You can either license or purchase the rights to the internet domain name that someone else wants.If others don't like a site, it can be an opportunity for an advertisement.The right domain name can create a substantial return on investment.
Step 1: There are valuable domain names that you should look for.
The best names can give you a better chance of making money.There are several basic principles you can follow to maximize the value of sites you find and purchase.Generic words for products and services, geographic names, generic business names and various combinations of those words are the best names.Your domain names should be short.Even if it's an accident, people are more likely to find a website with a shorter name.A single word may be the most valuable.Common words are popular because they are easy to remember and can be used for marketing.If you want to get the best results, it is a good idea to stick to Top-Level Domain names.There are other domain names out there, such as.biz, but they are not very common for people to search for.It's possible to make them cheaper to buy, but you need more marketing effort to get value from them.There are many types of domain names.It is less likely someone will look for them because of intentional misspellings.Adding prefixes and suffixes like "e" or "my" is something you want to avoid.Outside of a few notable exceptions with very strong brands, those additions can hurt the value.
Step 2: You can join various auction sites.
Sedo.com is one of the largest sites, but there are many smaller sites.You can find an idea of what is on sale and available for your market on these domain auction sites.How you want to make money with your domain may be influenced by the kind of sites available.
Step 3: You should look for existing domain names.
It's possible that the owner is undervaluing the names that have already been purchased.Asking to see what the price is is a good way to purchase other people's names.Make an offer if you think they have been under valued.
Step 4: You can find the list of expiring domains.
A lot of websites allow their domain registration to lapse, allowing opportunists to take the domain.ExpiredDomains.net has a database of these domain names.Check out the history of the expiring domains you are looking at.Archive.org will show you what used to be on that site.It may be a good idea to stay away from the site if it has been associated with illegal activity.
Step 5: You can set up an online account.
Since domain transactions take place over the internet, it may be a good idea to arrange easy payments the same way.Rapid transactions can be made with an online payment account.
Step 6: You can get appraisals for your domain names.
You will want to know what the price will be for your sites.There are many websites that offer free appraisals.Larger domain auction sites include Sedo.com.These are only estimates, but they can give you a good idea of what a certain domain might be worth.Estimates can vary widely between these sites, and some sites don't judge high- value sites as well.
Step 7: There is a domain parking service.
A parking service puts up a dummy page with ads because they don't have any content on the site.You get money when people click on the ads.The method works best with popular domain names that get lots of traffic.You won't have control over what ads appear on your domain.
Step 8: You should build a website for your domain.
Content on your site can add value.The site's profile is improved through the placement of the site in search engines.
Step 9: The domain is for sale.
Put a notice on the site that the domain is for sale if you want to get a good sense of its value.You can list your domain on one of the online auction sites, which will allow domain shoppers to see it.If you want to sell, make sure you advertise your domain.Companies don't know what to look for.Send messages to businesses that might be interested in buying your domain names.
Step 10: "Cybersquatting" is not advisable.
Cybersquatting is when you own a domain that uses the name of a trademarked company, product, or phrase.If you intend to make money off such a domain name, the holder of that copyright may have a legal claim against you.If you don't know if your domain involves the use of a copyrighted name, check a database.The Trademark Database is maintained by the World Intellectual Property Organization.Typo domains, which are deliberately misspelling a company's mark, can be confusingly similar, and thus covered by legislation.Even without an exact spelling, the copyright owner may have a claim against you if your domain name references another company or product.
Step 11: Know your rights under the Anti-cyber squatting Consumer Protection Act.
The main federal law deals with trademark disputes.Being able to make these claims is not a guarantee that you will win a case.A copyright lawyer can help determine the validity of your defense.If you are accused of cybersquatting, you may be able to keep your domain if you can make any of the following defenses.If the trademark did not exist, you can't have registered in bad faith.If the third party does not have trademark rights, it is not a very strong claim.The third party will need to register their trademark with the US Patent and Trademark Office.You can use the trademark search engine on the website.The trademark claim may need to be determined by a cybersquatting attorney.There is a generic or descriptive word in your domain.Generic terms can make claims very weak.It is more difficult to determine if the term is a copyrighted name.If you have a legitimate business for the domain that is not connected to the third party.You may need a business plan to show how you used the website.This will show you weren't trying to profit off of an already established trademark, but were instead attempting to develop one of your own.
Step 12: Do not alert the company that you own a trademark.
They may not find you if you register the website in good faith and set up a legitimate business unrelated to the trademark holder.Don't contact them if they want to sell the name.They may be able to take you to court if you don't pay for the name.
Step 13: You should hire a lawyer if you are threatened with a lawsuit.
If you think you may be in the right when it comes to intellectual property on the internet, you can get additional support from a group like the Domain Name Rights Coalition.