Here at TrafficZ, a portion our new clients are new to the domain industry. Typically, they have friends or family who have had success with domain portfolios and are looking to try their hand at the business as well. If you are a newbie or are just simply interested in exploring the potential of domaining, this beginner’s guide is for you.
Do Your Research, Have Realistic Expectations
Before taking the plunge and purchasing a plethora of domain names (or even ONE domain name), make sure to do your research. Owning a domain is like owning a piece of real estate, so look at it like a life-long investment. It is important to learn and understand the business before you dive in. Consult with someone who has had success domaining and ask them to show you the ropes, share resources and give you advice. If you don’t have a personal mentor, there are plenty of valuable resources online. We like to recommend a book/site, Domain Graduate (www.domaingraduate.com) and various online blogs such as DomainNameWire.com, Domaining.com, TheDomains.com, MorganLinton.com and DNJournal.com. Keep up with industry news, trends and happenings 24/7 if you plan on taking domaining seriously. You must also have realistic expectations. Don’t expect to get rich overnight. Often times, newbies come into domaining thinking they are going to strike gold because they know they just bought the “best domain name in the world.” Rarely is this the case, but with the right decisions, investments and patience, you may come to find the world of domaining can be a lucrative one.
Choosing a Domain Name
Choosing a domain name is like choosing names for your children. Be smart about your decisions because they could be lifelong ones. If your goal is to make income, think about a few things when choosing a name. “Who are the potential buyers here?” or “Who are the end users here?” Knowing who they are allows you to understand what they’ll want when they come to your page.
While there is great potential in extensions such as .co, .org, .info, etc, the .com extension will always be king and .net, isn’t far behind. Try to choose domain names with those common extensions. Generic words or terms that focus on a product, niche or service are your best bet for natural, type-in traffic, which is what every domainer aims for.
For help with choosing a domain name, check out WordTracker – https://freekeywords.wordtracker.com/ – This free tool allows you to type in a keyword or phrase and view its monthly search numbers. If the word returns 5,000 + searches a month, that is a good indicator that the term/subject is in demand and might generate some decent traffic if tied into your domain name.
For some additional free tools to assist in choosing your domains names, check out this great guide. http://www.dnjournal.com/columns/cover040805.htm
Once you have an idea of the names you’d like to purchase, choosing a registrar to register those names is your next step. A registrar and a registry are two different things. A registry holds the contract to handle the entire extension (Ex: Verisign holds the contract for all .com and .net extensions). You cannot purchase domains from them directly. A Registrar is the middleman between the user and the Registry and they typically offer various extensions with various registries and allow users to purchase domains directly.
In addition to registering domains with a registrar, it would also be wise to research domains in the aftermarket. These are names that have already been purchased by someone else but are made “for sale” by the current owner. We recommend a great aftermarket site – our sister company, Aftermarket.com. Here you can browse over a million domain listings or search by keyword. You can bid, buy or make an offer on listings, depending on the listing style.
If you have a particular domain name in mind and you find that it is already under ownership, check to see if the domain is for sale and inquire with the owner. This information is usually accessible on the page itself or within the Whois.
Before you make an offer on any domain name you should spend some time understanding the market so you have an idea of a realistic offer. You don’t want to overpay or make an unrealistically low offer and waste both your time and the potential seller’s time.
Time to Make Some Money
Once you are confident in your domain name purchases, you are now ready to make some money. If you know someone who has had success earning revenue on their domains, chances are, they have made it through domain parking. Parking companies provide an ad feed for your domain pages with relevant advertising. You can then make money when a visitor clicks on one of those ads. The more natural traffic you get to your domain(s), the more opportunity there is for you to turn out some revenue. How does one get natural traffic? Once you get started with your free TrafficZ parking account, you will find our auto-optimization feature to be very beneficial to help drive that natural traffic to your site. It is important to keep the terms and content on your domain pages to be as relevant as possible to your domain name so that users find exactly what they are looking for when they come to your domain. The more relevant the page, the more likely they are to click. If you want to tailor your domain content a certain way, our system gives you the freedom to do so with our manual optimization feature. Just try to stay as consistent as possible. We also offer have a dedicated team of Account Managers here to service your optimization needs. They can assist in making the most revenue out of your domains.
If you have the time and resources, it is important to add content to your page and to constantly update it. Adding content allows search engines’ web crawlers to find your domain page and index it. Getting indexed is often times domainer’s number one goal as the exposure their page receives from the search engine search generates a large amount of valuable natural traffic.
Selling Your Domains
Once your portfolio is a bit developed, you may want to consider selling your domains then reinvesting that income into new names. To get the most exposure, you have several options. List your domain for sale on a platform such as the previously mentioned Aftermarket.com, where potential buyers can facilitate the sale right within the platform. The great thing about Aftermarket is that this site allows you to list your domains for sale in several places at once. Some selling platforms do not offer this in their terms and conditions. You can also make your domain “for sale” within the public WhoIs or within your parking company’s domain page settings. Domain inquires will then be directed straight to the email address you registered when you bought the domain name.
It’s easy to “aim high” when you put your domain up for sale. Of course, you, as the owner, believe it is worth a certain amount and attempt to price it accordingly. However, you must do your research before you try to slap a 6 figure asking price on it. There are so many domains that are priced unrealistically, therefore making it impossible for sellers to sell. There are free tools out there that can help guide you in the pricing process. We recommend Estibot, a free domain appraisal tool that can give you a rough idea of a realistic price range.
With any hobby, domaining takes patience and persistence. You may make mistakes, but learning from them is the key to perfecting the craft. Best of luck to you on your domaining journey!
For any additional questions, please contact support@trafficz.com