A Guide to Get You Started in the Domain Name Flipping Business
Recent statistics show that over 4.1 million people today use the internet on a very regular basis. For an entrepreneur, these figures could be motivation enough to get you started in a lucrative business venture online; such as flipping domain names. No doubt this is a tried and tested way of not only generating good traffic but also making some extra money. Individuals and businesses today are always searching for that domain name that will align with the purpose of their brand. Continue reading to learn more on how you can get started in this venture.
First and foremost, think beyond having a domain with the “.com” simply because over ninety percent of businesses today carry this extension. For starters, how about you think beyond the usual “.com” domain name extension and think outside the box? No doubt there are so many extensions to choose from when thinking beyond .com? Most people begin their business using an extension that is specific to local SEO. For example, a “.us” extension will be perfect if your concentration is in the US market.
You must also look for the most lucrative niche for your domain name. This becomes all the more important when your ultimate goal would be to do SEO for the domains. Look no further beyond a specific niche especially when you start creating a portfolio of all your websites. Another important aspect is to ensure you concentrate on a niche that is in-demand, lest you get stuck with many domains and no customers. It would also be prudent of you to concentrate on a niche that you understand all too well.
Once you are done with the niche, the next important step is to focus on the keywords that are rich in SEO value. The reason for this is to be able to boost traffic to your site. To get started in finding rich keywords, how about you conduct a keyword analysis to know the number of searches it gets in a month. You can use effective tools such as niche finder software and Google keyword planner. The best keywords are those that have at least 10,000 searches a month.
People today like associating themselves with memorable business names; not those complex ones with numbers and hyphens and parenthesis You need to know how much you are willing to spend on your new business venture. The best approach is to test the waters first by starting small, then expanding your investment portfolio when you learn the ins and outs of the business.