Would you like to be that lucky person who sells their domain for thousands or even a million dollars? It IS possible to find quality domains and resell them for huge amounts of money. The time is ripe for acquiring top domains and selling them. Now that the Internet Boom is behind us, valuable names expire everyday. The best way to find these domains is to use services on the Internet such as DomainsBot to weed out the bad names. Or just check out Hot Lists on sites like Namewinner or Pool.

So what makes a "good" domain name? Usually short, single word domains and 2-3 letter .coms, .nets, and .orgs are the best. The more specific the better. These can be hard to come by but when you find them, you can almost guarantee that you can make good money from them. Once you have purchased a nice domain name, get a good appraisal of the name to get an idea of the possible worth (see AppraisalBlast.com). In order to sell your newly appraised name, you have to find a buyer. Here are your basic options for selling your domain name in a nutshell:

1. choosing domain name

If you're just starting out on the Internet, choosing a domain name is one of the first major decisions you will have to make. I won't say that choosing a name for your site will determine the overall success or failure of your online business. It will, however, affect almost every aspect of your business. Finding a good domain name requires extensive planning.

2. domains that are similar in spelling to yours

Every day, someone misspells a word. Inevitably, they will still land on someone's web page. Why not yours? Using the example above, This approach takes some time and patience. Let's say you have acquired a great domain name that would work great for any business in the field of the stock market. You may want to locate some of the bigger sites or businesses and make an offer to sell your domain name. Make sure the name you own doens't have any elements that are already trademarked because you may be forced to give up the name. You may want to go on the Internet and look up current websites that deal with stocks and find ones that don't have the greatest domain names. Make offers to these sites stating how your domain is much better and will HELP them. If you get a company to bite, the rewards are usually very generous!

Additionally, domain names with dashes sometimes rank a bit higher in the search engines. A higher ranking in the search engines will drive more customers to your web site. Search engine algorithms are ever changing, but buying multiple domains and pointing each one of them to a specific, product-related page on your main site can ultimately help you make more sales in the future. Be sure not to point multiple domains at the same page, though -- that will get you dropped from most search engines.

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