Domain flipping is the process of buying a domain name with a few bucks and selling it above the purchased price for a good profit.
Domain Parking is one of the most popular and profitable online businesses that has been existing since the beginning of the internet era.
In this article, I am going to illustrate how to start domain flipping business from scratch and then state the steps to make it profitable.
The definition of what is domain flipping is no more restricted to only domain names. Buying and selling websites for profit has become an integral part of it.
In other words, you have to buy a profitable domain name, nourish it to make it a piece of gold, and sell it like a big diamond.
In this domain flipping guide, you will get all the strategies you require to pick the best domain names, methods to turn them into gold, and how to sell them to make crazy money.
Flipping Domains for Beginners
First, let us see the potential of this business from some recent past transactions.
According to Wikipedia, mi.com was bought by Xiaomi for 3.6 million dollars in 2014, porno.com was sold at 8.8 million dollars in 2014, and something as basic as insurance.com was sold at 35.6 million dollars which is the most expensive domain name ever sold.
Hundreds of domain names are being sold every minute for a huge profit, and you can check Flippa-Most Active to get an overall idea.
Now that you see the potential of the business, it is time to know the exact process. Broadly, there are four ways of making money in domain flipping.
#1) Tradition Domain Flipping – One buys a fresh domain name and starts selling it almost immediately through an auction on domain flipping websites.
It helps one to make a quick profit which is five to ten times the purchase price.
If you can write a great sales pitch and show the bidders the potential of the domain name, you can make more easily.
#2) Modern Domain Flipping – Instead of selling a domain name immediately after buying, one can nourish it and sell it when it grows big.
Once you buy a domain name, you need to get quality backlinks and put up some SEO-rich content on the homepage so that Google and Alexa page rank of the website goes up.
The higher it goes, the more valuable the domain name becomes. Once it reaches a respectable position, you can set it out in an auction and get a very high value.
#3) Make Money With Domain Parking – In this process, one needs to buy an expired domain name or a fresh domain name which gets a lot of direct traffic.
For example, yahoo.com is something that many people type in the web address bar to go to the website. Some people type yaho.com as well by mistake and hence, if you buy a domain name with yaho.com and place some advertisement, you can get some money from page views all over the world.
Similarly, an expired domain name of some repute always gets direct traffic and if you put up some advertisements on the website, you can draw some revenue from them easily.
DomainApps.com – It is a useful website where you can find relevant text that you need to insert in the body of the homepage when you park a domain name.
Then add Google AdSense or other CPV(cost per view) ad segments and earn money from them.
Sedo and GoDaddy are the best platforms for domain parking if you do not want to do it yourself.
You need to be their paid member and avail domain parking service to park domain names and get benefits from it.
#4) Make Money Flipping Websites – In this process, one needs to put in quite a good labor. The value of the labor invested in this process will be unimaginable. Before purchasing any expired domain name, it is important to check its ranking, age, direct traffic, and backlinks. If you believe that you can sell it for a higher price than what you are buying it for, then go ahead and make the purchase.
Flipping expired domain names can be done in three ways:
1. Buying and selling immediately through auctions.
2. Parking the domain and maintaining the website as is.
3. Adding value before selling through website flipping.
To find expiring domain names for cherry-picking, visit Namejet. Use Whois to get the contact information of the domain owner. Auctioned domain names can be found on sites like Flippa, where you can buy them at a low price and see their potential for future profits.
Using automated domain flipping tools can help generate domain name ideas easily. Tools like NameMesh, Domainr, Lean Domain Search, BustAName, Panabee, Impossibility, and NameBoy can assist in brainstorming and finding creative domain names.
Running a domain flipping business can be a successful side venture, with many organizations earning significant revenue from it. Building a domain name portfolio involves investing in various types of domain names and deciding when to sell for profit or hold onto for increased value.
When selling domain names on platforms like Flippa, it’s crucial to showcase the value of the domain through a strong sales pitch. It’s important to follow strategies to attract potential buyers and secure a profitable sale. In order to demonstrate the future potential of domain flipping, it is essential to highlight the following factors in your sales pitch:
1. SEO value: Emphasize how the domain name can attract organic traffic and improve search engine ranking.
2. Page rank parameters: Showcase the domain’s current ranking and potential for improvement.
3. Traffic information: Provide data on the existing traffic to the domain and how it can be increased.
4. Usage potential: Explain how the domain can be utilized to generate revenue or serve a specific purpose.
5. Competitive pricing: Compare the domain’s pricing with similar domain names in the market.
Additionally, consider investing in services like web traffic generation to boost visibility on platforms like Flippa and obtain an estimated price certificate to enhance the domain’s value. By utilizing these strategies and alternatives like Sedo.com, Godaddy.com, and DomainNameSales, you can maximize the profitability of your domain flipping business.
Overall, domain flipping presents a lucrative opportunity for individuals and organizations to generate significant revenue. By treating it as a side business and investing wisely, you can potentially transform your financial future. Please feel free to share your valuable comments below and remember to share this article with your friends.
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Article by Gaurav Jain
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