The next level of this money-making venture is to actively search out popular domains that are coming up for auction and transform them into something useful: you can just put a bunch of ads on the page if you want.
Google has a service for this called Pagerank (named after founder Larry Page), which lists websites according to their relevance within a certain topic. It uses complex algorithms and other things that fly way over my head, but it essentially ranks sites based by the number and quality of links that are directed to that website.
Anyways, the money-making part: there are several plugins which will scan the auctions of domain-registry websites like GoDaddy.com and automatically sort through the domains based on their PageRank (which is publicly available). These plugins are incredibly useful because they put all this information right in front of you with just a click, as seen in the picture to my left:
These plugins are not free, but they're not nearly as expensive as one may think. The one I'm using only costs $9.99 because it shows auctions that expire in one day as opposed to auctions that expire in 5 (I don't understand why you would pay more to see auctions that are farther away...?)Doing a quick search, the best one I've found is at FFPlugins.com
It's clean, professional, and really straightforward, which is way more than I can say about the other plugins I tried. Using their GoDaddy Auctions Plugin, I bid for a couple of sites right before they expired, and they are now making money for me through adsense. It's kinda strange how much traffic you can get with a high PageRank, but I'm not complaining.
With the two domains I've bought, I've made more money in a week than I make in a week at this website (Shelby's Shells, unfortunately, does not have a high PageRank). Check it out if you're serious about this money-making stuff.
Once again, the link is here if you're interested
24 comments:
What a wicked idea! Ill have to look into this for sure. Thanks!
sounds like a good way to invest money
Yeah this is a great idea. It was huge in the late 90's with people snatching up the domain names of celebrities, and selling them back to them for a huge profit.
Wow, I had no idea people were still doing this. Can you imagine being the guy who snatched up Coca-Cola.com way back in the blue and white screen days?
This sounds a bit risky, but hey, its money, who cares! Though it would take some research as to who would be able to pay the most money for certain sites...
thats cool to know
gotta think of a smart domain before everyone else does!
i dont like domaingrabbers
I've been looking for something like this. I've been doing it all pretty much by hand.
Nice. lol at the first page
Really interesting post, thanks!
Sounds like a really great idea. Thanks for the post.
that is actually a good idea!
Domain buying requires a good amount of investment, google keywords ftw!
thanks for the tips, i could try to do that once :D
Nice tips!
Wow, great info on this one!
i guess if you really have the know-how you can pretty much make a living just from buying and selling. awesome
great post. thx
I will be buying a domain for my blog soon . This guida will be in my bookmarks .
you should be carefully that you aren't buy youtube.zn or something like that...
that can end badly
That always confused me how people made money doing that, this was a nice article :)
really great information
This is one great tool I bought from a forum 'n made enough money out of it.I also promote the same product. But the link that you gave is dead. ie http://emperoryogi.ffpluginsgod2.click2sell.eu/?checkout%20
remove the 2 from ffpluginsgod2 and make it as http://emperoryogi.ffpluginsgod.click2sell.eu/?checkout%20 or even ffpluginsgod.click2sell.eu
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