Domain Flipping What Is It?
Domain flipping is about buying and selling domains and earning a nice profit for all of your hard work. If you can quickly sell the domain after purchase, then kudos to you.
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Suppose you are a real estate investor and you bought a piece of property and after a month or so of not adding any value to the land, you sell it for a significantly higher price than the amount of money that you paid to purchase the property. Now, suppose you did the same thing to a domain name? Get the point?
If you have a domain portfolio, then you can sell the names if you put effort into seeking out end users and gathering great data for interested parties.
You can auction your domain names at a domain marketplace like Flippa.
You have many factors that you can use when measuring the success of your domain flipping endeavors. For instance, how quickly you sold the domain from the time of purchase to selling to an end-user.
How much profit you made from buying to selling the domain or satisfying the needs of your end user.
As you know, there are various magnitudes to success, and the most important is the success of maximizing your profits. In this post, I will discuss the ingredients to flipping domains.
Follow Keyword Trends
Trendy keywords are useful when trying to maximize your domain flipping success.
You have to stay abreast of trends and other opportunities that others may not yet know when you seek that moment to flip the name.
In like manner, you will have to stay focused on researching different domaining ideas for your flipping business.
If you come up with a list of current and up to date keywords and you are meticulous and thorough, then you should purchase the domains under those keywords.
Flipping domain names is an intimidating adventure at times. You are competing with thousands of zealous domain flippers across the earth who are seeking to obtain a great deal and combing through potential domains for an even better bargain.
A lot of people believe that there is a guide with all the secrets to domaining. Yes, there may be a guide with all the ins and outs of flipping, but a good chunk of information that you will find is trend information and consumer proclivities that will show you the present state of trends.
Achieve Quick Results
Time is crucial when flipping domains and even more so when flipping is your full-time income source.
You have to get yourself in front of the line in flipping domains, if you are relaxed about it, then yes you may get the sporadic deal which is cool if you are flipping domains in your spare time for passive income, then that is cool too.
You can achieve quick results when selling domains by analyzing all pertinent data and including the data for the potential buyer when it is time to sell so that all information is transparent, thereby increasing your potential for a nice profit.
The most proficient way to do this type of flip is to pick a clear-cut industry that you know which will help in your research when you are browsing for domains to buy and flip. As stated before, you have to jump in front of the line to make those coins.
Yes, consumers can find your domain or website by chance but that avenue will take a great deal of time, and you know the saying “time is money.”
As it goes the more time you waste the more income possibilities will fly away.
Analyze the Traffic
The solution is straightforward, and that is traffic is an essential aspect of conducting business online. Gauging traffic is a complicated subject for rookie domain flippers.
Traffic for domain or website flippers is a notion that quite a few flippers don’t take into consideration while they are in the process of flipping their domains.
A lot of people take the approach of Kevin Costner’s character in A Field of Dreams, “If you build it, they will come” attitude and expect people to find them serendipitously.
Anything on the internet from cupcakes to laptops always has some form of traffic.
You’ll have to employ online tools that will give you pertinent website/domain traffic statistics and other sufficient website/domain data.
Thereby when you promote your domain at auction sites or your selling market of choice, you can include the traffic, page rank, and other important data in the auction.
If you own a domain or a site, then these snippets of data in all probability are pivotal in determining to see if your alterations and plans are coming to fruition in traffic growth.
Flipping Domains Can Return a Nice Profit
The earnings from domain flipping have the potential to be quite lucrative, particularly if the name already has an existing site attached with the domain name.
Along with this type of flipping, search engines like Google will have rankings on the site and display the ranked pages in their search results.
Once the end user purchases the site, they will then improve the website for a better position on Google and other search engines.
It is not uncommon to take a $15 domain and turn it into $5,000. As expressed earlier, you will have to explore and gather all pertinent information about the domain.
Earning huge profits from domaining is not uncommon, there are a few cases where a domain name has helped make a domain owner a healthy return.
One success story that I can think of is Chris Clark who sold his domain pizza.com for $2.6 million.
He paid a small amount to keep it registered each year. Maintaining the registration for pizza.com helped turn him into a millionaire.
All Things Considered
For the most part, as soon as you are past your domain flipping learning curve and are proficient in inquiring into different trends and which niche domains are selling, you will increase the success of your domaining business.
The domain flipping industry is a fascinating and entertaining way to establish a nice profitable business from the comfort of your home computer.
Do your domain research and choose a good niche market, investigate what is trending in the market, create a website to get rankings and flip that domain.
Becoming successful in anything you do (especially this industry) takes a lot of hard work, determination and ambition. You will hit walls and you will fall flat on your face multiple times. There is no get rich quick. There are no lottery tickets. In short, you don’t become a surgeon just by holding a scalpel. You have to earn it.