How To Make Money From Domain Flipping
by Gorav H. Digital Marketer and Pro. BloggerHow domain flipping works
When you try purchasing a domain name from a domain seller, you might be given a bulk price option. It is quite logical for you to think that buying in bulk and selling individually might help you make more money but that’s not entirely true. The principal idea behind domain flipping is buying at reduced price and selling at higher price. But there are few things to know before you get into the business of domain flipping.
1: Research
Buying any domains in bulk and selling them will not get you any profit. As it is not possible for any individual to buy and sell all the domain names in the market. The entire dollar will not be enough for that. So you need to do some research and find out which keywords has more search quires. You can do your research using any keyword research tools or Google Adwords keyword Planner. Find out keywords which have the potential to make money.
2: select domain names
Now after you have found the keywords, choose domain names which are related to the keywords. For example, if you think iPhone is going to be a big market in future (it is already, although this is just an example) purchase the domain name iphone.com or iphones.com.
But most often iphone.com will be long gone, so you should find domains related to it, like iphonerepair.com, iphoneapps.com etc. This is going to be a long process because you have to try many different combinations of domains to find a suitable one. Make sure the domain you choose is interesting and short, you can as well consider variations like iphonestores.com, iphoneapps.com etc.
You can join an Internet Marketing Course to know more on this.
3: purchasing
Here is the place where you have to invest a lot of money. You have to buy a lot of domain because you cannot expect to make a profit out of every domain name you buy. Sometimes you have to sell at a discount while in some cases you cannot sell at all. So in order to make a profit, you will have to purchase in bulk. There are people who purchase thousands of domain names. But you can also play with a small amount if you find really good domain names.
4: Auctions
This is the actual fun part. You will have to now publish your domain names at various online auction websites like GoDaddy, domain market, Sedo etc. what this website will do is that they will conduct an auction for your domain name for free in return for giving them a small commission when the domain name is sold.
Another advantage of domain auction is that you can set a premium price for your domain and before the start of the auction which will ensure that the domain name is sold at the highest price possible, also bidding will also increase the reputation of your domain name.
5: patience
Patience is the key. You will have to wait for months or even years to make huge cash out from your investment. You cannot expect to sell iphone.com 10 years back. Your investment will increase 10 times or even 100 times if you can wait and if you have done good research before buying a domain name.
You may not find a market for these domains at an expected price right away, but be patient and don’t reduce the price just because you can’t find the expected price right away. And don’t set your expected price too high. You cannot get 15 million (the amount for which sex.com was sold) for iphonerepair.com.
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Created on Dec 31st 1969 18:00. Viewed 0 times.