By: Max Tyson

Check out these recent 'colossal' domain name sale prices! Massive Profits are well and truly back in the news. (Truth be told, they've never really been out of it). With 'big' money at stake, it's no wonder the Domain Name Barron's prefer to keep an extremely low profile. Here's 10 Hot Tips to turn 'your' domains into dollars.

Tip 1. (More a 'revelation' than a tip). Did you know that there are now businesses specially set up to 'finance' those looking to buy domain names? Were you aware that there are multi-million dollar companies, whose sole activity is buying, selling, parking or leasing domain names? Why is this relevant? Well, these 'major players' are not in it for fun. They know (for sure) there's 'big bucks' to be made from domain names.

Tip 2. When it comes to turning domains into dollars, names ending in .com are still 'king'. The two word domain name http://DataRecovery.com went for a whopping $1,659,000.00 in the first 2008, whereas the one word http://Fund.com when for a simply staggering $9,999,950.00 in the same month / year. OK, your chances of getting hold of a good 'one word' domain are slim, but bear in mind that, as the price of such exclusive domains increase in value, a knock-on effect occurs. Down the road, sales of this magnitude can influence prices paid for good 'two-word' (and even 'three-word') domain names.