Domaining: 3 Different Ways Of Making Money Online

There are many ways of making money online via the process of domaining. Usually, it is the act of flipping domain names that gets most of the attention. However, there are other ways of generating revenue. Take a look at the top three ways of making money online via domaining: flipping, parking and website creation.

Flipping Your Domain

The concept of flipping your domain name for quick profit has turned to be quite a fruitful venture for many domainers. It is possible to make large sums of money by simply purchasing a domain name and flipping it for money. The best part: the whole domaining process if relatively simple.  

Another positive point of flipping domain names is that it is a relatively cheap venture. Domain names can often be purchased for under $10. Also, you can purchase as many as you like. Furthermore, there is no need to create an elaborate website. Your job is only to purchase a keyword-relevant domain name.

Selling your domains is just as easy as the act of purchase. It is important to do your research before putting your domain for sale. A great venue to selling your domains is on eBay. You can also put your domain names for sales on sites dedicated to domain name selling. Visit Sedo.com, as well as forums such as Digital Point. Look at what type of names sell. Take a look at the title of the auctioned item as well as the description used. As in any new business venture, it is important that you do your research.

Parking

Another popular and lucrative way of making money by domaining is via parking your domain name. This process involves parking your domain into a domain parking website. Once parked, you will earn a proportion of the revenue generated by the site.

Once you have chosen a website to park your domain, you will be able to choose a template for your site, as well as the targeted market for your name. The company will then go forth and place advertising on your parked domain. You will then generate a portion of the money generated off of your parked domain.

Creating a Website

Another popular way of making money off of domaining is to develop a fully-functional site. Although this path may take a lot more time, investment and effort, the results can be phenomenal.
The process is simple. You purchase a domain name, host the site, and develop a website. The process of creating a unique site will make your domain more valuable.

The development of the website does not have to be overwhelming. You can search for free website templates online, which require little or no knowledge of a programming language. Next, produce original content for your website. Click here to help you get started on writing articles online.

Once the site is up and running, you will have to take some time to promote your website. The factors that you will have to focus on are search engine ranking and generating traffic. Though this route may take more energy, your efforts will pay off.

Good luck with your domaining adventures!

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