Earn Money online web domain registration

Internet web domain registration name trading is one of the most easy way to earn money online.It's a lucrative, easy, quick,and one of the fastest way of online cash money making schemes. With a little bit of information, patience and perseverance it can be turned into a viable income generating prospect. For people who just use the internet to retrieve information domain trading may be a nouvelle concept however there are many individuals and even professional establishments that are making a good deal if money by trading domains.

So if you are a novice to the world of internet and its intricacies you will have to first find out about the background of domain names. A domain name is nothing but an exclusive name given to a website which corresponds to its unique IP address. To put it in layman terms when we wnt to visit a particular website on the internet our computer searches for this site on another computer in the vast cyberspace with the help of a unique identifying string of numbers called IP address.

However it would be terribly cumbersome for us to remember the individual IP addresses of all the sites that we would like to visit, so to make the internet more user friendly the concept of DNS (Domain Name System) ws introduced. With the help of this system the IP address could be made to correspond with a string of words called domain name for example google.com or yahoo.com. Domain name were easier to remember, but with the explosion of the internet phenomenon a huge number of websites cropped up each trying to compete with the other to bear a name that would be easiest to remember and be the most relevant or make an impact.

In the initial days of the internet registering a domain name ws a piece of cake but not anymore. With thousands of domain names being registered everyday it can be a difficult task to get the domain name of your choice because more than often the domain name that you wnt already belongs to somebody else. But the good news is that with the proliferation of the internet a lot of names are also being dropped everyday. By a dropped domain name, one means a name that is no longer owned.

When you wish to own a particular domain name you will need to register it with the domain registrar and this is usually done for a period of two years. But many website owners discover that for a multitude of reasons they don't wnt to hold the domain any longer and so don't wish to spend after registration. If a domain is not registered after its expiry in about 75 days it will be dropped or get the status of an 'expired domain' . This means that any buyer can then register/ buy this domain name.

The next logical question would be why anybody would wnt to buy this name when a new name can be registered for a few dollars. There are scores of reasons why a person may wnt to buy an old domain name. One is to take advantage of the popularity that this website may have enjoyed in its high days. Another is the name itself may be relevant to your cause and a third reason maybe because this domain name is very close to your domain name which means that there are high chances of a visitor going to this site instead of yours.

This is where a domain trader comes into the picture. Most organizations or individuals who wnt to buy expired domain names seldom wnt to put in the efforts involved with getting this name. Don't let the simplicity of the process fool you, since this is an extremely lucrative prospect competition is fierce and a good domain name usually gets snatched within seconds of being dropped. But if you can get your hands on such a name you can be sure that buyers will not mind paying a good price for it.

The simplest wy of grabbing a good domain name is to avail the services of sites like Whois.net, JustDropped.net, Dotcenter.com DomianAnnouce.com, UnclaimedDomains and many others. You could also use the domain registrar sites like GoDaddy.com, TuCows.com and eNom.com.Most sites will charge a small fee to let you access the data. But you should be warned that the sheer volume of data supplied by these sites is astounding and you will need to be very patient to segregate the good domains from the huge lists.

Once you have found the domain name of your choice you can register it for a small fee and your ownership can then be transferred to the buyer of the domain name. The big players in the market right now are Pool.com, Namewinner.com and Snapnames.com. It would be unreasonable to expect your very first domain name to fetch you a hefty sum but once you build up your credibility by setting up your own website and through contacts; customers will start trickling in on their own.Domain trading is certainly veritable online money making option that can be successfully turned into an income stream.