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A big question many people ask, is how do I go about flipping domain names for cash? Before we start, you need to know exactly what is flipping domains? I think many marketers and unaware of what it really is and therefore fail at it. Simply said, flipping domains is the practice of buying domains to intentionally dispose of it at no less than 12x the initial investment. You buy the domain and try to increase its value either by developing it or by finding a buyer willing to get their hands on the domain at all cost. To increase the value you can develop a website, do SEO or help increase its traffic.
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Flipping Websites
Flipping websites is one of the most popular Internet Marketing practices. It is referred to as domain flipping, selling web real estate, website flipping and a range of other names. The initial investment can be as little as $9 and the profits can run into the high 7 figures. Domain Flipping is like the stock market in the 1920s or the gold rush. I’m surprised it hasn’t caused an economic collapse. After all, it’s easier to get into versus buying on a margin or mining gold, but it yields returns these practices would be jealous of. The problem is, it is very competitive, and it’s a market where the smartest people win. You have to learn to be smarter than the rest. Luckily, this article has great tips to help you.
Finding Deleted Domains
The first site you will always need to visit before anything is www.expireddomains.net
Register your account here. It’s free, and it takes very little time. This website will let you see all the expired domains for all website types (.com, .net, .info, .org, .co.uk, etc.). This will end up saving you hours of research right off the bat.
Filtering Your Search
This is the process of streamlining your options. One great piece of advice I can give you, is always get .com over any other domain type. They are the easiest to sell. Also, you want to make sure and pick shorter domains.
Buying Your Domain
I only use GoDaddy to buy my domains, and I highly recommend them. GoDaddy is easy to use, and they are affordable. All you have to do is register an account, and follow the instructions.
Selling Your Domain
When it comes time to sell your domain, go to www.flippa.com. Flippa is a marketplace where you can buy and sell domains, websites, and apps. Setup your free account and add your domain for sale.
Transferring Your Domain To The Buyer
If you’re lucky enough to sell, congratulations the hard part is over. You now need to transfer the domain to the buyer, which is easy, with the help of GoDaddy’s support center. They offer great articles on transferring your domain.
The most important thing you need to know is to work hard and give it your best effort. If you don’t you are never going to succeed or make more money. To learn more about other ways to make money online, read this article How to Make Money Online for Beginners.