Comments on: Make a 1,000% Profit

By: Elliot

Elliot — Sat, 04 Jul 2009 13:06:39 +0000

@Tom

Commission is taken out automatically by Snapnames after the domain names sell. If the domain names are registered at Moniker, no push is necessary as Snapnames and Moniker are owned by the same company. If they’re registered elsewhere, I believe they will either need to be pushed to an account at Moniker or to Snapnames (as was the case in the past).

Once the buyer pays, which can take hours to a week or so, it takes 7 days for the funds to clear, and they pay via wire transfer. They may pay via Paypal for smaller amounts, but I am not sure off hand.

By: Tom

Tom — Sat, 04 Jul 2009 04:29:05 +0000

Do you pay the 20% commission up front or once the domains sells..

Do you have to push the domains to snapnames in order to list them… I heard this was the case.

How long does it take before you get paid for domains that sell and how do they pay you… PayPal ?

Very interesting article thanks for sharing.

By: Elliot

Elliot — Sat, 27 Jun 2009 18:46:07 +0000

As an update, I sold 26 names in the last 4 weeks @ $79/each, and 10 more have bids. These are names I bought for under $8/each in the last month. 10 of the sales were made on the second listing. In total, I bought around 70 domain names, and I made a profit on the first sales batch. Every other sale, including the 10 names last week, is all profit.

By: Veery

Veery — Mon, 22 Jun 2009 16:05:16 +0000

I would really like to try out this method but I’m encountering a problem. Where do I go to on the Snapnames website to see what people are bidding on or buying in real time?

By: Vikz

Vikz — Mon, 15 Jun 2009 16:47:57 +0000

Excellent article as ever. Great read