INTRODUCTION TO BUYING AND SELLING DOMAIN NAME

If you understand the meaning of Domain Name as we explained in this article here you will find out that the first step to running a successful business online is to have a catchy domain name.  Everyday millions of people who wish to put their business on the internet search for and buy domain names that will reflect the type of business they do. For instance in this site, our business is to teach you our own strategy for being successful in domain name industry, and so we searched for and choose the domain name, Nametray.com.  It reflects our stock in trade, and that is the foundation of running a successful online business.

Consequent upon, this, the domain name industry has become so active and large. Domains are expiring every day, and domains are being bought every day. Our goal is to teach you how to trade on this. That is buying low and selling high for some profit. But before you learn that, kindly understand the different strategies that we play in this industry.

Domain Speculation

The art of judging and valuating Domain names
is called domain speculation. This skill is vital and great and on one can make a living doing just that. The speculation has resulted to different methods that people trade on domain. Some will buy, develop, or optimize and sell, some will invest to sell at a future time, some flips others parks, and hey! Some buy the domain of their competitor in the industry for a particular reason I will teach you later. We shall discuss the above individually and you will learn how to profit from them. But first of you need to know how to obtain valuable domain names.

Buying Valuable Domain Names

Buying domain names is simple, but buying valuable ones is not so easy. This is the reason why so many people who run into this business without passing through Nametray.com’s class fail. To buy a valuable domain name, you need to first of all define your goal. Are you buying to resale, are you buying to build or to park or to clamp down the competitor. When this is defined, you will know what to buy.

For instance if the last option is your motive, and your competitor is Yahoo.com, you can choose to buy yaho.com (notice the one ‘0”), yahoo.org, yahoo.net if they are available. You could guess the reason for not, if not relax we shall get to that.

The major determinants of the value of domain include but not limited to the following: memorability, Search Engine Optimization (SEO), age, backlink, page rank and keyword optimization. If you learn these you are on your way to the top.