Using Expired Domains Names To Potentially Bring In A Little Extra Cash At Home

Posted by: freeworkathome on Wednesday, June 10th, 2009

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Here’s a controversial way of prospecting and most likely generating various money – buying old domain names. Why is it a little controversial? Well simply because a few people do it with the intention of making thousands out of the rightful owner.

First, what is it and what is buying old domain names about? Well, every day thousands of domain names terminate and are not renewed. They are not renewed for a range of reasons. Fairly frequently the previous owner has got bored of the web site and not worked on it for a while, or the idea has not worked out. In this case, there is no harm in someone else buying the web site URL and using it for their own purposes. But this only accounts for a quantity of of the old domains that are bought by other people.

In a couple of examples recently, with particular of my own customers, the customer has been in charge of maintaining their own web site domain name but have forgotten to renew it for one reason or another at the relevant time. In both cases, someone else hastily bought up the domain name, didn’t use it and made it available to sell back to the owner. One customer was told that their domain name would cost many thousand dollars to buy back from a quantity of Australian guy who had bought the domain name. And that was for a charity’s web site.

This is the side of buying old domain names that particular people promote, which I don’t like. But with a few registrars, if the new owner approaches the previous owner and offers to send back the name for a large profit, the registrar will immediately withdraw the domain name from them. Without approaching the rightful owner, there is a likelihood they won’t approach the new owner any way, so it isn’t a wonderful way of earning cash. You need to be able to buy scores ofdomain names hoping that one or two are bought back.

The more legitimate side of buying domain names is effortlessly hunting for old domain names that still have a lot of traffic. This might be because there is traffic coming in from search engines, links in forums and best site lists etc. You buy these since the previous owner has determined that they can’t be worried with the domain any more and then transfer the traffic to an income.

How can you do this? Well, putting Google Adsense or other PPC adverts onto the home page for the web site can mean that people arriving there with nowhere to go may well click the advert and earn you a payment. If the URL name is related to an obvious product, then you can also be able to add affiliate links to this to create a direct selling prospect. The trick here is finding the domain names with traffic on them. More work at home ideas on the blog.

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