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It seems writing / designing / creating the old fashioned way is very popular around these parts but I'm sure a whole bunch of you also have aspirations to do your own thing and create your own content by your own terms. Nothing but you, your underwear and an internet connection that lasts you through the night. How dreamy does life get?
I personally run a little side gig in the domaining business, buying up domain names and doing the marketing and grooming they need to turn me a healthy profit.
There's a few steps between seeing a nice name or an idea inside your head and turning it into something you can flip for profit, but the great benefit is that you only need a small amount of funds (100 bucks will easily cover you for a few beginner forrays) and a working internet connection. The woes of keeping a physical stock as you do in webshops or material auction flipping is nonexistent in this business!
First things first, you'll need to have the names that you're actually going to sell for a profit. My favourite shopping spot is Godaddy auctions and closeouts. This is where old domains go to be sold to the highest bitter when their owner forgets to renew them, passes away, goes bankrupt or any cause you could think of. A bunch of name providers such as namejet and sedo have stringent minimum bids of $69 bucks which can be daunting for a starting online entrepeneur, but I've managed to find a whole bunch of hiddens gems for as little as 20 bucks in the godaddy expiring section.
With a few hours of work in setting up a parking account at your preferred resale platform (I use Sedo.com) you can passively attract buyers and earn revenue off of the ads that rotate on your newly acquired domains. A good domain can go from anywhere between 200 dollars (for your average 3 words domain) and 13 million dollars (for a giant like sex.com)
The viability of making a living will depend entirely on your portfolio and your abilities to feel out the market - it's a hands-on and independent way to take your online work to the most basal form, the very websites and domains that make up the internet.
Good resources that helped me out as a beginner were the ever knowledgeable Namepro forums and the blog of Domainsherpa
For those of you who plan to take a look at the godaddy bargain bin and listings I would highly recommend the Ebates cashback program (nonref). They're currently running a promo that will give your a 15% cashback on your purchases, be it auctions, hosting or direct domain name registrations - that's 15% ahead of any competition that doesn't use it.
If you're like me and you get the itch of using some of your newly acquired or registered domains for personal ventures or fun projects (maybe while listing them for sale simultaneously?) I can highly reccomend hosting an account over at Siteground. I can't count the number of times their support helped me out with all sorts of beginner woes.
If you'd like me to go in-depth on concepts or the numbers involved, please feel free to leave a comment with details of what you'd be interested in knowing; I'm very passionate about this and I hope atleast one of you will also get to know this joy!
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