A large percentage of people who start their own business online end up quitting early primarily because they don’t make tons of money overnight. It’s true that there may be lots of other reasons why people decide to give up, but for the most part, it is the people who get frustrated quickly and decide they can’t do it. For more tips, check out the self made wealth sites. Because of this reason, many failed marketers don’t bother to renew their domain names when they expire and this can be very profitable to other marketers who know how to take advantage.
The biggest advantage is that many of these expired domain names actually have a website that is ranked high in the search engines and has a nice steady stream of traffic. By getting your hands on a site like this that already has traffic and rankings is a huge advantage by cutting down on your workload to do the same thing with a new site. When building your site, use a tool like one shown on the tube fool page. This method gives your site a jump start, as despite what you may have heard, taking a brand new site and making it profitable right away is not always easy.
By having a domain that is not brand new, the search engines will tend to look at an aged site with a little more trust since it has been around longer. In many cases, these sites will have backlinks created to them and will be invaluable in terms of cutting down on the work that you need to perform were you to do the same thing from scratch.
Another great advantage is you might be able to pick up a gem, though it’s rare, in a market that has become saturated and it’s difficult to find a good domain name. This expired domain may be just the thing but you will most likely be paying a premium for it.
Often the premium domains will go up for auction to the highest bidder, so it’s vitally important that if you get involved in this, you don’t overpay just to win the auction. Don’t be afraid to research the domain and seller to make sure that everything is above board and that the domains selling price is actually appropriate.
One important factor to look at is to see that both the page rank and number of backlinks are genuine. Some unscrupulous people will try to make a killing on a site that is no longer in it’s heyday and not getting the traffic it once did. A common trick is to show you traffic stats that are out of date in order to charge more for the domain.
While these are things to take into consideration, getting a domain that has expired can be extremely profitable – you just have to make sure it’s genuine. Because the previous owner was the one to expend all the time, energy and money, you get to enjoy a lot less work.
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