Everywhere you turn these days, the hot button seems to be centering around “flipping.” From houses to websites, businesses to blogs, flipping is the hot trend right now. Domains are included in this, and domain flipping is hotter than ever.
The reason domain name flipping is hot is because it can make you a lot of money. If you know what you are doing.
But let’s start with what domain flipping is. It’s really simple actually, domain flipping is buying a domain name with the intention of selling it later at a profit. Sometimes it’s about registering domains centering around new technology or new trends. Other times it’s all about finding a great web name or web property that someone is willing to sell at a bargain price. Either way, the intention when it comes to flipping is to always turn a profit.
Usually in a short period of time.
Unlike long term portfolio domains, these domains are bought with the specific intention or turning them around quickly. Which is the real trick. Because it’s not that simple to do really.
Nope, you need a lot of skill and a little bit of luck working in your favor to get real action going in regard to domain flipping. Also, you need to know where to look.
Start where domain people hang out. There are a million forums out there, filled with truckloads of people wanting to offload their names. Just remember, it’s not easy, and not every name is great. Just because someone registered it, doesn’t mean it actually has value. You need to KNOW you can sell it a profit, and quickly, to make it a sound investment.
Ultimately, domain flipping is probably not suited for beginning domainers. It takes a keen eye and some knowledge to make flipping really work. That, coupled with a solid network of ready buyers is a solid recipe. But when you are ready, domain flipping can make you a ton of money. If you do it right.
