Millions of people buy domain names, and since registrars that offer them, also offer an affiliate program to sell them, I’ve capitalized on this and made over $1,000.
In this article, I’ll be explaining how I sell domain names through a program called Wealthy Affiliate, which offers some pretty awesome deals for website domains, and incentives to promote them. Here’s “some” of the proof of my claims:
Now let me be honest in saying that these numbers didn’t accumulate quickly.
In fact, to get to this point in profits, I had to wait a few years, which would technically mean, I made about $1 a day.
But before you click away thinking that I’m only making a few dollars selling domain names, let me say that this same Wealthy Affiliate offer through which I’ve been making these “small profits” was tied in with different offers, and these “other offers” actually ended up making me over $300,000 and as you read this article, I will show you how making a little bit from selling domains led to making these six figure numbers on the back end.
So in other words, this domain selling opportunity ended up being a gateway into much bigger profits for me personally and for the consumer who purchased them, it was also a great deal, because not only did they get a domain for a small price, but they also got many tools and training services to help them actually do something substantial with that domain, which is learn to make money online with it.
But I’ll get into all of those details shortly and if you’re also interested in doing this too, I’ll also provide you with the details. Let me start with this:
Firstly, let me say that there are 2 ways to go about this business:
The first is that you can become an affiliate for popular registrars like Godaddy, Namecheap, Wealthy Affiliate (that last one is the one I mentioned using before) as well as others and have people buy websites through you.
But regardless of which domain registrar you choose, for each domain purchased through you, there is a small but recurring commission paid out.
It can be $1-$2 depending on the program you register with. It’s a tiny amount and it’s one of the reasons why many affiliates don’t really get too involved with this opportunities (these are low ticket offers, and naturally affiliates usually like higher ticket options).
But I’ve not only made it work for me, but like I said earlier, this opportunity in selling the domain names, opened up the opportunity to make much higher commissions for awesome tied in services to the domains I’m selling, such as training, coaching and tools to build an online business and as I already said, this led to me making over $300,000.
But again, I’ll get into the details of this stuff in a bit.
The second is actually owning your own domain name, building up your own website/online business through it, having it accrue traffic and sales to raise it’s value and then sell it on the same registrars or sites like Flippa.com.
This can produce incredible profits for people and I have talked about how to go about selling a website here.
This case study however focuses on the first option I mentioned. And to further prove my points about making more than just the $1,000’s from selling domain names, here’s some more income proof:
Now that this has been covered (and you can read more about my personal experiences online here), allow me to get back to explaining the main point of this article in detail, which is…
How I made $1,000+ selling domain names (my personal formula):
1) First I created a big website in 2013 on making money online (you’re on it now!) and have made it grow considerably since.
For proof of how it’s doing, I have provided this 11 month earning report. And while that one is older, you’ll find the most updated income stats for this site on my Wealthy Affiliate review, which goes into 2020.
2) On this site, I promote Wealthy Affiliate (obviously).
3) Wealthy Affiliate, in addition to being a program on online marketing education has also expanded and actually entered the domain name world in 2016 and began selling them to it’s members.
4) Each member I refer to WA, who buys a website name from them, earns me a commission. It is only $1 a year (recurring) and that’s considering the person who purchased it, renewed it. Now this is $1 for EACH domain and some people buy multiple ones.
Additionally, the extra offers besides the domain name offer also earn me anywhere from $8 to $175 PER person. So with all the people I get into the program, not only do many of them buy domains, but they also buy the extra offers which pay me the $8 and all the way up to $175, and this combination of things is how I made over $300,000 through this entire program.
I list the details of my $300,000 earnings here via the Bootcamp course in Wealthy Affiliate.
5) With regards to the domains I’ve sold through them, I’ve been able to generate over $1,000 in sales since this began with about 20% of those sales coming from people who have renewed the domain they purchased.
Here’s a snippet of these sales I made selling domain names:
Because that report is too long to show on this article (it’s 3+ years worth of reports!), let me just break down the specific numbers for you:
Since January 2016, when Wealthy Affiliate entered the domain registrar world and started selling them, I didn’t even have to separably promote these offers. They were automatically tied in with my MAIN promotion of Wealthy Affiliate, which is basically found here.
Once someone joins this program through me, and buys a domain (which happens often), I get that commission from it right away and once a year passes for that person’s domain to come up for renewal and they renew it, I get that $1 credit again.
So keeping this in mind, here is the breakdown:
Since January 2016 to late 2019, I’ve made $1,551, meaning that many domains were purchased. Some people even purchased multiple ones, and again, this is all counted towards my commissions.
Now those sales were for NEW website buyers. But what about renewals? How many people who purchased those domains renew them the next year and the one after? Well the numbers for that are 453.
So 1,551 + 453 = $2,004 made selling domain names.
Now remember, this $2,000+ is just a small sample of the REAL money made on the back end. As I said earlier, Wealthy Affiliate is far more than just a registrar. They also offer so many more awesome things to keep people inside their program and using/buying more of their services, and it’s those extra offers which I truly make the big sales from.
An ever increasing opportunity:
The basic idea is that the more members I get into that program (who benefit from it), the more people will sign up and buy websites, which will continually earn me $1 for each one initially and then $1 recurring for the same people who renew it.
Overtime, these numbers can snowball into big profits and this is why despite there being only $2,000+ in sales for over 3 years, it’s actually been an upward trend, meaning…
The first year, I made a few hundred from it.
Then the next year, I made even more because there were more, new people buying up websites from Wealthy Affiliate through me AND added to it was the renewals from the previous year.
And for the third year, this continues to climb, because I continue to bring in more and more referrals into the program.
Why not go for other registrars? Don’t they pay more? Yes and no.
I once looked into promoting these kinds of things from GoDaddy.
They would actually pay me more than $1 for each website registration from what I saw. But I decided not to go for it and there’s numerous reasons why (including financial):
1) While I like Godaddy and they offer a good affiliate program, the problem is that they offer too many necessary things and I felt like I’d be ripping off my customers if I sent them there.
2) To add merit to my first point, I have to personally point out that I’ve actually moved a lot of my sites/services away from Godaddy and into Wealthy Affiliate (domains AND hosting) because Godaddy kept increasing the prices every year and many of those services were just unnecessary and costly for me. In Wealthy Affiliate, a member can get many of those services INCLUDED in their membership.
Example: Hosting, SSL, and other tools are part of your WA membership, in Godaddy, they cost separate.
3) And finally, I believe the services and benefits in WA, in addition to the website registration opportunities pay me more and give the customer more in the long run.
Remember, it’s not just the $1 commission I am making off my referrals, it’s actually A LOT more and the benefits of those other services make it far more financially lucrative for me to be involved in and more importantly, far better for the customer to be involved in because they get cheap domains, great tools for their businesses and awesome training, and they would actually end up overpaying for that in other places and eventually leave.
Through WA, because they stick around, I make more money every month than I would with the other places. It’s basically not the front end sales you need to analyze, it’s the long run sales. For example:
If I were to promote a Godaddy services and get 100 people to buy, say domain services and a few other things, I’d probably make a few $1,000 in a year for this. It’s not bad at all!
But through WA, if I were get the same 100 people in, and each of them would earn me $1 for a domain they’d buy, plus pay the monthly membership, I’d probably make 4-5 times as much in the same year. And they’d also be happier and that’s because they get more value out of WA and all the benefits that are inclusive there.
Not only that, but the DEAL and benefits a customer gets from WA vs Godaddy and pretty much any other place (Basically they have it all included) is far better for retention, meaning the people who get these things out of WA, stick around more, ensuring they are happy (as is the affiliate).
Are you interested in doing this same thing?
You can basically do this same thing I am by becoming a member of this program Here is a full review of Wealthy Affiliate and I recommend you check that out prior to joining.
But once inside, you are already an eligible affiliate to do the same thing I am here.
Update: Additional ways to sell domain names.
I am currently in a preliminary stage of attempting to sell domain names via YouTube, by creating top 5 or top 10 videos on things like the best website registrars, the best hosting companies and things related to the subject of creating websites and buying them.
As I said in the very beginning, countless millions of people buy website domains and 99% of them have no clue on what to do after to make it monetize.
Fortunately, with the Wealthy Affiliate program, not only do people get a great deal on the domain they wish to buy, but with all the other extra tools offered, they have the ability to go much further with that website they buy and this is why I will continue to promote the same offer, just through more networks than just this website alone.
And again, if this is something you also wish to do, then I would very much recommend the same Wealthy Affiliate program.
18 thoughts on “How I Made Over $1,000 Selling Domain Names. Full Tutorial.”
Selling domain names is something I’be always been curious about. I like to do more of it down the road, but I’m committed to building one niche website right now.
I think the first option is great to selling domain names; however, the second option is much better for beginners such as myself. I like the idea of working on one website and go from there.
It’s great to know you’ve had a lot of success selling domain names, for that much it’s not too bad.
I’m glad to know that selling domains can be a great way to earn income. It sure opened up my mind much more on the opportunities available.
Thanks for sharing a great article 🙂
Thanks for a great post, lots of excellent information here. I’ve had good luck with domain names including selling one for $2,000.00 which was a great bonus bit of income.
Smart suggestion to work this from the affiliate point of view and definitely to only send people to high integrity good value sites. Absolutely agree with you on the value of Wealthy Affiliate.
They are top notch and what they deliver for a product is miles ahead of anything else out there. Add into that the training available and the awesome community and you’ve got a winning combination.
Will be following to see how you make out with YouTube and domain selling that way. Here’s to lots of continued success!
Thank you Judy!
I am always happy when I find someone who has already made use of a system of making money and also shares it with others. I am already a member in Wealthy Affiliate and although I am relatively new and not started my site yet, I think this shouldn’t be my main aim yet.
I believe building my own website and learning how to really get traffic should be my goal. When I become a pro at this, I can build other websites and sell them to make money. Do you think my plan is okay?
Hi Henderson, your first goal is the correct one in my opinion and should be the top priority. This article focused on selling domain names and not really flipping sites which you asked about, but since you did ask about selling websites, my take on that is that you shouldn’t worry about this until you gain more experience in building your own website first, which is basically what you said as well.
You’re going to find that with the experience you attain from building the website, that you will be able to decide for yourself if building other websites and then selling them is the right course of action. For me personally, I have never sold a website (yet) because for me, building the website is fun and having it be my own property is also something I am proud of.
But like I said, don’t focus on that goal yet, you will be able to determine if this is the right course of action only after you gain the experience and success from your first website.
And for that particular goal, Wealthy Affiliate will be the best solution to doing that.
I am glad that you recommend the hosting services of Wealthy Affiliate and helped me save money on all the vital components that I needed for my website.
It takes a lot of courage to be able to walk away from higher paying affiliate programs with more money in order to promote a higher value domain name seller.
I would have definitely have not trusted any website source ever again if they ever referred me to a website domain seller service that gives a bad customer experience.
Hi Jessie, I prefer to promote the better quality service/program any day over a high ticket offer, especially when the marketplace in my niche has those options. In the end, high ticket offers (generally in this niche topic of making money) suck and really hurt people’s savings, that’s not a good deal, therefore, a cheap, recurring system like in Wealthy Affiliate which gives them what they need for very low prices and helps them grow a real business is what suites them best.
Hey man thanks for sharing. I’ve actually looked into something called domain flipping a while ago, I think it is slightly different from what you’re sharing here. In essence you try to find popular domain names and buy them with hopes of flipping them sometime in the future. I’m not sure which is more profitable but being an affiliate on Wealthy Affiliate and GoDaddy seems easier.
Hi Lucas, yeah I’m very familiar with domain flipping and have a discussion on this here, but in this particular context, I am just selling the domain name, when it’s brand new, and therefore the value of the domain is the same ($13.99 a year).
For domain flipping, you’d need to buy a site, build it up, get it going with traffic and sales to raise its value before selling it. There is a business for this and it can be lucrative but it takes time too.
Very nice, I must say I have wondered if selling domains was worth it or not. Also being on WA I never realized or maybe just didnt pay attention to the fact that we keep $1 for each domain, that is cool. Going to have to promote the website domains more. Great information Vitaliy.
I think if you are in the business of selling online marketing training, tools and so on, then you should absolutely also be selling domain names as it’s part of the business and it adds up.
I believe the extra benefit of getting membership sales along with domains with Wealthy Affiliate is far better than joining either GoDaddy or Namecheap. I would definitely look into promoting both with Wealthy Affiliate right away.
And hopefully, like you, would be patient and collect $1-2 dollars and turn it to something big. And now I understand, how you make your own sites grow in value once it has a significant amount of traffic and sell them on Flippa.
Hi Saj, Flippa is whole other story but in regards to selling domains, yeah it’s a game of patience, it has to be.
If I am being honest I never understood the system of just having a domain name a basically selling it for a ridiculous amount of money.
I mean okay, it does make sense if you’re trying to build a brand and you want to get all variations of your brand name. But what does not make sense to me, is actually the price for some domain names that people are asking. I mean I have seen plenty of pretty average names even below average and someone asking like $5k for it.
What are your thoughts about domain arbitrage?
To be honest, anyone who understands the topic of domains names will understand that buying them for high prices is a waste of money. People who buy up the domain names with the intent to sell them for high prices are usually uneducated in this field too and generally will not make good sales. It’s sort of a system that works itself out Eugen.
You can’t really “force” people to sell domain names for a certain price, but the customer has the right to decide if the price is worth it. What I am for is educating people on how the actual name of a domain name isn’t as important as the site which is made under it and once people get that main point, they will not pay huge prices for a website name that’s taken, they’ll just figure out another, good name to choose and it’ll be the right move.
I joined Wealthy Affiliate program a couple of months ago and I have to say: Best decision ever! I’m starting to think about building sites and then selling them online for a profit but, to be honest, I’m a total newbie at this and I’m too afraid that I’ll make a bunch of mistakes.
Do you have any posts about selling sites on Flippa? I’ve heard about this from a lot of internet marketers as the best one out there and I’d like to learn more about it.
Yes I have a post about Flippa here Jenny, but I wouldn’t do any of this right now. If you are indeed very new to all this, then you need to make at least 1 successful website that generates traffic and money before you try and make sites with the intention of selling them. Having that knowledge will raise the value you can sell the site for when the time comes.