How to Make Money Online by Selling Domain Names - Part 1

Many webmasters have found that it is quite profitable to sell domain names. If a domain name has built in with a line of traffic, it will be much profitable. Some domain names have generated thousands of dollars to webmasters. A few good domain names have even went as high as a million or more dollars, making the webmaster an instant millionaire. You too can start selling domain names and profit from your domain names business. Here’s a few basic steps you can follow to begin:

Step 1 – Do keyword research
First, you will need to do some keyword research to find a keyword that is highly searched but not used very often by other websites. A good keyword analyzer tool can do this for you. Word Tracker and Keyword Analyzer are two of the good tools you can use to research keywords but there is a cost involved for using them. If you don’t want to pay for a keyword analyzer tool. You may use the free ones to conduct keyword research. But the free ones only tell you how many times the keyword has been searched for the last month, they don’t let you know how much competition there is with a potential keyword like the paid keyword tools did. I would suggest you use paid keyword tools because they provide in-depth detail on the keywords you are researching. If money is an issue, you may find a keyword analyzer that offers a free trial, like Word Tracker does. You can always upgrade to the paid version once you use it to profit from selling a domain name.

Step 2 – Get a domain name
Once you have chosen your keyword, you need to buy a domain name and a good web hosting package. You might think you don’t need hosting since you are just going to sell the domain, but in order to sell it for big money, you need to create a website for your domain name and do some web promotion work to build in consistent traffic for your domain. Traffic is what sells a domain name for the higher dollar amounts. To be profitable your domain name needs a good flow of traffic.

Anyway, try to find a hosting package that will include both a web hosting service and a domain name. Because you don’t need to worry about transferring anything later.

When choosing the domain name, make sure your keyword is included. If your keyword has been registered by other as domain name, try adding a series of numbers or other letters with your keyword. If you wanted the keyword for your domain name to be “dogs” but it has been taken, you could try getting “dogs101” or “A1dogs”. Alternatively, you may try looking for a relevant keyword that isn't taken as a domain name. Either way, keep finding until you get an easy-to-remember yet keyword-rich domain name that still has a .com extension.