The power of the internet is unmatched. If you have access to the internet, you really do have the power to make as much money as you wish and open so many doors that it could change your life!
So, I have been interested in domain names for a while now and over the last year or so I have built up a good portfolio of domain names, I think of domain names as digital assets – every domain you have, has the potential to make you money.
Here is the break down of the domain I sold today for $1,000
– Domain brought in 2019
– Domain Cost to buy = $11 (Two years, $1 for the first year)
– Domain Renewl Fee x1 = $8.78 (2021)
– Total cost = $19.78
– Sold For = $1,000
– Total Profit = $980.22
Selling domain names is not get rich quick or anything like that, it’s a long-term game! I’ve had this domain for 3 years before it sold! This is why so many people give trying to make money online, they don’t understand that it takes years to start seeing results.
Domain names are one of the best digital assets you can have! Any type of business, platform, sports club, celebrity, (and so much more) that wants to have an online presence will need a domain name and anyone can buy a domain name at any time (as long as you don’t infringe on copyright) and then sell it on! The best part is, 99.9% of domain names cost under $10 to buy!
Even Tesla had to buy the domain name tesla.com for $75,000 (or was it 11 million!) from a regular person, just like me & you! (ok, it was the whole company but that’s a long story! – google it!)
RECAP: Domain names are a great long-term digital asset to own BUT it is getting harder to find high-value names BUT you never know which domain name could become high value in the future – it’s all part of the online passive income game!