Domain Bidding: What is it?
Domain bidding can be of great work to people who love working from home online. But what if you are a beginner and want to start this domain bidding business? Then you may have to find out the answers for questions such as which are some of the best places to buy domains from? Where to sell the domains you have brought?
How to transfer these domains to a buyer once he purchases them? What is the best price to sell your domain to make the highest profit from it? These trademark questions will help you to earn a more elevated amount of money from domain bidding.
One more fantastic thing about using domain bidding is that it requires a meager upfront investment to get started. If you are a person who loves to make money online sitting at home, then domain bidding might be an excellent option for you.
What Are Domain Names?
Before moving on with domain, bidding, let us understand what are domain names first? Domain names are nothing but the addresses of websites that people type in a web browser.
Domains can also get called ‘the virtual real estate.’ In simple words, we can tell that you have a piece of land on the web network if you possess a domain name. But what is the purpose of owning these domains?
These domains can get used in various ways to make money out of them. And just like the land, even the value of these domains increases over time. Just like stocks or properties, you can buy these domains at a low price and sell them at a high price. But not all domains can be sold at a high price; only domains that have an accurate commercial value on them can get sold at a high price.
How does this domain bidding work?
Domain bidding is a simple process. You buy a domain of your desired choice at the lowest price possible at first. Later, when your purchased domain gains a higher value commercially, you sell it to the highest bidder and make a profit out of it.
But how can these domains be purchased? These domains can be bought from a reputable domain registrar. The domains which are available at a domain registrar can get purchased at a reasonable cost.
You can buy any brand new domain fro somewhere around 10-15 US dollars from a reputable domain registrar. And these domains can be purchased fro a time limit of up to one year. But an important thing to note is that you have to verify correctly the domains you are going to purchase. What happens is that most of these domains might have a good value commercially and might have built up a lot of traffic.
But some domains might not have a good value commercially, and you may end up in losses after buying these domains. So, only if you buy commercially sound valued domains, you will have the potential to earn lots of money when you think of selling them.
How to Buy these domain names?
Domain names can be purchased from reputable domain registrar at sites like GoDaddy, KillerLaunch, etc. You have to mention in your desired domain name in the search catalog given on the website. If the domains you want are available, then they will be shown on the website along with their prices.
Depending upon the prices, you can own the domains for the desired period by paying the same. In case you choose a domain name which is already registered under some other person the how you can buy it? It is quite simple again; you have to find out the owner of the domain and discuss with him whether he is willing to sell it.
There are many marketplaces such as KillerLaunch which provide you with auction sites where people who have purchased domains can list them for sale. Another vital thing to note is that these domain names can expire if the owners overlook or forget to renew them.
Sometimes it may also reflect that the person who purchased the domain might not need them anymore because of which they get expired. But what if your desired domain name if one amongst the domain names which have expired? Fear not, you can buy these domain names once they become available for sale again.
There are some rules wherein you cannot buy any domain name. They are:
1. You cannot buy a domain name if a company already trademarks it.
2. You cannot steal the name of a company or buy a person and buy that domain name.
How to Sell Your Domain Names?
The domain names you have purchased can be sold once when you feel you can make a profit out of them. But how? Advertising. Yes, you have to advertise on the landing pages of your domains that the domains are for sale.
After this, the interested buyers will contact you in case they are willing to buy your domains. But, the best way to get your domains noticed by potential buyers is to list them for sale on sites that particularize in domain bidding such as KillerLaunch, GoDaddy, etc.
There is one more thing; if you have bought a domain from a domain registrar with a marketplace, then you can list the domains for sale on the same market. Below are some options for you to get your domain name sold.
1. Always set a fixed price for the domain name you want to sell.
2. You can also invite bids from potential buyers and sell your domain to the highest bidder.
3. Make an offer with potential clients or buyers.
Where to sell your domain names?
KillerLaunch is the best market place where you can sell your domain names and get maximum profits.
Finally, Can you make money by Buying and Selling Domain Names?
Yes, you can. Most of the people make their living by buying and selling domains. And most importantly, if you purchase domain names which consist of business names, generic names, geographic names, or some famous names, you might be able to sell them at a higher price and even at a faster rate. Most of the companies are interested in domain names which enclose generic names in them. So, you can buy such domain names for a few dollars each and sell for a few more dollars and make a profit out of it.
Sounds great, right? But it is highly advisable to start with a few handy domains. All these can benefit only if you have the right intuition while purchasing the domains and predicting that these may get a higher value in the future. So, please learn at the beginning what type of domain you should consider buying and how much you should invest in them to maximize higher profits from them.