The business of domaining is a mesmerizing venture since only a one-time initial investment need to be made, after which careful attention is required. As a vehicle for generating residual income on the net, domaining stands well above any other business plan. There is no free lunch nor is there any gain without pain. Similarly, this venture is not easy to handle, you require not only initial finance but you need to exercise a great deal of effort and time to scour the myriad domains on the net and select the ones which will provide benefits to you.
Domaining may be described as buying and selling of domains on the net. It can be compared to the real estate business. In the real estate business, you buy premium property with the belief that their prices will appreciate, whereas in domaining, you invest in domains which have the likelihood of becoming very popular and hence will attract a good price. Similar to various price ranges for landed property depending upon their location and the surroundings, the domains also have varying price tags depending upon their location or visibility in the virtual map of the internet.
Domains with short and easily decipherable names are priced higher since they command the best location on the net. The aesthetic construction of the buildings on land and their layout are comparable to the category in which the domain is registered. The interior décor and ambience of the buildings may be likened to the contents of the website. The more chic and authentic the contents, the higher price the site will command. Like any well developed and well maintained property which are picked up immediately by investors, the website with high valued content and well designed are immediately bought up. Contrary to the limited availability of land, on the net you can generate millions of sites with trendy and attractive names. You just have to hit the exact nerve required to achieve success out of your domaining business.
The most important and primary requirement for succeeding in domaining is to have or make your site into a very profitable one. There are myriad ways in which you can make your website spew money for you. The most basic method is to develop a website on your own. This will help your website to be designed in the exact manner you prefer. Another capital method is to buy domains which you think will appreciate over a period of time and sell them when you feel that the time and premium offered is to your liking. To succeed at such a buy and sell venture, you have to have the skill and experience to latch on to domains which have popular names or whose names are more likely to have high ROI.
If your domain is generating heavy amount of traffic juice, then you may also park your website with Fabulous, Sedo or Domainsponsor. These parking sites link your domain with advertisers and when visitors click on them, revenue is generated for you automatically. With a little patience and lots of research, you may find the business of domaining a very fruitful and profitable one.