There are several ways to make money in Domain Names.
1. Generate income from advertisements run on your website, including sales of products which you might also promote as a referrer or reseller.
2. Flipping Domains – in the same way houses are turned over for quick profits; and
3. Development – building a website into a fully fledged business.
In the June, 2007 issue of “Business 2.0,” a man named Kevin Ham was on the cover. They profiled him as the most powerful dot com mogul you’ve never heard about. Yet he was earning only 63cents a day. Now you know you could do that don’t you?! Great – if you have the confidence and take the step to buy your first domain name – or more then all it takes for you to become like Kevin Ham is to be able to make your Domain Name earn 63cents a day. It is really that simple.
Okay so how are you going to earn 63 cents a day with your domain name? You probably already have an idea – Yes that is right – you just put up a website and earn money from people clicking on advertisements which you have installed there. Now just look at the returns you would be making -
EXAMPLE: Say you buy your new domain name (make it catchy so people will want to visit your site) and it costs you $10 (you can get it far cheaper from people like www.spiderduck.com but $10 makes the arithmetic more easy to follow). When you earn 63 cents a day you are making 6.3% Return on your investment. Now again just for the sake of easier numbers I want you to imagine that your earnings rate is actually 70 cents a day so that you make 7% a day – and consider that you actually buy more than one domain name so that you will have a little bit more working capital available to be able to reinvest your earnings. That is you plough back your profit into buying more domain names.
Do you know how long it will take you to double your capital? To calculate that just divide the earning rate 7% into the number 72 = 10. In 10 days you will have doubled your capital if every day you ploughed back your income into a new domain. However because with only 70 cents revenue you don’t have enough to buy a new domain – if you take your business seriously and capitalize it with say $140 – you could initially purchase 14 domain names. As you can buy domains far cheaper then you could start your business with even less capital than $140. Therefore let’s just say you have enough capital to start with just 14 domain names initially.
With 14 Domains each earning 70cents a day you will be producing $9.80 total revenue – with which you can buy a new domain name. Now all you need do is repeat the process everyday. In 10 days you should have 28 domain names – in 20 days you should have 56 domain names and so on.
Don’t be alarmed – you do not need to be able to do arithmetic to become a successful Domainer. But it helps to know how much you can be making in how much time. As you may wish to start planning for your new car, holiday, or new house. To make it a bit easier to follow have a look at the table below which shows the build up in domain asset which you can have.
Yes it seems incredible – and it is difficult to comprehend the magnificence of compound returns. Albert Einstein is reported to have said that compounding is the most powerful thing in the universe. Next post – after you have recovered from the shock of the numbers I will tell you more about Kevin Lam – and give you the numbers he has been able to achieve.
Examine the table closely – you will see that you could make half a million dollars within 4 months based on your Purchase Cost of Domains or $40million if you were to liquidate your Domains Business (Domains Businesses can be sold for around 4 times their annual earnings).
Alternatively You could be well and truly retired in under 8 months – by just keeping your domains – living on the domains income: provided you have around $140 cash NOW to start and you learn how to proceed NOW!
That is what you can learn here over time – or more quickly if you contact www.domainsbankers.com directly.
Look at what you could be making in your own domains business:
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