Tuesday, July 21, 2009

£200 per week for every reader

It’s going to be a tough year for many, I know of a few friends paid off and others that have had to take other jobs on less money so while today’s post is nothing new I think it’s worth going over to point out that you can make a couple of hundred here and there and for many that can mean the difference between paying bills and not. Simply one idea is to hand register domain names and sell them for a couple of hundred, try not to presume anything, don’t presume all product names are registered, don’t presume nobody wants to buy and don’t presume it’s a waste of time. With a budget of less than £50 and your time you could research, register and sell domains to very happy people.

As usual when I tried this to test it I stuck to UK domains, more opportunity in CCTLD’s
I would suggest finding a source of ecommerce websites, again for me this would be UK based sites, you could probably use DMOZ as a source. Pick a subject like ‘mobility’. Then find the product pages of the sites and check the names of their products again the whois – with a bit of luck you will very quickly find products available as I did, &, the latter is now part of a £50 per month lease. For example on this page you can see they sell a car caddie and that domain is available. If you chose instead home improvements the first site’s description says “Online store for supplies of timber, sheet materials, specially treated woods and ancillary products” A quick check and you’ll see and are available or the 8th company on this list sell temporary window blinds which I remember seeing on Dragons Den, surely isn’t available that has to be worth £100 and as I write it is available. Don’t get bogged down with search volumes or other unrelated data - your selling the domain only, the name of a product that companies sell.

It’s important to be courteous and reasonable, point out that you own it and are selling it for a fixed price of £100 or £150 or whatever your number is, a fixed price lets them know your not out to rip anyone off and gives them a very clear decision to make, I don’t think it would take long to get a bite, you really don’t have much to lose apart from your time.

By keeping the price low and fixed you increase your chances of making quick sales, now is not the time to put your head in the sky - deals can be done even at £50 your well in profit, I did this with today to a swimming pool company, sending 5 emails and one came back and paid £200 within the hour and asked if I had any others product names he would be interested, also had one other person reply looking to buy it but they were too slow so I could have sold it twice. It’s simple and it works, yes there are going to be some you can’t sell off or find a buyer for initially but build some stock and try those again in a few months time targeting offline businesses. Anyway I’m feeling skint just now so I may just go do it myself next week unless you get in there before me .


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