TeachMarket.com

By Jonathan Street

Let’s just take a quick glimpse at what we’ve done so far:

We’ve used a number of online sites and services to locate names that are about to expire or have expired. We’ve located consumer site names with large amounts of traffic in the past month. We’ve grabbed them either directly or using an automated grabber to ensure we get the names we want.

That whole process has taken you less then an hour. Just a quick search to locate a name and then register it. Easy. Incidentally if you are confident that a name you have purchased is valuable, it may be worthwhile securing the .com, .co.uk, .net, .org, .info forms of the name as well. That way no one can undercut you by offering it cheaper. And chances are the buyer will want all five names. That means five times the profit!

Now it’s time for the real exciting bit: selling the name.

Once you have grabbed your domain name the simplest way to find a buyer is to register them in your name. This can be as little as $8.95 per year (.com names tend to be slightly more expensive than the others). A simple search can put you in touch with tons of registration services, like GoDaddy.

Now that you’re registered, it’s time to positively market your name. You can do this in one of two ways:

The Direct Approach — Making a direct approach to a buyer is a bit tricky. You could rent a mailing list of companies who may be related to your domain name’s area of interest,and send them a simple sales letter. For instance, if you had cheapplanetickets.com you could rent a mailing list of travel agencies.

While this approach does work, it’s time consuming, and if your sales letter isn’t up to scratch, you’re going to lose out.

So now to the way I do things: the lazy man’s way to make fantastic money selling domain names.

Using Brokers And Agents — Domain name brokers and agents will list your names on their books and try to find a buyer. They do this by either a fixed price or via auction.

As this business is fairly new, find experienced brokers. Try to learn the following:

• How much they charge (e.g., commissions, listing fees, etc.)
• How many names are already on their books
• What prices domains like yours are going for

There is no limit to the number of brokers you list with if you want to increase the amount of people who see your offer.

I like to use Sedo or Afternic. Many more can be found via a Google search.

You can also sell domain names on eBay. (They get just everywhere, don’t they?). While there, be on the look out for any high quality names to buy as well. Because this business is so fairly new, people just don’t realize the sort of money that can be made.

Once you’ve made the sale, all you need to do is use your list broker to act as a third party escrow service,. This basically means they will accept the payment for your name from your buyer and then register the domain name over to the new owner. All you have to do is sit back and wait for the funds to go into your account. It’s that EASY.

What Price Should You Sell At?

This is a vital aspect of this business. Pitch too high and you won’t make a sale, so don’t get too greedy. The price you get depends on the quality of the name, how much someone else wants it and how quickly you want to sell it. If you’re willing to sit back and wait for a big offer, that’s fine. But if like me you want to make cash fast, the key is to sell a name at a reasonable price and with a few names a week. It’ll take a maximum of a few hours start to finish per name.

The ideal affordable price range is in the region of $100/$500/$1,000. At these figures people will be scrambling over each other to get their expired names or the names of others. It’s a lot easier for a company to buy back from you at these prices then to either come up with a better name or try to rebuild their traffic at a new domain name.

Now remember that your overhead in this business are so very low. If you bought a name for $10 and sold for $1,000, that’s a profit margin of 10,000%!!!

There’s so many reasons why I love this business.

The money to be made is incredible. Five domain names a week would take you approximately five hours. And if you even sold them at only $250 each, that’s still $1,250 part-time.

I strongly recommend you get into this business yourself. It’s simple, hugely profitable, and can be worked part-time around a current job. Please. I ask just one thing of you. Try this idea once. Just once. It’ll cost you just about $10. When you see how easy it is, you can then really go into it with all guns-a-blazing! If you learn, on the other hand, that it isn’t for you, what are you really out? Just a few measly dollars.

There’s just one difference between those who achieve real success and those who float from day to day in relative financial obscurity. That’s action. So come on. Take that vital first step to making great money from home for just a few hours a week and see for yourself why buying and selling domain names is the opportunity you may be looking for.

« Part 1

Jonathan Street is a master at making vast sums of money for very little investment. Direct mail, mail order, selling domain names, eBay… you name it, he’s making money from it. He’s also the author of “How To Make £5,000 - £10,000 a Month From Home,” a book which he invites you to get for free from his website.