How Much Should I Pay For a Domain Name? How Much Is Too Much?

When you are looking at the costs for a website there are two different costs that you need to take into account. The first one is the cost of the domain name and the second thing is cost of the website. These are two different things but in order to have a website, these are the two costs that you need to cover.

However, this article will only look at the average costs for the domain name only.

The costs of just a domain name depends on the TLD (Top Level Domain) that you want, for example a.com or a.org or a.net are all TLDs.

Basically you should not pay more than $USD11 per year for your domain name. You will find sites where the price is higher, but these are usually hosting sites that offer the domain name registration as well as web hosting.

If you want a domain name that relates to a specific country then the costs can vary.

For a co.uk domain name you should not pay more than £3.99 or $USD7.00 per year. However, you also need to know that with a co.uk domain name you have to take the registration out for 2 years, which means that you should not be paying more than £7.99 or $USD14.00 per two years.

It really pays to shop around if you are looking for a co.uk domain name as I have seen sites that charge over £20 for two years and that does not include hosting.

If you are looking for a com.au domain name the most important thing for you to do it so shop around as the price differences between different providers are large for example, the most expensive price I found was $140 for two years and this did not include hosting - it was for the domain name only.

A com.au domain name must also be registered for a minimum of two years, so when you are looking at the prices, make sure that the price shown is for two years and not one year.

After comparing the price of com.au domain names at 10 websites, you should not pay any more than $AUD15 per year, making a total of $AUD30 for a two year registration.

Once you have your domain name you will need to get web hosting so that you will be able to have your website live on the world wide web.

Get Your Online Presence Started With An Effective Domain Name   In the Social Media Age, You Still Need Your Domain Name   Why Domain Age Matters   

What You Should Know About Domain Flipping

Presumably you know the basics of domain flipping - buy a cheap domain, sell it for profit. Buy low sell high. Simple. But there is more to the process than just that. Here are some of the things you should know to make a profit in domain flipping.

You already know that you are going to need to spend money to make money. However, you need to decide how much money you are going to spend. Some people like to buy cheap $10 domains and then sell them for $20. This is only a small profit, but these people sell hundreds of these on a monthly basis. It's a lower risk, but more time consuming as you have to purchase and sell each individual domain.

Other people like to buy more expensive $1000 domains and sell them for $2000. This is a lot more risky, and you have a lot to lose if you make a bad investment, but it takes less time, less effort, and there's a higher payout. It is up to you which one you decide to go with.

You need to have a little criteria list for any domains you might purchase. Check each domain against this list before you buy it. If it doesn't meet one of the criteria, you shouldn't buy it. This criteria list should include things like how short the domain is, whether it is made up of real words, whether it is a popular keyword and any other things that are going to be important.

Domain extensions are tricky. Popular extensions, like.com and.net, are ideal. But on occasion, you can go for other extensions..com.au is an Australian extension and that would be fine if you could find an Australian buyer. The same goes for other country's extensions. On the other hand,.bz is a less popular extension that is only used by very small business owners who can't get or afford the domain that they want. They won't be able to pay very much, and so it won't be worth very much.

Very importantly, look out for scams. Occasionally you will come across a seller who is offering to sell you a domain cheap, but then it turns out they don't even own the domain or the right to sell it. Be cautious of this. If something seems wrong, stay away. You don't want to get conned.

It is important to note that this is not a passive income. You have to buy and sell each individual domain, so this whole process is quite a lot of work. When you start making money from it and gathering a bit of profit, you can outsource the work to someone else and create a small business from it. This is how you make a passive income from domain flipping.

These key hints will help you on your way to becoming a professional and profitable domain flipper. Keep them in mind as you start up in this business, and you should be successful.

Get Your Online Presence Started With An Effective Domain Name   In the Social Media Age, You Still Need Your Domain Name   Why Domain Age Matters