Author: Real News

Idea #32) Real estate crowdfunding.

Top 40 On-Line Business Ideas
Real Estate crowdfunding.  Should I invest?
By Zricks.com
Many people wonder when they should start investing and almost always, the answer is now. After you’ve saved enough cash to cover a few months of living expenses, think about your financial goals. Everyone hopes to retire someday and the sooner you start saving for it, the better off you’ll be. If your employer offers a 401(k) plan, you should enroll, and if you’re already participating, try increasing your contribution until you reach the maximum allowable. One strategy is to increase your deferral every year after you get your annual raise. At a minimum, you should contribute enough to maximize the amount your employer matches. Employer matching is essentially free money and you don’t want to miss out on that. Remember, as a young investor, time is your greatest asset and even small increases in your annual contribution compound by the time retirement comes around.
In the shorter term, your financial goals may include buying a home of your own. Buying a home is the biggest financial decision most people ever make and how to determine when to take this step is beyond the scope of this piece, so let’s assume you’ve made the decision to buy in the next few years. As you save toward your goal, remember, the sooner you need the money, the less market risk you can afford to take. You might consider allocating a portion of your investments to crowdfunding real estate.
No doubt you’ve heard of crowdfunding and may have participated in campaigns within your social network, but now crowdfunding has entered the real estate world. Crowdfunding lets investors own an interest in real estate with as little as $1,000 and unlike Real Estate Investment Trusts (REITs), investors can choose the exact properties they want to invest in. Virtually all categories of real estate are available through crowdfunding, including single family, multifamily, office and retail.
Is crowdfunding real estate right for you? In the past, crowdfunding real estate was open only to accredited investors, but increasingly, crowdfunding platforms are offering investments to unaccredited investors as well, opening this opportunity to many more people. These investments offer growth or current income, often for terms of two years or less. Of course, no investment is without risk and you need to understand the terms fully before committing any of your capital.
It’s important to find a crowdfunding platform you trust. Read the bios of senior management and look for real estate expertise. After all, crowdfunding may be relatively new, but real estate isn’t and it’s an industry where experience really counts. Make sure the website is informative and easy to use. Are the investments clearly explained? Is there enough information for you to make an informed choice? Is there investor support if you have questions?
After you’ve found the platform, examine the investment offerings. While the type of property, expected return and investment period are all important to consider, don’t forget the most important item: fees. In other words, how much will it cost to hold this investment? Fees reduce your investment return and set you back before you’ve begun. Some crowdfunding real estate platforms charge a 2% property acquisition fee, so for every $1,000 you invest with them, only $980 gets invested in real estate. This might not sound like a lot, but it means the first 2% the property earns doesn’t benefit you, it just gets you back to where you started.If you decide that real estate could help you meet your investment goals, look for a reputable crowdfunding site with an experienced real estate team. Look for solid investments with low – or NO – fees. As with any investment, make sure you understand it fully before investing. With so many investment choices out there, it’s easy to be paralyzed by indecision, but that won’t get you closer to your goals. Real estate has always been a way to build wealth, crowdfunding just brings it into the 21st century.
If you want to make investment your business’ main area of work, real estate can be an attractive niche. But owning real estate is not exactly a hands-off business idea.
Real estate crowdfunding enables you to invest in real estate through online platforms, without the responsibility of directly owning property.
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Top 40 IdeasSurvival ~ Category

Idea #34) Instagram Sponsorships.

Top 40 On-Line Business Ideas
Instagram Sponsorships.
Do you love taking photos and dream of building up a great Instagram following? As you grow your following, more sponsorship opportunities will become available. For example, if your account is focused on fitness, you may be able to sponsor products like protein powder, supplements, etc.

Instagram Sponsorship Program

Discussing the Instagram sponsorship program to get sponsored on Instagram. Brands are looking for people on social media to give them advertising. Lots of people want this because they are also benefits of happiness brands that want you to be their advertisers.

In return for advertising for the company and whatever way that they want you to. They will give you a reward, as this payment can be free products or should be actual cash.

Instagram sponsored ads

If you are an Instagram influencer which generally means that you have at least 2,000 – 10,000 followers. You can post sponsored images that you create in collaboration with the brand and you get paid by them.

So how to find companies who will pay you to process up that you might really do it. But you can’t find the adverts to post. So how to find a sponsored work if you are an influencer on Instagram.

See Also: How to get likes on Instagram easily and make money on Instagram.

Whatever you do, whether it’s gaming, day boarding, lifestyle, beauty, art, and all the other crazy categories that you could go on. Whatever you do there is probably a company out there that could sponsor you. So get paid to advertise on Instagram now.

Instagram sponsorship

See AlsoHow to get a verified Instagram account

Different ways to get sponsorship on Instagram

This is just in general how to capture attention from a business that you like to be working with.

1. Professional image

So make sure you are a person that a company wants to be associated with. You need to find a brand that is actually really good. Make sure that they are legit businesses. The main attraction that goes to the huge part of your image is, what the people first see when they look on to your profile.

See Also: How to know who views my Instagram profile

A company can decide just in a few seconds if they like to sponsor you or they are interested in you. So what they first see is kind of the big first sight impression. So you need to make sure that your page fixes that first impression.

2. Know the company

Make sure you know the company that actually sponsor people. You need to know what the company exactly they do and what they are all about. Just make sure that they are a decent professional company. You need to make sure that you are representing a good company.

See Also: Businesses on Instagram

Once you figure that out, buy their products, as you can’t be in this for the free stuff. You have to like the company. Post photos with their products, tag them in your pictures and also do hashtags. As it will help draw their attention towards you.

Instagram sponsored post for Instagram sponsored ads

See Also: How mush do Instagram models make as Influencer

3. Quality Stuff

The first thing you keep in mind that you shouldn’t do is posting crappy, low quality, or bad picture at all. Make sure the picture you are posting on Instagram should of high quality. Whatever phone you are using whether it’s iPhone or Android, you need to have a nice HD camera [8-10 MP].

So you can also do that with your phone, you don’t need these fancy digital cameras like Nikon or Sony, etc. Make sure it’s good lighting and not overlay filtered or anything like that.

4. Bigger Following

Moreover, you need to have a following like 2,000 to 10,000 followers. People who have a smaller following, unfortunately, love a hard time finding a brand.

As big businesses don’t like to sponsor smaller accounts because that smaller account doesn’t do a lot for them. So if you have a bigger following, the company has something in return that you want. Just keep working and keep putting really good content on Instagram. If you are new to this field, just look for small companies instead of big companies for sponsorship.

5. Professionalism

Once the company sponsors you for posting their stuff, you are representing that company. So what you look like is kind of tied to what they look like after that. So again post high-quality pictures with the company’s product with proper lighting. Make sure that the message you are representing for the company is clear and up to the mark in the picture.

There are a lot of depending factors on all of this. As it depends upon the size of the company. Smaller companies sponsor smaller people as bigger companies like to hire bigger people. So you have to have a clear category of what you are doing on Instagram.

So if you are a gamer, then you should probably look for gaming-related sponsorship. Don’t look for other sponsorship that doesn’t relate to what you post.

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Top 40 IdeasSurvival ~ Category

Idea #35) Buy and Flip Domains.

Top 40 On-Line Business Ideas
Buy and Flip Domains.
You’ve probably heard of people who buy and “flip” real estate, right? They buy a house for a relatively good price, fix it up a little bit, and then resell it for a nice profit.

It’s the same idea for buying and flipping domains. Whether it’s your own domain, or whether you’re looking to buy somebody else’s site and flip it, this can be a good source of online income.

You can use resources like Empire Flippers to both buy and sell your domains.

4 STEPS TO SELLING YOUR FIRST DOMAIN.

By Youssef Akkari

In 2005, LasVegas.com was sold for $90 million. More recently in 2015, Chinese brand Qihoo bought the domain 360.com for $17 million. GoDaddy reports that the most expensive domain ever sold was Cars.com, for $872 million. Buying a domain with the purpose of reselling it at a higher price is a practice known as domain flipping.So, let’s dive into how to flip domains!Excited yet? Well, you should be. But you might be thinking: What are the odds of me making these huge sales? You’re right, they’re slim.However, there are numerous case studies out there of people doing very well with much, much more modest and “achievable” numbers. This guy made $17,000 from a domain he bought for $70. Ali Zandi, a well-known domainer, made $58,000 profit in 60 days selling 8 domains, and finally, a $10 domain investment turned into $2,600.Hearing about these numbers makes anyone’s head spin. It’s natural to ask yourself questions like: How can I get a piece of the action? Is it too late to jump in now? Why do people pay so much for domains names? Do I need a huge budget to get started?Let’s try to answer all these questions and more with this step-by-step domain flipping guide.Interested in flipping entire sites (instead of just domain names), check out my guide to flipping websites.

CONTENTS [SHOW]

WHAT IS A DOMAIN NAME?

A domain (or “domain name”) is the name of the website. These domains always have an extension like .com, .org, .net, or others.

At Niche Pursuits, our domain name is NichePursuits.com. For WebMD, it’s WebMD.com. A domain is the name of the website.

When you hear about a TLD (top level domain) that refers to a domain name with one of the most common extensions (.com, .org, .net, etc.) as opposed to a less common domain extension like “.me” or “.newyork”.

MORE ABOUT DOMAIN FLIPPING

The domain name industry is quite similar to the real estate industry in a lot of aspects. There are end users, brokers, consultants and domain flippers or “domainers.” Domain flipping works similarly to buying a house, renovating it (or even sometimes just sitting on it) and then selling it again at a higher price point.

The gist of it is: you’re purchasing a domain name and betting it is worth (or will be worth) more than you paid for it.

If you’re right, you get a nice paycheck and move on. It isn’t uncommon at all to get several hundred dollars a pop when selling a domain name. The right domain can sell for tens or even hundreds of thousands of dollars or more.

Those who make a living out of this just rinse, repeat, and scale.

RISKS YOU SHOULD BE AWARE OF

Do some people make a living out of buying and selling domains? Yes, absolutely. However, the main risks lie in expectations and mindset. Sure, it may seem like a lot of domains are selling for crazy amounts of money but how many domains actually exchange hands every year? Millions.

Hence, those high-priced domains are obviously the exception rather than the rule.

This is why it’s important to have the right mindset when starting out. Do not go in with the “I will buy this domain and sell it for millions overnight” mindset.

The “get rich quick scheme” mindset is very destructive not just in the domain flipping industry but virtually in any business. Instead, focus on buying cheap, high-potential domains and selling them at modest margins first.

Get the momentum going and build some experience. Finding the right domain names you can buy for $10 and flip for $300 with the right domain investor is actually very doable. But you need to learn the skills to get you to that point.

FLIP DOMAINS OR FLIP WEBSITES?

There’s an important distinction to make here between domain flipping and website flipping. The latter mainly refers to buying and selling full websites. By full websites, I mean websites that actually have content and more often than not have traffic and revenue.

When buying and selling websites, the domain name matters less as the main value there is the content, traffic, revenue, history/reputation, sustainability and growth opportunities.

The same can’t be said for domain names where you’re just selling “the name” and hence it’s all that really matters.

The primary focus of this post is domain flipping.

STARTING BUDGET AND…IS IT TOO LATE?

In theory, you could technically acquire a domain for $10,000 and be able to sell it for $100,000. You could also acquire a domain for $10 and be able to sell it for $100,000, $10,000, or even $100, you get the picture.

Because of this, it’s hard to recommend a perfect starting budget because your strategy, experience, and the pace at which you learn will hugely affect your buying and selling decisions.

That said, my recommended budget for beginners would be $500+. Using this budget you could buy a bunch of high-potential $10 domain names, expired/dropped domain names or a mix of both.

It’s very important to invest only what you can afford to lose and treat this as a side hustle till you get the momentum going.

As you gain experience, industry expertise and some sales under your belt, you can then consider slowly growing your business into a full-time gig.

Now, let’s move on to some practical steps to get your feet wet.

HOW TO BUY A DOMAIN NAME

While flipping a new domain name can be very profitable, domain buying and selling takes some steps to do well. And to do right.

Don’t let terms like “domain registrar,” “domain provider,” or other similar terms scare you. We’ll walk you through the step by step on how to locate domain names with potentials, buy the right domain names.

And hopefully make some really good money flipping domain names.

STEP 1: DEVELOP THE DOMAIN FLIPPING INSTINCT – LEARN TO CALCULATE DOMAIN NAME VALUE

Try throwing a few random domains at an expert domainer and they’ll be able to give you a ballpark figure almost instantly, and more often than not, they won’t be far off. Their experience in the space trained and wired their brains to automatically (and relatively accurately) appraise domains on the fly.

They see a domain’s price tag and they can instantly tell whether it’s under or overvalued. This is probably the most important skill one should have in this industry.

Neil Patel has an interesting related quote: “The most important thing to remember when buying sites is that you always make money on the buy, never the sell.”

In order to successfully do this, you must be able to spot undervalued domains.

This is what will ultimately translate for you into a handsome profit margin when you get the opportunity to resell the domain for its “real value.”

So how do you develop that instinct? NameBio maintains a database of over 500,000 historical domain sales (as of writing this post). They have interesting filtering features by which you can narrow down domains by price range, date sold, keywords and more.

Simply sifting through the listings on NameBio long enough will quickly develop your domain appraisal “instinct.”

Using the keyword search feature you’d also be able to familiarize yourself with how much domains typically cost on average in a certain industry or niche. Even better, they have an addictive little app called The Domain Game available for iOS and Android.

They basically give you a domain and you try to guess whether it sold for three, four, five or six figures.

You get points for each correct answer and lose points for incorrect ones. You do this for a while and you start to see patterns. Your brain starts connecting the dots and you get better it.

You can also use Flippa’s “Recently Sold” for similar data, here’s what it looks like:
flippa domains

Keep practicing using these tools and you’ll get better and better at it. Now you’re ready to go out there and scout some domains!

This is the most important skill a successful domain flipper can build!

STEP 2: HOW TO FIND GOOD DOMAIN NAMES

Finding good domain names to resell is what would typically take most of your time. There are so many different approaches and strategies here. I’ll try to stick to the simpler ones that are budget and beginner friendly.

But first, let’s discuss what makes a good domain:

  • Length: This is pretty self-explanatory. Generally the shorter the domain name, the more valuable it is. This difference in value decreases exponentially as the name gets longer, though. For instance, the difference in price between 3 and 4 letter domains are significant, while the price difference between a 7 and 8 letter domain would usually be much less significant.
  • Dictionary Word/Pronounceable/Memorable/Brandable: A dictionary word domain name is very valuable. Of course, the more popular and widely used the word is, the better. For example, “marketing.com”, “cars.com” and “hotels.com” are 7-8 figure domain names. Even if a domain name isn’t a dictionary word, being pronounceable and/or memorable and/or brandable are all big pluses that add to its value.
  • History: Domains that have expired or have been bought second-hand from previous owners have history. Generally, the old names come with higher price tags. Similarly, domains that have traffic, and good SEO metrics such as DA/PA usually sell at higher price points, as the new owner is getting a nice SEO jump start because of the domain’s history.
  • Extension: Domain name extensions play a huge part in a domain’s value. There are over 1000 domain extensions right now, the most popular of which is obviously the .com. The .net and .org extensions follow. The main advantage of the .com is its instant recognition and familiarity among internet users.

Many non-savvy internet users may not even be aware of the existence of other extensions.

Because there are many new extensions popping up, you can often find amazing one word and 3-letter domain names with these new extensions that are otherwise almost impossible to find unregistered in the .com world.

Additionally, these new extensions are becoming more and more familiar to users every day, hence it’s almost certain that their value will continue to increase as time passes and wider adoption manifests.

Keep in mind that when there’s an overabundance of options that can lessen value. Many of these new extensions won’t be worth anything. But some have the potential to give a huge profit.

This is why developing the ability to tell profitable domain names from junk is so important.

WHERE TO FIND IDEAS FOR DOMAIN NAMES TO REGISTER

There are several ways to find ideas for good domain names.

For instance, you can:

  • Browse domains that are currently selling or have recently been sold at marketplaces and directories such as Sedo, Flippa, and NameBio.
  • Look for expired/dropped domain names on websites like ExpiredDomains.net or JustDropped.com.
  • Analyze market trends and search queries to find potential domains that are likely to be more valuable in the future.
  • Go local. Local domain names have great value for local businesses. For instance: NewYorkPizzaDelivery.com.

Most domainers scour domain marketplaces and directories all day long looking for opportunities to buy an undervalued domain and then resell it. Exploring domain marketplaces is a relatively straightforward process.
img class=”lazyloaded alignright” src=”https://www.nichepursuits.com/wp-content/uploads/2021/03/seo-testing-280×255.png” width=”280″ height=”255″ data-ll-status=”loaded” />

Get easier access to valuable data. Run SEO tests to see what works. Keep a changelog on your site.

  • Quickly see missing opportunities.
  • See valuable queries you didn’t intent to target.
  • Search intent highlighting makes it easy to find commercial opportunities.
  • Iterate to better rankings.

CLAIM YOUR EXCLUSIVE TRIAL

Let’s go ahead and do a practical walkthrough of something a little more complex: market trends and search query analysis.

ANALYZING MARKET TRENDS TO IDENTIFY OPPORTUNITIES

Where do I start? So I heard about bitcoin and I know it’s all the craze nowadays. Let’s start from there. I’ll hop on Google Trends and type in “bitcoin.”

Google Trends basically tracks the popularity of search queries over time, it’s often a goldmine for discovering currently exploding or soon-to-explode topics/terms, etc. So here’s what it looks like:

google-trends

As you can see from the screenshot, it appears that searches for “ripple,” another cryptocurrency, are quickly growing in popularity. Let’s go to the Google Keyword Planner, type in “ripple” and see what comes up:

So the keyword planner came up with 332 keywords related to ripple, most of which can be used to inspire a domain registration related to ripple. Let’s go ahead and get some more ideas. We already know that ripple is another cryptocurrency.

Let’s head to NameBio and explore crypto-related domain sales. We’ll use bitcoin for this experiment. I’ll type in “bitcoin” in NameBio search, select “show all” and then sort by price by clicking on the price column.

Here’s what it looks like:

flip-domains-name-bio

What if we replace “bitcoin” with “ripple” in all these examples? SellRipple.com? RippleGiftCards.com? Ripple.network? Ripple.us…etc. You get the picture. There are a 100 of these on NameBio + the keywords we got from the Google Keyword Planner, that’s hundreds of potential high-value domains right there.

The thing is, we’re only scratching the surface here. According to Wikipedia, there are over 1,600 cryptocurrencies online right now… and that number is only growing!

Multiply that number by the hundreds of potential variations we got from the Google Keyword Tool and NameBio, and your brain will be buzzing with ideas in not time.

Of course, not all the 1,300 currencies will boom, but if you bet on the right ones and take early action, you can get your hands on some very solid domain names.

You can repeat all of this for almost every industry imaginable. Use a seed keyword on Google Trends and the Google Keyword Planner then just let the data guide your journey from there like we just did.

Once you’ve settled on some domain name ideas, you can head over to a bulk domain search tool such as DynaDot’s to mass check all the names against different TLDs. When you’ve found one (or a few) good candidates, you can simply go ahead and register them for approximately $10 each.

The next step would then be to market them. Then finally, it’s a waiting game.

Be careful! When searching for domains, it might be tempting to, for instance, buy mcdonalds.net (if it were available) and then try to sell it to McDonald’s. The logic here would be that they own the .com and wouldn’t want anyone to own the .net and use their name, right? Also, it’s a big name so there’s gotta be a biiiiiiig payday comin’, RIGHT?

Wrong, wrong, and wrong.

BE WARY OF TRADEMARKS

Buying a trademarked domain name could get you into a lot of hot water. Best case scenario is for the trademark holder to force you into handing the domain over and call it a day. Worst case scenario is you get into a legal battle and end up spending an arm and a leg in a fight you will almost certainly lose.

This is why it might be a good idea to use the United States Patent and Trademark Office’s (USPTO) website to check for trademarks if you’re unsure about a domain name.

FLIPPING EXPIRED DOMAINS

So the above was one way to find good potential domain names and register them for $10 bucks. As discussed earlier, there’s also another way that’s often used by the experts: buying expired domain names.

So what are these other strategies anyways?

In order to maintain ownership of a domain, you must renew it yearly. If you don’t, it “expires.” An expired domain goes through several stages before being released again for general registration.

The process differs slightly from one registrar to another but it’s more or less the same.

GoDaddy explains what happens to domains that expire with them here.

Most registrars put their expired domains up for auctions when the grace period ends and the owner is unable or unwilling to renew the domain. These auctions can often be goldmines for several different reasons:

  • An expired domain was obviously a domain that was registered before. Meaning someone was interested in it. This makes it more likely to be valuable than a domain that was never registered.
  • An expired domain has history. Age, traffic and SEO properties like domain DA/PA make the domain more valuable. Even if the domain name itself wasn’t that great, if it’s old (say registered 10 years ago) and has high DA and PA, it’ll be much more valuable than if it was never registered and hence never had any history.

It’s not all rainbows and unicorns though, there are some caveats:

  • A good expired domain will usually sell for quite a bit more than $10. You also risk going to bidding wars over it during auctions and losing it or overpaying for it. This makes reselling with a good margin tougher.
  • Expired domain names must carefully be vetted and scrutinized. Remember, this domain was “used” before and you have no idea what it was used for. It could be blacklisted in search engines, it could have been used for spamming or illegal purposes, it could have been used to defraud monetization networks like adsense….etc.

At the end of the day, the owner of this domain name let it expire and didn’t renew it. So while there may be many legit reasons as to why they might’ve done that, one of the not-very-legit reasons could be that the domain is “dead” in some way or another.

In other words, it’s no longer useful for the original owner because of a penalty or otherwise. If so, it’s unlikely it’ll be of any use for you as well.

So while this if often the method for finding great short domain names that look like they have serious potential, you need to make sure to do all your homework.

SO WHERE DO YOU FIND EXPIRED DOMAIN NAMES?

The most popular place by far is ExpiredDomains.net. The main advantage of ExpiredDomains.net is that it aggregates data from a lot of different auctions and websites around the web. There are also paid services like DomCop.

DomCop helps you identify worthy domains faster by displaying some additional data points that allow you to vet domains easily and in a unified interface.

Finally, there are services that curate domains they believe are worthy such as JustDropped.com’s newsletter.

DOING YOUR DUE DILIGENCE

  • Check backlink profile: If you’re not familiar with what backlinks are, they’re basically any public website that “links” to the domain in question. Since there are numerous shady tactics in the SEO world, expired domains’ backlink profiles should be examined carefully. Check if too many links are coming from the same domain or if links have weird anchor texts/use foreign languages. You can use a tool such as Ahrefs for these purposes.
  • Check Email Spam databases: Check the domain in spam blacklist databases such as UltraTools’. While there are usually processes in place that allow you to dispute blacklist placements, it may not be worth the hassle and could be an early “no-go” indicator.
  • Review Web Archive’s versions of the website: Examine the website’s history and how it looked like using the Web Archive. What was it about? What did it offer? This is useful for a variety of different reasons. It could inspire you as to who a good potential buyer might be (by analyzing the website’s content), and it could also signal some red flags in case the domain was being used for anything shady.
  • Check DA/PA: The “Domain Authority” and “Page Authority” metrics gained significant popularity over the last few years. They seem to correlate well with a domain’s ability to rank in the search engines and hence, a domain having a high DA/PA will typically have a higher value. This is not to say domains with low DA/PA can’t sell for a lot of money because, at the end of the day, it’s just one factor. However, it’s good to take a look at these as they may tip the scale in favor of or against some buying decisions.

STEP 3: PREP WORK AFTER BUYING DOMAIN NAMES

Once you’ve found a good domain, it’s time to go ahead and pull the trigger. You’d usually be purchasing the domain directly from the registrar if it’s brand new ( for around $10). If you’re buying an expired domain, then you’d usually acquire it through an auction or flat-fee, depending on the selling party.

Regardless of whom you purchase the domain from, the first step is to move it to your registrar. There are obviously many out there but my registrar of choice is Internet.bs.

It’s not a super popular registrar but they’re extremely reliable and I love them for a few reasons:

  1. They have some of the cheapest prices around.
  2. They never try to upsell, cross-sell and down sell you endlessly.
  3. You can find almost every domain extension under the sun.
  4. Their control panel has all the settings you’ll probably ever need without any gimmicks or marketing stunts everywhere (Yes, I’m looking at you, GoDaddy).
  5. They provide prompt support that is knowledgeable and friendly.

Of course, you can always go with the classics in the industry like Name.com and GoDaddy, but Internet.bs is my personal choice and I highly recommend them.

Once you acquire the domain, there are a few things that you can do:

  • Landing Page: You may want to make it clearly visible that your website is for sale. To do that, you can include a simple landing page ( see my clickfunnels review) that mentions that the domain is for sale along with a “contact us” form that allows the visitor to send you an email. This gives you the opportunity to receive direct offers which can often be very valuable.
  • Redirection: You can do this after listing your website for sale somewhere. You’d then redirect the domain to the listing or auction in order to drive users who visit the domain directly to the auction and maximize its visibility.
  • Parking: While your domain is just sitting there waiting for its new owner, you might as well take advantage of it. Parking sets up automated advertising on your domain so that you earn money every time someone views/clicks on an ad. This could be especially useful if your domain is an expired one that’s already receiving traffic. Services that offer parking include Sedo, GoDaddy, 1and1 among many others.
  • Content setup: If your domain has potential to attract good search engine traffic, you might want to set up some content to help facilitate that. If this helps your domain do better in the search engine rankings then it’s a big win regardless of whether you choose to flip the domain only or flip the domain with the content as a “website”. The SEO value will be helpful either way.
  • Whois Info: When your domain is for sale you want to be as “reachable” as possible and make it as simple as possible for anyone to inquire about it. This is why it might be a good idea to not opt for private whois so your email and contact info would be easily discoverable.

STEP 4: SELLING THE DOMAIN: HOW TO SELL A DOMAIN NAME TO SOMEONE

While this section may seem like it would be the longest/most important, it actually isn’t. Remember Neil Patel’s earlier quote, “you make money on the purchase, not the sale?” Well, we’ve already made the purchase. At this point, if you have a good domain name, it’s only a matter of putting it out there.

Don’t get me wrong, I’m not saying marketing your domain is not important. But, if you’ve bought a bad domain and you do (and overdo) everything laid out in this section and more, it’s still very unlikely that it would sell.

It’s like car flipping and spending a huge amount of money, time and effort perfecting a car’s paint job, except that this car’s engine is completely fried. You’ll never be able to drive it anyway, no matter how awesome the paint job is, it’s irrelevant.

MANAGING YOUR EXPECTATIONS FOR YOUR DOMAIN NAME VALUE

Before you lift a finger towards selling the domain, it’s important to keep your emotions and personal judgment out of the picture. It’s easy to get emotionally attached to a domain name that you think will be the next big thing and sell for 7 figures.

Control your expectations and keep them based on facts, data and expert opinions. Use a tool like EstiBot to get a general idea of how much the domain may be worth.

Do understand that this is an automated appraisal tool, so take those numbers with a grain of salt. However, it’s great to get you started.

You can also use paid, human-based appraisal services from Sedo and other providers, but these can get costly. If you’re not careful, you could easily overspend on such services and then realize your domain may not even be worth the appraisal fee.

Don’t accept the “value of domain” given to you by domain value calculators like those on GoDaddy or sites selling domain names. They’re incredibly inaccurate and sites selling domains have every reason to inflate the value of the domain name.

Buying and selling domain names isn’t a passive income business venture. This takes a lot of work to make serious profit by matching the right potential buyers with a brandable domain they’re looking for.

WHERE & HOW TO SELL DOMAIN NAMES

So here’s a list of the most common approaches people take when selling domains.

  • Reaching out to potential buyers directly: If you own, say BestRestaurant.com, then it would make sense to try and pitch that domain to restaurant owners. If the domain is even more niched down like BestNewYorkRestaurant.com, then you could also use the help of a directory such as YellowPages to help you narrow down potential candidates.
  • Simplifying inquiry process: As mentioned earlier, making your WHOIS info public and creating a landing page that simplifies the inquiry process could be beneficial as it encourages direct offers.
  • Listing on domain marketplaces: This is the most common route. You should, however, acquaint yourself with each marketplace’s policies and fees before deciding to work with them. For example, Sedo’s commission starts at 10% and BrandBucket prohibits listing the domain anywhere else if you’re selling with them.

Here’s a list of the most popular marketplaces (in no particular order):

  • Sedo
  • GoDaddy
  • Flippa
  • Afterinc
  • Igloo
  • BrandBucket

These should be more than enough to get your domain in front of tons of potential buyers. If you did a good job picking an awesome domain, you should have no problem (eventually) selling it. You need to be very patient as it could take months or even more to land a decent deal.

A lot of domainers sit on domains for years before actually selling them.

This is why it’s best not to obsess over a domain. Simply move on with buying and listing others. Or going back to your day job if this is a side gig, once you’ve listed the initial one.

HOW TO BUY AND SELL DOMAIN NAMES WRAP UP

Professional domainers usually have dozens or hundreds of domains under their belt at any given time. They’re constantly buying and selling domain names to maintain momentum and cash flow. This is usually how the full-timers do it. That’s who you can eventually become if that’s your cup of tea.

There’s a lot of power that comes from learning a new skill, even one like domain flipping. Spencer has used his skill to make niche sites earning over $2985 per month and sell companies in the 7 figure range.

You now have everything you need to get your feet wet and sell your first domain. For your first step, we recommend purchasing your first domain through NameCheap. As the name suggests, they offer very inexpensive domain names of all kinds. It’s the perfect hunting ground to start your business.

Click here to get started with NameCheap

BUY YOUR FIRST DOMAIN WITH NAMECHEAP 

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