| Most budding internet entrepreneurs are looking for | | | | These domains are simple and to the point. Granted, |
| that perfect business opportunity to make a lot of | | | | there are not a lot of domain names like these left, |
| money online. Buying and selling domain names is a | | | | but you can imagine the resale value of as compared |
| great opportunity to do just that. Finding a good | | | | to The longer and more convoluted the domain |
| domain name can be like finding a million dollar home | | | | name, the lower the resale value. |
| that has been foreclosed and is now selling for | | | | 3. Misspelled Domain Names |
| $50,000. It can be a great investment. But for many | | | | Buying domain names that are common typos is a |
| people just starting out in this business, there are a | | | | dangerous path to take. This is often called "cyber |
| handful of mistakes that just about everyone makes. | | | | squatting" or "typo squatting." There is now legislation |
| Some of these mistakes are minor and can cut into | | | | to protect trademark and service mark owners from |
| profit potential, while others can put you behind bars. | | | | this practice. In order for a domain name to fall under |
| No joke. In this article I reveal these common | | | | this category, it must be "identical or confusingly |
| mistakes and how to avoid them. | | | | similar" to some other trademark or copyrighted |
| 1. Avoid These Domains at All Costs! | | | | service. |
| While good domain names can be hard to come buy, | | | | A recent court case found a man guilty of "typo |
| do not make the mistake of buying a domain name | | | | squatting" on over 5500 domain names that were |
| that contains a lot of dashes. For example, [ While | | | | variations of copyrighted terms. To make matters |
| this might be a reasonable site you use if you are | | | | worse, when unsuspecting surfers arrived at his web |
| developing it yourself, the resale value of the domain | | | | pages, they were re-directed to pornographic web |
| itself is going to be minimal. Google recognizes | | | | sites. This gentleman was sentenced to two and a |
| domains with lots of dashes as lacking the authority | | | | half years in prison and forced to pay huge fines. The |
| of domains without dashes. This greatly effects the | | | | moral of the story: Do not be a "typo squatter!" |
| search engine optimization capabilities of this domain. | | | | These are three of the most common mistakes |
| It is best to avoid domain names with even one | | | | people make when buying and selling domain names. |
| dash, as it is likely to drastically cut into resale value. | | | | Fortunately, there is an exact formula for domain |
| 2. Find Domain Names With Less Than 20 Characters | | | | flipping that has made a lot of people rich. The best |
| I use 20 characters as a rule of thumb, though this | | | | part is, you do not need to be an internet |
| number is not set in stone. Generally speaking, | | | | professional or have any experience in running a |
| domain names that have high value are going to be | | | | business to make money from buying and selling |
| short and sweet. A few examples: recently sold for | | | | domain names. Follow the blueprint and you will be |
| $3 million, sold for $700,000, and sold for $5 million. | | | | well on your way to becoming a "domain profiteer. |