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If you are just getting started, here is a bit of motivation to prove that you can make a good ROI in this industry.
Here's exactly How I bought a domain for $10 then sold it for 4390% ROI in just 60 days.
1. Find an Angle
When you first start out, you need to find an angle that allows you to hand register some good names.
An angle could be a niche, keyword combination, prefix, suffix, etc.
I.E. Finance domains, How to Domains.
The domain I sold was a "How to XXXXX". I use SEMRush (free w/ paid version) to generate a long list of similar how to names. It's a free tool but you need to subscribe to view all the results. You can use Google Adwords Keyword Tool (free) or Wordtracker (paid) as well.
Good Prefixes:
How to
Where Can I Find
How Much
Top 100
Best
What Are
What is
etc.
2. Find a domain with some Demand
You want to find a domain with either type-in traffic or LOTS of Google searches. Type in is the most important, but remember that searches indicates demand.
At least 5k searches per month is a GREAT domain to pick up. In some industries, 1k searches can be good if the CPC is high enough.
3. ALWAYS List the Domains on Godaddy Premium Auctions as well as other marketplaces (sedo, afternic)
The reason is because Godaddy is still the leader in the USA for domains and people trust them. Trust is key in this business. I have definitely lost a few sales due to lack of trust. It's better to list your domains on Godaddy, Sedo, etc and let the buyer purchase through their system.
Sure, you pay a commission, but the buyer feels comfortable. Lots of people get scammed. Try to spend a moment in the buyer's shoes and you will sell more domains.
4. Price the domain to SELL
Ok. We all dream of registering a $10 domain then selling for $20k. This does happen, but around 50% of the domain sales are less than $500.
Download the Sedo Q2 2012 report. It's a PDF and a good read.
Anything under $500 creates comfort and confidence. A buyer can purchase the domain without hesitation.
Once you exceed $1k, then the buyer may require a signature from the VP of sales or ask their spouse if it is ok. Cheaper domains sell faster than expensive ones.
5. Follow Up
Once you make your 1st sale, you have the option to contact the buyer through Godaddy. Ask them if they need any other similar domains and/or services. Your buyer may exclusively want certain domains, and you can create a side income selling domains to them. Or maybe you have design skills and can charge $200 for Wordpress development. The key is to foster a relationship because people buy domains, not businesses.
Join my mailing list for more in-depth methods plus a cool way to automate this
http://howtoselladomain.com/
Here's exactly How I bought a domain for $10 then sold it for 4390% ROI in just 60 days.
1. Find an Angle
When you first start out, you need to find an angle that allows you to hand register some good names.
An angle could be a niche, keyword combination, prefix, suffix, etc.
I.E. Finance domains, How to Domains.
The domain I sold was a "How to XXXXX". I use SEMRush (free w/ paid version) to generate a long list of similar how to names. It's a free tool but you need to subscribe to view all the results. You can use Google Adwords Keyword Tool (free) or Wordtracker (paid) as well.
Good Prefixes:
How to
Where Can I Find
How Much
Top 100
Best
What Are
What is
etc.
2. Find a domain with some Demand
You want to find a domain with either type-in traffic or LOTS of Google searches. Type in is the most important, but remember that searches indicates demand.
At least 5k searches per month is a GREAT domain to pick up. In some industries, 1k searches can be good if the CPC is high enough.
3. ALWAYS List the Domains on Godaddy Premium Auctions as well as other marketplaces (sedo, afternic)
The reason is because Godaddy is still the leader in the USA for domains and people trust them. Trust is key in this business. I have definitely lost a few sales due to lack of trust. It's better to list your domains on Godaddy, Sedo, etc and let the buyer purchase through their system.
Sure, you pay a commission, but the buyer feels comfortable. Lots of people get scammed. Try to spend a moment in the buyer's shoes and you will sell more domains.
4. Price the domain to SELL
Ok. We all dream of registering a $10 domain then selling for $20k. This does happen, but around 50% of the domain sales are less than $500.
Download the Sedo Q2 2012 report. It's a PDF and a good read.
Anything under $500 creates comfort and confidence. A buyer can purchase the domain without hesitation.
Once you exceed $1k, then the buyer may require a signature from the VP of sales or ask their spouse if it is ok. Cheaper domains sell faster than expensive ones.
5. Follow Up
Once you make your 1st sale, you have the option to contact the buyer through Godaddy. Ask them if they need any other similar domains and/or services. Your buyer may exclusively want certain domains, and you can create a side income selling domains to them. Or maybe you have design skills and can charge $200 for Wordpress development. The key is to foster a relationship because people buy domains, not businesses.
Join my mailing list for more in-depth methods plus a cool way to automate this
http://howtoselladomain.com/
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