Very less amount of people actually know about the term domain flipping. Are you also asking yourself what does it mean? Then this article is for you. Before diving into domain flipping. Let’s see what is a domain. A domain a subset of the internet under the control of any organization. Or an individual who is sharing a common suffix.
And what is domain flipping? Domain flipping means buying and selling domains for-profit purposes. There is a misconception between the people hoarding the domain names is unethical. But this is not true many big companies have emerged in domain flipping.
More than 183 million domain names have been registered and they were not used. These will be resold to new buyers later. And if you are new in this field, the best thing will be to go out for domain flipping. You need to start with a low budget until you gain experience in the field.
So let’s start with the tips for domain flipping:
1. Know your budget
Whether it’s domain flipping or another business, it is important to know your budget. Try to take some time out for financial calculations. Also, try to start by investing a small amount. And then make your way to biggest investments.
2. Find ranking keywords
Before doing anything, focus on finding catchy keywords that buyers would find interesting. If you want to get a good return on your investment then pick an acceptable traffic domain name.
You should put these things in your mind-
- Before choosing generic names you should check first the copyright and trademark issues.
- Also, geographic names have chances to be sold to web developers seeking to open portals.
3. Find an existing domain
Do you know buying existing names can be also profitable? You can find existing domains for profit by Sedo. you need to choose domain names having good traffic and google PageRank under 17 chars. Also, clear domain names having special characters, they are not sold often.
4. Focus on local domain names
This is too surprising that how social engine optimization has grown in ten years or so. Today everyone wants their business to thrive on the first page of Google. The best idea to choose local domain names is to search them at sites like GoDaddy and Namecheap.
5. Find domain names related to keywords
Namecheap gives you domain names by typing relevant keywords. You can use a millionaire society to buy and sell domain names. Once you found the perfect domain names, you can log in to Alexa.com to gain more about the domain names.
6. Buy new domain
There is a possibility that there may be some unregistered domain names. If you find such domain names, then waste no time and get registered. Try to register using the best domain registrar company. Because this will enable you to sell to the interested party. You can find unregistered domain names on GoDaddy, Namecheap, and Flippa.com.
7. Try to build a solid domain portfolio
It is not easy to build a domain portfolio. It can take months or years to achieve this and will be worth it in the end. Try to look at the potential of the domain name. Also, you can hold of high profiles domain names.
8. Do your due diligence
Check backlink profile - if you don’t know what backlinks are, then these are the public websites that are linked to the domain. There are various tactics in SEO, careful from expired backlinks. Check what if too many links are coming from the same domain.
- Check email spam databases - you can check the domain in a spam blacklist such as Ultra Tools. You will get processes to dispute blacklist placements.
- Review web archive’s versions of the website - Try to examine the website’s history. Try to analyze the look after using a web archive. It can inspire you for being a good potential buyer. But it will show you red flags if the domain was used for any shady purpose.
9. Never sell right away
It is not always about making quick cash. Sometimes you will need to spend days in research before making a sale. Don’t settle for a normal profit and wait to sell for a greater profit. Take domain flipping more as an investment.
10. Use sales strategies
You have many strategies for flipping domains. Setting price, auction, and making offers are the three common strategies. Apart from this you can set a particular price for domain names and don’t rush to sell them. You can also make offers to buyers who are interested in buying.
You can also flip websites and domains. This is because sometimes an established website is more important than a domain. By building a website, you get a great potential in SEO value and much more.
11. Risks to be aware of
Do you think people make their living by buying and selling domains? The answer is yes. The actual risk lies in expectation and mindset. It may seem to you that many domains are sold for lots of money. But do you know how many domains exchange every year? It is in millions.
Yet, those high amount of domains are the exception but not the rule. That’s why it is important to have the right mindset at the time to start out. You can not go in with the mindset of buying domains and selling it for millions overnight.
This scheme is very destructive not only in domain flipping but in any business. In place of this try to focus on buying cheap and domains having potential. And then selling them at fewer margins first. Try to build some experience.
Many professional flipping domainers have hundreds of domains at any given time. They buy and sell domains to maintain momentum and cash flow. This is done by the full-timers, and this is who you can become. There’s more power comes when you learn new things even if it’s domain flipping.