Make Money Flipping Domains

Buying and Selling (Flipping) Domain Names

 Domain flipping is one of the most profitable investments on the Web. When executed properly, individuals can earn reasonable profits from a small investment. More importantly, this business venture does not require too much effort.

What is domain flipping? Domain flipping is the act of buying domain names at a lower price and later selling them at a higher price to interested parties. Domain names are characters that conveniently direct people to a website. The following steps are necessary to start domain flipping:

Flipping Domain Names

Search For a Domain Name

As you may already know, the ultimate goal of domain flipping is to earn profits. Therefore, it's advised to identify domain names that have the highest potential. That way you can flip it and move to the next one. However, to achieve this you must research and evaluate your options.

Most website owners want an unforgettable domain name. They want a domain name easy to remember and brandable. So you must find a concise domain name customers can easily remember. Factors that can make a domain name valuable include:

  • Length of domain name
  • Relevance of the name
  • Brandability

Avoid domains with special characters including hyphens or underscore. These characters might hinder your domain from getting ranked by search engines which is bad for business. Domains with copyright are out of the bond. Copyright means an asset belongs to someone else and all rights are reserved. Getting domains with copyrights might get you in legal trouble you didn't plan for.

Keep in mind, you can always view the previous history for the related domain as yours and see the prices they were sold at. This will give you a better idea of what must be done.

Registration of Domain Name

There are several websites on the internet offering inexpensive domain names. You can purchase a reasonable domain name anywhere between $8 - $200. Eight of the cheap resources are:

  1. Bluehost
  2. Domain.com
  3. Dynadot
  4. Hover
  5. GoDaddy
  6. Google
  7. Domains
  8. Namecheap
  9. Network Solutions

The registration process doesn't take much time. The domain name can include extensions. Extensions will increase the chances of selling the domain name faster. It's advised to pursue top level domain extensions. The three top level extensions are .com, .org, and, .net. The most recommended domain extension is .com. Domain names with .com extensions are known to be the most (popular) than any other extensions. Most people are used to websites with .com extensions thus cause it to be the most popular. You can use other extensions like .org or .net which also sell, but the probability of selling .com is higher than .org.

Search and buy domains from Namecheap

There are different domain names, namely creative domain names and auctioned domain names. Creative domain names serve the purpose of catching people's attention. These names are easy to remember but make sure you don't extend the creativity too far, making it hard to recall the name.

Sell the Domain

The last step involves selling the domain name. It's the most difficult, but most crucial phrase throughout the entire process. If you want to make a profit, then you need to find potential buyers who are willing to buy the domain at a higher price. Therefore, you must strategize.

One strategy that requires less effort is the buy-hold strategy. This method involves sitting on the domain, waiting for buyers who are interest to contact you. You can also create a landing page for your domain as a way of advertising to make it more appealing to potential customers.

Or, you can list your domain at an auction. This method is of course the most popular. In addition, its the fastest way to sell a domain. Auctioned domain names have high competition chances and are put on sale at cheaper prices. If a domain name stands high chances to sell at a higher price in the future, then it is advisable to buy them.

When it comes to business, it's critical to avoid hiccups. Therefore, it's advised to use a professional service for transfer of ownership to assure a smooth process. That way the buyer gets what they want and you get what you want. When you get a buyer, they make payments and ownership is transferred with their registration.

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