Domain names are only a small part of the internet money trail.
A large number of domainers are active in the market because they want to strike it rich (OK, just about all of us). This is especially true after the coverage in Business 2.0 last month that gave a simple “how to” explanation of domain parking. Alas, it’s not as simple as buying some random domain names and setting up parking pages. You won’t be able to quit your day job doing that!
Since many readers of Domain Name Wire are part-time domainers, I thought I’d tell you about a way to make money in addition to buying, selling, and parking domain names. In fact, you don’t even need a web site to make money this way
What am I talking about?
It’s called GoogleCash. When I came across GoogleCash a couple years ago I blew it off as another one of those get-rich-quick schemes. But I quickly figured out that wasn’t the case. Here’s the basic idea: (1) Sign up for affiliate programs (2) Place ads on Google (3) Collect checks through affiliate programs. It seems simple, but if you don’t know what you are doing you’ll flounder quickly and probably lose money. That’s why I recommend buying Chris Carpenter’s GoogleCash book. This book tells you step-by-step how to play the game. It includes real examples, tips for doing it well, and advice.
I don’t recommend products that I haven’t used. I can tell you this ebook is worth much more than the cover price. You see, in addition to buying, selling, parking, and monetizing domain names I’m also an active follower of Chris’ GoogleCash program. Frankly, I make more money from it than I do with domain names. In December I grossed over $20,000 following Chris’ advice. This month is shaping up close to $20,000 as well. This isn’t just a fluke. I’ve been doing this for a couple years and have consistently pulled in thousands each month.
Want to know the funny part? Now that I’ve been doing this for a while, I spend about 5 hours a month maintaining my GoogleCash campaigns. Seriously, that’s it. Sometimes a bit more – say 10 hours. But even at 10 hours that’s $2,000 per hour 🙂
As you get comfortable with the system you can start to use your domain names and web sites to expand your earnings.
Do yourself a favor and check out GoogleCash.
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