Tuesday, 4 November 2008

Earn Extra Cash From Flipping Domains

What on earth is domain flipping?

Put simply, it's the art of buying a domain name cheap and selling it on at a profit. In much the same way as it used to be possible to buy a house cheap and sell it on again for a profit.

It all sounds really simple - and quite often, it's so easy you likely won't believe it can be done.

There are a number of different ways you can get into the domain flipping business.

The simplest way is to buy a domain name that you like the sound of and sell it to someone else, without doing anything to it. If you've got a buyer in mind before purchasing your domain name, and could be all you need to do. Especially if you're good at discovering potential type-in typos even with modern browsers and auto-complete (if you always spell "New York" as "New Tork" because you're in a hurry for example) keep a note of your typos and think about buying the name if you think others will type as hurriedly as you.

Consider predictable future events that will be popular in a few months or even years but are buried on page 64 of the newspaper at the moment. Moveable events like the Olympics for instance where there is a build up before the event and massive traffic during the event itself.

But most domain flippers take another steo and add value to their domain name. Let's face it, not too many people can find that one special domain that's instantly worth thousands of dollars. Instead, you'll need extra goodies to give your buyer more reasons to buy the domain names you've got on offer. Anything from selling a batch of related names right the way up to putting content on the domain and Google Page Rank of the sites you're developing.

What this means is that the business of flipping domain names can be a mixture of short term "buy and sell" deals, a few months of traffic building and turning a decent profit when you sell on the site and long term where your wallet looks set to explode at the size of the potential check.

Find out how you can get started domain flipping today.

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