Domain flipping is becoming a very popular subject of late, and more and more people are looking into this business for several reasons. The obvious ones being that it is simple, dirt cheap to start and you can make some sizable profits.
Domain flipping has a few meanings and definitions, and in order to start your own domain flipping business, you need to learn, as well as understand what domain flipping is and what it can offer you. If you search the web for the term domain flipping you will almost certainly get diverse definitions. Due to this, below you will find uncomplicated definitions of domain flipping.
- This method is not recommended, however if you need to make a quick buck, you can purchase an expired domain name, or alternatively purchase a new name which is keyword rich, and put it up for auction on an auction site. The reason this method is not recommended is that you will not be able to make a large amount of money. You may even not make a profit at all, but instead lose your initial payment for the domain name.
- This method involves purchasing a domain name, which is keyword rich, and developing a website. You do this by writing quality content, adding affiliate products, AdSense, etc. to the website, and then auctioning the domain name together with the website. The website will add value to the domain name and therefore you will be able to obtain a higher price. This method obviously will take much more time than method 1, but your return of investment will be much greater.
- This method involves purchasing a domain name, building a website as described in method 2, and then acquiring traffic to that website. You do this by means of listing the website with quality search engine directories, obtaining back links, etc. If you have a domain name + website + traffic, the amount you can make can be very rewarding. This method will however take time and dedication.
Now you know the 3 basic methods of domain flipping. It is now up to you to decide what method you would like to use. I highly recommend that before your first flip, you take the time to learn extensively about the art of domain flipping. Knowledge in power, and will help you in the long run. Many newbies to domain flipping purchase any sort of domain name, and think they will make a profit, only later to realize that that is not the case.
Flipping domains is a remarkable business for someone who is willing to learn and apply that knowledge. You will have to acquire the skill of patience, waiting for that right domain name to flip, and therefore realizing a great return on investment.