How To Make Money Online With Domain Tasting
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Yes, you read that right. It’s not a typo. It really says domain tasting. You know how sometimes people have cheese tasting parties or wine tasting get-togethers so you can sample several varieties and find the one you really like? Well, you can do the same thing with domains. In fact, you can even make some money tasting domains.
Why would anyone want to taste a domain?
Buying a good domain name isn’t always as easy as you think. If you’re just setting up a simple blog, it doesn’t really matter that much if you can’t find the exact name you want and you have to add an ‘S’ at the end or add the word ‘Get’ at the beginning.
But some business are making a larger investment in their future and they want to make sure they make the best choice for their domain name. Especially if they’re buying an expired domain name with existing traffic.
Expired domain names hit the market every day and a lot of them come with their own built-in traffic. Some of these domains can be pretty expensive, too. If they have a great name or lots of targeted traffic, they’re pretty valuable properties.
Whether they’re your standard $10 domain names or they cost a few thousand bucks, there’s always a reason someone is going to want to test a domain. And generally, it’s to see how well it draws traffic.
According to the Internet Corporation for Assigned Names and Numbers, you have 5 days to decide if you want to keep a domain name after you buy it. If you decide it’s not for you, you simply cancel the purchase through your registrar and your purchase price is refunded. During that 5 days, you can do whatever you want with that domain. And a lot of people choose to give it a test run and see how it handles on the curves.
Those 5 days are a guaranteed trial period and you can taste as many domains as you like. You probably have at least one domain name sitting there unused that you wish you’d never purchased. It happens a lot. You get all excited, buy the name, and then the next day you decide it wasn’t really a very good niche, or you find a better name, or you decide to go in a completely different direction. If you’d only remembered that 5 day tasting period, you could have returned even that one single name and gotten a complete refund.
But a lot of webmasters, especially those heavy-hitters we were talking about earlier who spend a lot of money for expired domains, keep a close eye on that 5 day trial period. They may have just spent a few thousand dollars on that name and they’re going to make sure it draws traffic before the clock stops ticking.
If you’re going to go into the domain tasting business the first thing you’ll want to do is find a good parking service. As soon as you buy it, get it parked so it see right away how much traffic it’s going to draw.
But if you want to make some money with domain tasting, why not set it up and put some content on it? A few pages will do to start and you can put some targeted advertising on it so you can make a few bucks while it’s in your possession. But don’t forget – you only have 5 days to make a decision or you’re stuck with that domain!
Now, take it one step further. Five days is plenty of time to try to flip that domain name. Especially if you have some content on it.
You’ll need to set up your own site to promote your domain flipping service and start looking for valuable domain names that you can pick up at reasonable prices. Even new domain names will work fine because if you don’t flip them you’ll just return them before your 5 days are up.
Obviously, you’ll have to hone your skills here. You’ll have to learn to recognize good names and you’ll have to be able to put up some content and drive traffic fast. But there’s definitely a market out there and once you start promoting your site and getting known for your service, you’ll have people checking back every day to see what new domains you’ve put up for sale. And remember, if they don’t sell, you can just give them back to your registrar.
So, see? You really can make money online with domain tasting. Just make sure keep an eye on the calendar.