Would you like to know where millionaires like Richard Rosenblatt, the former owner of MySpace are currently investing their money? Well, he is investing millions of dollars into domain investing. There is a way that you can make money too, with expired domain names!
Business 2.0 magazine reported that domain investing is creating a new class of millionaires who are making as much as $20,000,000 per year in passive income from simple domain investing.
The field of domain investing is a fairly new one which is just ready to explode with profits. The web has become the new real estate boom. Instead of investing in condos and flipping old houses, people are investing in expired domain names.
So what exactly is an expired domain name? It's a domain name that someone had bought and didn't renew for some reason or another. And each day, somewhere between 15,000 and 70,000 domain names are not renewed and fall into the category of expired domain names.
What makes some of these expired domain names so valuable? Well, some have a lot of traffic directed to them already. Some people spent time building a website and a business online, directing taffic to it, exchanging links and developing listings with the search engines. Then they gave up on it or went on to something new. When the original person doesn't renew the domain name, it becomes an expired domain name and anyone can buy it.
You may be thinking. How can I make money with someone else's expired domain name? Well, there are several ways.
My favorite way is the easiest and simplest. Right now, when a domain name has expired, the parking company parks the domain. They put ads on it. When someone goes to that domain and clicks on an ad, they make money. Now if YOU own that domain name, and register it with a parking company, which is free, by the way, YOU can get those checks when someone clicks on one of those ads. It is really that simple to start a residual income. Those checks will continue to come in month after month as long as you own that domain name.
Another way you can profit is to resell expired domain names, the same way that you would resell real estate. For example, the highest reported domain sale in 2006 was $7,500,000. Now chances are that you're not going to stumble onto a million dollar website that no one has noticed, but even if you spend $60 and double your money, that's not such a bad investment!
Here is another idea. Search for domain names with the same keyword list that you use for your own website. Suppose you have a business selling jewelry, for example. You can purchase expired domain names with the same keywords and then point the visitors from the old websites to your new website. This will give you instant traffic!
While there is no way to determine the actual amount of traffic going to a particular expired domain, you can find out its link popularity in the major search engines.
These are just a few ways that you can make money with expired domain names and if you're a creative person, I'm sure you'll think of more. In no time at all, you could be on your way to making a residual income with expired domain names!
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