Domain Flipping Business

Get ready to sift through list upon list of domain names. If you haven't yet get your butt over dnforum . com. Back when I did domain flipping was when the 4 letter .coms were a hot buy. Now they have come back down to earth. 5 letter pronounceable .coms are a decent flip because you can still find some available for reg fee then flip.

This advise I am going to share with you came from a guy I know that has been in the domain industry for a long time. He has made software applications that will pull list and filter list of domains by stats and many other settings. He has a site that will provide daily drops, pending deletes and available domains.

His advise to me when finding good domains to flip was to use the service through namejet. Namejet is the auction house for network solutions. Network solutions was the original popular registrar before Godaddy. Network Solutions has the domains that were regged before the .com rush. The reason namejet is a great place is because you will spend roughly $60 minimum to backorder a domain name. This weeds out most would be domainers. Secondly, you will have stiff competition on great domains but the moderate domains will slip through the cracks. Namejet is used mostly by top dog domainers with deep pockets. They will fight for the top domains but will leave most domains alone.

There are some diamonds in the rough if you look hard enough.

TheWinner, Domain Flipping is extremely profitable once you get through the long learning curve. I've been doing it for many years, as have many other full time domainers. The best place to really learn the business in my opinion is NamePros.com. There's a goldmine of real-world experience and advice from domaining professionals.

Don't sell yourself short. I always open my price @$997. I do accept $100 offer when the domain doesn't have that much prospect. Here is something to consider with my strategy. The higher your opening price, the higher offers your will receive (price). This is good, you eliminate non serious bidder right away and get more money coming in your way. Using this alone, I get an average of $200-300/domain sold.

Gene is "The Man" on domaining. If you only listen to one person on the subject, he's the one.

exactly what CD said!

head over to the war room and check out his kick
ass 10 step plan!

or you could check out the link in his siggy... i've not
checked it out. but it says you can start at $1.

and trust me, his material would be worth 10000 times more!

Thats gonna be a tough area of business. Most of good meaningful names are taken. I did try that for a while made few bucks only to make little profit.

I personally would prefer site flipping.

I hear all the good waterfront properties are already "taken" too. I guess there's no money to be made there.

You cannot compare waterfront properties to domain names. Compare apples to apples. Domaining is not easy to do and it take a lot of attention to niches, what sells and what does not. Very easy entry but you can lose your butt quick if you don't know what you are doing.

You cannot just go register garbage and think that someoene will buy it. When I was in my peak of domain selling, I was doing an average of $5,000 per month (peanuts with regards to domain name sales) revenue trying to "flip" these names for profit. In order to make a decent profit you need to get really good names (read pay more than reg fee) or do huge volume selling for pennies on the dollar profit. That is what I was doing (on eBay). It's tiring and time consuming. I have decided to stop actively selling and pursue building revenue generating sites. We'll see how that goes. Gene if you have a secret I would be interested in hearing it. Please PM me!

I think it's still available, but Gene has a good free domaining ebook in the War Room, if you are a member. Very well written and I agree ... namepros.com is the go to forum for domaining.

I've sold some domains at great prices ... I mostly flip sites, but will flip domains as well when I have a good domain to flip.

Nothing that is rewarding in life is ever easy. Take the bull by the horns and run with it.

Gene -- yes very tiring that is why I stopped. I had to keep a constant stream of auctions running to see profit. Don't get me wrong I would see some healthy profits. I also had to promote them so it was not a set it and forget it method. I had to post NamePros, etc about my ebay auctions and other places.

I got fed up (I am not a FT IM'er/domainer) because it was taking too much time and my other ventures needed more attention.

I dumped alot of my portfolio and kept about 300-500 domains that I want to develop into autoblogs or similar. I have never flipped a website and thought about trying that. I do have a lot of aged domains so this may be an option.

Jim

Gene, say you own "arizonahotels.com" or "loseweightexercices.com". What would be your approach to sell these?

Note: I don't own these, but I do own some major dot com's in pt language, more then I can handle to tell you the truth, and love to know your advice on this.

Thanks

Fernando,

In the domain flipping business, it's a MUCH more successful approach to register domains that you've already researched and determined has the right qualities and a large pool of prospective buyers.

When you take a domain you already own (one that wasn't researched first) and thinking "how can I sell this domain", that's doing it backwards.

That being said, an effective way to sell any domain is to do a search in Google for the exact words in the domain, in quotes. In your example, search for "arizona hotels" and "lose weight exercises". Create a list of prospects from all the sponsored ads you can find. These are people targeting and paying for the exact keywords in your domain name, and will be prime candidates for potential buyers. Then its up to your own presentation and negotiation skills to approach each one individually, letting them know your domain contains the exact keywords they are currently paying for with Adwords.

That's just one approach. There are many, many other ways to sell domains.