How I Made $491.10 Profit in 20 Minutes by Re-Selling a $9 Internet Domain Name

Type of Opportunity:  Buy & Sell Internet Domain Names Suitable For:  All Ages, All Countries Difficulty:  Medium Time Required:  1 - 10 hours per month Earning Potential:  $50 - $1,000 per month Minimum Cost:  $10 per domain, ideally you'd buy 5-10 domains Requirements:  None My Personal Earnings from This:  $1,400 (January-  May 07)

Introduction

With the sale of business.com for $17 million people believe it is easy to make money buying and selling website domains.  Here's a system I invented in January 07 that netted me a fantastic 5500% return on my investment in 20 minutes!

I've had great results with domain brokering this year and it's made me appreciate that even if there are thousands of other people trying to make money online in the same way as us, very few of them really know what they are doing.

A domain name is the name of a website.  The domain name for this website is "geekcrets.com".  With just a small amount of money you can profit from buying an easy-to-remember domain name and then selling it on at a (much) higher price.
 

Towards the end of 2006 I discovered a blog by a young man called Tyler Cruz (aged 23) who sold the domain DomainForums.com for $14,000 last year.  He actually bought the domain for $10,000 which may be too great an outlay for most people (myself included) but $4,000 profit is nothing to be ignored.  Tyler is not (yet) an internet whiz-kid although I give him a lot of respect for his many successes. 

$14,000 is a lot of money but not anywhere close to the millions some domains have sold for.  If you are not greedy then there is money to be made from buying a domain for less than $10 and selling it quickly for $50 or more.  I also discovered this was surprisingly easy to do.  

Most domain bounty-hunters approach this business wrong.  They search the internet for keywords in the hope of finding an overlooked domain that is still for sale.  This kind of strategy may have worked 10 years ago but it's now possible to feed an entire dictionary into domain search engines so all the obvious keywords are long gone.

Another thing that works against these type of domain hunters is they often expect a buyer to accept a huge fee for a domain name when the buyer is probably better off just buying a less desirable name that they can use nearly as well for $8. 



You MAY strike it lucky and discover a much-forgotten website name that's been overlooked but I seriously doubt it.  Most likely you'll end up bored and disheartened before then and there is a better strategy to use.  Rather than guess a hundred domain names in the hope that one is available we will today be looking at how to make money from domain names that other people have ignored.
 

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