Domain Flipping is no rocket science. It involves buying and
selling of domains, and the profit and loss are determined by simple
mathematical calculation. If you bought a domain for $ 100 and sold it for $
150, then you pocket a profit of $ 50, and if the domain is sold for a price
less than $ 100, then its a loss, as simple as that!
But the question arises, which domains would go for a profit and
what is the risk factor involved in this business? First of all, not all
domains are profitable. If you just buy lots of domains randomly, then chances
are none of them would sell, and you will end up with a heavy loss. Therefore,
its vital that you know what you are doing before you actually do the act!
Before you buy a domain, you should consider some key points like
what is the domain name? What is its extension? Is it short, easy to pronounce,
looks appealing and brandable? Does it have keyword which are hot and are often
used in searches? Is it an aged domain or a fresh one? Does it have a page rank
or backlinks and what are their qualities etc. These are some of the questions,
which would establish an overall quality and value of a domain. Only when you
spend enough time in the world of domains and do proper research, you would be
able to develop a sense for domains, and after that you would be able to find quality
domains, which would make profitable deals for you.
Promote the domain
So, you are advised to do proper research before you buy a domain.
Once you have bought a domain after thorough research, the next thing that you
have to do is to sell it. For that, you have to promote the domain and then
wait for the results.
A good way to sell your domain is by using business forums. There
are forums like digitalpoint, dnforum, warriorsforum, flippa etc, where one can
find takers for its domain. Most of these forums are free to join and post
while some others would require you to be a premium member to be able to post
your sales thread on them. Your sales thread should be interesting and
informative. You should list the reasons as why one should buy the domain for
the price, in which you are selling it. If the domain is good and its price is reasonable
as well, then you are most likely to get inquiries for that domain.
Deal with clients
Sometimes, the domain would find a buyer easily in a few days or a
week. At other times, it might take a bit longer, months or even years!
Patience is the
key in this business, and you have to keep your nerves at all the time.
Also, many a time, you have to negotiate with the price and, therefore, you
should understand the art of dealing with clients. The best way to learn it is
by experiencing it more and more!
How much can
you earn?
Another question, that may come to your mind, is exactly how
much money can you make in this business? Well, as stated earlier, domain
flipping is like any other business and the profit and loss are determined
as per the overall performance of the domains. There are some flippers, who
deal in the lower price segment of domains, they would buy bulk domains cheap ($
10- $ 50 per domain) and then sell them at a profit of 10-25 %. These are generally
quick deals and they trade many domains every day, thus pocketing a decent
profit every month.
Then there are others, who would deal in premium domains.
Premium domains usually takes more time to sell and also fetches better
returns. Profit made from one premium domain can be more than hundreds of
ordinary domains sold in a month. But then, they carry a higher risk. So, at
the end of the day, its up to you to decide on which domains to put your money
on. If you play the game sensibly, then you can surely make a handsome
stream of monthly income from this business !
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