Do you own a stable of domain names? I do. I feel that it is important to own a number of domains. Whenever you have any kind of new website to put up, a new business that you want to do on the net, or whatever, your first step should be to obtain a domain name for the site. Getting domain names is important if you want to earn a living on the net!
I guess that I have about 40 domain names that I own, which is actually a relatively small number. Other people who earn a living on the net own hundreds, even thousands of domains! One thing that I have done successfully to reduce the number of domains that I purchase is through using sub-domains in many instances. For example, I own WowPhilippines.com, where I have an e-commerce store. However, I don’t limit my use of the domain to that one site! No, sir! I have created sub-domains where I can also earn money. For instance, I have a blog for each province on the Island of Luzon, and they are all housed on Luzon.WowPhilippines.com. My Visayas blogs are on Visayas.WowPhilippines.com and so on. Honestly, I make money from a lot of different sources, all through that one domain name – WowPhilippines.com. It keeps my overhead down (not buying hundreds of domains for those sites), but it is also a premium domain that serves me well.
Sometimes, I buy a domain, make some good money from it, and then it sort of becomes obsolete for me. What do I do then? Sell the name? Let it expire? No, in most cases, I keep the domain for some years, just to see if another money making opportunity arises with the name. For example, I have a site where I used to sell shampoo and conditioner. I did very well with the business, but after about 5 years my source of the product went away. I could no longer get the merchandise, so I had no more to sell. I guess it’s been a year or two since I’ve had anything to sell on the site, so it hasn’t been making me money. In other words, it cost me about $20 to keep the name for 2 years while I made no money. However, I have now found that another company has a supply of the shampoo in question, and they are advertising it through an Internet Advertising company. I won’t name the Advertising company, but I’ll say it is not AdSense. It is probably a name that you’d recognize if you have been into Internet marketing, though. Anyway, I simply slapped one of these advertisements on the home page of the site – just a single ad, and I am making on average about $15 per day from the ad! So, if this continues, I will make an average of about $450 per month from this domain name that costs me $10 per year to maintain. Nice thing is, I am making that money and I don’t have to do any work for it! I have my own web server, so hosting doesn’t cost me anything other than what I am already paying.
So, the lesson here is that if you have dormant domain names or sites that are just sitting there doing nothing for you, it pays to periodically search to see if there is a new way to make a little extra money from the site! It works for me, and it can for you too!