For some reason, earning six figures is a big goal and target for many people online. Do you want to make $100,000? Probably.
To get straight to the point: yes, you can make $100k flipping domain names…. IF you know how to do it properly.
The title says it all. Making over $100,000 a year is really not a big deal for successful domain flippers. In fact, you can literally turn $100 into over $1000 simply by flipping domain names.
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Okay, how much can I make flipping domains?
If you’ve done a bit of research then you probably know that domain names can sell for A LOT of money.
Voice.com sold for $30 million on Godaddy recently.
Strength.com recently sold for $300,000 on Flippa and there are new sales every single day in the mid-six figures and up into seven figures (millions) too.
Not only this. But there are reports for domain names sold for millions of dollars. In fact, some of the domains have been sold at such a high price that you wouldn’t believe your ears when you hear.
Below are some more domain names sold for millions and made their owners millionaires for just owning the domains.
This is how some of the world’s greatest domains have been sold in millions.
The truth is:
But the question is how you will make the same amount of money.
Truly speaking this is not everyone’s cup of tea. Because most people never take action on the information they get.
If you are one of them, you are not going to make it. But if you are not one of these people, you can probably make $100,000 a year.
Asking me how?
That’s what I am going to tell you. Honestly speaking, people really make thousands of dollars flipping only domain names.
In fact, at any given moment, there are hundreds of domains being sold at Flippa marketplace for hundreds of thousands of dollars.
The only purpose I have to show you all this data is to make you realize the true earning potential in this business.
Do you now realize its power?
If not, let me show you what your market is going to be.
Do you realize that over 47,450,000 new domains are registered each year? And an additional 42,625,000 are transferred to new owners.
That’s exactly 90,075,000 customers waiting every year to spend their money. Do you know that they are probably waiting to spend their money with you?
So if you are serious about making $10,000 or more money every month, working less than 10 hours every week, you must master this business.
However, making money is not always easy, cheap and profitable.
In fact, if you don’t know what you’re doing, you could easily lose a lot of money and end up dead broke!
Let’s take a look at some of your options right now. Hopefully you will realize why these methods may not be good for you always.
Running Google Ads : Nobody tells this. But you actually have to pay from $0.50 to $5.00 every time someone clicks on your ads. It is for most of the time. It could cost you hundreds of dollars a day.
Then if you find something that works, you could easily get shut down by Google, and all of your hard work and your money goes down the drain.
Building Websites : You have to either know how to build one on your own or hire someone to build a decent website. It could cost you so much money.
Then after paying to have it built, you really have to buy targeted traffic that converts so that you can get significant number of sales.
Affiliate Marketing : Even though this is a great way to make money online, it requires very specialized knowledge. If you don’t have the right training or lots of time to practice, it’s very hard to make any real money.
You either need to have a mentor or a top notch affiliate training program to follow. Of course, you have to spend money on that.
It is obviously not a quick process for most people and may not always work.
Now, I am not saying that doing all these stuff is bad.
If you have money to spend on marketing and you have the patience to do the whole ‘Trial and Error’ things for a few months until you see some results, then by all means, go for it.
But if you don’t have lots of money to spend, then you must find a better way.
So you have probably realized the power of domain flipping business and how much money you can make. It’s really so much profitable.
If you are a beginner and have never sold a single domain, you would probably have no idea about the money making power of flipping domains.
Of course, everyone may not be able to become successful in this.
But you may have a different story. Who knows?
After all, it all depends on how well you can do it. The fact that so many people have already earned in millions proves that it is highly possible. But the biggest question is how it can be possible for you.
This article is going to shade some lights on that.
Hopefully you will find this article helpful and informative. So I’m basically talking about domain flipping business.
But What Really Is Flipping?
I have already said many times here that flipping simply means buying something at a lower price and then selling it at a higher price. As a result, you can earn a profit.
I already talked about it here before. But I couldn’t explain thoroughly how you can literally enter the market and make maximum profit.
Since, this is one of the most powerful passive income ideas online, you really should not ignore it. Today I am going to discuss on how to enter the market and one of the best online platforms for this domain flipping business.
If I am not wrong, domain flipping is going to be one of the fastest growing online businesses in the coming years.
So it’s better to get into the market right now.
You will surely make mistakes in the beginning. But soon you will be able to see its positive side and understand the income potential in this market.
It is said that it’s difficult to make money online. While it may sound true to you, it’s not always true. I have personally made pretty enough money from my online activities as well as flipping domain names.
Don’t think small. Think bigger than what you can imagine. If you can dream, you have the ability to make it a reality as long as you have a burning desire.
So I was basically talking about domain flipping. But before I start let me tell you that this article is a little long. But it’s sure that every word is valuable. If you don’t have time to read it now, feel free to bookmark it.
Domain flipping is a business that can certainly bring you some quick money.
But for a better and much bigger business model, you need to invest your time and learn the best strategies to be a winner. Today, I will tell you exactly how you should start and how to make it profitable.
Remember, you should consider your first domain flipping venture as a learning experience. Soon, you will discover its earning potential.
Where can I sell my domain names?
There are lots of different domain name marketplaces which you can use to flip a domain name and each of them has their advantages and disadvantages.
The selling of your domain is something I cover in my guide because if you are smart you can slowly reduce the reliance on these marketplaces to avoid their fees and make even more money.
If you would like to buy domain names and sell them online, then to start with you will need a platform or a marketplace. Below are some of the most popular marketplaces where you can start your first domain flipping venture.
Join Flippa – The #1 Marketplace For Flipping Domain Names
Since, it’s all about buying and selling domains, you should choose only the best platform to start your business. Why I highly recommend Flippa is because Flippa is one of the top website and domain brokers in the world.
It is visited by thousands of sellers and buyers on a daily basis. Although there are many other sites doing the same job, Flippa is the best place because of its high number of visitors.
Tons of high quality domains are getting sold on Flippa at any given moment.
Flippa is the most visited site of its category.
It is one of most visited 1000 websites in the world and United States.
More visitors means more earning potential and obviously more opportunities to grow your business. It’s a place to get thousands of potential buyers.
So it won’t be difficult for you to sell the domains you will be selling. Most of the visitors here are highly prospective buyers. You just need to present your domains in the right way so that they can be convinced.
The reason you need to sign up is because you can now communicate directly with buyers and other domain sellers. You will be able to bid or make offers on domains and add domains to your watch list.
Flippa is not the only place where you can sell domains. There are some other big names also. One I will like to recommend is Brand Bucket.
Most of the domains on Brand Bucket are super premium and are sold with a premium logo. Mostly the selling price of these domains are well over $2000.
There are also Sedo and Domain Market that deserves a mention.
These websites work like a matchmaking site for online property buyers and sellers. So it does handle transferring money or domains between buyers and sellers. They do automatic verification of each property listed on their site.
So only place a bid when you really want to buy. If the seller accepts your bid, you are legally obligated to make the payment.
Do not make a bid which is more than the reserved price of a domain. Because if the seller accepts your bid, you are obligated to pay. There are two kinds of ways to buy and sell domains – at public auction or private sale.
Make sure you know the differences between these options, and understand your obligations as a buyer in the auctions and sales you participate in.
Even though they automatically verify important details of the listed domains, do your own research before you make a bid or offer.
I would highly suggest you to follow their blog. They regularly publish new articles about research tips and tactics.
So it is a great place to learn new techniques and skills.
If you want to sell at auction, your reserve price on your listing should reflect the lowest price you’re happy to sell your property for.
Once bidding meets your reserve price, you’ll be obligated to sell the property for the highest bid you accept, so your reserve price really matters a lot. It can be as low as $1, or as high as you want it to be.
Always accept bids or offers in good faith.
Don’t accept bids or offers from buyers you don’t want to sell your property to. Remember: if you’re selling at auction and your reserve price has been met, you’re obligated to sell to the buyer who makes the highest accepted bid.
If you accept a bid in a private sale, that offer wins, ending the sale. You must research your potential buyers when you’re accepting bids.
You will find hundreds of domains listed on marketplaces. But you have to do your own research to buy only the right domains that you flip later.
Remember, you need to make money from these domains.
You have to sell it again on these platforms at a higher price. So you have to remember some crucial points. Otherwise, you might incur huge loss.
You have to know how to judge the quality of a domain and its value.
If the domain you want to buy meets all the criteria, you can make a quick purchase. Here are some of the most important factors to be careful of.
Of course, you can purchase any domain name of your choice and you may even be able to sell them. But if you remember certain qualities of a good domain, it will be much easier for you to make a sale.
So here’s what makes a good domain a Great domain.
1. Try to Make It Easy to Remember
Everyone loves to buy domains that are easy to remember. A domain that is easy to remember is easy to market and promote to people. So businesses would love to acquire only domains they can easily promote.
Nobody wants to build a company website using a domain that people would find hard to remember. So this is a very important point to consider.
Try to keep the names as short as possible. It really helps. Please do not buy domains that contain hyphens and numbers.
2. Find Only Keyword Rich Domains
A keyword rich domain name means a domain that contains the keywords matching the actual business. Suppose a businessman wants to build a mortgage related website, he would love to find domains that contain the word mortgage.
Or he would at least buy a domain that contains words related to mortgage like house payment, finance or interest rate. I hope you got the idea.
Since you are into buying and selling domain names, it would always be a good idea to purchase only keyword rich domains. Because these domains are easy to sell and it’s much easier to convince the buyers.
3. Buy Domains That are Brandable
Here you need to be a little bit creative about finding the best brandable domain names. I already talked about choosing only keyword-rich domains.
You must know that there are domains that are sold for thousands of dollars. It’s not for the keywords in them, but because they sound like brands.
If you visit Brand Bucket, you would see how simple domains are sold for thousands of dollars and how these domains have been given a branded look. Take a look at the below picture to have an idea.
The list doesn’t end here. There are thousands of domains like this. People really buy these domains and pay that much money to get the ownership.
Imagine as if you are the owner of one of these domains and assume how much you would expect to earn.
However, a simple domain name can also be made look like a brand.
Be creative, promote the domains to the right people at the right place and make money. Do you need guidance? Read this …
So now you know the importance of finding brandable domains. Right?
4. Consider .COM Domain Extensions Only
You should buy .COM TLD as this is ideal for most businesses. If you are having a business online, most of the time your customers would assume that you are using a .COM domain, not any other extensions.
So most businesses would love buying .COM domains only. More than 48% of all domains that were sold last year were .COM domains.
You can even purchase several extensions and redirect them to .COM version using 301 redirect. But if you want to sell in a particular country only, consider country-specific domains like CO.UK for UK and CO.IN for India.
5. Judge the Right Value of the Domain
If you want to purchase expired domains, you have to master this.
Before you can start flipping domains, you should be able to judge the actual value of a domain. Because if you can’t judge the right value, you may even lose money. You may sell domains at cheaper price than it should be.
However, the real value of a domain lies in the number of backlinks it has and the relevancy and the quality of these backlinks.
Backlinks are simply links pointing to your domain from other websites.
Usually the more links a domain has, the more powerful it is. But it’s not all the time. Relevancy of linking sites matters a lot.
Also a backlink from within the contents is more powerful than a link from footer or sidebar of a website. How relevant is the content of the site and its quality matters. There are many online tools to check the backlinks.
I recommend Moz site explorer to determine the value of a domain. A bit of PA ( page authority ) and DA ( domain authority ) is always a bonus.
So if you are going to purchase an expired domain, try to make sure that you purchase only the best quality domains.
Even though the earning potential in this business is huge, you may even incur serious loss. Flipping domains has made people millionaires.
But this is possible only if you follow the right guidelines and some proven strategies. Click here to read a secret report.
However I am not here to scare you, but to really help you build a solid domain flipping business online. Because I know how powerful it is.
So now you know how to judge the actual value of a domain.
Invest small amount of money in the beginning. Slowly increase the amount for more profit as you gain experience and learn what works and what doesn’t. There are many things you would learn with experience. The idea is very powerful. So don’t forget to take action.
Can You Really Make $100,000 a Year?
Yes! It’s possible. Since domain flipping is actually buying a domain and selling it at a higher price, it’s obviously a very profitable business.
This business model works for almost anyone who has at least the basic knowledge. I think that this article should provide you a complete idea about how to go for it. The rest depends on how you utilize your intelligence.
However I believe that it should not be difficult for you to earn a few hundred dollars every month if you are just starting out.
Suppose you bought a domain for $100.
So you paid $100 to get the ownership of the domain. Once you are a verified owner of the domain, you are ready to sell it.
Now you may ask for $150 or more for the same domain. Once you successfully sell the domain, you make a profit of around $50 or more.
So the fundamental concept is very simple. The best thing is that you can sell as many domains as you want at the same time. Depending on which domains you choose and how you decide to promote, you will make sales.
Since the value of a domain depends on a lot of different factors, most of the time it is confusing to understand what should be the exact price of a domain.
As a owner, you can surely ask for any price you would be happy to sell it for. So your listing price would be the value of the domain. But don’t go for a very high price. Then it may be very difficult for you to sell.
Remember, your listing price should reflect that you are selling your domain at the lowest price possible. You should clearly tell your potential buyers why your domain is valuable and why it should have been priced higher.
Make your description interesting with information on why someone should buy. You may follow the same description when you bought the domain.
For almost every good domain listed on Flippa, there is a description that clearly tells people why the domain is valuable. Take a note of this description before you buy a domain and use the same description when you sell it.
Remember your description should contain all the important details a buyer would like to know. It’s not very difficult to write a good description.
But if you are unable to write, you may sometimes hire people to write it for you. In the beginning, don’t go for buying domains that are priced very high.
Once you have knowledge and experience, you will be addicted to this. Because you will be able to continuously make money flipping only domains.
Flippa is my best choice to run a successful domain flipping business. It is such a business that never fails to work. The best part is that it’s a system that anyone can get started with and make a lucrative full-time income online.
I want to make money flipping domain names!
If you’re serious about doing this and want to make real, sustainable profit by flipping domain names – either on the side or full time – then you need my domain flipping guide. For just a one of payment of $29 you’ll get access to all the insider knowledge to becoming a full-time domain name flipper.
It’s a short read, but do not let that fool you. The method is incredibly powerful and it works. You will discover exactly how to buy, price, and sell domains for profit.
If you are looking for a powerful domain flipping method that helps you make hundreds of dollars quite easily, grab my guide right now!