Categorized | E-Business

How to Make Money Buying and Flipping Domains – Tips and Secrets to Domain Buying and Selling

Posted on 31 May 2011

How to Make Money Buying and Flipping Domains – Tips and Secrets to Domain Buying and Selling for Profits: Whenever you hop on the Internet and go to your favorite website, you probably don’t think about the business behind the domain name you type into the address bar. However, buying and flipping domain names have become a way for some people to make money. To do so, you need to know where to purchase domain names and what to do to make them more valuable.

Sites like GoDaddy.com can be used to purchase a particular domain name. To get your venture off on the right foot, it is important to pick a domain name that is short and keyword oriented. You want as many people as possible to visit the site, and having a domain name that is easy to remember and easy to type in the address bar is vital. Using an oversimplified example, imagine that you are buying a site about selling used cars. The ideal domain name would be SellingUsedCars.com or something similar to that.

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Deciding on what domain names to purchase depends on several factors. You can pick your personal areas of interest, but a more productive strategy is trying to tap into markets that have yet to become oversaturated on the web. It isn’t always easy to do, but less competition from other sites means more traffic will be heading to your site.

The next step is to increase traffic to the domain name you have purchased. Depending on the focus of the site, you can post a link on chat rooms, forums and message boards that deal with similar and related topics. If you are fortunate enough to have a list of email addresses for people in clubs or groups that deal with the topic, a mass message containing the link will help as well. Basically, use the resources of the web to get a link to your site to as many people as possible.

If you can successfully boost the traffic coming to a particular domain name, you can then sell it to other interested parties. Assuming you got the domain name for a reasonable price, it should be easy to turn some sort of profit on a resale. Most domain names can be purchased for around $10, which means you aren’t out a lot of money if you happen to fail to improve the sites value. At the same time, you probably aren’t going to flip a domain name for a huge profit, but you can build up a decent return by repeating the process with a number of domains.

Another method for making money by buying and flipping domains is referred to as domain parking. This involves buying the domain names, but rather than promoting them like a website, you pay a service to essentially store the name. While you don’t have to add content to the site, you can add advertisements that will generate revenue when people visit the site. Having an attractive domain name is crucial for this method because you aren’t likely to get many repeat visitors with a purely ad-based site. Still, this method allows you to flip and sell domain names without putting a lot of effort into improving the site’s layout or content.

Buying and flipping domain names are going to become more popular as more and more companies take to the web. By proving that your domain name can attract viewers, individuals and businesses are going to be willing to offer a decent chunk of money to purchase it from you. After all, they don’t want to waste their time promoting a brand new site when they can acquire an established one. Both parties win, and the domain name you bought for a cheap price has suddenly become a money-making investment.

Please leave a comment below as we are always interested in hearing feedback on our articles or even other tips and advice we forgot to mention that you have used to make easy money buying and selling domains.

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