Making Money With Domain Names

August 4th, 2009 | Posted in Domain Names, Making Money Online, Moneymaking Ideas

There are many ways to make money online and one lucrative way is by buying and selling domain names. With just a cost of a $10 registration fee some have made thousands, even millions, on just one domain alone. If it were so easy then no one would need their day job and could be instantly living in the lap of luxury.

Before you start out on this moneymaking venture and pick  just any name, remember the most valuable domain names are already taken. When selecting a domain name you have to consider its potential value. The best way is to analyze what the domain could be used for if someone were to build a website on it, the targeted buyer for it and would you yourself  buy it for more than the registration fee let alone pay a considerable sum for it.

Start on a small scale. For example a $50 investment. You can either register a few new domains or find ones for sale  that look promising and priced low enough. Sometimes there are domain sellers that are clearing out their portfolio or are in dire need of money which you could bargain with to get them cheaper. If you can make even $20 or $30 on each domain sale, then you are well on your way to making money with domain names. Once you get into the swing of things, you can get into the higher priced domains and make even bigger profit.

There are many places to buy and sell domain names like Sedo, GoDaddy Auctions, Snapnames, Aftermarket, NameJet, Moniker, as well as numerous webmaster forums. Especially in webmaster forums you can advertise for free and find some great deals.  Once you have acquired these domain names you will either have to park them with a domain parking service, which most are free,  or place a web page on it to help increase the value of the domain until you sell it.

Just like starting any online business, you have to do some research and look at the trends of what is being bought and sold plus findng the best places to market them. Always keep in mind that you want to buy low and sell high, and not get into the opposite trap where it could become a losing venture.

Many are successfully making money online with domain names and you can too.

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To Make Money Online Successfully Requires Motivation

April 14th, 2009 | Posted in Making Money Online, Online Business

The one stumbling block to making money online which can stop you quickly in your tracks is lack of motivation. Unlike a regular job that you punch in a clock, do the work that is required of you and go home at the same time every day, an online business schedule can be erratic with irregular hours. Most online marketers who work from home like the flexibility to be able to work whenever it conveniently fits their schedule, even in the middle of the night in their pajamas if they choose.  Who is going to notice or even care what you look like, let alone know you are suffering from insomnia.  If you aren’t motivated to succeed, it doesn’t really matter what online business you choose to do.

The greatest motivator for most people is financial survival. That means when you got bills to pay, you got to earn money to pay them. Maybe you want to buy a house, a new car or take a vacation, these are all goals that can give you reasons to achieve. But is it enough? No. Not if you don’t have a plan to execute or any passion for what it is you are doing.

What can get one person motivated may not be the same for another but one thing is for sure unless you are filthy rich and doing online marketing for fun, making money is always a  good motivator. Make a plan, even if you change it every day, it gives you something solid to work on. Choose an area that you are going to enjoy doing on a daily basis and not just for the money, because sizzle will go to fizzle soon enough.

I admit it took me time but I got motivated  to write this, in order to get anyone who is not taking action to do so now and start making money online. Lack of motivation should no longer be the issue.

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