Are you interested to know about domain flipping? Are you looking for making money by buying and selling domains? If yes, read this post to learn about domain flipping and how to make money by buying and selling domain names.
Firstly let us understand what is domain flipping. Domain flipping is all about buying and selling domains for profit. Since 2013, more than 200 million domain names have been registered. You will be surprised to know that a lot of these domains are still to be used. Most of these domains names are registered by domain flippers. They resell the domains to new buyers who are looking buy those registered domains.
It is learned that domain names like Hotel.com and Business.com have been reportedly sold for $11 million and $7 million respectively. Probably, making such money is indeed one in a million event. However, there is a good possibility of making good money if you choose to buy and sell domains as a part-time business.
If you are a beginner in this field, my advice would be to start with a small investment. You gain the required expertise in the field while investing as a newbie. Let me now guide you step by step on how to go about in this business.
A Step-by-Step Guide to Domain Flipping
Buy the Domain
Firstly set your budget. I would advise you to start with a small investment. You can go for a bigger investment as you gain more experience. Go Daddy is one place where you can buy domains. You can visit GoDaddy Auctions. You will find a section called “Closeout Domains” there. You will find a lot of old aged domains for sale. Find the one which you feel is saleable. While deciding, do some research on the SEO aspect of the domain name. Furthermore, check traffic, page rank, the number of backlinks, etc before buying the chosen domain.
Where to Sell the Domain
You can go to internet marketing forums like WarriorForum, BlackhatWorld, DigitalPoint, etc and open a sales thread. In addition to this, there are many places where you can sell the domain. Let us provide you with some popular domain selling platforms below
There are plenty more sites which deal in domain flipping. You just need to do some research and find a place where you feel comfortable.
Finally, I recommend you to think domain flipping as more of an investment business. This business is not a get quick rich cash scheme. Because Just like any other field of business, you need to gain experience to be a successful domain flipper. I hope, this post gives you a basic understanding of domain flipping business. Start with a small budget and learn the tricks of the trade before jumping in the big league. You need to put in a little effort and you will start earning a profit sooner or later. I welcome you in domain flipping business and best wishes.