Are you ready to start “domaining” – buying and selling domains to make a profit? Then you have to buy some domains. Here are the five types of places you can go to buy domains.
- Domain backorder services. According to the domain trading experts at Protrada, 36 million domain names expire each year, and domain backorder sites are where you can snatch them up. A backorder service lets you place an order that goes through only if the domain expires. You set the price you’d be willing to pay if the domain becomes available. If no one else orders, it’s yours. If multiple people order, it goes into an auction.
- Domain auction services. Multiple potential buyers will bid on a domain, and the highest bidder wins. Reputable services allow buyers and sellers to leave feedback, similar to Ebay.com.
- Domain listing services. In its free e-book, Domaining 101, Protrada recommends that new domainers stay away from this source, explaining that backorder services and auction services offer [Read more…]