Did you know that you can buy a domain name that has already been registered?
You may have had a great domain name in mind and you have gone to register is but it has already been taken. The person who has registered your choosen domain name might actually have it up for sale so its worth taking a look into it. People also look into buying domains that are already registered because of there value.
Some of the most expensive domain names are those with just three letters in them, As of 1997 all possible three letter combination domain names were registered.
One of the most important things to keep in mind when getting into the exciting world of buying and selling domains is that there is an etiquette to follow. The difference between getting a laugh and making a person fall in love, is all in how you behave before, during and after the transaction. The basics of buying and selling are simple, however the actual "how" and "why" differs from one person to the next. Some people will tell you it's just a matter of getting what you paid for while others will tell you it’s more complex than that.
The "how" involves understanding the value and availability of a particular domain name. If you don't have experience in this area, make sure you ask others who have had success with domain names and buying and selling them. Make sure you aren't getting scammed, after all, this is your hard-earned money that you're investing. If you have someone qualified tell him/her as well. Don't make any sudden decisions based on gut instinct.
After finding out the value of the domain name you want to buy, you should then familiarise yourself with the different types of hosting services available. If you want to sell your domain name, there are several methods you can use. Most common is through a domain transfer. However, some companies will allow you to purchase a registration so that you can use your current domain for a certain period of time.
It's very important to do your homework and research what each option has to offer. You will probably find that some options are more beneficial than others. While some make the process of buying or selling a domain much easier, make sure you understand all the costs and benefits involved with each option before making a decision.
If you decide to buy a domain, make sure you pick an expiration date. This will help you in protecting your investment. When the time comes to sell it, you won't have to pay the price higher as compared to when you bought it.
Always remember that, when buying a domain name, you should be prepared to lose some of your money. You will most likely end up paying a few hundred dollars for a domain name, but it will be worth it. The domain name will remain with the company or website owner until the end of the contract. Some companies provide a lifetime fee for the domain. In return, they receive their profits for the lifetime of the domain name.
Before purchasing a domain, ask around or browse through various websites that promote the buying and selling of domain names. One of the risks involved in buying a domain name is that the website owner may shut down the website in the future. If you don't own the domain name, you have no way of getting it back. Another risk is that the company may not have the right to sell the domain name. Be very careful when buying domain names.
You can also choose to get a hosting plan instead of buying individual domains. With a hosting plan, you'll pay only for the space you use. You can then use the hosting space for other things, or just for personal pages or sites. However, when choosing a hosting plan, be sure to read the entire Terms of Service (TOS). You don't want to agree to terms that contain nasty surprises.
Purchasing domain names can save you money if you use a quality provider who offers reliable services and reliable products. Make sure you understand how much bandwidth and storage each package offer before you buy any. This will help you determine whether or not you'll be able to save money by installing additional services on your website, or if the domain will simply not generate enough money for you to justify the purchase.
Another option you have when it comes to buying domain names is to purchase one domain name and host multiple websites under it. For instance, you could create a blog and then have several other websites that relate to that blog. All of the sites could link back to your main website, which would generate income for you. However, this approach is not always as simple as it seems. For one thing, different hosting companies charge differently for domain names, which can make the process of adding more domains much more complicated than it needs to be.
You also need to consider the reputation of the company that you buy your domain name from before you buy. You'll likely have friends and acquaintances that own domains, and it's important that you don't end up getting an inferior product because of the company you bought it from. Before you buy a domain, take the time to read reviews from previous customers. Find out what they like and dislike about their provider, and what factors led them to make their decision. By using the tips above, you should be able to buy a domain name that will allow you to run an effective website for years to come.