com/?Get-The-Results-You-Want-From-Your-Website&id=7928900