Domain Buying and Selling: Is it profitable?

Can you make money buying and selling domain names? The short answer is yes. The long answer is that you have to work at it.

If you buy a domain name without researching it, and making up words that are close to a real website the chance of you being able to sell it is slim. You can buy a lot of domains and never sell any of them. The dream is that you will be able to buy a domain like gooooogles.com and sell it to either a prospective buyer or google itself for a lot of money.

The truth is that you may be handed a Cease and Desist letter from the company that you have squatted the domain of. In truth they may be able to just take your domain from you legally as you have bought it with the prospect of selling it back to them at a profit. This actually happened to me many years ago when I first attempted buying and selling domain names. The truth is that I spent thousands of dollars and made about a hundred or so in profit.

I will admit that I was young and inexperienced at the time, but I will also say that I was sure I knew what I was doing. I had bought all the WSO, ebooks, and books on domain name selling and marketing that I could find. The truth is that even after reading everything I was still wet behind the ears and was dreaming of huge profits. I thought that if I found a great domain name I could make thousands. WSO's are structured to give you hope and make you believe that you know all there is to know about the subject. The truth is that they don't always tell you everything, and a lot of what they leave out is that "results will vary". What works for one person will (usually) not work for someone else.

Now, I know you may be asking yourself... Should I get in to domain name buying and selling? I say if you think you know the market then yes. If you are not sure, you might want to take a moment and research a bit more. You may want to check domain name auction sites and do some comparing. See what domains are selling and why.

With any new business research is key! If you do not thoroughly research your new business you could find yourself spending more money then you intended!

As always questions and comments are welcome, but anyone trying to put in spammy links will just have their comment deleted. :)