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RE: How I Bought A $20 Domain Name and Sold It For $4500 Within a Week!
Misleading title, but very interesting article!
Do you have to pay someone for a registration fee each year to keep the domains in your possession?
Sorry you feel that way, it's not misleading at all... I purchased a casino related domain name for $20 USD and sold it for $4500 USD within the week. Since I can't discuss that sale, I can tell you about another sale that I used the same exact strategy with. To answer your question, yes; you pay a registrar like GoDaddy $8 - $15 USD annually to retain possession of your domain. This does not include acquisition price. Some domains have a floor price of hundreds of thousands, and some you couldn't give away.