Apart from the ongoing Web 2.0 wave, there are very few and ‘new’ marketing methods which are mind-blowing enough to cause a paradigm shift and completely change the way you do business online.
Affiliate marketing? Checked.
Article marketing? Checked.
Viral marketing? Checked.
Link exchange? Checked.
Of course, bridging the gap between what you know and what you do is another separate matter…
But perhaps you may not understand or even heard of making money out of domain names and its inner workings. Why? Because it is entirely different from marketing. In fact, it may hardly have anything to do with marketing at all. We are so used to selling and creating value to make money.
On the other hand, domain name trading/investing is an established industry whereby you create portfolios of expired domain names and “squat in the jungle” for the right time to let them off for a premium price. I have long suspected that people who deal in property investment and stock market would be very adapt at domain name trading because the mindset is already well honed for crucial timing…well, some similarities are there, like getting hold of names the moment they expire on that very day. Very ‘commodity’ stuff.
This industry won’t be easy to play for 1 key reason: Squatters may hold on to domain names that depreciate in value some years down the road only to finally realize they are absolutely useless. They just don’t know how to evaluate the present and projected monetary value of those names and quickly find a targeted buying audience via an established channel to let them go for a timely profit.
If you also think most simple and easy-to-remember domain names are already taken up, I beg to differ; I really think we are still in a “Wild West” era when it comes to domain name trading. Most netrepreneurs would have given up if they think they have to publish some amount of content for every domain name before they can sell them off.
But the money is based on the value of the DOMAIN NAME itself, not the content or anywhere else.
Consider this: when we all have 24 hours, what makes an expert ‘domainer’ different from everyone else?
Answer: 300,000 domains
Don’t understand what I’m driving at? Read this press release.
Kevin Ham owns around 300,000 domains, and receives around $70 million per annum in revenue from them. His empire is reputed to be worth close to $300 million. All this from owning domain names!
If you work your calculations backwards, all these big numbers will look manageable:
$70 million is about $5.8 million per month. Divide that by 300,000 domains and it turns out each domain is generating around $19/month in revenue.
Or just $0.63c/day. So $0.63c/day (per domain) is all it takes to get there.
Do you think you can generate $0.63c/day? I certainly think it is achievable.
Phil Craig’s Domains Into Dollars is where you start learning. It consists of a solid 194-page e-book and a video series:
Lesson #1 – Introduction To The Domaining Industry
Lesson #2 – What Types Of Domains Are Available
Lesson #3 – Show Me The Money (Domaining Revenue Models)
Lesson #4 – Getting Started (An Easy And Free Way To Find Domains)
Lesson #5 – Quick Domain Flipping On eBay
Lesson #6 – Domain Name Valuation
Lesson #7 – Selling Your Domain Names
To give you an idea of some of the techniques involved:
1) Domain flipping: If you find a domain name that is getting popular, you buy it cheaply, turn around and sell it for a higher price. In the videos, you’ll be shown in minute detail how a $6.99 purchase became $515 in less than 7 days! These sort of results are happening time and time again.
2) Paid advertising: Say for example http://www.satan.com. There are many ‘inactive’ domains that look like this and you may have thought they are held by some web-hosting companies. But since satan.com is held by an individual (Kevin Ham), he as the owner earns from clicks within the site. The inside story of this kind of paid advertising will be revealed! To give you a clue, a friend told me these ads are provided by Google, Yahoo or other networks but they are metaphorically considered as a “private label” version and are served exclusively to people who can drive an astronomically large number of impressions to their sites.
3) Free traffic: It turns out that a lot of people type the name of a service they are interested in directly into the address bar of a browser, instead of using the search engine, so if you can find a name that people would use, you will get free traffic. Example: If they want a limousine in Dallas, they might directly type in dallaslimousine.com into the search engine to find it. If they do, it means free traffic to you. You will discover how to pinpoint a good domain name based on this market mechanism.
4) Domain mining: Phil gives you a resource to find just-deleted domain names. Approximately 40,000 .com names are deleted and put back into the pool each day, so this is great opportunity for a quick pickup. Use this service to find some really nice sounding domains, including a few 4 and 5-letter domain names when there’s luck.
Phil also gives you all the legal forms you need when selling domains to cover yourself, and you will also learn a range of monetization methods using specialist services which take a share of the revenue with you. This means you can be earning money in the first day you test your newly acquired domain! If not, then there’s the classic way of outright-selling your domain, and Phil goes into detail about that, showing you the best ways to attract buyers, the best websites to list your domains on, pitfalls to watch out for, and more.
Domain name investing is a great model if you’re very serious about passive income, and at this moment I still believe there is a huge opportunity there for people getting in at ground level.
There is a promotion on Phil’s website offering $10 off. Make sure you click the coupon box at the top of the screen to get your coupon while it lasts.