How to Choose and Buy a Domain Name and Sell it to the Potential Buyer

When you buy a domain name for resell there are some decisions you need to take.

How much should you pay for it?
What niche is it?
Who is your potential buyer?

These answers need to be answered before you buy the domain and this is how you do that:
How much should you pay depends on quality of domain and traffic it gets.

Quality means that the:
1. domain is short
2. domain is easy to remember
3. domain is easy to spell
4. domain is descriptive or/and brandable
5. domain does not contain hyphens and numbers
6. domain has a .com extension

Traffic means:
how much traffic the domain gets. More traffic means that the domain worth more, because there are more revenue opportunities from that traffic.The price of a domain needs to be summed after taking the quality and traffic into the consideration.

I would suggest third party advice when you are trying to decide about the price you think the domain you want to buy for reselling if you don't know how to do it yourself, just use appraisal sections on domain forums or ask a domainer friends of yours.

The niche you of that domain you want to buy is important too, the questions you have to ask yourself are:

- Is it a big niche with powerful players in it?
- Does it get searches in search engines?
- Is it an affordable niche? I mean high quality keywords, like money, mortgage etc…
- Can you research that niche easily?
- Can you write a sales page on that niche easily?

In my experience the most important part in choosing a niche is the last point, will it be easy for you to write a sales letter to a potential buyer? I suggest choosing a niche that you know at least some minimal information about or learn to write killer sales letters.

The last part and most important is how to find the potential buyer for the domain you want to sell:

- Research
- Research
- More research

Use business directories like business.com or yellow pages and more..
DMOZ.org is a great resource for finding a potential buyer too.

Here I will give an example:

Not long ago I had buy domain name with the name Connectors.Us
I bought it under 100$ and of course I wanted to sell it for profit. I started my search on Google with the term: "Connectors" , and I surprised to learn that connectors are connected with electronic niche.

Next step I took was going to dmoz.org and searching for electronic parts manufacturers, and connectors, then I found a nice list of companies, I wrote a nice sales letters and sent those emails about my sale to the companies. A week after, I have sold it for 1000$, I can tell you it is a great ROI, and it was easy as hell.

Choose Perfect Domain Name for your website

Worried for your Website Domain Name? Then not to worry!! Our complete guide will illustrate you the most perfect steps to choose domain name. But before doing so it's very essential to understand what domain name stand for!

Just as a person requires a name to hold a unique identity in this world, the same way website too needs a unique name to hold an identity in the form of domain name, so that it can be easily and efficiently bulletined.

Here, a domain name stands for the name given to our website that makes it easier for the visitor to locate the pool of data we want to show to the world. There is wide range of domain names floating in the world of web, but the best four are .com, .net, .info and .org. Besides, those the rests are .co.uk, .org.uk, .plc.uk, .com.au, .me.uk, .ltd.uk, .biz, .in, .name etc.

The domain name for a web site should be enduring and comfortably remembered by anyone. If web sites keep its domain name altering frequently, it becomes difficult for the visitors to remember and relocate it. Also, it is not easy for a visitor to remember a domain name that is not easily spoken in words. Thus, there are few important items to be considered while choosing a permanent domain name and that can rank your website perfectly.

Apply English words- One should apply simple and business focused keywords for domain name. If possible use a combination of English words for your domain name, like webguide.com, and try to keep the total domain from becoming too long.

Address a unique name for your domain- If you will create a unique name like zap or vexat you will have a greater chance of getting a shorter domain name. And everyone can easily remember even that domain name.

Domain Extensions- There are many domain suffixes to choose from for a given name, i.e. .com, .net, .org, .info, .us etc. Try to choose the best extension.

Generic Name- It is very important to note, that your domain name should match to your brand name or product name. The very name that you use to advertise your product is the name that you will want for your domain, because that is the first thing that people will try in their browser. It is also the easiest thing for them to remember, and whatever that is easily remembered, will be more likely to be tried out than the obscure domain name.

Hyphenated Names - Domains containing hyphens are difficult to remember, spell and pronounce. So, if you register a domain containing hyphens, make sure that you also register the corresponding domain without the hyphens. Once you do that, you can simply redirect visitors from the domain without the hyphens to the domain with the hyphens.

Plurals- Very often a domain name will be free in the plural but not in the singular form. It's a personal choice, but if your preferred choice of domain name is not available you might be stuck.

Thus, by applying aforesaid segments we can build a permanent and a faultless domain name with equal ease and perfection. As our domain name can take us to the top of the business scenario.

Purchase a Domain Name

Before purchase a domain name, there are several things you should note. How do you register a domain? What can you do with your domain name once you have one? What about web hosting?

Let's answer the easier question regarding what to do with your domain name before purchase a domain name. Obviously, you can use your new domain name to set up a web site. Fortunately, you can do a number of things with your domain once you register it. Have you thought about selling it? You can forward it to your main domain. You can even leave it parked just gathering dust waiting for you to decide what to do with it.

When you purchase a domain name, Make sure the domain register allows you to use the domain management features. With these features you should be able to access and update all aspects of your domain from your nameservers including your MX records (mail), to your privacy settings and contact information.

How do I go about registering my domain name? You have to decide which domain registry you want to use and how much you want to pay for this service. Quite honestly, if you are paying more that $10 to register your name, you are paying way too much. There are many solid companies that can register your name for under $10. Now you have chosen the domain registry you want to use.

First step, make sure your domain name that you want to purchase has not been registered by someone else by doing a "whois" search. I know, you are scratching your head and wondering what is a "whois"? The good domain registration sites maintain a whois database. Fortunately, they also have an easy way for you to check by just typing in the domain name and it will search the whois database and let you know whether it is available.

If the name is available, the search will let you know. Many of the domain registration websites will offer suggestions to you if that name is already taken. Word of caution. Think about your domain name and how it may be used in your business to drive traffic to your website. This is not to be taken litely.

Your name is available so now you can proceed with the checkout through the domain registration site. At this point, more than likely you are probably done! However may take up to 4 to 8 hours for dot"com" and dot"net" domains to become active and about 24-48 hours for other domain extensions. This is referred as our domain name is "live".

So now you got a domain name and you want to set up a website. You need a site that provides web hosting. One again you have to decide how much you want to spend. Keep in mind that many of the domain registration sites offer low cost web hosting that is solid and reliable.

What programming language are you going to use for our website? Will you be using FrontPage? If so you will need a web host that has FrontPage extensions. Are you using HTML or an open source editor? Then a Linux based server will work for you.

Here are a few suggestions to watch for. Web hosting is normally charged monthly with some sites offering discounts for paid in advance service for 6 months or 12 months. Check the refund policy to see what happens if you cancel before the prepaid period is up.

Does your host provider support PHP 5? With PHP 5 support, you can program using the latest version of this server-side scripting language. There are free templates available that take advantage of existing applications and add-on's written in PHP 5. Check to see if you can run both PHP 4 and PHP 5 simultaneously on the same site.

Don't forget site administration. What type of administration interface is available? Can you easily make the changes to your site you need. Can you manage and maintain cgi apps, library versions, Perl, and Ruby on Rails from within the site administration area? Site administration is suppose to help you not frustrate you in getting around and doing things.

The hardest part about getting a domain name registered is making sure no one else has registered it. You may think your domain name is unique until you go to register it and find that not only is the dot"com" taken but also the dot"net", dot"org", dot"biz" and all the other extensions. You also can assume from that, you may be on to something that is desired on the web.

Purchase a domain name and paying monthly for web hosting does not have to break the bank. You can pay a lot of money or you can actually pay less and still get a solid product. Have fun!