Can you make money from Domain Names?
Sure, anybody can sell any lucrative domain but the real problem arises when you try to sell the ones that don’t have any nice-looking name. You might know that selling and buying the domain is quite a solid investment but if you are a type of person who likes to earn fast, selling domains is not profitable for you. But with some patience, hard work and good planning, anybody can make some extra money along with a chance of the jackpot. The important thing you have to think about is how much money you want to put into your domain name business.
Tips and Tricks
The trick is to be a psychic, similar to investing in stock, you have to predict the future and guess the domains that you think can lead to profit. You can sell a domain for hundred, even thousands of dollars that you bought for few buck, the trick is to find the right buyer. Your domain can consist of any name, word from a product to culture. Keep an eye on generic names, not only Google like generic names; you have a high chance of landing on a right buyer. A right buyer is a person who is looking for the particular domain name that is currently owned by you.
If Domain Name Is Not Appealing and Catchy Enough?
There are no hurdles except patience when it comes to the trading of domains, hosting and reselling domains. There are many sites with the names that are not that good as the traffic they are generating. With people, comes the money and demand. If your site name is not catchy enough you can also turn it into a content site and sell it after it is successful. To make a site successful, one must fill it with the right content, and there is a great chance that someone will buy the domain from you once its start to take baby steps.
Stay Away From Copyright Issues!
Always be careful before buying a domain name. It’s not as easy as it looks, you can’t steal the name of a business or company and buy their domain names because company names are registered and trademarked. You cannot buy a domain name that is similar to someone’s name like Adele, LEGO, and Kodak etc. Do you know of a famous author or celebrity? Even if it available, never buy a domain with that name because this could land you directly to court as well.