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In 2005, was cost $90 million. More just recently in 2015, Chinese brand Qihoo purchased the domain 360. com for $17 million. Go, Daddy reports that the most expensive domain ever offered was Cars. com, for $872 million. Buying a domain with the function of reselling it at a greater rate is a practice called domain turning.
But you might be thinking: What are the chances of me making these huge sales? You're right, they're slim. However, there are various case research studies out there of individuals doing very well with much, a lot more modest and "attainable" numbers. This guy made $17,000 from a domain he bought for $70.
Becoming aware of these numbers makes anybody's head spin. It's natural to ask yourself concerns like: How can I get a piece of the action? Is it far too late to leap in now? Why do individuals pay a lot for domains!.?.!? Do I require a substantial spending plan to begin? Let's try to respond to all these questions and more with this step-by-step domain turning guide.
Contents What Is A Domain Call? A domain (or "domain") is the name of the site. These domains always have an extension like. com,. org,. web, or others. At Specific niche Pursuits, our domain is Specific niche, Pursuits. com. For Web, MD, it's Web, MD.com. A domain is the name of the website.
com,. org,. net, and so on) rather than a less typical domain extension like ". me" or ". newyork". More About Domain Flipping The domain market is rather comparable to the realty market in a lot of elements. There are More Discussion Posted Here , brokers, specialists and domain flippers or "domainers." Domain turning works likewise to buying a home, remodeling it (and even in some cases just sitting on it) and then offering it once again at a higher price point.
If you're right, you get a great income and carry on. It isn't uncommon at all to get numerous hundred dollars a pop when offering a domain name. The ideal domain can offer for 10s or perhaps numerous countless dollars or more. Those who make a living out of this simply rinse, repeat, and scale.