AIM: Buy quality domains at low cost and sell them to prospective buyers at a profit where margin may vary significantly.
TIME to SETUP: 2 hours a week.
INVESTMENT: Minimum 10$. Ideal investment is 80$-150$.
PROFIT: Upto 10 times the investment or more depending on marketing capability.
One of the best aspect of this is that it requires minimal work. Unlike website flipping which requires constant updates. And the cost involved is minimal.
The domain flipping is a 3 step process:
1- Buy memorable, appealing domain names from registrars like GoDaddy.com
2- Find prospective buyers or list them on auctions at auctions.GoDaddy.com
3- Domain is sold. Repeat the process with the profit to create more profits.
Now the first topic which we will cover here is
BUYING A DOMAIN NAME
Warning: Always buy a .COM domain for flipping as a beginner. Never go for .NET or .INFO for domain flipping. Once you have your experience in the industry, you may try your hands on other TLDs(top level domains) for flipping.
Tips on choosing a domain name:
1- Always choose a .COM.
2- Choose a name that describes the niche you are targeting and does not need an explanation. For example, my domain name is domainexplore.blogspot.com which clearly indicates that I am hosting a domain related blog.
3- Keep the name short and simple.(3-4 letter words are hard to find and sell at high prices. 5-letter and plus begins to get cheaper).
4- Choose a domain name which is catchy and memorable.
5- Always prefer to go for the shortest possible name. Long name do not tend to do well in the industry.
7- It is very important to avoid trademark infringement. The domains may be available for registration but once you register them and discover that the domain infringes a trademark, you are going to be in big trouble.
8- Avoid hyphens and numbers as these domains don't sell well. You may invest in them and then get stuck with it finding no prospective buyers.
9- Misspelt names are always a risk. Either they go for a high price or no price at all. The odds are usually against it.
10- Most of the single-word domains are already taken and you won't find them for less than multiple thousands of dollars. So be creative. Use a combination of two words to find a suitable name (eg. YouTube, Microsoft, SEOmoz etc)
11- Register for a short period of time if you are doing it with a view of flipping it.
12- Buy Geo domain names(domain names targeting a specific geographical area) to target specific geographical dependent niche. They are easy to flip and you may make a decent income out of them within no time.
Now that you got an idea of which domain name to buy, you may go for searching an ideal domain name(which meet the above standards) to buy from domain registrar companies like GoDaddy.com
Most beginners go for buying 10-20 fresh domain names to flip. It may cost a total of 50$-100$ to buy them if you use the coupon code or avail the discounts on the website.
Secret domain selection
Now here is a catch while selecting a domain. In the search for finding the best domains available, the easiest route to take is exploring the expired domain listings(domains which were previously owned but not renewed).
These types of domains are far more appealing to buyers and sell well due to the fact that they already have an existing traffic, a page rank, backlinks and a certain age(they have been operative for quite a long time) which adds credibility to it.
These types of domains are far more appealing to buyers and sell well due to the fact that they already have an existing traffic, a page rank, backlinks and a certain age(they have been operative for quite a long time) which adds credibility to it.
Resources for EXPIRED DOMAINS
SELLING A DOMAIN NAME
1- Listing on online domain auctions
Listing on domain auction sites is the easiest way to sell a domain. You just need to create an account with the site and list the domain which which you want to sell. One of the best domain auction marketplace I have ever discovered is auctions at auctions.GoDaddy.com
They give multiple options as to how you would like to sell the domain.
a) 7-day public auction - In this, the domain is listed for minimum offer price and the auction runs for 7-days. The highest bidder at the end of 7 days wins
b) Offer/Counter offer - In this method, the domain is listed for sale at a minimum price and people bid for it with a price greater than the minimum bid. It is up to the seller whether he accepts a particular bid or not. The bid expires after 3 days.
c) Buy Now - It is the price at which seller is willing to sell the domain. It is the exact price with no negotiation involved.
d) Offer/Counter Offer with Buy Now - In this, offer/counter offer is accompanied by a buy now price at which a bidder can buy the domain instantly.
It is the best marketplace I ever found to sell my domains.
Another good marketplace to sell your domain is flippa.com but they charge a listing fee in advance before listing any domain.
They give multiple options as to how you would like to sell the domain.
a) 7-day public auction - In this, the domain is listed for minimum offer price and the auction runs for 7-days. The highest bidder at the end of 7 days wins
b) Offer/Counter offer - In this method, the domain is listed for sale at a minimum price and people bid for it with a price greater than the minimum bid. It is up to the seller whether he accepts a particular bid or not. The bid expires after 3 days.
c) Buy Now - It is the price at which seller is willing to sell the domain. It is the exact price with no negotiation involved.
d) Offer/Counter Offer with Buy Now - In this, offer/counter offer is accompanied by a buy now price at which a bidder can buy the domain instantly.
It is the best marketplace I ever found to sell my domains.
Another good marketplace to sell your domain is flippa.com but they charge a listing fee in advance before listing any domain.
2- Parking your domain with Sedo.com or Afternic.com
This is the best method to sell your domain while generating simultaneous income from it. When you park your domain with either of these services, your domain gets exposed to a community of prospective buyers. The chances of selling your domains increase a hundred times.
1- You may enable ad support on your page which when clicked generates a certain revenue for you. The revenues per click are small but they get added up to generate an amount greater than the price of the domain. Thus, even if the domain doesn't sell (considering the worst case scenario), you are going to break even.
2- You also get a constant report of the traffic rolling in to your domain.
3- It provides a free landing page with ads and 'This domain name is for sale' option with the price and the type of listing you have opted for and all the payments are processed by the company. You only need to pay a small commission out of the profit after the final sale is done.
3- It provides a free landing page with ads and 'This domain name is for sale' option with the price and the type of listing you have opted for and all the payments are processed by the company. You only need to pay a small commission out of the profit after the final sale is done.
4- You can customize the landing page and have the theme you like.
Thus, parking with sedo.com is the best option one can opt for in the industry of domain flipping.
Thus, parking with sedo.com is the best option one can opt for in the industry of domain flipping.
3- Domain is sold. Transfer the domain to the buyer
When the domain is sold either of these ways, the concerned company sends an email prompting the owner to transfer the domain to the buyer. Just follow the instructions and transfer the domain.
Once the domain transfer is made and confirmed, the intermediary company transfer the funds to your account.
WARNING: There are many scams related to this domain transfer. Fake emails are sent asking to transfer the domain in a particular name. Beware of it. Confirm the email first and then proceed with the domain transfer.
So what are you waiting for?? You are now trained!! You may start finding the domain which you can sell for good profit. Buy some 10 of them and try to sell them. When you are done with them, go for more domains.
WARNING: There are many scams related to this domain transfer. Fake emails are sent asking to transfer the domain in a particular name. Beware of it. Confirm the email first and then proceed with the domain transfer.
So what are you waiting for?? You are now trained!! You may start finding the domain which you can sell for good profit. Buy some 10 of them and try to sell them. When you are done with them, go for more domains.
Ultimately, when you generate enough profits, go for bidding in auctions and forum and then sell them for much higher prices.
Make Money Domain Flipping.
Make Money Domain Flipping.
Good Luck!!
No comments:
Post a Comment