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Domain Trading: Turning £150 into £4,500
April 5, 2014|Domaining

Domain Trading: Turning £150 into £4,500

Domain Trading: Turning £150 into £4,500

Back in August 2011 I read a post by internet entrepreneur Frank Paul who turned £100 into £10,000 by buying and selling domain names. It’s a fascinating post which you can read here and an updated version here.

At the time I had only just dipped my toes into the domaining world after selling my first domain (with Frank’s help and advice) and I was beginning to see the money making potential of investing in them.

In the Spring of 2012 I bought 5 domains from one buyer on AcornDomains which to this day I believe has been my best haul. I paid £30 for each of them, £150 in total and those domains were

  • ManchesterTaxi.co.uk
  • BeautyMakeovers.co.uk
  • FuneralCompany.co.uk
  • PrivateDentalSurgery.co.uk
  • VegasCasino.co.uk

I can’t remember my exact reasoning for buying them (I probably didn’t know what I was doing in all honesty), but I do distinctively remember thinking “how the fuck did I just pick up VegasCasino.co.uk for £30?” which I thought was the best of the bunch. I knew I had got a bargain.

I don’t think I realised this at the time, but most of the domains there describe a service, something I have since found has worked best (for me at least) in terms of end user sales.

ManchesterTaxi.co.uk would hopefully appeal to a taxi company in Manchester and I felt VegasCasino.co.uk would make a perfect brand name for a Casino site.

I think that BeautyMakeovers.co.uk, FuneralCompany.co.uk and PrivateDentalSurgery.co.uk had the best potential and I’ll explain why. Not only do they describe a service well, but they also have a good volume of potential buyers. There’s thousands of funeral companies, private dental surgeries and beauty and makeup artists in the UK. I felt if I attempted to contact each of them then surely at least one of them would be interested in buying.

Anyway, I’m waffling here are the sales figures so far.

ManchesterTaxi.co.uk – sold for £4,000 in summer 2013. I actually tried to build a lead generation business from this which you can read more about in this post here. I got the site ranking 2 in Google for ‘Manchester taxi’ before selling it to a taxi company in Manchester. In total I think I spent about 10-15 hours working on the site, ranking it and contacting taxi companies. I’d also never have got this price without Frank’s help, I think I was originally offered £2,000, Frank helped me get twice that.

FuneralCompany.co.uk – sold for £500 in March of this year. I attempted to contact 300 funeral director companies before agreeing on a sales price. In total I spent about 4 hours finding and emailing funeral sites with only one getting back to me, an extremely boring task but worth it in the end.

The rest so far remain unsold, I haven’t made any attempts as of yet to sell them, I used to think that the best way to sell them was to wait for companies to contact me about them, but it’s been 1 and a half years since I bought them and I’ve had no enquires – I could be waiting a very long time.

Buying and selling domains isn’t part of my core business, it’s just something I have an interest in and that I do on the side. It’s taken a lot of research, practice, learning and watching others for me to develop a better eye for ‘what makes a good domain’, and I’m still learning all the time.

I’m hoping that when I do get around to actively selling those other domains (must stop procrastinating) that I’ll soon have my very own ‘turning £xxx into £xx,xxx with domain’ posts. Only time will tell.

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About Me

I’m Mark, but you can call me Rofe. I'm an internet marketing guy based in London Dubai.

I believe the internet is full of money making opportunities, and I seek to take advantage of them where I can.

If there’s a way to make money online I’ve probably tried and failed at it, and then attempted it again with some degree of success.

I’ve tried my hand at affiliate marketing, lead gen, ecommerce, trading domain names, adsense, and I’ve even created a novelty gift.

Here I share my journey making money online, my outlook on life, and whatever other stuff I feel like. Thanks for dropping by.