Buy Domains: With No Money Down | DomainInvesting.com
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Buy Domains: With No Money Down

9

One of the best things about buying domain names from NameMedia’s Buy Domains is that I can use my American Express card to make the purchase instead of having to pay with a wire transfer or ACH. Even better is that they don’t charge anything extra for using my AmEx. This is great for two reasons.

I get American Express Rewards points for my purchases. These points can be used for gift cards, hotel nights, upgrades, and many other great products and services. Since most of the acquisitions aren’t cheap, the points can add up quickly.

The biggest reason though, is that I can buy domain names that I plan to re-sell with what amounts to no money down, and I can re-sell them before I even pay off my credit card at the end of the month. Its like a no interest loan, which can’t be beat. Of course, this depends on where in my billing cycle I buy the names and whether or not I am able to make a quick flip, but generally speaking, it can give me at least a couple of weeks before having to actually physically pay.

Buy Domains is a company that I’ve been doing business with for a few years, and I am happy to work with them. Using my American Express card is one of the reasons for it.


About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has sold seven figures worth of domain names in the last five years. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest.


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Comments (9)

    howard

    Just thought that I’d let you know that you can buy targeted domain names at bargain prices at http://BestDomainsWebsite.com and can pay by credit card or Paypal.

    Catch my blog on daily and weekly specials.

    February 9th, 2010 at 3:52 pm

    Shaun Pilfold

    Wow, a commercial after a commercial ­čśë

    February 9th, 2010 at 9:25 pm

    Elliot

    Free commercials at that!

    February 9th, 2010 at 9:26 pm

    Borat

    I buy many of best domain at Howard and he makes for the good domain with lots of letters. He has special reward for long members.

    February 10th, 2010 at 12:58 am

    NetJohn

    Free commercials you say….how about free domains (with big resale upside) with zero annual renewal fees….now dat would be something…Ay ?

    February 10th, 2010 at 11:56 am

    How To URL

    Elliot, Did you see this article in MediaPost about the worth of domains for media campaigns? Your take may be a good blog entry. MJ

    mediapost.com/publications/?fa=Articles.showArticle&art_aid=122187

    February 11th, 2010 at 1:06 pm

      Elliot

      @ How

      I did see it and Mike Berkens had a good article this morning.

      February 11th, 2010 at 1:08 pm

    ActNow

    Elliot,
    The other point you have to take into consideration is that the AMEX fee is built into the selling price.

    If anything, NameMedia should give you an ADDITIONAL discount when you pay by wire.

    1. The cost of receiving the wired funds is $ 10. or less.
    2. They have immediate access to the funds.
    3. Generally, the wired funds can not be reversed.

    I find the reward points are not worth as much as having the actual cash in my pocket. You are paying for those points.

    Cash is still king.

    February 12th, 2010 at 9:35 am

    Elliot

    @ ActNow

    Although I agree with you generally speaking, I negotiate the best price before they know how I plan to pay. I could possibly come back and ask them to lower the price by 3% if I pay by wire, but I haven’t tried that approach.

    BuyDomains is unlike many other companies that charge an additional % or fee to use credit cards.

    February 12th, 2010 at 10:01 am

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