Are you aware of domain flipping? Do you know what is a domain name?
Don't worry, If you don't know as this post has everything about domain names and domain flipping.
If you haven’t discovered domain flipping yet, It's fine as many people don't know about this amazing money-making process.
Ultimate Domain Flipping Guide for Beginners:
Domain Flipping can be a great profitable side hustle as one can able to make thousands of dollars per month by procuring the best domain names and selling them for a profit.
The process of domain flipping is simple. Just like acquiring a property for a cheap price and then selling it for a higher price to make profits. In a domain flipping business, you flip the domain name for profits.
In this article, you will learn more about domain names, domain flipping, the business side of flipping domains, how you can get started with selling domains for profit, how to choose the perfect domain names, and how to sell your domain name.
This is the ultimate guide of 2022 for domain flipping beginners.
Make sure you read the article till the end to learn how you can start making money with just $10 of investment.
But before that let me explain what is a domain name.
What is a Domain Name?
In simplest words, a domain is the digital address of a website or a blog. Like, the domain name for this website is digippl.com.
A domain name consists of two parts. First is the name or the web address and the second is the extension.
And the difficult definition for a domain is “an identification string that defines a realm of administrative autonomy, authority, or control within the Internet.”
I am sure a common man won't understand this and hence I have simplified the definition for you.
You can use hyphens (-) in your domain name. But I don't recommend that as it doesn't have much value when we talk about domain flipping.
A good example of this can be Business-Standard.com, Merriam-Webster.com, and Master-Content.com. You can register domains like this and use them for domain flipping and make extra dollars.
You can consider your domain name as an address for your home. Like your home address has a house number, street name, area name, etc.
A domain name is the number of characters along with an extension to find your website on the world wide web.
What is Domain Name Extension?
Domain name extension is the second important part of a domain name. For example, in 'digippl.com,' the domain name extension is .com. The web address is digippl and the extension is .com.
You can also find different types of domain name extensions like .com, .net, .org, .us, .uk, .co.uk and so on.
You should focus on .com as that is important for domain flipping business, other extensions have a low-profit rate as compared to dot com.
Each domain name is unique. A Domain name can have one web address, And that is where the domain flipping business comes into play.
What is Domain Name Flipping?
Domain flipping is a method of acquiring a domain name for the reasonable price possible. Then, find the interested party online or offline and sell the domain name to them for a higher price.
The selling price should be more than the actual price you paid for the respective domain name.
If you own a lucrative and high commercial value domain name then you can easily find companies (or people) who are willing to pay thousands and millions of dollars to own that name.
For example, a domain with a name like “InternetSprout.com” is more valuable than other domain names like "Kolafi.com" and "ContentTurtle.com".
Typically, shorter domains name like one word or two words will be more valuable than longer domains like "DigitalMediaOnlineStory.com".
How to Get Started with Domain Flipping Business?
It just takes as little as $10 to get started with domain flipping. With a cost of a meal, you can start your flipping domain journey.
Before getting started with the domain flipping business, I recommend having a budget in your mind. Suggest budget for a year is between $100 to $200. Anything more you can spend as per your wish.
Registering a domain name is very affordable. You will pay around $10 to $50 per year to register/own the domain name. To register a new domain name, It just costs you $10. You can pick up a domain for less than $10 on NameCheap!
Because buying a domain is so pocket-friendly, a domain flipping business can be a great side hustle for those with low budgets.
Where Can I Buy Domain Names For Cheap?
There are many registrars available to purchase domain names. Some are less expensive than others. Some of my favourite domain registrars are NameCheap and Epik.
Epik offers domains starting for as little as $8.49 per year.
Purchasing your next domain with Epik here!
Some other options include: (Click to Learn more about the domain name pricing on these platforms)
- BlueHost.com
- Hostinger.com
- Name.com
- Godaddy
- Google Domains
- Unstoppable Domain for NFT-related domains.
For Acquiring Auctioned Domain Names you can go with Epik, NameCheap, Name, Sedo, Godaddy, Dynadot, and other platforms.
Check Related Post: How to Buy NFT Domain For Free
Where can I list and sell my domain names?
You can list and sell your domain names on various Domain marketplaces like Dan.com, Sedo.com, Afternic.com, Namepros, Godaddy Auctions, Flippa, BrandBucket, and more.
The are plenty which offers domain name listing and selling opportunity. Most of them are free but some Domain marketplace charges money to list and sell the domain names on their marketplace.
There is a fixed commission structure for each marketplace which you need to check manually.
Domain flipping is an excellent low-risk side gig for anyone who has a basic knowledge about the Internet and domain names.
5 Tips to Help You Make Money by Flipping Domains in 2022
Here are some useful tips to help increase your earnings by buying and selling domain names in 2022.
1) Domain Research - New, Auctioned or Expired
In Domain Flipping Business, The key to success is buying the right domain names and for that, you need to do deep research before purchasing any domain name.
Every dollar is important to me and I make sure I spend wisely before buying a new name.
For Example, Suppose you are booking a domain related to the news category. You should carefully analyze all the aspects of the business category and the name you are choosing.
I have done that research personally and invested my hard-earned money in the DigitalMediaStory.com domain name.
If you are buying an expired domain name then check its history using the internet archive tool, I suggest WaybackMachine. This website offers archive data of just about every domain which is registered and had a website. You can check the screenshots history to get a fair idea of what content was previously hosted on the respective domain name.
2) Domain Extension - Stick To Dot Com
Dotcom is the king of all other extensions. It is the most famous and generally used web extension in the world.
If you are new to the domain flipping business then I recommend you to go with dot com only. Once you gain some success with dot com, you can play around with different web extensions.
I like 2-3 word descriptive domain names. Here are some of my recent dot com domain name acquisitions:
3) Expired Domains - Check For Quality.
Before acquiring any expired domain, you must check its quality. The number of backlinks it has. It isn’t banned by Google or hit by Google algorithm as this can damage its value.
You can check the quality using isbanned.com or bannedcheck.com websites.
4) Be Patient - Domaining Is a long-term game.
One common mistake domainers make is they sell their domain name at an early stage. Once you have invested in any domain name, you need to be patient. Analyze the offers coming your way.
In hurry, you might end up selling your domain name for a small profit.
Always get multiple offers before giving your domain name to another domainer. I recommend you should hold the domain for at least 2 years.
5) Invest in Domain Tools & Platforms
If you’re buying expired domain names, there are several tools you can use to quickly browse many different auctions and domain stats.
Consider investing money in these four domain tools.
- Estibot - Domain Appraisal Tool
- DomainTools - For detailed whois lookup.
- Escrow - For domain transaction
- Domaining - For a complete analysis
- Flippa - For Buying and Selling Domain and Websites
Final Views on Domain Flipping & Making Money
Find some great names at a good price to get started with your domaining journey.
Domain Flipping can enhance your earnings in a couple of years. Start as a side hustle and follow all the tips shared in the post.
I hope this post about flip domain names is helpful. Let us know which is the first domain name that you want to flip in the comment section below.
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