Purchasing a niche website can be extremely lucrative for you. However, you need to make sure you’re purchasing the right domain name. I’ve found that it’s important to do a little research first.

Here are the steps I follow when determining whether or not I should buy that niche domain.

1. First, check GoDaddy.com (or your preferred domain registry) to see if that great domain name you just thought of is even available.

2. Use keyword tools to research your domain name as a keyword phrase to see what kind of natural search traffic you could possibly obtain. Here are a few free keyword tools:

Google Keyword Tool

SEO Tools

HubSpot (free trial for a limited time)

3. Make sure the Twitter username for your new site exists. You should also look into signing up with other social networks that you might use to promote your site.

Before you purchase your next domain, do a little research. Buying and operating niche websites can be a great business for you, but make sure you don’t pick up a non-productive domain. Otherwise, you may be missing out on a great opportunity to drive free traffic to your niche site.

What are some steps you follow before purchasing your domains?

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