How to Flip Domain Names for Passive Income

Tips on Buying and Selling Domain Names

It may sound like a crazy idea but some people have made money buying, selling and flipping domain names. Some have even become millionaires doing it. I will show you how it's performed and teach you what you will need to know to begin. Here's what you need to understand:

You can not make money in domain flipping without understanding the market. The domain name market is enormous and it gets bigger every day. Some people make their money buying up domain names which are worth less than ten bucks each. Other men and women make their money selling domain names which are worth more than a hundred dollars each. Either way, it's a lot of money.

Domains are sold for a number of distinct reasons. 1 reason is popular phrases that are in high demand. Hot topics rise in cost when people are trying to find answers to questions about the problem they have. Therefore, popular phrases on wellness and lifestyle websites like"I hate cold temperatures" or"weight loss" or"I hate heat" will immediately gain traction in the domain name's market. Once they gain some momentum, they will be hard to beat.

Another reason people buy domains would be to resell them later. Reselling domains is one of the fastest growing forms of domain flipping. A few years back domain names were purchased and resold with little attention paid to the marketplace. But today there are large directories such as GoDaddy and eBay, where sellers and buyers can register old and new domain names before making any sales. So, sellers can buy hot domain names, register them and then quickly sell them for great profits.

If you want to make the most profit buying and selling domains then you will need to purchase enough domains 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 want to do one of the following: Find a fantastic domain name search engine, enter a list of your preferred domain names and conduct a search. If your domain name isn't available from the search results then you will want to purchase it from your hosting company.

If you will sell all your domain names then you want to set aside time each day to check through and purchase any domain names you aren't using. The most valuable domains are those with no expiration dates and expired domain extensions. Once you have bought your domain names, you'll need to find new extensions to register in order for your website visitors can access your site. New extensions cost a little more than regular domain extensions but you can usually sell your old domain names for twice the amount of new extensions.

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