How I Made Over $1,000 Selling Domain Names. Full Tutorial.
Millions of individuals purchase domains, and since registrars that provide them, additionally supply an associates program to promote them, I’ve capitalized on this and remodeled $1,000.
In this text, I’ll be explaining how I promote domains by a program referred to as Wealthy Affiliate, which gives some fairly superior offers for web site domains, and incentives to advertise them. Here’s “some” of the proof of my claims:
Now let me be trustworthy in saying that these numbers didn’t accumulate shortly.
In reality, to get up to now in earnings, I needed to wait a number of years, which might technically imply, I made about $1 a day.
But earlier than you click on away pondering that I’m solely making a number of promoting domains, let me say that this similar Wealthy Affiliate supply by which I’ve been making these “small profits” was tied in with totally different gives, and these “other offers” really ended up making me over $300,000.
So in different phrases, this area promoting alternative ended up being a gateway into a lot larger earnings for me personally and for the buyer who bought them, it was additionally an awesome deal, as a result of not solely did they get a website for a small value, however additionally they received many instruments and coaching providers to assist them really do one thing substantial with that area, which is be taught to earn a living on-line with it.
But I’ll get into all of these particulars shortly and in case you’re additionally fascinated with doing this too, I’ll additionally offer you the main points. Let me begin with this:
Firstly, let me say that there are 2 methods to go about this enterprise:
The first is that you may develop into an affiliate for widespread registrars like Godaddy, Namecheap, Wealthy Affiliate (that final one is the one I talked about utilizing earlier than) in addition to others and have folks purchase web sites by you.
But no matter which area registrar you select, for every area bought by you, there’s a small however recurring fee paid out.
It could be $1-$2 relying on this system you register with. It’s a tiny quantity and it’s one of many the reason why many associates don’t actually get too concerned with this alternatives (these are low ticket gives, and naturally associates normally like greater ticket choices).
But I’ve not solely made it work for me, however like I mentioned earlier, this chance in promoting the domains, opened up the chance to make a lot greater commissions for superior tied in providers to the domains I’m promoting, comparable to coaching, teaching and instruments to construct a web-based enterprise and as I already mentioned, this led to me making over $300,000.
But once more, I’ll get into the main points of these items in a bit.
The second is definitely proudly owning your personal area identify, increase your personal web site/on-line enterprise by it, having it accrue site visitors and gross sales to lift it’s worth after which promote it on the identical registrars or websites like Flippa.com.
This can produce unbelievable earnings for folks and I have talked about how to do this right here.
And listed below are examples of how a lot you may make promoting a top quality web site.
This case research nonetheless focuses on the first choice I talked about. And to additional show my factors about making extra than simply the $1,000’s from promoting domains, right here’s some extra revenue proof:
Now that this has been coated (and you’ll learn extra about my private experiences on-line right here), enable me to get again to explaining the principle level of this text intimately, which is…
How I made $1,000+ promoting domains (my private components):
1) First I created a giant web site in 2013 on earning money on-line (you’re on it now!) and have made it develop significantly since. For proof of the way it’s doing, I have offered this case research. And here’s a extra up to date one.
2) On it, I promote a program referred to as Wealthy Affiliate.
three) Wealthy Affiliate, along with being a program on on-line advertising training has additionally expanded and truly entered the area identify world in 2016 and started promoting them to it’s members.
Four) Each member I consult with WA, who buys a web site identify from them, earns me a fee. It is just $1 a 12 months (recurring) and that’s contemplating the one who bought it, renewed it. Now that is $1 for EACH area and a few folks purchase a number of ones.
Additionally, the additional gives in addition to the area identify supply additionally earn me wherever from $eight to $175 PER particular person. So with all of the folks I get into this system, not solely do lots of them purchase domains, however additionally they purchase the additional gives which pay me the $eight and all the best way as much as $175, and this mix of issues is how I remodeled $300,000 by this whole program.
I record the main points of my $300,000 earnings right here.
5) With regards to the domains I’ve offered by them, I’ve been capable of generate over $1,000 in gross sales since this started with about 20% of these gross sales coming from individuals who have renewed the area they bought.
Here’s a snippet of those gross sales:
Because that report is simply too lengthy to point out on this text (it’s three+ years price of reviews!), let me simply break down the precise numbers for you:
Since January 2016, when Wealthy Affiliate entered the area registrar world and began promoting them, I didn’t even should separably promote these gives. They have been routinely tied in with my MAIN promotion of Wealthy Affiliate, which is principally discovered right here.
Once somebody joins this program by me, and buys a website (which occurs typically), I get that fee from it straight away and yearly passes for that particular person’s area to come back up for renewal and so they renew it, I get that $1 credit score once more.
So maintaining this in thoughts, right here is the breakdown:
Since January 2016 to late 2019, I’ve made $1,551, which means that many domains have been bought. Some folks even bought a number of ones, and once more, that is all counted in direction of my commissions.
Now these gross sales have been for NEW web site patrons. But what about renewals? How many individuals who bought these domains renew them the subsequent 12 months and the one after? Well the numbers for which might be 453.
So 1,551 + 453 = $2,zero04 made promoting domains.
Now bear in mind, this $2,000+ is only a small pattern of the REAL cash made on the again finish. As I mentioned earlier, Wealthy Affiliate is excess of only a registrar. They additionally supply so many extra superior issues to maintain folks inside their program and utilizing/shopping for extra of their providers, and it’s these further gives which I really make the massive gross sales from.
An ever growing alternative:
The fundamental concept is that the extra members I get into that program (who profit from it), the extra folks will join and purchase web sites, which is able to frequently earn me $1 for every one initially after which $1 recurring for a similar individuals who renew it.
Overtime, these numbers can snowball into large earnings and this is the reason regardless of there being solely $2,000+ in gross sales for over three years, it’s really been an upward pattern, which means…
The first 12 months, I made a number of hundred from it.
Then the subsequent 12 months, I made much more as a result of there have been extra, new folks shopping for up web sites from Wealthy Affiliate by me AND added to it was the renewals from the earlier 12 months.
And for the third 12 months, this continues to climb, as a result of I proceed to usher in an increasing number of referrals into this system.
Why not go for different registrars? Don’t they pay extra? Yes and no.
I as soon as seemed into selling these sorts of issues from GoDaddy. They would really pay me greater than $1 for every web site registration from what I noticed. But I determined to not go for it and there’s quite a few the reason why (together with monetary):
1) While I like Godaddy and so they supply a superb associates program, the issue is that they provide too many crucial issues and I felt like I’d be ripping off my clients if I despatched them there.
2) To add benefit to my first level, I should personally level out that I’ve really moved plenty of my websites/providers away from Godaddy and into Wealthy Affiliate (domains AND internet hosting) as a result of Godaddy stored growing the costs yearly and plenty of of these providers have been simply pointless and expensive for me. In Wealthy Affiliate, a member can get lots of these providers INCLUDED of their membership.
Example: Hosting, SSL, and different instruments are a part of your WA membership, in Godaddy, they value separate.
three) And lastly, I imagine the providers and advantages in WA, along with the web site registration alternatives pay me extra and provides the client extra in the long term.
Remember, it’s not simply the $1 fee I am making off my referrals, it’s really A LOT extra and the advantages of these different providers make it way more financially profitable for me to be concerned in and extra importantly, much better for the client to be concerned in as a result of they get low-cost domains, nice instruments for his or her companies and superior coaching, and they might really find yourself overpaying for that elsewhere and finally go away.
Through WA, as a result of they stick round, I earn more money each month than I would with the opposite locations. It’s principally not the entrance finish gross sales it’s essential analyze, it’s the long term gross sales. For instance:
If I have been to advertise a Godaddy providers and get 100 folks to purchase, say area providers and some different issues, I’d in all probability make a number of $1,000 in a 12 months for this. It’s not unhealthy in any respect!
But by WA, if I have been get the identical 100 folks in, and every of them would earn me $1 for a website they’d purchase, plus pay the month-to-month membership, I’d in all probability make Four-5 occasions as a lot in the identical 12 months. And they’d even be happier and that’s as a result of they get extra worth out of WA and all the advantages which might be inclusive there.
Are you curious about doing this similar factor?
You can principally do that similar factor I am by changing into a member of Wealthy Affiliate. Here is a full evaluation I suggest you take a look at previous to becoming a member of.
But as soon as inside, you’re already an eligible affiliate to do the identical factor I am right here.
Update: Additional methods to promote domains.
I am at the moment in a preliminary stage of trying to promote domains by way of YouTube, by creating prime 5 or prime 10 movies on issues like the very best web site registrars, the very best internet hosting corporations and issues associated to the topic of making web sites and shopping for them.
As I mentioned within the very starting, numerous thousands and thousands of individuals purchase web site domains and 99% of them don’t have any clue on what to do after to make it monetize.
Fortunately, with the Wealthy Affiliate program, not solely do folks get an awesome deal on the area they want to purchase, however with all the opposite further instruments provided, they’ve the power to go a lot additional with that web site they purchase and this is the reason I will proceed to advertise the identical supply, simply by extra networks than simply this web site alone.
And once more, if that is one thing you additionally want to do, then I would very a lot suggest the identical Wealthy Affiliate program.