Don’t worry… despite the title of this post, I am not going to try and sell you some magical e-book on how you can make $50,000 a year in extra income. I am going to tell you about something I am trying on my own, and I will update the post in a few weeks to let you know how it is going.
I blogged about an end user sale that I made a couple of weeks ago. The domain name wasn’t newly registered, but I did pick it up on the drop for a few hundred dollars and sold it for much more. In the comment section, I also wrote about another end user sale that I made last week with a newly registered domain name following the same strategy as the sale outlined in the post.
On Friday April 2, I hand registered ExecutiveHeadshots.com, and on the following Monday, I sent off about 20+/- emails to companies listed in Google for that keyword. I received 4 replies with interest seeking the pricing, and I came to a sales agreement with a buyer after negotiating for a couple of days.
The name is currently in escrow with Escrow.com, and unfortunately the buyer chose to mail a check to Escrow.com rather than pay via Paypal, so the sale won’t close for a week or two while the check clears. However, I turned an $8.00 registration into a very strong sale (although I won’t reveal the price as mentioned before).
With two successful end user sales in a month, I started thinking about ways to blow this out and make some real money. If I am able to register one GOOD domain name that a company would want either to re-brand or to help with SEO each week for a year, and I sold it within a week for $1,000 +/-, I could make $50,000 in extra income a year.
It’s probably not going to be as easy as it sounds, but I am going to give it a try. I registered a domain name on Friday and started pitching it to end users today, with one reply already. Once I have some results, I will post them, but I wanted to let you know what I plan to do ahead of time.
One piece of advice I can offer now is that actual product (not brands) or service domain names will be much better than descriptive domain names in most cases. For example, AwesomeHeadshots.com would not be a good alternative to ExecutiveHeadshots.com, as many photographers use “Executive Headshots” in their meta description and page titles since they cater to people looking for executive headshots, despite the fact that they may want awesome headshots 🙂