Domain Brokering: Internet Real Estate

The value of physical real estate has seen a downward slide in the United States, but there is one type of "real estate" that has a value which is growing at an astounding rate. Better yet, this type of real estate can be invested in for only a few dollars. What type of real estate? Why, Internet Real Estate, of course.

When looking for ways to make money online, one of the most often overlooked industries is that of domain brokering. Here is the most simple possible breakdown of what domain brokering is:

• Step One: Buy domain names. This will cost you from $6 to $20 per domain name. By domain name, I mean website addresses -- like http://www.google.com, for instance. You can even buy these domain names in bulk for a 10% to 30% discount.
  
  
• Step Two: Make it clear that the domain name is for sale. There are certain domain name sales companies (like GoDaddy.com) who will help you sell your domain for a "cut of the action." This can be highly beneficial, since companies like GoDaddy will be able to place the domain name in their "premium domain name" section, and they often have pre-made websites you can put up to indicate that the site is for sale.
  
  If you're not using a service like this, you'll want to put up a web page at the domain you bought stating "This domain name is for sale. Call us at 555-555-5555 for more details!" Obviously, you'll want to use your phone number.
  
  
• Step Three: Wait. Let internet entrepreneurs find your domain name. This can take quite some time -- anywhere from a few weeks to a few years.
  
  
• Step Four: Sell the site. Your site, purchased for $8, is worth whatever these internet entrepeneurs are willing to pay. Oftentimes, these domain names sell at costs ranging from just under a hundred dollars to several thousand dollars.
  

This is about as simple as it gets online, but obviously, it's not the fastest money! While the profit margins are huge, you will have to sit and wait for long periods of time. You may invest hundreds, and not see any return for several years! It's also possible that the domain name simply won't sell, simply because there's little or no demand for it.

So what do you need to succeed as a domain broker?

1. Investment. You need to put money into domains up front. To be successful, and start on the path to making a living as a domain broker, you will need to invest at least a few hundred dollars into domains.
2. Creativity. You need to be able to think of popular industries and brainstorm domain names that are going to be sellable.
3. Research. You need to be sure that the industry you're thinking of is popular enough that it would be worth the investment of your potential clients.
   
4. Patience. You will need to wait, often for long periods of times, with no return. It takes quite some time for people to come to your site, and when they do, they may simply turn away, uninterested in paying you an inflated amount of money for the domain. It will take time to find an investor with the confidence and the assets to pay what you're asking, and it can be frustrating to wait for this to happen.

If you have all of these qualities, than this often overlooked work from home industry may be perfect for you.

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