Fast domain riches is a website that attempts to sell you information to get started in the domain reselling business. There is a lot of money in the domain reselling business and it can be easy to make that money if you have experience.

The idea behind reselling domains is that you would buy opportunistic domain name for $7 or so, and resell it through a domain service for up to $500 or more. It sounds easy doesn’t it? Well that is what fastdomainriches.com is trying to make you think. In reality, unless someone thinks that they can easily use and profit from that domain name, they will most likely not buy it. In fact, if you head over to ebay and search for “domain names” you will see that most domain names end up selling for around $10 to $15. So if you were to buy 100 GOOD domains for $700…then you could sell them for at least $1500, and make a profit of $800. However, it would take a very long time to register that many domain names and to create individual auctions for each domain. Every once in a while, you might be able to make $100 or more for a domain, but that is very rare. It is rare because, people who want to have a domain name are most likely to buy it themselves, rather than to stumble upon in on an ebay option.

The bottom line on fast domain riches is that if you want someone to hold your hand through the hole process, then fastdomainriches.com is for you. I would recommend that you do a few good google searches and should do some research to learn how to do this for free.

Tuesday, September 16th, 2008 at 9:42 pm filed under General. RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.