How to Make Money Online by Selling Domain Names - Part 2

Step 3 – Create a website
Now, you have your domain name and are ready to move on to the next step which is creating a website. It doesn’t have to be the biggest website ever built, as a matter of fact, it could be just 5 to 10 page site. Write several keyword rich articles and create a simple site using a program like Microsoft Word. Just be sure you save them as a .html file.

Go ahead and sign up for Adsense or add a few affiliates to the page so that it looks like a resourceful website for your visitors. Any sales made or AdSense revenue generated from your site will be an added bonus.

Step 4 - Drive traffic to your website and grow your backlinks
Once you have uploaded your website, focusing on traffic is next. You can start out with purchased visitors as long as they are coming from quality websites like Google search engine, content blogs and etc; and not a form of incentive traffic (like paid emails) or a bot. After getting paid traffic for a while, you should start building backlinks / inbound links for your site. There are many free places you can post your url to get backlinks pointing to your site like directories, forums, and online classified ads. You can also write a few good articles related to your website’s topic and post them on article directories to get free quality backlinks and traffic. Furthermore, social marketing can also be used to generate traffic and build links.

Keep growing inbound links until you have a regular flow of traffic to your site. If you can get sufficient visitors, you will get an Alexa rating. If the rating is pleasing, look for a domain name appraisal to see how much roughly you can sell your domain name. This will give you a good idea of how much you can expect to make from selling the domain name. If the numbers aren’t as high as you like, don’t worry there will still be someone willing to give you a higher dollar amount because of the traffic you have built up already.

Step 5 – Sell your domain name
When you are satisfied with your website and the amount of traffic it receives, it’s time to put it on the domain name market for sale. You may want to sell it with your website on it, although it is not necessary. Once you have sold your domain name, you will simply transfer it over to the buyer’s account. Most of the time it is free to push a domain name from one account to another as long as the both of you have accounts with the domain name registrar.

When you have seen a profit from selling domain names, you can reinvest your earnings into another domain name, and possibly try getting an expired domain name this time that already has a nice flow of traffic to save you some time. This can be done over and over to create a nice income from selling domain names.