1. Flip Domain To Sell
Domain name is like a land title of Internet world, there is only one name, one owner in this world. Just like the real world property, domain names can be bought & sold for profit, generate residual income, and developed to increase their value.
Some smart investor would even go as far as to own a domain name to flip for higher price even if they don’t use it to build a website. They simply thought of a nice name which have high potential to sell, markup the price & resell for profit.
From the screenshot shown, you can buy a (.com) domain name as low as $8.88 with Namecheap and be able to resell it up to $1,000 on Domain name marketplace. It is indeed an insane way for investor to make big money by just a owning a domain name to make money online~
2. Add Value to Domain Name To Sell
Research has shown that people are more likely to buy a domain name with additional value. This means that people are willing to spend more money if the domain name can help them to generate more money than what they pay for.
Developing your domain name to build a website is one great way to add value to your domain name. Whether you intend to sell the domain name away or not, it is always recommended to build a website to preserve & increase it’s value instead of doing nothing with your domain name. Through monetize your website, it can help you to make more money while having higher price value for your domain name.