Tips on Buying and Selling Domain Names

How to Flip Domain Names for Passive Income

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

You can not earn money in domain flipping without understanding the marketplace. The domain name market is huge and it gets bigger every day. Some people make their money buying up domain names which are worth less than ten bucks 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 distinct 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. Therefore, popular phrases on wellness and lifestyle sites like"I hate cold temperatures" or"weight loss" or"I hate heat" will immediately get traction in the domain name's market. Once they gain a momentum, they'll be hard to beat.

Another reason people buy domain names is to resell them later. Reselling domains is one of the fastest growing forms of domain reversing. A couple of years ago domain names were purchased and resold with little attention paid to the market. But now there are large directories like GoDaddy and eBay, where buyers and sellers can register old and new domain names prior to making any sales. So, sellers can purchase hot domain names, register them and then quickly sell them for good profits.

If you would like to make the maximum profit buying and selling domains then you'll need to purchase enough domains to cover your daily usage. You should have a minimum of ten domains registered each with a current Premium domain status. If you're planning on selling all of 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 run a search. If your domain name isn't available from the search results then you'll want to buy it from your hosting company.

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