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Probably, you have heard about making money online. Also, you have seen lots of different programs and systems that help you earn cash on the Internet. It could be selling stuffs, being an affiliate, running a website, etc. Now, there is another surprising concept: making money with your own domain names. But, is it really true?
Shortly, I have to say that it is possible to earn a living with domain names. Today, there are lots of people starting their own businesses based on this kind of opportunity. But, first of all, you will need to know how it works.
Basically, there are 3 different ways to make money with your own domain names:
1. Buying them at low prices, then selling them higher:
Believe it or not, one of the most important secrets of a powerful and popular website is having a good name. Thus, many website owners are looking for such names and willing to pay a lot in order to own them. Suppose, you had registered it earlier, so you are the person who sets the price and win the deal. That´s it. You have purchased it at a very low price and have sold it many times higher. But the secret is that how you could get those good domain names. Actually, several years ago, it was not difficult to register a good one. But, today, it has become harder and harder. Yet, there is one promising solution: buying expired domains. Everyday, thousands are being expired due to forgetting the payment of annual fees. After a while, the expired one will be deleted and then be available for everybody who wants to purchase it. Among those expired names, you can find some valuable, well-established and attractive ones.
There are some sources on the net where you can find the needed information about expired domain names. On the other hand, you can find some sources to put yours for sale. At those auction places, you will see how the customers are bidding and competing in order to grab yours. Doing this business properly with working carefully can bring you a lot of profits.
2. Selling advertisements on your parked domain names:
Another way in this approach is to put advertisements on your parked domain name. You register it, then park it on a specific marketplace. Besides, most of them allow you to choose some keywords related to the topic. Afterwards, you can see the related advertisements on your parked domain name as sponsored links. These ads are often based on pay per click action and you will get paid whenever someone clicks on the ads. This way is a good idea, even if you intend to sell it later. In fact, the earnings depend on the amount of your visitors. So, it would not be a huge amount of money. However, it could help you earn extra money.
3. Redirecting your domain name to a specific page:
The third method is actually an accessory way. For example, you are an affiliate, a person who sells the others´products or services. In most cases, you, as an affiliate, have a web page like the seller´s, but the difference is your URL address, that is to say your domain name. It is too long and full of various numbers and letters. Sometimes, it would be difficult to market or advertise a page with the URL address like that. Thus, you may need a better web address. So, it is time to register a related name and redirect it to your affiliate page. It means, whenever someone types your domain name in the address bar, the page will automatically be forwarded to the affiliate web page. In this way, you send traffic to that web page and if a sale is made, you will make money. So, it could be another way to make money.
The above mentioned methods are the main ways that help you make money with your own domain names. But, naturally, it is business and there is always risk with any businesses and don´t forget that the whole process of making money depends mostly on your ambitions, individual capacities, expertise, business experiences and desires.