How To Flip A Domain Name And Make Huge Profit From It

How To Flip A Domain Name And Make Huge Profit From It..........So The Question Is

How Do You Flip a Domain Name?

There are two practical ways to flip domain names for profit:

1. Buy a domain name and sell it without developing the website, which I'll tell you more about in just a moment.
2. Buy a domain name and build the website, place ads on it, practice good SEO by adding keyword-rich articles, videos and other useful content, get it ranked on search engines like Google or Bing, and then sell it.

The first step to flipping a domain name like this for profit is to pick a niche that you are comfortable with. 



This could be a love of dogs, tennis, making money e.t.c... the sky's the limit. The niche should also be something many other people are interested in and are buying online.

Naturally, since the second strategy involves much more work on your part, the profit potential is going to be much higher. In essence, you'll be selling an established website -- a full-fledged business, really -- with Web development, SEO, content (which could include articles, podcasts and videos) and a built-in audience. Yes, it's more work, but it also means you can ask for much more money when you put it up for sale.

That's why I suggest, if you decide to go the second route, that you build a website about something you already know about. Everybody has an interest or a hobby that gives them a leg up over others. If you can succeed in transitioning your particular skill set into a website, you'll have no trouble selling it.

The first method of flipping a domain name without building a website is quicker, cheaper and less labor-intensive. Basically, you'll buy (or register) a domain name that someone else might want for their own website and then put it on the open market in hopes of selling it to them.

But there are still ways you can buy a domain name and sell it without even building it into a website. There are three main ways to do this:

1. Sell to an End User - Marketing your domain name directly to an end user requires that your domain name be specific about a certain geographical area or a certain industry. Use domain name companies like GoDaddy.com to search for available domain names and find one that will be easily marketable.

An example would be to register the domain name like italianshoes.com and then trying to find a company that sells Italian shoes that wants to buy that domain name.

The beauty of this method of flipping is that you don't necessarily need to find a company that doesn't have a website. Many companies have registered numerous domain names that all funnel to their central websites.

2. Flip by Auction - Again, use a site like GoDaddy.com to register an available domain name that is specific to an industry or geographical location. Then use a domain auction site like GoDaddy or Sedo to list it.

People who are actively looking for a domain name will browse the listings, find one they like, and place a bid. And your domain name goes to the highest bidder. Think eBay, only you're selling domain names. The auction sites take care of all the grunt work for a nominal fee.

3. Flip by Private Listing - This is an interesting avenue for someone looking to get into the domain-flipping business more seriously. The first step is to start your own website -- a website that will sell domain names. Then you start registering an array of domain names, categorized by industry, geographical location, profession, etc., and then listing those domain names that you have available for sale. I've seen some domain names go for over $20,000.

You can also sell domains privately through forums like nairaland.com,nigeriabestforum.com and other online gathering places. Just make sure to have good contact info so potential customers can get in touch with you.

And if you think all of the good domain names have long been snatched up, think again. The Internet is constantly evolving, growing and sprouting new branches.

Again, that's where you come in. Be ready to study the market and do a little prognostication. There's an element of gambling in flipping domain names, but like any venture that involves gambling, the payoffs can be huge, especially since the cost of buying domains is so low.

       I hope this helps...Place Your comments or question if any