EASY! 6 steps to make a killing changing domain names from home

Who else thinks that the days of buying low and selling high are over? Do you think you have to be an online marketing guru or a big investor to make big money selling undeveloped real estate online?

Think again!

The truth is, there are tons and tons of hype about buying and selling real estate online, and if you don’t know what you’re doing…and are willing to believe the hype, you can end up a LOT far from where you started, with no vest. life preservers to navigate back to the safety of dry land. (and unfortunately this is something that happens to A LOT of newbies and beginners, especially in the home based business markets)

Let’s see how we can avoid that trap, shall we?

Step 1:

Identify a niche that you have some knowledge of. It doesn’t have to be something you’re an expert at… but it MUST be something you know a little about in the market, especially on your first few sales. (in other words, don’t be fooled by fancy sounding domain names that have no real audience, or profitable professionals who are currently working successfully in those markets)

Step 2: Always start with a specific GEO domain name. (they are much easier to sell, I promise)

Step 3: Always go with the .COM. It’s very hard to sell names outside of .com unless you really have a good contact list or decide to develop domains a bit, which we’ll cover in a second, and it’s a great idea to move forward and improve your online portfolio of properties. . But as a general rule, when you change domain NAMES, stick with .com

Step 4: Price your domain appropriately and consistently. (Don’t advertise different prices on different services, and DON’T overprice or get too attached to your domain name and suddenly decide you’re SO smart and cool you deserve a million bucks… 🙂 You don’t – and the fixation Proper pricing is critical to success as a home based dominator.

Step 5: Go LOCAL first. It’s infinitely easier to find buyers for your domains when you use a GEO name (your city + niche) and actually ADVERTISE your domain to a local audience. Don’t fall into the trap of trying to promote your local domain on a national board…it rarely works. (and you’ll end up in a marketplace of other domain owners, rather than REAL people who want to buy your property because they plan to use it to grow their business)

Step 6: Always use a third party to handle the transaction. SEDO, for example, has a great marketplace that will make everything easy… and you don’t need to get your hands dirty with the details.

6a? Don’t even provide your information to potential buyers – send them through the domain marketplace, using the link they provide, to handle all the transactional details automatically.

Bonus Step: Once you have a few transactions under your belt, start BUILDING properties and improving them, using WordPress, some curated content, and adding incremental value to your sites. You can literally get 10x the return on investment this way…and while it IS a little more work, and you DO have to get a little more involved in the transaction, you really CAN get rich quick this way…and build! a whole business around you too!