Make Money Online Domain Flipping: Selling Domains, a Step by Step Guide.
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With this kind of business in mind, we need to know where to get the best ones.
And, the marketplace to sell it. Yet, before jumping into that nice idea running through our head. Take a pause and ask yourself these following questions:. Yes, ALL buying and selling businesses are potential to earn you profit. But you need to make right strategies to make it work and profitable. So, those questions above are very important and will serve as your map towards success. This is the first thing you will have to master. Be knowledgeable about where are the best sources of the good domain names that you can buy and trade later on.
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The reputation of your supplier matters. You can get it from them from domain registrars. For the complete list, click here. Search the domain name that you have chosen. Then, if it is available, you can buy for a few dollars per annum. In an event that the chosen name is registered to another person, find the owner to know if they will sell it.
These names are extremely easy to remember. While buying a domain, just imagine how the name sounds as a brand. Is it east to remember and can become popular? Common Words: Find domain names that use common words in the English dictionary. For example, thingsinindia. The name is simply a combination of common English words. Old Domains: If you come across old domains that are no longer in use, buy them immediately. These old domains or expired domains have history and some rankings on Google.
How to Make Money Online With a Website Or Blog
They would also have a history of traffic and dedicated visitors. The first rule in buying a great domain name is by avoiding those that already have been trademarked. Obviously, a well-established, reputed business with long history is not going to pay you a penny for similar sounding names. Worse, you may end up with a lawsuit. There is no point in registering a domain name like Amazon. Org since this global online retailer owns trademark for the name. Shortlisting a great domain name takes time.
As mentioned earlier, it involves several processes such as finding great keywords, expired domains, shorter domain names and studying trends. Once you have drawn a list of several domain names, finalize only three or four that show promise of demand in the market. Buy only these domains. Remember, it is myth that most buyers opt for. A company will usually opt for several matching names with different suffixes such as. But as I explained earlier, an established brand will never look for a matching domain name with a different extension.
You can make more money by selling a set of similar domain names with different suffixes to the same client provided they are new or wish to maintain exclusivity. After all, no organization or individual would want to share a domain name with rivals or other parties. A similar domain name with different suffix can prove disastrous to the buyer since people may be inadvertently directed to the matching, rival one. Buying matching domain names with different suffixes can sometimes prove cumbersome. Someone may already have taken one. Thus, the value of a domain you will buy for flipping drops drastically.
A business owner or individual will usually aim for exclusivity and reject a domain name that has already been taken albeit with a different suffix. A good way to buy cheap but excellent domain names is during sales and auctions, when heavy discounts are on offer. Generally, every major domain seller will have a regular sale or auction. However, you will need proper studies before buying at sales. Find out what domains will most likely be in high demand during the next few months or even a year.
Buying multiple domains with different suffixes can prove very economical during sales and auctions. You can sell them as a bundle to a single buyer looking for exclusivity. Understandably, this will require some patience and sufficient investment. Never enter the market with a couple of domains only, if you are serious about making money on this lucrative trade. Once you have adequate domains in your portfolio, look for the right time to put them up for sale. Some domains may have seasonal demands. Hence, selling them as a season nears will ensure you get a higher price.
Rather than offering a few domains, put the entire range on sale. This way, you generate more interest among buyers. It speaks a lot about your investment abilities as prospective buyers will know you are not a mere fly-by-night operator but someone rather keen on this business.
Rather than marketing your domains on a single platform, it makes good sense to offer them on various other websites. This increases visibility of your portfolio while offering clients to buy them from a reseller of their choice. Also, offer multiple payment options. Generally, domain sellers are required to provide details of their bank account. Instead, you can also opt to receive payments through PayPal and other channels.
GoDaddy , Big Rock and Namecheap are market leaders. But there are other websites too where you can list your domains for sale. This fear is even more real nowadays because many online businesses and startups are using the power of social media to connect to their target audience. But if you just weigh the pros and cons of having a domain name for your business solely, you will see that having a social media profile is just not enough.
You will also have to put in a considerable amount of time and energy to turn this idea into a profitable strategy as it is quite time consuming. Yes, domain flipping may require a great deal of practice and expertise but once you get the hang of it, you will be able to make quite a decent amount of money by flipping domains on a regular basis.
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Below are some great tips for newbie domain flippers that you might find helpful. Just like any other business that you would normally startup, you must first know your budget. In order to start a profitable business, take some time out to do financial calculations. It is always best to start off by investing a small amount of money and then move on to making a bigger investment once you are set in the field.
Selecting a profitable niche is very important when it comes to domain flipping. Having adequate knowledge in searching domain names is critical. It will help you with fishing as well as parking domain names. Carving out a niche for yourself will enable you to seek out prospective buyers actively who would be interested in the domain names you are offering. Before you park any domain names, you must focus on finding hot keywords that buyers would be interested in. The best way to make sure you get a good return on your investment is to pick a domain name with acceptable traffic, somewhere around 10, searches a month.
It is mind boggling how local search engine optimization has grown from a tiny market to a mammoth industry within a span of ten years or so. This is also one of the reasons why focusing majorly on local names is profitable. From doctors to pizza parlors to salons, everyone wants to see their business thrive on the first page of Google Search results with the help of target keywords. The best way to pick winning local domain names is to search for them at places like GoDaddy and Namecheap.
Yes, buying existing domain names can be profitable too.
Flip Domains: 4 Steps to Selling Your First Domain
Existing domains with a potential for profit can be found using Sedo. Make sure you pick domain names that have good traffic, backlinks and Google PageRank under 17 characters. Also, steer clear of existing domain names containing special characters or numbers because they are not likely to be sold.
Picking domain names by typing in relevant keywords on Namecheap has become increasingly popular. If you want to buy and sell domain names professionally, try using Millionaire Society. Once you have found the domain name of your choice, you can log onto Alexa. Many top-level domains, or TLDs, out there have the potential of being sold at top dollar rates. All you have to do is conduct thorough research in order to find all the good domain names you can park.
Even though generic domain names are usually taken, there may be some unregistered domain names. GoDaddy, Namecheap and Flippa. Keyword relevancy is not the only thing that matters when it comes to SEO. However, domain names that were previously used by other businesses usually have a lot of backlinks and a decent ranking on PageRank. Even though such domain names are usually about to expire, they are still worth a lot of money if they have a good number of backlinks and a ranking of five or more. Building a solid domain portfolio is not a piece of cake; it may take you several months or years to achieve this goal but it will definitely be worth it in the end.
When you are in the fishing phase, look at the potential of the domain name. Another common strategy used by seasoned domain flippers is to get hold of some high profile domain names and sit on them until they soar in terms of value. You can apply many strategies when it comes to flipping domains successfully. The three most common strategies are set price, auction, and make an offer. Another point of concern is to flip websites and not domains only. This is because many times a domain is worth far more with an established website than on its own.
Building a website has great potential because it has SEO value , potential and much more to offer to its prospective buyer. Domain flipping is not always about making quick cash. Sometimes you have to spend days in research before you make a profitable sale. Remember, it is better to wait for several months or years in order to sell a domain name for a greater profit than settle for normal profit.
Think of domain flipping as more of an investment. Flipping domains is not entirely free of risk. There are three types of risks associated with domain flipping in terms of legality, liquidity, and subjectivity. Now that you know all the details about buying and selling domains, we hope you start off your very own domain flipping business with ease. All you have to remember is to begin by learning all the tricks of the trade and invest a small amount of money before you decide to go pro. E-mail is already registered on the site. Please use the Login form or enter another. You entered an incorrect username or password.
Anybody Interested in any of the following domains contact me ,you can find contact details on whois. This is not true.
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You might say that profits can tend to be lower, but I can tell you first hand that I have sold hand registered domains for huge profits. There are still good hand reg domains out there if you put in the work. This article open up my mind more about Domain Flipping. Before I started a site I research hundreds of available domain and I can say there're many cool interesting domain still out there and always be there for you to register.