Are you looking for a profitable
business idea? Domain name business is becoming very popular nowadays in
Nigeria and it is very profitable especially if you do it very well. Have you
heard of domain flipping business? It is the easiest and profitable online
business ever. In this article, I will quickly teach you 3 ways you can make
money from domain name business here in Nigeria.
Profit Potential of Domain name business
Like I earlier said, this business is very profitable with profit margin from 100% to as high as 1000%. You can make it very big in this business if you do it properly. For instance you purchase a domain name as low as $10 and sell it at the rate of $100 and above for instance. Some domain names as costly as $10,000 depending on the SEO score which determines its value and worth.
If you buy a domain name at $10
and after a while (patient needed) you sell is at the rate of $500, you’ve made
a whooping $450 for yourself. That’s what the business is up to.
These are the 3 ways you can make
money from domain name business;
- Domain Flipping: In domain flipping business, you buy a domain and after some time you sell it for profit. I have been doing this business and it is very profitable. There are many domain flipping websites online who do legitimate business. Most notable of such is FLipa.com. You can even buy deleted domain names with page rank and traffic and resell it for huge profit.
- Domain Parking: Apart from buying a domain to resell it after some time, you can buy a top level domain name and park it for advertising. What is domain parking? This is simply putting adverts on your site instead of normal contents. When visitor views and click on the adverts that is placed on the website, you make money. Simple! Many web hosting companies provides domain parking services, including Goddady.
- Domain Development: you can buy a domain for just $10 or below, develop it to a full flesh website and sell it. The buyer of this website buys will purchase it as a readymade business. This aspect of domain name business requires time and hard work to optimize the website to attract potential buyers. For instance the owner of nairaland.com wants to sell the domain, how much do you think it will cost. The profit margin in this business is very huge deepening on the worth.
My Experience, though I am not an
expert in domain flipping business but I have been able to sell 6 domains and
the least amount for each is $200. This is very cool business you can do with
your leisure time. Therefore, I strongly recommend this business to ambitious
online entrepreneur to give it a try.
Next article is on how to start
domain flipping business in Nigeria. In this article, I will show you how you
can start this business with just below $6 and nurture it to a multi level
business.
Have your started your domain
name business already? Pease share your experiences with us. Do you want to
start but still have questions? Ask your questions in the comments section.
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