The idea behind domain flipping is to purchase low cost domains and then sell them at a higher price.
RELATED : How To Buy Or Sell A Blog Easily And Effectively?
#1 – Don’t be afraid of Risks. Well you may ask whether spending 10$ or below for a domain is risky!? But, here I define ‘Risk’ as maintaining 100s of domains and selling them for a better and profitable price. You expect high profit, don’t you?
#2 – Choose a niche that you are familiar with. You can be aware about the unique names if you are an expert in the subject matter which in results in potential flip.
#3 – Spot the best domains out there. Search dozens of domain names every day. Get an idea which domain name will give you profit. Visit GoDaddy Auction, and see the domains in auction and what price they have.
#4 – Follow this order : .com > .net > .org. Of course, it’s obvious. The best domain name extension for site flipping is .com. You really need to brainstorm to discover unregistered .com! 😛 If .com is not available, move on to .net and .org.
#5 – Register expired domain names. Or I would say buy a domain that already has existing PageRank (PR). If you are lucky, it may have good PageRank!
#6 – Have some content on that domain name. Write some high quality posts and drive some traffic to that domain. If your domain is generic, then find the niches that are selling hot right now and prepare the content related to that niche.
If your domain is niche specific, then obviously you should write content related to that niche.
#7 – Be aware of all the latest tech news. Subscribe to all the popular and official blogs. Find the names of latest software, hardware, games, companies, products and so on.
#8 – Have accounts on all the top domain registrars. Yes! Keep it packed! I would recommend GoDaddy and NameCheap for domain names.
#9 – Be aware of discounts and offers. Want to buy a domain for 1$ and sell it for 1000$ or 10K$? Then you must be aware of such discounts and offers. GoDaddy promo codes are my favorite!!
#10 – Memorize & update about the domain extensions. Tonnes of domain extensions available out there and new extensions are releasing now and then. So keep track of everything and memorize all of them.
#11 – Register in Domain auctions sites & community forums. I recommend you to register in all the sites mentioned in this post — “20 Sites To Sell Your Blogs Or Websites”
#12 – Avoid domain names with hyphens. Google recognizes domain names with lots of dashes. They consider them as lacking the authority of domains without dashes. This affects the search engine optimization capabilities of the domain name dearly.
#13 – Don’t be a ‘typosquatter’. Never buy and sell misspelled domain names. It creates problem and you may sell it to a spammer, who may use it for illegal activities like phishing.
#14 – Find Domain Names With Less Characters. Am sure all of you are aware about this tip. Domain names should be ‘short’ and ‘sweet’ unless you really believe it will kick!
#15 – Optimize and increase the rank. Most of the domain buyers care about Pagerank and Alexa rank. So comment on various blogs using that domain link and follow the simple tips to improve the Alexa rank.
#16 – Market to an end user directly. You can directly seek out people or companies that you think will be interested in buying your domain names. Make them to buy your domains. Use some ethics and impress them with your domains stats and traffic rank.
#17 – Park your domains. If you can’t install and maintain a blog/website. You can park it and make money through Google Adsense or from other Ad networks. You can earn the money you used to buy it! 😛
#18 – Know the market. Understand the latest and evergreen trends in the market. For example, the video game market never slows down, so a domain name like coolvideosgames.com could be great.
#19 – Please be patient, the ball is in your court. Golden rule for becoming a successful domain flipper. You can’t make money overnight through this. You own the domain names, and you may even renew it for 3 years in a row. But you will sell it for 1000$ or more very soon. So please be patient.
Do you have any other tip for us? Please share it in the comments!