-- What Makes Expiring Domain Names So Good? --
In short, expired domain names are a GOLDMINE. Better yet,
they are a goldmine on autopilot because making money with
expired domain names does not really require any active
work.
First of all, for those of you who may not know exactly
what a domain name is, whenever you see YourWebsite.com or
YourBlog.net, that is a domain name. In order to get a
domain name for a website or a blog you need to register it
with an appropriate company called a 'domain name
registrar.'
Domain names are pretty cheap (about 8 bucks a pop or so),
and there are tens of thousands registered every single day.
When you register a domain name, this is not a permanent
thing. Rather, you will register a domain name for a
certain period of time, anywhere from one ot ten years
usually.
Most people choose to register a domain name for only one
year at a time, and in this case the domain name must be
constantly renewed in order for the owner to keep it. Many
times, when a domain name is approaching its expiration
date, the owner will simply choose not to renew it.
-- How You Can Cash In On The Expired Domain Name Trend --
So that is all well and good, but WHAT DOES THIS HAVE TO
DO WITH MAKING MONEY??
Here is where the cool part comes in:
Every year or few years, the owner of a domain name must
pay a registration fee or else the domain name itself will
be back in the marketplace where anybody can buy it.
There are many reasons why an owner of a domain name would
not renew it, including that they simply did not realize it
was going to expire, they got sidetracked with other
business ventures, or they simply decided that they did not
want it anymore.
But the kicker is, when the domain name expires, there is
still alot of traffic being directed to that site because
of the previous owners promotion methods!
If you can redirect this traffic to your own site
(especially if the topic of the website on the expired
domain name was similar to your own website's topic), you
have a stream of new visitors coming to your website every
day that is totally on autopilot.
If, as an individual or even a small business, you set out
to acquire some expiring domain names for yourself, you
would have a very difficult time going about this. It
requires a sizeable amount of capital to be able to get
into the expired domain name game an a large scale, and it
is only on a large scale that you have massive success.
This is just a simple principle from Economics 101, people!
ECONOMIES OF SCALE, which means the little guy doesn't
stand a chance. It's the same reason that nobody can
compete with Wal-Mart, because they have such a huge amount
of working capital.
But, like the title of this section suggests, there IS a
great way for the little guy to cash in on expired domain
name traffic. There are a few companies out there that buy
up expired domain names on a massive scale, which over time
means that they have a continuous stream of TENS OF
THOUSANDS of daily visitors which they can redirect to
anywhere on the web they wish.
But instead of keeping this goldmine of traffic to
themselves, they will allow anybody to submit their own
website address and have some traffic redirected their way,
which is very affordable and efficient for the little guy
with a small budget.
This can be a great option for anybody who has a quality
website but lacks a steady stream of visitors, as this is
among the cheaper yet still effective of all marketing
options.
--Picking A Good Company To Get Traffic From --
I will say right now up front that it IS possible to be
scammed in this arena. Be on the lookout for unscrupulous
companies who pander to the hopes and dreams of aspiring
internet marketers, and then run away with their cash.
What is it that differentiates a legitimate company from a
scam in this area? One thing is that a legitimate company
will always have testimonials from customers about their
service, and a scam will not.
A legit company will also be very upfront about what their
entire operation is, and they will explain it in terms that
even an internet newbie can understand. A scam company
will take the approach of providing little quality
information, perpetuating the illusion that they know alot
about this industry and you should just trust them on this
point and hand over your credit card info.
Basically, if you have spent a decent amount of time
surfing the web, you will have developed an intuitive sense
of when a site 'just doesn't feel right.' So if you feel
any internal alarms going off, simply click off the site
and make sure you don't give them your money. Most likely
there will be absolutely no return on investment.
----------------------------------------------------
This article provided free courtesy of
http://www.FiveStepProfits.com . Find the one Expired
Domain Name company we recommend in Step Four of our Five
Step Profit Plan.
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