Based on luck, strategy , and business savvy domain flipping can be one of the more lucrative ways to earn a living online. The term comes from the real estate trick that involves buying old, undervalued houses then fixing them up to make them more attractive and modern-looking and selling them for a much higher price. With some research alongside trial and error, certain flippers manage to snag under managed websites with a name that is somewhat recognizable for a low price tag. The average price for a website that is being sold varies from around a hundred or so dollars to a couple of grand, depending on how good the name is. They buy the site, hire some freelancers to touch it up a bit or to give it a complete overhaul, then sell it for a lot more than it was bought. I remember seeing somewhere a website obtained for 1000$ in 2005. They took it and updated it until it was perfect then sold it 3 years later for a whopping 175000$. Thats unheard of in any other online market. Here are some tips to get you started.
There is a lot of domaining info out there on the web so don't overwhelm yourself. Take it step by step and learn so that in the future there will not be a need for a guide.
This site is the perfect starting point for anybody just getting started. You can buy, sell and advertise all on this site so register first chance you get. Also on this site is an email with some of the top domaining related news and offers. Register and verify your email then its on to the next step.
With the domaining.com login you have access to these following sites:
Get familiar to these and then move on to finding popular niches. Start by paying attention to Hollywood and the trends that are in. Domain blogs hold the key to finding the hot domain niches so staying updated is key here.
This is the next recommended site. Along with this site find some more domain report websites to find out what has been selling and the current niches that are trending. I can not stress this enough.
Get your feet wet by appraising some domains in order to get the feel for the process. Do not rush in to buying anything when appraising the first time. This should be used for informational purposes only at this stage of the process.
This is another key website to keep bookmarked. They have auctions as well as buy now names. Overall a good site if you are domain flipping.
Suggested Domain Name Registrars
namecheap.com 9.99 a year
1&1.com 14.99 a year
godaddy.com 11.99 a year
gandi.net 16.85 a year
Each of these are good for their own reasons. You will need to find the one that fits you the best. Surf through them all and get a feel for the layouts. When you find one you like you will know it. Just be careful with the upsells and secret fees.
These are auction sites. Scan through these to find prices, compare names, popularity among a lot of other vital information.
Registering domain names is one of the last steps needed to become a successful domainer. Some examples of good names would be location specific names.
Oaklandnightline.com
sanfrandoughnuts.com
losangelesracecars.com
Those are just examples but you get the point. One word domains are profitable. Microphone.com salutation.com stuff like that. Just a single word followed by .com or .org. Dont limit yourself to .com .org .net all of these can net you big, so play around with them. Make it roll off the tongue. Try and find niches ignored by the masses. The less searched names sell the highest, you just gotta find the right niche and focus on your choice.
namejet.com is a clearing house for domain names. Expiring domains are stacking up each and every day. Whether they forget to renew it or they have no money for the renewal, there are thousands of names expiring every day. Namejet receives these names and places them in auctions on the site in order to turn a profit on these expirations. The beginning bid every auction is a little under 70 dollars. The process on this site is what sets it apart from the others. Since every bid starts at 70 and you are given a list of names 30 days before they go up for auction. So if you find a name you want and bid on it early, you will automatically win the auction if nobody else bids. The potential of scoring a good name cheap is outstanding.
Practice makes perfect when looking for domain names others will want. You gain an eye for this kind of thing. Just keep doing your thing and you will see what I mean. The trick is to pay the minimum because you want to sell it for at least half your initial investment. Once in awhile you will have to eat a loss or two but that's ok. All you can do is suck it up and try again. Shit happens.
The difficult part will be selling your domain. Anyone can buy one. Thats nothing. There are a ton more domains for sale than there are buyers so getting the Max exposure is a must. There are tons of marketplaces out there. Places to start are sedo.com godaddyauctions.com domain name forums and blogs. Like I said before these should just be a starting point. Max Exposure is required. Forums and blogs are a little harder but it is worth a shot. It can also give yourself exposure that way since its a little more personal. Post ads at all these places and you will be making that first sale in no time.
In conclusion, there is a little investment required in order to buy or register a domain but the ira. will be more than what you paid for. With enough hard work and determination this can be plenty lucrative. All its missing is you. Thanks for reading.
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