A domain name is just a website address for example, both ‘www. google. com' and ‘www. youtube. com' are both domain names.
If you buy up desirable domain names, other people (especially businesses) will often buy them off you. For instance, one guy was savvy enough to register www. fb. com and Facebook bought it off him for eight and a half million dollars (about five million pounds)!
Of course, you're unlikely to be quite that lucky but a lot of buying and selling does go on (particularly from businesses who want to buy up every domain name that's similar to their brand name).
It's incredibly easy to register and buy your own domain names through sites like GoDaddy.
You just type in the domain name you want, and GoDaddy will tell you if it's available or not. If it's available, you can buy it (many can be bought for just a few quid).
The best approach is to buy domain names that have obvious commercial value domain names like quickpizza. com, or mortgagehelp. com.
Remember, a business buys a ‘.co. uk' address every 20 seconds so there are constant opportunities to make money buying and selling domain names online.
Have a go now see what domain names are available at GoDaddy. If you discover a good one, nab it!
