Instant Profits: Turning $10 Into $10,000 Creating & Selling Domain Names

Jan. 27, 2009 - PRLog -- It sounds too good to be true, but it’s very real and totally legit.

Think up an Internet address – a “domain” name; register it for $10; and sell it for hundreds or thousands of dollars.  

It’s happening every hour, every day. People of all ages with access to the Internet are making serious money with investments of only $10 at a time. That’s the usual price charged by trusted domain registration companies like Dotster, GoDaddy or Google for domains ending in .com.

Who’s buying these newly created domains? Buyers fall into two categories – businesses that want the domains to draw attention to themselves or their products and services; and domain investors, who think they will ultimately be able to resell the domains at even higher prices then they are paying today.

What makes a domain valuable? Lots of different things can make a domain attractive to potential buyers. If  the name is short, easy to remember, or getting a lot of mentions in the media, many companies and investors may want to buy it. The short domain Basket.com sold for $88,888 around New Year’s Eve. The memorable name PokerPals.com sold last week for $25,000. The news-related FinancialAid.com was sold for $480,000 last December, while newsy LoanSolutions.com went for $21,000.

Another thing that makes domains valuable is the need among new businesses to find clever or descriptive names for themselves and their products. In December, someone paid $200,000 for Riva.com, and used it as the name of their new on-line casino. HealthCareSolutions.com, a rather long name, brought in an impressive $55,000 because a Workman’s Compensation consulting firm, Cypress Care, wanted it for marketing purposes. (Type in the domain and you are taken to the company’s home page.)

Other factors play into domain valuation. For instance, nearly all geographic domains have added value. PapuaNewGuinea.com went for $25,000 this month, while ValleyRiver.com sold for $2,160 (still a nice return on a $10 investment). SanJuan.com was worth $150,000 to someone last November, and Carrollton.com (the name of cities in Texas, Georgia and Ohio, among others) sold for $30,000 around the same time.

You can also attract buyers by combining geographic names with other words, like VegasHotels.com or CanadaSports.com.

Names of people always sell strongly. Irene.com sold for $19,388 last December. Kathy.com is going up for bid in a huge Hollywood auction this week, and the owner is seeking offers in the $50-100,000 range.

The DomainFest Global on-line auction runs January 29 to February 5. Go to http://marketplacepro.moniker.com/auction/detail.html?auc... to see the 5,000 domains being offered, and to enter bids. You can use this list to give you ideas for your own new domain names. If you’re interested in buying domain names that are sure to increase in value, think about bidding on Obamatini.com, SarahSixPack.com, WhoCanWeSue.com, FunnyClips.com and PopTop.com.

For lots more tips on how to create and sell valuable domains, visit the Domaineer blog at http://domaineer.blogspot.com.