$10,000 worth of assets. Thanks WA.

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106
10.2K followers

While I was away from WA my websites suffered

For personal reasons I was unable to do too much.

My income decreased because I wasn't writing blogs. I was to tired.

Yes, my excuse was a good one but it is personal so I won't mention it here. But I hope to change all that because of invigorated energy.

In any case, that's not what I wanted to tell you.

My many friends here will know. ( Because I've carried on about it before.)

I believe there are many ways to earn a living online apart from blogging.

Thankfully WA introduced me to all of them.

Well, actually fellow members did, but I wouldn't have known about them without WA.

One of my oncome sources within this platform is to buy up domain names that I believe will become valuable. Some I may eventually use to built more websites, others will just sit there for a while.

To date I have purchased 10 Domain names. So far they have cost me around $140..

I say so far because every year you have to pay a fee to keep the names. Usually this fee is the same as the original cost.. For example, most names cost me $13.99 initially and should cost that amount again on renewal.

Now this is the exciting part.

I haven't done a thing with those names. I simply have them parked here at WA.

But their value has skyrocketed.

I understand that 10 isn't a lot. But it is only a small hobby income, and I have tried to minimize the risk.

So what's the risk?

Well they might not increase in value.

However, this lot did.

Come on Jim

.. What are they worth now?

Well you can check.your domain values on a number of sites. I use three and average them.

Simply type 'Domain values ' in Google and it will bring up a host of possible sites you can use.

WHAT ARE THEY WORTH.. you scream in annoyance.

Well, I'll tell you

$10,000

Yes, you did see it correctly.

$10,000

To be truthful, they're only worth that if I sell them, and I'm not ready to do that yet.

The point of this blog is to help other members to understand that blogging is not the only one way to make money using your WA platform.

Apart from blogging and domain buying/selling, you can also start an ecommerce site or use your available websites to host out to other business's. There can be an incredible market available for you in your own home town.

Jay from 'Magistudios', has produced a number of training modules on this topic. Why not check them out? You can find them by placing 'MagiStudios' in the search/question box at the top of your profile page.

If you find blogging difficult then you simply have to 'look outside the square' for other options.

Use Your Imagination.

Do your research.

You will be surprised at what you can discover if you utilize Google search.

So...get busy and....

Go For it..

You to can become successful at WA.

All the best... Jim


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Recent Comments

108

Wow, thats a nice little hobby Jim.
I have bought at least 2 domains in the past. Depression kicked in and I can't even remember what they are or where I bought them from to park them here.
However Jim, If they have gained in value, it's going to be worth trying to track them down somehow.
Thanks so much for your post and I came here to read it because Ferra mentioned what you were up to.
Thanks,
Love Andi.

I am shocked. I just checked my estimated domain value for my main website, it's $1,215 on godaddy. I bought it for $13.99 here at WA. It's only 6 months old.

Thanks for sharing, Jim. It's a great info to know. A boost for my motivation to keep working on my website as well. :)

Ferra

Thanos Ferra

Thanks for sharing this Jim. Aquirering domain names to sell back in auction is always have been something I thought getting involved in. Can you tell a little bit more on how the sites actually gets more value in your case? I would like to know if you don't mind.

Cheers!
Olivier

The value increase is an 'educated guess' thing. By knowing what certain words are worth you can work out the potential value of a domain name. Short domains are worth more then long and .com are more valuable then .net etc.

It's a bit like investing on the stock market, you reduce your risk by being informed.

Thanks! I have some homework to do!

You certainly do.

There are numerous ways to generate income. Domain names are an excellent way and given the ease of purchase, a business in a box.

Great share Jim.
Alex

Very true Alex.

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