This article is guest posted by Daniel Saul.
The other day I decided I was fed up of nearly all my domains just sitting there doing nothing. A few weren’t even linked to a hosting account! So I looked into the domain market, now everyone’s heard of it – buy a popular domain for normal price from a registrar, then sell it on a website like Sedo for reasonable profits.
Now, I was just about to list my various domains on a site very similar to Sedo when I saw a couple of guys chatting on a forum. One was asking the best place to sell a domain for big profits and then the other came along and said don’t sell them, you can make a bigger profit from your domains another way. I saw this and was immediately interested so I contacted him. It was then that I found out about renting domains.
Have you ever heard of renting a domain before? Well neither had I and I thought this guy was mad. But then I did a quick search and it seems you really can make money from domain renting but it is currently a relatively new idea. Sometimes you might manage to sell a popular domain for around $100, but you could rent your domain for $20 a month or more!
The way it works is simple. List it for around $1 dollar on a domain renting site, state your price per month etc. Wait for an offer to come in and then if they are willing to pay enough, accept. Once they have paid their first instalment, alter the domains nameservers and if they for some reason stop paying, change the nameservers to something different.
So what are you waiting for? Instead of selling those domains you have lying around, rent them out and stop renting when you find a use for them. One domain renting site I have found, which is relatively new and doesn’t yet have that many users but has a very professional setup is DomainsForLet.com. Also this site, until 30/08/08, isn’t charging anything to list your domain which is why I thought to mention it. Another, DomainsListing.com, lets you either sell or rent your domain but they don’t look professional and probably won’t do well.