How to Develop Domain Names for Profit

Started by ipnesterov, Jun 30, 2022, 04:59 AM

Previous topic - Next topic

ipnesterovTopic starter


Here's a 13-point very rough guide to domain name monetisation. Follow it all the way through you WILL make money [moderator edit: this is not guaranteed]. Also this is a new post today it's not copied and pasted from anywhere. After your domain name is profitable you can keep developing it to get more traffic and clicks or sell it and buy better domain names with more traffic opportunities. There are no right and wrong answers. No two setups are the same.
 It's trial and error. What works for you might not work for others and viced versa. You will make mistakes. It's inevitable. We're only human. The important thing is to learn from your mistakes and keep improving until you find your domain name monetisation system that works.

Contents
Niche
Keywords
Domain name
Hosting
C.M.S.
Theme
Customisation
Menu
Publishing
Indexing
Traffic
Ads
Clicks
Step-By-Step Guide

1. Niche
Choose a profitable niche and something you are confident writing about. Ideally you have some personal experience in the subject and can share information that is not available anywhere else, or a unique angle on existing information.
 Random examples of profitable niches: Home beer making kits, buying cryptocurrency, collecting modern art, learn to speak a language, anti wrinkle treatments, vape kits, self publishing, domain name investing (y), website reseller hosting, family ancestory, D.N.A kits, credit card applications, life insurance, home energy swap, starting a business. Practically anything that people want and businesses are selling you can post about and get ad click revenue.

2. Keywords
Research keyword volume using any of the free keyword volume tools. The keywords should be relevant to the niche you have chosen and the country and language that you are targeting. Try to choose transactional keywords. Why? Because users looking to buy things are more likely to click your ads. You can get many visitors for some keywords that are informational not transactional.
Also with keywords you want to identify short tail and long tail. Why? Because later on your blog posts will be targeting long tail keywords and over time you will rank for the shorter keywords. Once you are more advanced it's a good idea to pay for your software and it will remove the limits. But if you are strapped for cash you can find many good free tools. Remember that these tools are most often providing search volume based on loose estimates from indexed keyword rankings.
Take the data with a pinch of salt. It's variable. You won't know what's what until your website is ranked on search engines and getting traffic.

3. Domain name
Register a good name that includes your keywords (it doesn't have to but it's easier). Try to use .com T.L.D. if you can but ultimately the content and structure of your website is more important that your domain name. After all a domain name is just an address. But an address that looks the part will attract more visitors on the same street than an address that doesn't look the part. One or two word names in .com or your local c.c.T.L.D. is the best solution. You can find an expired domain name or buy one. Just do your proper research on the name. You can also lease a domain name instead of buying it, or lease to buy.

4. Hosting
Connect your domain name to a reliable hosting provider and activate your S.S.L. certificate. If you are developing many domain names it's a good idea to buy multi-site hosting. Check what's included in the hosting package carefully. Some web hosting companies give you hosting plus S.S.L. plus mailboxes all for one monthly fee. Other web hosting companies make you pay extra.
 Also check the customer reviews for the hosting company. If it has bad customer service reviews don't touch it with a barge pole.

5. C.M.S.
You can use any most of the C.M.S. available including Wix, Wordpress, Joomla, Drupal, Blogger or if you have programming skills you can code it yourself. The two very important things from your customer's angle is speed and usability.
 Speed means that your website loads very fast on all devices. Usability is a broad term that includes customers being able to access your website from any device and perform all the required functions. If your website is slow and doesn't operate on smartphones then don't expect it to rank well in search engines.

6. Theme
Activate your website's theme. Choosing a good theme is not the easiest of tasks. No theme is perfect. You should look for a theme that has good ratings and built by a professional company. If you are using Wordpress many themes have a free version to start you off and a pro version for around $ 50 if you want to unlock more features and get support from the creators. It's very much trial and error. Try not to spend too much time choosing a theme. Better to start posting and change your theme later.

7. Customisation
Customising your theme shouldn't take more than one day but it's very important you cover the basics. You need a professional looking logo even if it's plain text. Most new customers will glance at your logo automatically just to remove a red flag. It's simple, professional and tells you exactly what to expect on the site. Other customisations are the favicon which is becoming more and more important.
 Very simple but recognisable and professional. You don't need to complicated it. There are too many other customisation to list now but you can find them in search engines or ask.

8. Menu
Create your main menu with the main pages that will be on your site. Too few menu items looks weird and too many menu items looks cluttered. Go for 5, 6, 7 or 8 menu items.
 There are 8 menu options which is perfect. Home, News, Buy Domains, Sell Domains, Requests, Appraisals, Blog, Chat. You can add or remove menu items depending on what you think your customer needs and doesn't need. There's no right and wrong. It's very much trial and error. Look on similar sites to see what menu items they have. All sites are different but the most important ones will be on most sites in your niche.

9. Publishing
When your website is all set up you should publish one blog post every day. Start by creating a simple blog post template that you can find in search engines. You can either create and post a new blog entry every day but what some people do is create 30 blog entries all in one go and set them to publish daily for one month. Your life is so much easier this way but the choice its yours. Why post daily?
 Because one post a day will keep updating the publish dates on your X.M.L. site map which will in turn ping updates to all the search engine you want to rank in. Another update. Another update. Another update. This is what gets your website ranked in search engines. Then the search engine calculates which updates are good and which updates are sh-t. The good ones get shown to customers searching for relevant keywords. The sh-t updates are either ignored or put on search results pages that almost nobody visits like page 2, page 3, page 4. If your updates are on one of these pages it means they are sh-t compared to what's on page 1.
In this scenario you want to compare your website against the page one websites and see how you can improve. Every time you change something and search engines re-index your website they give you a new score. You need to improve this score over time. I think that's how it works.

10. Search Engines
If you set up your website properly if will have an account with Google Search Console where you can submit your X.M.L. sitemap. X.M.L. site page lists all the content you have allowed search engines to see. Most people only need to submit their website's X.M.L. site map once and it will automatically get crawled after that. Some people get impatient and manually submit their X.M.L. site map to Google for faster indexing in search results. You can do this if you want but it's optional.
 Generally with search engines just follow their rules and guidelines and you'll be fine. Most search engines have a help website you can search end find like a checklist of ways to improve your website for search engines.

11. Traffic
If you've followed all the steps so far you start to see visitors come to your websites from search engines. Your tracking software will tell you what the most popular pages and blog posts are and many other things like what country your customers are in, what kind of device they are using and so many other things. Try not to get too distracted by all the data. Most importantly is you want to see your traffic steadily increasing, as well as the number of pages viewed per visit and length of time customers spend on your website. Remember we talked about good updates and sh-t update? Well if you improve your metrics its how to tell search engines that your website is sending good updates. You can also increase traffic through nowadays through many other methods but social media is one of the best.
 Look on search engines for how to do this. The main point about traffic is quality beats quantity every time. Thrill your customers with a great user experience and they will naturally want to engage engage. Or disappoint your customers with sh-t content and badly designed website and they will throw you the pooey end of the stick.

12. Ads
You're all set up with a professional looking website which maybe took you a month to get bang on. Your website is indexed in search engines and getting lots of new and returning customers. This might have taken you another month.
 So you're 60 days into this dark cosmic void of wonder and now it's time to include some advertisements. Don't do it too early. Be patient and choose the right time. There's all the information you needs about ads in search engines. Key points are make sure the adverts you post are highly relevant to your customers. They will be much more likely to click and make a transaction. Don't just whаck on a skyscraper banner and expect gold coins to start magically rolling down the hill and into your trouser pockets. It doesn't work like that. Really think about how you will integrate your ads to best serve your customers and bring you some bangers and mash.

13. Clicks
If you've done everything right you will get ad clicks. It's the end step on a logical process that starts with research and ends with commission. You obviously want to make sure the money you spend on your domain name is less than the money you receive in ad click revenue. But some people also factor their time in to the equation. That's up to you but here's a simple calculation of year one expenses and profit. You paid $ 50 for your domain name. Then you paid $ 50 for hosting which included free S.S.L. All your software was free. Total expenses $ 100. A ton. $ 1 daily ad clicks for 10 months is $ 300. Your profit is $ 200 in year one less your liabilities for tax.
Two tons. $ 1 daily ad revenue is kind of the bottom end. It should really get to $10 or $20 daily ad revenue which could land you with $ 1000 or $ 2000 or more (or less). If you get confident buy better domain names which probably cost you more. Start paying for automation software that save your time. Successful people with good domain names that are properly setup and monetised can earn upwards of $ 50000 per year.
  •  
    The following users thanked this post: bandwo

Michelangelos

Very important information, thanks for sharing with us.
Last year I started this experience and started building a website for healthy nutrition and it was fun, but for other reasons and obligations I did not continue to the project but I am really seriously thinking about it and your valuable ideas today gave me some hope and inspiration to try again.
  •  

bandwo

Good stuff mate - one thing I would consider is extending the length of time of before putting ad's on your site and doing it when enough visitors are finding it.......there really is no rush, mine has been live
for a few months now and I am not even contemplating putting ad's on the site until I get to 5k - 10k + monthly visitors (will hit 1k this month) as it has an impact on site loading speeds and the general user experience - which is now a big Google ranking factor.

As long as the project has been budgeted correctly people should be able to afford to focus on top quality content and really focus on building out the site before zoning in on a dual long tail and content keyword strategy....
  •  

alyajabeen

A domain is much more than just the site address of a company, organization, group, or individual. This is an important part of a business or personal brand. Domain names help people remember sites and serve as representations of a person or company on the Internet. A web address can be just as important as the site it's linked to - it's a very valuable asset.

Managing Expectations
Buying and selling domain names can be exciting and profitable, but you should know the risks of investing in a domain name. Put things in perspective and have the right mindset. People make a living buying and selling domain names, but selling expensive domains is rare. Don't expect to earn a lot of easy money.

Narrow Your Focus
When buying domains for resale, start by focusing on the industries you are familiar with. It's much easier to sell a domain that you know would be useful to someone in a certain business category. While many .com domain names have been registered in almost every category, there are still many new domain name  extensions available.

Domain extensions such as .app, .io and .club help expand your capabilities. Do you know a lot about pets? Try registering animallovers.pet. Are you interested in real estate? Look for something like home buyers.real condition. Focusing on the industries you care about and going beyond the capabilities of .com is a great way to get started.

Think Big, Start Small
Domain name switching is probably a secondary matter for you right now. You can only invest what you can afford to lose. Slow down and spend some time going through the numbers. Regardless of whether it's about buying and selling domains or another enterprise, you need to know your budget. Sometimes it can be difficult to pinpoint, but over time you will learn the value of domain names based on what buyers are willing to pay for them. While you're thinking big, start small. You can register a domain for just $14. Use your best judgment and register a few names to see how well you can sell them.

Do your homework
Experienced domain name owners develop an instinct for calculating the cost of a domain. They can look at the domain's price tag and tell you if it's undervalued or overrated. In an industry that requires multiple skills, this one is probably the most important. To develop the instinct of calculation, do your research and get acquainted with this process.

Check out NameBio, which has a database with over 500,000 domain name  sales. They also have an app called Domain Game. It provides you with a domain and you have to guess whether it was sold for three, four, five or six digits. In addition, you should consider exploring domain name valuation companies such as DomainIQ and Estibot so that you can use the valuation as a guideline.

Rely on proven resources
Most people in the domain name  game say there is a learning curve when reselling them. Learn from other people in the domain space and ask them questions. Most domain owners are happy to help. Check out DomainSherpa, which is an excellent resource for new domain owners, or check out the online community and the paid training program for domain owners at DNAcademy.

When you are ready to buy and register a domain , we will provide you. But we are more than just proven domain name registrars; we have one of the simplest drag-and-drop web site developers. We also have useful resources such as hosting, professional email accounts, search engine optimization (SEO) resources and e-commerce capabilities to help build your domain name business. You can use these resources to promote your domain name inventory online and communicate with buyers who are looking for specific names that you can offer.

You should also explore auction platforms like SnapNames and NameJet, which offer more popular extensions. Although they may cost more than a regular registration, they also offer a higher potential return, which makes them a better option for investing in a domain.
  •