One of the best investments you can ever make is investing in domain names. Domain name investing is usually interesting but it can also be very tricky. For instance, if you are that person who wants to invest in domain names to make quick cash, then you are in the wrong place. Domain names are not a get rich scheme investment. But if you are the kind of person who wants to buy a number of domain names then wait then this might be the right place for you to make those few dollars.
Calling all physics
Investing in domain names is not easy. First, you need to do a quick and a careful assessment of the market. This can involve a number of guess works. However, just like stock, being a latecomer into the market might not be lucrative. Get to know about the businesses that are going to be popular in the future. Invest in such domain names instead of purchasing domain names that are popular right now. Therefore, if you are thinking about investing on domain names, focus on the future instead of the present.
Domain names have the ability of selling for thousands of dollars. This can only happen if the right buyer comes along. What you need to do to achieve this is first look for a domain name that someone wants to buy then be the first to purchase that domain name before its market demand rises. Probably you might be asking yourself how you can achieve this. No need to worry about that. The following are some tips on how you can do achieve this.
Domain names often consist of almost anything from culture to products. However, here are some of the good places you can begin:
- Geographic regions
- Business names
- Names that are popular now
- Generic Names
You should focus you attention towards generic names such as oranges.com or contractor .com. Research shows that Google loves generic names. If you have ownership to such a name, you can be sure to be the price setter. However, there are some few things you need to consider such as Legalities and Trademarks.
You cannot steal the name of a certain company and buy the domain name related to that name. For instance, you cannot steal the name of Kodak and buy Kodak.com then expect Kodak to buy the domain name from you. Such names are often trade marketed and you will be sailing into legal issues instead. Similarly, you cannot buy another person’s name. The other person that you need to be cautions with is an emerging author. Do not try to buy a domain with such a person’s name because they will sue you and you will end up in legal battles. The other thing you need to think about is the amount of cash you want to invest into the new domain name business.
The cost of Setting Up a Domain Portfolio
Most domain traders and resellers prefer buying many domain names at the same time hence increasing the chances of hitting their jackpot. However, this start up is going to cost you a lot of money hence, there is no harm in starting with just a few names then work your way up slowly. Similarly, you can decide to purchase a name from another seller if you feel like the name will soon become popular.
Investing in domain names is not an easy venture. Well, it is true some people have made it big from the business but for some, they have been hitting on unpopular business that have not future. This raises the question, what can you do with several sites that are not profitable?
There are a number of things you can do with such sites. One, you can decide to turn them into content sites. Secondly, you can decide to set them up into actual websites and finally, you can also try selling them elsewhere. You may also be lucky and end up selling a website that is up and running with all the content needed. In such a case, you may decide to set up a higher price for it or have a shared hosting or direct hosting website plan. Both of these hosting plans can also be profitable.