An interesting way to earn money is to find, buy and sell domain names.
”The value of a domain name can range anywhere from a few dollars to numbers in the six or even seven figure range. In many ways it is like the real estate market of the web; those who can spot a great opportunity can purchase a domain that will eventually be invaluable to the right buyer.”
The best domain names are short, sound good, easy to remember, easy to spell, have a .com extension, are descriptive and can be brandable.
Domain names with these features can be sold for most money, especially if the domain name has in-demand keywords and has had more time to be indexed and ranked by Google. If the domain gets traffic, it becomes even more valuable.
Whenever I need a domain name I google ”brand name generators”. Then I open the first 10 pages and type in the strongest keywords for my business. When nothing catchy is available, I go to TheSaurus and then find synonyms to my keywords. It can take many hours to go through all possible synonyms to find more relevant keywords for your business to find the best fitting one. Once I have a list of all the domain names I love – I go to a domain name selling service online where I test their availability. I always buy the best one and sometimes I add the other best ones in the shopping cart too.
There are many online tools that list recently expired domain names. If you are good at searching you can even find lists of domains that are about to expire and are valued based on all sorts of metrics, mostly SEO.
A short step-by-step way to make money with domains is to:
1. Find new local businesses via public/private registries;
2. Buy the .com domains of them;
3. Park them with a sell page;
4. Pitch them via email or telephone;
5. Sell them for $xxx – $xxxx (depending on the size of the company and their revenue/earnings if you can find this info)