Investing in Web Real Estate With Domain Names
Domains are the hottest real estate investments on the market. Many people have discovered domain flipping, the art of buying a domain name at a low price and selling it for a higher price later. These short, one and two word phrases mark your place on the Web and can put big bucks in your pocket. Finding the right domain names is key to making money in buying and selling Web real estate.¬†
Selecting a Domain Name
There is a myth that all of the best domain names are taken. While many of the one-word domain names are gone, there are still many great ones available on the Web. In addition, you may be able to buy existing domain names from their owners and sell them at a higher price. Some buyers simply buy the name and sell it immediately. Others create websites around the domain names and flip those for a profit. Either way it goes, picking the right name is the key to this process.
Check out the news. Is there anything new and exciting going on? The birth of Prince George lead to a rush of people flocking to the Web to follow news of the royal baby. Registering princegeorge.com (if it were available) would have netted quite a hefty profit for a shrewd investor. The best top level domains are short, easy to spell and recognizable by the most people online.
List Your Domain Name for Sale
After you have purchased your domain name, start thinking of how you will make the most profit from it. Prior to purchase, many people submit their intended domain name to appraisal sites to see how much they are worth. Once you know how much your domain names are worth, you can decide on a fair price for them.
You can create a fully-functioning website that will give you even more bang for your buck. If you monetize this site and start generating some profits from it, you can enjoy a hefty return on your domain name investment. Some people add in a blog or an informational site then sell the whole thing at a profit.
When it comes to getting the best deal on your Web real estate investment, start with the right domain name. Keep an eye on the news for events that people will be talking about, then buy a domain name that matches. Find yours today.