Anyone who’s ever set up a blog or website knows that domains are something of a goldmine. They can be incredibly easy to acquire and, once you’ve got one, keep coming in useful.
What’s more is that there are tons of different ways you can make money from a domain. You could sell and advertise affiliate products, build a massive eCommerce store or even make a nice side income from selling and managing people’s personal blogs.
So let’s have a look at how you can make money from an unclaimed domain name. We’ll cover four ways to earn quick cash with a domain name and some useful tools you can use to make the process a little bit easier.
1. Build A Website Or Blog About Something Useful
What’s great about domains is that they’re extremely easy to remember and, when acquired, they can be boosted to the top of the search results instantly. As a result, they can often be a quick and easy way to make some money.
This is why it’s always a good idea to look for domains that are already established and have some web traffic. If you can build a website around a popular keyword or topic, you can easily make some quick cash without much effort.
If you’ve got a lucrative offer like this, you might want to consider buying the domain instead of building it yourself as an exercise. The choice is completely up to you.
2. Start An Online Store
If you’ve got a decent sized following on social media, you can start an online store in minutes. All you need is a Shopify account and you can be accepting orders to your heart’s content.
Shopify has a large and extremely useful online store builder that can help you get up and running quickly. With their intuitive interface, anyone can set up an online store with only a few clicks of the mouse.
If you’ve got a product that people want and are willing to pay for, it doesn’t matter if it’s brand new or been around for a while, you can start making money straight away.
3. Start An Affiliate Marketing Store
What’s great about affiliate marketing is that it’s built on a fairly simple premise; you’ll earn a commission when someone clicks a monetized link or buys a product that’s promoted on your website.
The affiliate marketing is pretty easy to get started with. You can simply create a blog or website with a product review section. When someone clicks a monetized link or makes a purchase after reading your content, you’ll earn a small commission.
There are various affiliate marketing programs to choose from. Some are commission-based while others are paid-per-sale. The choice is completely up to you.
4. Start A Blog To Make Money Off Writers
If you’re a seasoned blogger who’s looking to make some quick cash, you can start a blog for writers. The concept is similar to the one above but it revolves around individuals who need content for their websites and blogs.
You’ll be writing articles for various publications and getting paid per piece or based on a commission structure, usually between $50 and $100 per month. The amount you’re paid will depend on the subject matter and the popularity of the publication. As a blogger for writers, you’ll be asked to put together compelling content that will keep their readers engaged. You’ll also need to build a reputation as a reliable and informative source of news for writers and content creators.
To get started with this option, you’ll need to have a decent sized following on social media. Once you’ve got this, you can set up a blog around a relevant and highly searchable keyword. The choice is completely up to you but, for best results, opt for a niche that’s somewhat rare.
Blogs for writers provide an easy way to make cash online and it’s a proven and reliable way to earn money. If you think you’ve got what it takes to be a successful blogger, there are tons of opportunities out there for you.
Use These Four Methods To Make Money Online With A Domain Name
With just a few dollars and a domain name, you can set up your own shop, sell affiliate products, start a blog and even make money off writers. It’s an incredibly easy way to make money online and it takes only a few minutes to set up.
The great thing is that you can use the same methods to make money online whether you’ve got a brand new domain name or you’ve had it for a while. The only difference is that, with a newer domain, you’ll want to explore ways to monetize it sooner rather than later.
When choosing a domain name, it’s super important to keep your financial objectives in mind. Do you want to make a quick dollar or do you want to invest in a long-term asset? The answer will largely depend on your personal circumstances. For instance, if you’re looking for an easy way to make money online and don’t want to invest too much time, you can opt for a cheap domain with an intent to monetize.
Monetizing A New Domain Name
When choosing a domain name for monetization, you’ll want to keep your main focus on the keyword research stage. This is where all the money will be. Once you’ve got this stage completed successfully, you can move onto the next phase which is developing content for your target audience.
The first few days/weeks of any online venture are extremely important. This is when you start to build your audience and gain credibility. During this phase, you can implement various monetization methods that are available to make quick cash.
After about a month of consistent blogging, you can consider diversifying your income by implementing some affiliate marketing or selling and displaying ads on your site. You can also look into selling and displaying a lead magnet for free on your site. A lead magnet is essentially an attractive offer (e.g. a free eBook) that potential customers can’t resist.
Monetizing An Existing Domain Name
If you’ve had your domain name for a while and are looking to make some quick cash, you can consider undertaking a complete monetization strategy. For this example, we’ll use a blog that we’ve already discussed; blogs for writers.
You’ll want to carry out a thorough keyword analysis for your existing domain and its articles. Once you’ve got this completed successfully, you can move onto the next step which is to develop a monetized piece of content. This could be an eBook, a white paper, a case study or even a webinar. The choice is completely up to you. As an author, you’ll be taking advantage of the fact that people are searching for your expertise.
Once you’ve got this content developed, you can promote it on social media and through email marketing campaigns, to name just a few. If people are interested in your topic, they’ll have no problem finding your content.
Monetizing With Chitika
If you’ve been around the online marketing block a few times, you’ll know that advertising through online banners is nothing new. What is new is the ability to target specific groups of people based on interest. This is where the interest-based marketing and the Chitika advertising network come in.
With Chitika, you can simply choose the countries, interests and hobbies that you want to target and the platform will take care of the rest. When someone in your target audience clicks a monetized link or buys a product that’s promoted on your site, you’ll earn a small commission.
There are various ways you can use this commission to make money online. You could set up a side income stream or you could reinvest the funds into additional marketing activities.
That’s pretty much all there is to making money online with a domain name. As you can see, the options are endless. The great thing is that you can use the same methods regardless of whether you’ve got a brand new domain or an existing one. The choice is completely up to you.