We all wish we had invested in cryptocurrency and NFTs long before their recent rise in popularity! What if the time had come to consider investing in domains? Although, let's face it, buying a domain name isn't as exciting as buying a currency featuring a famous dog meme.
However, domaining can be a lucrative business if you have the right timing and a good sense of intuition. Some domainers even do it full-time!
Domains are very popular at the moment. Probably because of their limited number in an increasingly technology-driven world, and the demand for them will probably only increase.
Of course, this is not the only reason to consider securing a domain name. But knowing that a good domain name increases in value over time makes you want to give it a try. For example, voice.com sold for $30 million in 2019, and closer to home, jobs.ca sold for $600,000!So, are you ready to learn more about how to make money with domain names?
Investing in domains, or Domaining is buying a domain name in the hope of reselling it at a profit in the future, much like real estate or Tim Hortons hockey cards!
Getting started in the world of domain names is fairly simple anyone can take two minutes and get a domain for a few dollars but finding the right domain to invest in can be a little less obvious. We explain how to do this in this article.
The best part is that domaining is accessible to everyone. Whether you have a small or large amount to invest, there is no shortage of opportunities. To build a quality portfolio, it is essential to know how to recognize a good domain name.
To spot worthwhile domains check easynamegenerator.com, and you can snipe beautiful and high-profit domains. Look at our article on Geo domain name generator.
This is the easiest part and the most fun! In order to be able to offer anything for sale, you must first build your inventory, also called your portfolio. To buy (register) your first domain name, you have two main options:
On the table, if the domain is available, you can click on register, and you can buy it as cheaply as possible from Namecheap.
If you decide to get into domaining, an important factor to consider is the renewal cost. Most often, the initial registration costs only a few dollars for the first year, depending on the extension.
Renewal fees for a .com or .ca domain are approximately $10 to $20 per year. Prices vary considerably depending on the TLD you choose and the registrar you register it with.
Domain investors typically expect to get 10 to 100 times (or more!) their initial investment when they sell a domain. While this may sound ambitious, there are two major reasons why:
Estimating the true value of a domain name is quite complicated
Most of the time, an investor has to hold a domain for a certain amount of time (especially for long domains) before he can make a good profit.
And now that's out of the way... how do domainers sell their domains? There are several ways to do this:
Contacting potential buyers
Domainers also find potential buyers for their domains by simply contacting them. For example, if you own beauvelo.ca, do a quick search online and you can find hundreds of people in the bike business to contact to see if they are interested in making an offer.
Create a landing page
Some domainers create a landing page for their domains and include a contact form. That way, if someone visits the site and wants to buy that domain, they can simply make an offer.
If the page generates a lot of traffic, some even make this landing page generate additional revenue by selling advertising space. How do they do this? Through the people who click on the ads while visiting the page. Quite clever.
Yes, domaining is an interesting opportunity for any investor, but if you want to make money by investing in domains, you will need to research the subject further. Try to learn as much as you can about selling domains and contact other domainers. Once you have done your homework, you will need to define your strategy, find your niche, and your plan of action. Just as you would for any business project.
How do you find out more, stay up to date and become, dare I say it, an expert?
Of course, you should take the time to learn about domains and the domain industry before you invest any money. Follow blogs and subscribe to newsletters to keep up with trends. Many domainers who make a living at it like to share their experience and expertise on forums. You can attend conferences and online events and even take a domain course. In English only, though. You can start your research on: