Flipping Domain Names For Profit
Posted 25th March 2016 at 08:55 AM by luciesmazanska
Tags domain name, flipping domains, profit, sell domain
In the digital world, we live in today, having a website for any type of business, product, or service is essential. When creating a website, one of the most important components is the domain name itself. To get the perfect domain name, businesses are often willing to pay a lot of money for domain names that are directly related to their company. Hotels.com, for example, sold for a stunning $11 million dollars.
While you may not be able to get your hands on a multi-million dollar domain, you can actually find domains for cheap that you can resell to businesses for a profit allowing you to quickly and easily generate income online. This entire process is known as domain flipping.
The Basic Principles Of Flipping Domains
At its core, flipping domain names is the process of purchasing unused domain names for a low price and then finding buyers that need those domain names so you can sell them. If you purchase a domain name for $8, for example, and you are able to find a business that can use that domain name and is willing to pay $100 for it, that is a huge 1150% increase! By repeating this process often you can generate a lot of income by flipping domain names for profit.
Which Domains Should You Purchase?
When looking for domain names to buy for flipping, there are a few different ways to approach buying and selling. On one hand, you can purchase domain names that may have high potential branding value. Since there are a limited number of .com domain names left, finding short names can be very profitable.
If you are able to find a short domain name that has high brand value, holding onto it and selling it to a new startup could be very popular in the future. EBet.com is an example of this; originally purchased in 2006, the domain name sold for $1.5 million in 2013 because it was a very easy name to build a brand on.
Another way to approach purchasing domain names to flip for profit is to focus on small sales. Waiting for a huge domain name to pay off could take a while but purchasing domain names that are related to cities or states with specific services such as TexasRealEstateAttorney.com may be able to be found at low prices. With the right sales pitch, you can easily convert domain names like that to a local lawyer for a few hundred dollars resulting in a nice profit.
Read More: How To Get 10 000 Visitors To Your Blog And Earn From It! (TopSecretMethod)
While you may not be able to get your hands on a multi-million dollar domain, you can actually find domains for cheap that you can resell to businesses for a profit allowing you to quickly and easily generate income online. This entire process is known as domain flipping.
The Basic Principles Of Flipping Domains
At its core, flipping domain names is the process of purchasing unused domain names for a low price and then finding buyers that need those domain names so you can sell them. If you purchase a domain name for $8, for example, and you are able to find a business that can use that domain name and is willing to pay $100 for it, that is a huge 1150% increase! By repeating this process often you can generate a lot of income by flipping domain names for profit.
Which Domains Should You Purchase?
When looking for domain names to buy for flipping, there are a few different ways to approach buying and selling. On one hand, you can purchase domain names that may have high potential branding value. Since there are a limited number of .com domain names left, finding short names can be very profitable.
If you are able to find a short domain name that has high brand value, holding onto it and selling it to a new startup could be very popular in the future. EBet.com is an example of this; originally purchased in 2006, the domain name sold for $1.5 million in 2013 because it was a very easy name to build a brand on.
Another way to approach purchasing domain names to flip for profit is to focus on small sales. Waiting for a huge domain name to pay off could take a while but purchasing domain names that are related to cities or states with specific services such as TexasRealEstateAttorney.com may be able to be found at low prices. With the right sales pitch, you can easily convert domain names like that to a local lawyer for a few hundred dollars resulting in a nice profit.
Read More: How To Get 10 000 Visitors To Your Blog And Earn From It! (TopSecretMethod)
Total Comments 2
Comments
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Thank you so much for sharing your information. I am new at flipping and i am reading everything i can on the subject. It was very helpful.Posted 9th April 2016 at 09:03 AM by flipeverything
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you are welcomeQuote:Originally Posted by flipeverything
Thank you so much for sharing your information. I am new at flipping and i am reading everything i can on the subject. It was very helpful.
))Posted 12th July 2016 at 12:54 PM by luciesmazanska
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