If you’re interested in making money without having to do more than type in a few keystrokes, domaining might just be for you. Even if it doesn’t take off as your new career, it could be an excellent side gig to earn a few extra bucks a month. First, however, you have to understand what domaining is.
Domaining is the practice of buying and selling domain names. “Fantastic!” you think. “But what’s a domain name? I’ve heard the term before, but I’m not exactly sure what it is!”
Relax; we’ve got you covered. A domain name is a web address; in particular, it’s the part of a web address that identifies it as belonging to a specific domain. While a domain’s IP address will be a series of numbers separated by dots, the Domain Name System (or DNS) gives the server a name that’s much easier for us humans to remember (like google.com).
When you type in the domain name, the web browser and the DNS server will talk to each other in order to bring up the site’s IP address. Long story short: domain names are an easy and interesting way to access a website without having to type in a long string of numbers.
The thing that makes domain names interesting for domainers is that each one is unique. Once someone owns squeakypurpledogtoy.com, no one else can have that site unless they buy it. This may sound silly…unless you’re the person who starts the Squeaky Purple Dog Toy brand and needs a domain name that will be easy for your customers to remember.
That’s how domaining can make money. Depending on the size of the entity you sell to and how in-demand a particular domain name is, you can make from a few dollars to a few thousand dollars on a sale. Intrigued yet?