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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.
September 4, 2008
Nice find!
I posted one of my domains to DomainsListing (which has a higher PR of the two sites), but when I tried posting it to DomainsForLet.com and proceeded to the checkout, PayPal gave an error saying that there was a problem with the email address used by the vendor (DomainsForLet)…not sure if it’s something serious, but it wouldn’t let me check out.
Thanks for the tip though. I didn’t think something like this was possible!
September 4, 2008
Does this model really work?? I dont see why someone would pay rent for a domain that they can buy for 9 bucks??, I mean branding, promotion etc would be lost once you stop paying rent on that domain.
September 4, 2008
It sounds like a good idea, but what happens to the site when you decide to stop renting it?
Someone could’ve worked really hard to create a site on your domain and then you decide to stop renting it to them – they’d be pretty annoyed!
Or do people rent domains for different purposes? I’m intrigued.
September 5, 2008
I use to own over 3500 domains and have had people offer me all sorts of crazy deals for domains.
Also, people have asked me if they could rent my domains before and I have had a lot of discussion with other resellers about this.
One major point to consider is what the person does site that is renting the domain. Depending on the content… they could get you blacklisted from Google and other search engines. You really need to understand what the person intends to do with the site, and make sure there is a way out if you don’t like the direction they are going. You don’t want your premium domain name associated with a bad site.
Renting a domain could be profitable… but consider everything before you make any kind of deal.
September 5, 2008
Sorry, it’s been sorted out. There was a problem with the checkout process that was overlooked.
Thank you for your interest.
Neil.
September 5, 2008
domain for rent interesting I have not read this before.
September 5, 2008
Nice Idea, but I don’t see it taking off
September 7, 2008
I agree.. The time you take to promote could easily be snatched by the owner if they choose not to rent it out anymore..
Better to just register a new one and work from there.
September 10, 2008
This is new and very interesting.
thanks.
September 13, 2008
It is very interesting and I’m curious to see how it plays out over the next year or so.
September 14, 2008
I don’t think renting domains is such a good idea especially if you cannot control the DNS and stuffs. Domains cost less than $6 nowdays (promotion) and if you wanna develop a truly beneficial site which can make you many Ks per month a rent domain is not an option.
September 22, 2008
Hello!
I have decided to try to rent the domain 1UJ.COM for 600$ in a month, but I do not know where to place the announcement of it. Somebody knows as it to make?
Best regards,
Novikov V.
January 20, 2009
Awesome dude. I’d love to be number 1 on google. I can only hope! Good luck with your advertising!
June 29, 2009
A smart person wouldnt use the domain as their website name. A smart person would use a good generic name as an extra name that would be forwarded to their main site. Direct navigation is a proven way of getting traffic to your site. Thats why you would rent a domain. Its just another road to your website.
Example: Barnesandnoble.com is their main site but Books.com will also take you to their site. Ahhh…I hope you all get it now.
Carl Ocab is one of the most successful teenage bloggers on the net. But remarkably, Carl was just 13 years old when he rose to fame with his hugely popular “make money online” website: www.carlocab.com
When I first heard that there was a 13 year old making blogging waves, I had to check it out, and I am glad I did. I contacted Carl and helped get one of his interviews on the Digg.com homepage with the headline: “Mommy, can I cash my Google Cheque yet?”
We really hit it off since, and I have been keen to interview him here at DeanHunt.
Despite being 13 years old and not a native English speaker, Carl has proved that if you are passionate enough, then no obstacles are too high.
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