Here’s a controversial way of prospecting and maybe generating particular money – buying old domain names. Why is it to some extent controversial? Well with no trouble because some people do it with the intention of creating thousands out of the rightful owner.
First, what is it and what is purchasing old domain names about? Well, each day thousands of domain names terminate and are not renewed. They are not renewed for a assortment of reasons. Reasonably frequently the previous owner has got fed up of the web site and not worked on it for a while, or the idea has not worked out. In this case, there is no harm in someone else buying the web site URL and using it for their own purposes. But this only accounts for various of the old domains that are bought by other people.
In a couple of examples lately, with a quantity of of my own customers, the customer has been in charge of maintaining their own web site domain name but have forgotten to renew it for one reason or another at the related time. In both cases, someone else instantly bought up the domain name, didn’t use it and made it to be had to sell back to the owner. One customer was told that their domain name would cost countless thousand dollars to buy back from some Australian guy who had bought the domain name. And that was for a charity’s web site.
This is the side of buying old domain names that a quantity of people promote, which I don’t like. But with a selection of registrars, if the new owner approaches the previous owner and offers to send back the name for a large profit, the registrar will speedily withdraw the domain name from them. Without approaching the rightful owner, there is a chance they won’t approach the new owner any way, so it isn’t a terrific way of earning cash. You need to be able to buy lots ofdomain names hoping that one or two are bought back.
The more legitimate side of buying domain names is straightforwardly looking for old domain names that still have a lot of traffic. This can be because there is traffic coming in from search engines, links in forums and best site lists etc. You buy these since the previous owner has decided that they can’t be concerned with the domain any more and then change the traffic to an income.
How could you do this? Well, putting Google Adsense or other PPC adverts onto the home page for the web site may well mean that people arriving there with nowhere to go might click the advert and earn you a payment. If the URL name is related to an obvious product, then you may possibly also be able to add affiliate links to this to make a direct selling likelihood. The trick here is finding the domain names with traffic on them. More home working ideas on the blog.
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