Looking for ways to make money online? Business Owl has come up with 101 ways to do exactly that! Number five on the list – domain flipping.
What is Domain Flipping?
Also known as domain name speculation, domain flipping is the practice of registering or buying (for a low, low price) a domain name, and then selling it on for a profit. Someone who deals in domains is called a domainer
How Does Domain Flipping Make Money?
Some top level domain names – particularly .com domains – can be sold for millions of dollars. Diamonds.com was sold for $7.5 million and Insure.com for a whopping $16 million. Not all domain names command such massive fees, but even selling lesser domain names can provide a domainer with a handsome income.
How Do I Domain Flip?
- Do keyword research – what are people searching for and do domains using those keywords exist or not?
- Speculate on future business trends
- Register or acquire a domain name which includes popular keywords, or keywords which may become popular
- Wait – if someone wants a particular domain badly enough, they’ll approach you, cash in hand.
The Next Big Thing…
Domainers are making money online by flipping domain names consisting of random three letter combinations, like CPC.com – recently flipped to Contact Pharmacal Corp for $202, 000.
