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Make a 1,000% Profit

The title of this post isn’t what you generally expect to see on my blog, but I found a way to make 10x my investment in a short period of time, and I want to share this because I don’t think it’s a limited opportunity. What I am going to share probably won’t work for everyone, and it won’t work all the time, but I can tell you that I did this before, and I did very well.

Snapnames and Moniker have made it very easy to list domain names for sale on Snapnames. The problem many people have is registering domain names that other people want to buy. Sure, I can go ahead and register 1,000 new domain names and put them up for auction right away, but if nobody wants them, I’m basically out $8,000.

With Snapnames’ new interface, I can see what people are bidding on or buying in real time, and frequently, I can spot patterns that can help me buy domain names that someone else is looking to buy (and is willing to pay a premium). Using this information, I can register domain names that are essentially part of the same pattern, and offer them for auction. Assuming the buyer has a special alert set for that particular pattern, I can auction it for a $79 minimum bid, just like many other auctions.

If I paid $7.50 for the name, and I sell it for $79, I’ve made 10x my money (minus the 20% commission). If I do this with 100 domain names, I can make some decent money relatively easily.   If I do this with 1,000 domain names, I can make some very good money.

Of course there is a risk to this – in that the buyer may not be buying anymore or may have only been searching for a particular type of name on a random day, and I’ll get stuck with the names. However, I personally believe it’s worth the risk, as I basically only need to sell 1 in 10 names to break even, and my leftovers can be sold in bulk or at a loss – either way I’ve already broken even.

You may be asking yourself if I’ve done this, and I have and I’ve had pretty good success.

Again, there is no guarantee with this whatsoever, and you obviously need to know what to buy and what not to buy based on perceived needs of buyers. Sometimes patterns may look obvious, but they aren’t, and you can get stuck with the names. However, with the chance of making 1,000% profit, it may be worth the risk, and when I did it before, I did very well.

Snapnames Live Auctions

As a buyer, I love the fact that Snapnames allows people to search for current auctions by price and number of bidders. I went through some of the top Snapnames auctions that are closing soon and listed a few I like:

SurveillanceVideo.com – Would be a cool site for videos of convenience store botched robberies. It could also be a remote security company site to monitor home surveillance video cameras. (Auction ends May 23)

LosAngelesRentalCar.com – LA has a huge airport and there are a ton of autos rented every day. Create some content about the airport and sign an affiliate deal (Auction ends May 22)

GuitarEnthusiast.com – Would be a great blog for a guitar lover (Auction ends May 23)

*Disclaimers:
1) I might bid
2) It’s my affiliate code, so if I lose, at least I might earn some revenue 🙂

FBS.com in Auction

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I saw a nice domain name up for auction at Snapnames today: FBS.com. At the moment, there are 5 hours remaining to bid. I can’t really suggest a use for the name, which is why I am not bidding, but there’s something about the name I like.

Updated Top Drops at Snap

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I just did some searching on Snapnames, and I updated my Top Snapnames Drops page. I don’t usually buy .org domain names, but there are a couple of nice ones that will be dropping.

DomainInvesting.com a “Top Drop”

I just updated my picks for “Top Drops” on Snapnames.   One name that might be of particular interest to domain owners in the name DomainInvesting.com.   Although DomainInvesting.com does not appear to be a standard dropping domain name, it is certainly one that could be used by a domain investor in a variety of ways.   It’s in auction through February 3, and the current auction price is just $240.

***UPDATE***

Bidding is now up to $675.

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