How To Make Money Flipping Domain Names!
In the online world, buying and selling domain names has long been a lucrative business. In a lot of ways, it’s become like trading in commodities or stocks.
Pick the right ones, and they can pay off big time!
Registering the right domain name at a relatively low cost can easily turn into a solid investment. It can earn you a generous return, usually within a short period of time.
The key is buying the right domain at the right time.
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In some cases, these domain names are sold almost immediately, and in other cases, they are held for months or years to obtain the highest profit possible.
There are risks involved, and many domains you buy may just end up collecting dust.
However, there is no reason an average business-minded person can't learn the skills necessary to build a full-time income, or even a small fortune fairly quickly.
There is indeed a LOT of money to be made as a domainer.
Here are some tips to help you start buying and selling domains for profit:
1. It takes some time, effort and money
Be prepared to be in the game for several months, or even years.
The secret to success is timing and patience.
To start, you may want to purchase some domains to flip quickly for a nice profit.
Then reinvest some of that profit into more domains, and keep doing the same thing. You’ll also want to look out for high profile names to buy and hold.
Just like stocks, domains may be worth little or nothing now, but can build value based on what happens later in the marketplace.
2. Look out for expired domains
These days, there are THOUSANDS of domain names expiring every day, for various reasons.
Someone may have purchased a domain with particularly good marketing value, but never used it the properly.
Others may own domains for companies or businesses that shut down, so they let them expire.
In any case, it’s a good idea to watch out for expiring domains as they come along, keeping an eye out for hot opportunities.
An easy way of doing this is to use one of the many free online services like NameJet.com
Many registrars like GoDaddy also run auctions for various domains. Some also allow you to purchase domains in bulk, such as NameCheap.com
3. Know your selling strategies
Oftentimes, the best way to sell domains is to just point them to a splash page that has a “for sale” sign on it.
Provide contact information, and let interested parties contact you to make an offer.
Decide on your minimum selling price before promoting a domain in any way..
It will streamline negotiations, and help you turnover domains quickly.
Some other domains that have a mass appeal or value to a particular industry may be better off being sold at auction.
Check GoDaddy or other sites for auction selling services. Ebay also has a section for domain auctions, as does Flippa
4. Look for names with value
Always be on the lookout for domains that appeal to potential customers.
Be creative when shopping for domains
Just thinking “outside the box” can often get you a valuable domain that other domain buyers miss.
When shopping for niche domains, look for new angles and wordplay to find potential winners. Get a few quick flips under your belt before going after the bigger domain fish.
You’ll quickly learn more tricks and strategies as you go along. Domain name flipping truly is one of the most lucrative online businesses you can participate in.
Want to become a domain name tycoon?
These courses are based on 15 years of real-world experience in the domaining business and are HIGHLY recommended!
