Domain names are becoming a popular business for many people who want to work at home at their computers. They are currently selling for anywhere between a few dollars to a whopping few million. Here are 5 steps to getting started in lucrative domain names.
Step 1: Sign Up with a Broker
Its much easier to start a lucrative domain names business on the coattails of a domain name broker. However, be sure you research the broker and make sure they will do more for you than provide a listing service.
Step 2: Dont Get Cute
Only buy names that can be resold at a profit. Dont use names just because someone thinks theyre clever (including you).
Step 3: Check the Names
Make sure the names you buy are not taken by someone else. Look it up in the registries before hand. You can, however, use expired domain names.
Step 4: Advertise
Even though you will probably be listed with a broker who may provide space for your business on their website, make your own as well. Get on blogs and forums where you are allowed to post links. Also use internet press release services and other media release outlets.
Step 5: Alternative Names
Lucrative domain name business people buy more than one name--they will buy related ones as well. For instance, dont just buy the .com suffix--buy .org, .net, and any other extensions that may benefit that name.
There you have it. Take some time and determine if this is right for you.
Want to learn more about it? Download the free ebook, Steps to Article Marketing Success.
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