Singapore Domain Name .SG

Earn Money Through Domain Name

 

Check out these recent 'colossal' domain name sale prices! Massive Profits are well and truly back in the news. (Truth be told, they've never really been out of it). With 'big' money at stake, it's no wonder the Domain Name Barron's prefer to keep an extremely low profile. Here are 10 Hot Tips to turn 'your' domains into dollars.

Tip 1. (More a 'revelation' than a tip). Did you know that there are now businesses specially set up to 'finance' those looking to buy domain names? Were you aware that there are multi-million dollar companies, whose sole activity is buying, selling, parking or leasing domain names? Why is this relevant? Well, these 'major players' are not in it for fun. They know (for sure) there's 'big bucks' to be made from domain names.

Tip 2. When it comes to turning domains into dollars, names ending in .com are still 'king'. The two word domain name DataRecovery.com went for a whopping $1,659,000.00 in the first half of 2008, whereas the one word Fund.com when for a simply staggering $9,999,950.00 in the same month / year. OK, your chances of getting hold of a good 'one word' domain are slim, but bear in mind that, as the price of such exclusive domains increase in value, a knock-on effect occurs. Down the road, sales of this magnitude can influence prices paid for good 'two-word' (and even 'three-word') domain names.

The best domain names are those consisting of generic terms / expressions (and 'keywords'). 'Anti Virus' is an example of a generic expression, as is 'Poker Tournament'.

Tip 3. Understand, it's not just dot com domain names that sell. There's money to be made from other Top Level Domains (TLD's) too. i.e. .net, .org, .info and .biz.

FilmSchool.net and WallStreet.info sold in 2008 for $49,501.00 and $25,500 respectively. If you had discovered either of those examples as an 'unregistered name', you would probably have been asked to pay no more than $10 to secure your prize!

Perhaps more appropriately, numerous sales in the $0000 and $000 price range occur every month.

If the .com version of a domain name is already registered, you must take care to avoid identical domain names (with different name extensions) where 'brand name' or 'trademark' infringement might be an issue.

However, if the dot com name is a pure generic name (e.g. Christmas Tree) then it may be safe to snap up one of the other TLDs or a Geo / Regional version of the same domain name as (to the best of my knowledge) it's still the case that obvious 'generic' terms cannot successfully be protected by trademark registration. (But don't rely on this, always investigate and take professional advice).

Tip 4. When it comes to domain names with 'country' or 'region' specific extensions, exciting 6 figure sales are occurring. Don't believe me? Well note that FreeCreditReport.co.uk sold in 2008 for a very healthy $300,000. (Wish I'd turned that domain into dollars).

Tip 5. Domain Names don't have to be short and memorable to warrant a fantastic 6 digit purchase price. Demand is steadily increasing for sensible names, comprised of one or more words that clearly describe a marketable product or service. Why? Every year the number of businesses goings online increases dramatically. (Work it out for yourself).