How to Flip Domain Names for Passive Income
It can sound like a crazy idea but some people have actually made money buying, selling and flipping domain names. Some have even become millionaires doing this. I'm going to show you how it's done and teach you what you need to know to begin. Here's what you need to understand:
You can't make money in domain flipping without first understanding the market. The domain name market is huge and it gets bigger every day. Some folks make their money buying up domain names that are worth less than ten dollars each. Other people make their money selling domains that are worth more than a hundred bucks each. In any event, it's a lot of money.
Domains are sold for a number of different reasons. 1 reason is popular phrases that are in high demand. Hot topics rise in cost when people are searching for answers to questions about the problem they have. So, popular phrases on wellness and lifestyle sites like"I hate cold temperatures" or"weight loss" or"I hate heat" will immediately gain traction in the domain name's marketplace. Once they gain some momentum, they will be tough to beat.
Another reason people buy domain names would be to resell them later. Reselling domains is one of the fastest growing forms of domain flipping. A couple of years ago domain names were bought and resold with little attention paid to the market. But today there are large directories such as GoDaddy and eBay, where sellers and buyers can register old and new domain names prior to making any sales. So, sellers can buy hot domain names, register them and then immediately sell them for great profits.
If you would like to make the most profit buying and selling domain names then you'll need to purchase enough domain names to cover your everyday usage. You must have a minimum of ten domain names registered each with a current Premium domain status. If you are planning on selling all your domain names then you'll need to do one of the following: Find a good domain name search engine, enter a list of your preferred domain names and run a search. If your domain name isn't available from the search results then you will need to buy it from your hosting company.
If you will sell all of your domains then you want to set aside time each day to check through and purchase any domain names you are not using. The most valuable domains are those with no expiration dates and died domain extensions. Once you've purchased your domain names, you will need to find new extensions to register in order for your site visitors can access your website. New extensions cost a little more than regular domain extensions but you can generally sell your old domains for twice the amount of new extensions.
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