The internet become a place where it’s possible for both ordinary people and veteran marketers to earn a living, or at least a bit of extra cash every month. There are lot’s of ways to earn money online, but one of the ways that’s becoming popular is with domain names. Domains are simply URLs that can be purchased to create websites. There are several ways to buy domain names and earn money from them, and the profits can range from very modest earnings to huge payouts.
Domain names can be purchased from many different places online. Some sell any that are unused or available, and others that sell premium ones with the potential for traffic or profit domain name.
An important thing to remember is to never buy a name that contains copyrighted material. There are companies that strive to protect the image and name of their products, and they can pursue legal action against anyone who tries to “steal” their product name and use it in a URL without permission.
One of the easiest ways of earning money with basic URLs is by “parking” them. This is perfect for people who have URLs with highly searched keywords, but who do not want to go through the work of reselling them or creating a website. By “parking” them instead and allowing their content to be controlled by the parking source, the owner earns money from advertisement commissions. The amount’s usually not very high, but parking many URLs in bulk can increase the total earnings.
Taking things a step further is the system of “domain flipping”. This is the strategy of buying a URL at a low price, and then turning around and reselling it for profit. If it’s interesting or easy to brand, then it’s worth money. The same thing applies when it’s an exact match for a keyword with a high search volume in a profitable niche. Cheap domains can be purchased and resold at websites like GoDaddy. Many marketers create their own websites where they offer premium URLs and sites for sale or auction.
Another method that can be very profitable is “website flipping”. This is very similar to domain flipping, but it requires a bit more work. However, it also has the potential to generate more profit. In this strategy, after purchasing a good domain, the buyer sets up a website that begins to attract visitors and advertisers. Once the website has proven that it receives plenty of traffic and has the potential to be profitable, it’s worth more money and can be sold at a higher price.
There are also ways of making money from websites without having to sell them. This can include setting up a website and selling advertising space, or creating a membership site where visitors must pay to receive access to all or part of the website.