Advice for Beginners, Buying Domains, Domain Auctions March 31st, 2011
I’ve had good luck selling “proper name” domain names, by which I mean common names like AprilSmith.com, JohnLouis.com, etc. I buy these at auction for the minimum bid (usually around $60), and I’ve sold some for several hundred dollars. I just sold MattGreene.com for $200. The buyer was – you guessed it – Matt Greene. That’s the best part about these proper name domains. You don’t have to market them or go looking for buyers. With any common name there are usually hundreds of people who have that name, and sooner or later one of them will contact you about buying the name.
With MattGreene.com, $200 is not a huge amount of money, but it’s still a decent profit for minimal work.
So if you’re looking for a simple investment that is sure to turn a profit, look for these common proper names. Don’t pay more than the minimum bid or a few bucks over, then just park it and wait for that person to come calling.