Have you heard about domain names that sold for over a \rmillion dollars? Inspired by this, you imagine registering \ra great domain name, hanging onto it for a while, and then \rselling it off to become the next multi-millionaire. It \rcould happen, but don`t count on it!

First of all, many of the truly great domain names are \ralready taken. Second, the dot com bust took some of the \rwind out of inflated domain name prices. (If you sell your \rdomain name for millions of dollars worth of stock in a \rpublicly traded dot com flop, what is the name really \rworth?)

The cybersquatter buys domain names totally on speculation. \rSometimes he will register names of famous brands, \rcompanies, or individuals. Time and again, these domain \rname speculators learn the hard way that they must respect \rintellectual property rights. They hope that some large \rcorporation will pay big bucks to them for the use of the\rcompany`s own (already trademarked) name. Instead, they \rend up with threatening letters from a law firm for their \rattempts at extortion.

However, you can still make money from domain names if \ryou are sensible in your approach. Here are some \rsuggestions on ways to profit.

1. Affiliate Programs: Use your domain name to promote an \rappropriate affiliate program. Either redirect to the \raffiliate site or write a review that links to them.

2. Informational Sites: Create content and then profit \rfrom it by earning advertising revenue through Google\rAdSense or a similar program.

3. Redirect to Your Own Site: Some reasons you might want \rto do this include preventing competitors from using a\rparticular domain name and benefiting from searches some \rusers perform by domain name. (For example, if they wanted \rto order flowers, they might just type "flowers.com" in \rtheir web browser. You could get some traffic and sales \rthis way.)

4. Product Sites: Create your own or sell someone else`s \rproduct appropriate to your domain name.

5. Park Your Domain Names: You might feel that your name \rhas real potential for resale value. There are companies \rthat will allow you to park your domain on their servers, \radvertise that your name is for sale, and split advertising \rrevenue with you.

The trick is to generate traffic for your domain name. That\rtraffic in turn will create revenue. Then, when you go to sell \ryour domain name, you will have a few things going for you.

First, you will have a fully developed website. A fully\rconstructed building on a piece of land increases \rthe value of the real estate property. Similarly, the\rvalue of your domain name is enhanced by a complete and\roperating website.

Second, you have traffic. Just as a shopping mall with no \rtraffic results in no sales, so a website must have traffic \rto generate income.

Third, you have income. An income property, such as an \rapartment building, can be appraised on the basis of its\rincome (as well as other factors). Similarly, the gross \rincome, net profits and cashflow of a website have value. \rFor example, if someone offered you $1,000 for your \rdomain name and website when it was generating $10,000 per \rday in profits, you would likely laugh at him.

You really can profit from your domain name investments \rby adding value and properly developing your web \rproperties.

For further information about profiting from domain names,\rvisit http://www.yenommarketinginc.com/domain-names.html

RESOURCE BOX:

J. Stephen Pope, President of Pope Consulting Inc., \rhttp://www.popeconsultinginc.com/ has been helping \rclients to earn maximum business profits for over \rtwenty-five years.

For valuable Work at Home Small Business Ideas, \rvisit: http://www.yenommarketinginc.com/