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Domain flipping is an excellent way for making money online. You can also turn domain flipping into a full time Business if you think or if you are making some huge bucks.
The idea behind domain flipping is to purchase low cost domains and then sell them at a higher price.
#1 – Don’t be afraid of Risks. Well you may ask whether spending 10$ or below for a domain is risky!? But, here I define ‘Risk’ as maintaining 100s of domains and selling them for a better and profitable price. You expect high profit, don’t you?
#2 – Choose a niche that you are familiar with. You can be aware about the unique names if you are an expert in the subject matter which in results in potential flip.
#3 – Spot the best domains out there. Search dozens of domain names every day. Get an idea which domain name will give you profit. Visit GoDaddy Auction, and see the domains in auction and what price they have.
#4 – Follow this order : .com > .net > .org. Of course, it’s obvious. The best domain name extension for site flipping is .com. You really need to brainstorm to discover unregistered .com! 😛 If .com is not available, move on to .net and .org.
#5 – Register expired domain names. Or I would say buy a domain that already has existing PageRank (PR). If you are lucky, it may have good PageRank!
#6 – Have some content on that domain name. Write some high quality posts and drive some traffic to that domain. If your domain is generic, then find the niches that are selling hot right now and prepare the content related to that niche.
If your domain is niche specific, then obviously you should write content related to that niche.
#7 – Be aware of all the latest tech news. Subscribe to all the popular and official blogs. Find the names of latest software, hardware, games, companies, products and so on.
#8 – Have accounts on all the top domain registrars. Yes! Keep it packed! I would recommend PowerHoster, GoDaddy and NameCheap for domain names.
#9 – Be aware of discounts and offers. Want to buy a domain for 1$ and sell it for 1000$ or 10K$? Then you must be aware of such discounts and offers. Powerhoster Provides $0.99 domain registration, GoDaddy promo codes are my favorite!!
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