Make Money Online with Domain Name in Three Ways

In part 1, we have discussed about the first way which is by flipping domain names for quick profit. Now, this article will share with you the rest of the two methods you can use to profit with domain names.

Parking
Maybe, you don’t like domain flipping because it involves Internet selling. You are wondering if there is any other way to make money online with domain names. Yes, there is. You can park your domain names into the domain parking websites and earn a share of advertising revenue.

The parking service websites will generally set up a page on your domain name. You get the chance to select a template and the niche of your advertising. They will place relevant ads on your page and you will earn a share of the ads revenue generated through your page. The advertising models are either cost-per-click (CPC) or cost per thousand (CPM). If the ads appear on your page are CPC, then you will earn money for each ad click. If CPM, you will earn based on each thousand of page views.

Some well known parking services are Namedrive.Com, Parked.com and Whypark.com. Each of these parking websites has their own rules of website parking. Make sure you read and understand the rules before signing up for a parking service.

Developing
Now that you know both flipping and parking domain names can make you money. Let’s discuss the third choice of using domain names to make money online, which is site developing. Site development will require a lot more investment, effort and time; and of course the return will be high.

You will buy a domain name, keep the domain name and then build a website on it. You are going to grow the website and make your domain valuable so that you can sell it for a great price and reap in lucrative profit.

Here are the things that can increase the value of your site and domain:

• Google PageRank – Most websites in the index of Google gained a Google PageRank (PR). It can be PR1 to PR10. The higher the PR, the better the value of your domain name.
• Existing Traffic – If you have put hard effort in marketing your site and achieved some success, your site would have gained high amount of traffic / visitors constantly. People just like this kind of website because once they take over; they will immediately start enjoying traffic and earn revenue without put in effort. So, it is easy to sell a high traffic site for a good price.
• Site Revenue – Another interesting factor that buyers want to look for. Buyers are eying on sites that generate consistent revenue every month.
• Inbound Links – Inbound links also help. The more your site gaining inbound links, the more they will help in appraising the value.
  

For the site design and look, they don’t play a very important role. A website with standard design will do. If you are a web designer, you can build the site by yourself using software. For those who don’t know how to build website, don’t worry, there are good website builders like Xsitepro you can use to create website. There is no HTML code you need to add in, just be familiar with the software, follow instructions, click your mouse and you can put up a brand new website.

As you will need to make your site sellable, you will probably have to work a lot in marketing and promotion to build up your PR, traffic, site revenue and inbound links.

While marketing and promotion can build up your traffic and PR, content writing shouldn’t be ignored. The content must be unique and offer value to the visitors. This is to keep you visitors coming back to your site often.