DOMAINS

Whether you bought a URL expecting to cash in on a new television show’s popularity or you just happened to snag a great name because it was available, we all have those URL’s sitting around collecting dust and costing you that yearly fee. When it comes down to it, these domain names are nothing more than yearly money sinks for your hard earned cash. Every year that you renew, is another year it sits idle and doesn’t earn you a cent, an unused URL can earn you money.

We’ve compiled a short list of ideas that you can use right now to take advantage of an unused URL (domain name).

1. Park it with a domain parking service.

There are hundreds of services out there that will pay you money for parking your domain name with them. For example, in a couple of simple steps, you can park your domain name with sedo.com, and you’ll have the opportunity to start earning revenue just by having your website sit unused.

2. Park it yourself.

Many web hosting providers such as InMotion Hosting, BlueHost and HostICan allow you to host multiple domain names within a single account. You can put up a simple page with text link advertising from a service such as Text-Link-Ads and watch the money roll in. It’s all a matter of putting something up there for people to click on.

3. Put up a simple storefront in a matter of minutes.

For example, the Build a Niche Store package allows you to setup a site selling products off of eBay in under 10 minutes. It doesn’t get any simpler than that, and since it runs on eBay, all the work is done for you.

4. Place it for sale in a domain name aftermarket.

Domain buyers all over the world are always looking for unique marketing and branding domain names, and if your name seems right for their particular product, you can stand to make a hefty profit. Don’t let your domain expire when you can turn it for a profit. Some resources that will help you are: The Complete Home Study Course and the Flipping Blueprint..

5. Contact potential buyers about taking it off your hands.

One of the most overlooked methods of dealing with unused domains is to seek out potential buyers yourself. Search the web for them. Whois records for domain names generally contain contact information for the owner of a domain. Do a Google search, find someone who’s website may benefit from your domain name, and approach them with an offer to sell your domain. You never know who might be looking for a good name, and it never hurts to try and sell directly.

Don’t waste the opportunity to market yourself and maybe make a profit by letting your domain name sit around doing nothing or even worse, simply expiring after a year or two of inactivity.