How To Purchase A Domain Name

There's a lot of money to be made buying/selling domain names, it's hardly surprising to see why it's becoming more and more popular. Fortunately these days there's still lots of domain names to go around and in this article you'll discover how to set-up your first one.


What is a domain?

Officially: 'a distinct subset of the Internet with addresses sharing a common suffix or under the control of a particular organization or individual.'


What it really means? A domain name is your website name. Think of a domain name as an address where Internet users can access your website.


The most popular sites that provide domain names, web-hosting and more:


GoDaddy.com

Sedo.com

Wix.com


What can I do with a domain?

The beauty of having your own domain is that you are free to use it as you pretty much please. You can launch your own website, sell the domain for a profit or park the domain to monetise traffic.


How do I get one then?

It's quite straightforward these days, just visit one of the sites listed above under 'What is a domain?'.


My personal recommendation is GoDaddy; it's a huge platform, with a good user interface and doesn't take too long to get set up.


#1

Visit GoDaddy.com


#2

Click 'Sign In'


#3

Click 'Create an Account'


#4

Either enter your details to create an account or sign in with Google/Facebook.


#5

Once you have an account, you are able to set-up your payment details, then you can purchase your own domains through GoDaddy; simply use their search tool. (Keep in mind, domains need to be renewed yearly to remain in your ownership).


How do I list my domain for sale?

There's many ways. Different people have different ways of approaching this. A few suggestions: List domains for sale on sites listed above, cold-contacting prospect customers, posting on forums, eBay just to name a few.


Selling domains can take a while, so be patient and position yourself in-front of the buyers as best as possible.


Summary

If the idea of owning a piece of the internet, or making lucrative profits excites you, then get involved! It can sometimes take a long time to get some real traction in this space, however once the ball's rolling, and you know what to look out for, it can be really enjoyable.


Further reading: How Domains Work? https://computer.howstuffworks.com/dns.htm


Thanks for reading.

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