How to make money with Domain Flipping

How to make money with Domain Flipping

Have you ever own house or land which you flipped before?

Yes, then domain flipping have similar characteristics and that you can learn below

What is domain flipping?

Domain flipping is an act of buying a domain at a reasonable cost and then selling it for a significantly high price.

For Instance, You buy a domain with the name “Joeatwork.com” for around 10 dollars and then you sell it for like 50 dollars by booking a profit of 40 dollars.

Here you are not altering or doing any changes in the original name. You are just selling it as it is and secure your profit.

How to start a domain flipping

There are a few steps that need to follow to start domain flipping.

1.    Search and evaluate the domain

First and foremost step is to search the domain. This is a crucial step as you need to think like what if I will purchase this domain then will it sell. You need to be creative with the domain search

Searching a domain with value needs practice and eventually you will be able to identify those domain names which have the potential to sell.

Selection of incorrect domain will make your investment futile and they will be chances that your domain may sit idle so let your neurons grind here and select the best domain for you.

Evaluating the domain means checking the length, relevance and how easily it can be searched by the people also key factors in deciding the domain purchase.

2.  Register domain name

As you able to zero down on a domain name then quickly register the domain name. It is simpler process and won’t take that much of time and you will be able to easily register your domain name.

3.  Find Buyer

Finding a buyer need some strategies and efforts. Putting efforts and time in the right direction can yield results.

a.     Put it on an online marketplace like Flippa or Sedo where people will see and based on the domain name requirement they will place a bid and eventually you will find a buyer.

b.  Use Domain name to create a web page and promote that web page until you find a buyer for the domain.

4.  Sell Domain name

With the application of multiple techniques, soon you will be able to find a buyer for your domain and then you can sell that domain. Make sure that sale take place in the environment where you don’t get scammed.

Is domain flipping still profitable?

Domain flipping profitability depends on several factors like

• Good Domain name

A good domain name is that which able to struck a chord with the buyer. Let’s say that you have a domain name ‘funwithjoe.com’ and multiple people are searching for the same then you can make money out of that so brainstorming on a good domain name is quite essential.

• Right Buyer

The right Buyer is who able to gauge the value of the domain and identify its worth for future prospects. Such a buyer will eventually buy the domain at a good price.

• Promotion Strategies

Promotion, as mentioned earlier, is vital to make this as profitable. If you have domains and they are not promoted in the right way then you may have to face losses if they aren’t selling so investment in the promotion strategies is the need of the hour.

•  Number of domains

Being an owner of one domain name and banking on it for the profitability may take time to incur. You need to diversify your domain name portfolio and then invest in multiple domains to raise profit.

Let say you have 100 domains bought at 1 dollar and then sell it for 20 dollars each then your profitability potential will get zoom.

Therefore if you think that anything is missing in the domain flipping then you can comment below or connect with us at teamblogger20@yahoo.com.