Buy Domain Names For Resale
In layman terms, domain flipping means buying and selling domains for a profit, and is one of the few domain investing strategies. Now there is quite a misconception regarding this particular act as people are of the opinion that hoarding domain names is unethical but that is far from true, as many big names in the domain flipping industry like GoDaddy and Namecheap have emerged recently.
buy domain names for resale
As far as flipping domains for a profit is concerned, there are certain domain names that are worth a lot of money. For instance, Hotel.com and Business.com have been reportedly sold for $11 million and $7 million respectively. Now even though coming across such golden domain names seems more like a long shot, you can still make a decent amount of money if you choose to buy and sell domains as a part-time business opportunity.
Since 2013, more than 183 million domain names have been registered but none of these is used. A large chunk of these domain names is hoarded by domain flippers who will then resell these domain names to new buyers. Now if you are a newbie in this particular field, the best way to go about flipping domains is to start with a small budget until you gain relevant experience in the field.
Yes, we all love to hear motivational stories on how some lucky ones made millions out of selling a high profile domain name but in reality, this does not happen too often. Very few domain names out there can be sold in exchange for six figure sums, so your chances of becoming a millionaire overnight are slim.
Domain flipping is never a passive process. In fact, it is an active process where you will have to put in your time and energy to buy good domain names and then actively seek out prospective buyers. You cannot possibly make good profits if you do not put in a few hours every day.
Just like any other field of business, you need relevant experience to become a successful domain flipper. Buying domain names and then selling them at a higher rate is not a piece of cake. You need to stay under the radar for at least a year and learn everything related to domain flipping before you can start selling domains for a profit.
In the beginning, you will make several major blunders like losing money over useless domain names, missing prospective deals and much more; but slowly, you will get the hang of it. The road to flipping domains for sums is not easy; you need to climb a steep learning curve before you can become a pro.
Hey, the possibilities are endless when it comes to domain flipping so do not think that all profitable domain names are already taken. At this time, almost 90 million .COM domains have been registered, so people tend to think that there are not many good domains left. That is not true since you still have the opportunity to incorporate two or three word target keywords.
Also, you can still explore new avenues with domain names that have never been used before or are about to expire anytime soon. Such domain names inevitably make their way into the marketplace again where you can get hold of them. You can easily get hold of such domain names by using advanced tools for filtering and research.
Another point of concern is that many people feel that squatting or registering domains is unethical. This is because many web developers have a hard time finding relevant domain names for their projects since most of them have already been registered. Many corporate giants also frown upon the domain flipping industry because many domain names relevant to them are already registered.
However, domain flipping is legal because buying domain names has been a legal practice ever since the internet came into being in the 90s. Treat domain names as real estate property sold in the offline world.
Many advertisers and marketers are concerned that social media will soon replace domain names completely and make them go obsolete. This fear is even more real nowadays because many online businesses and startups are using the power of social media to connect to their target audience.
Flipping hand-registered domain names for a huge profit is quite possible, but keep in mind that you cannot make a profit of more than $300 by doing so. You will also have to put in a considerable amount of time and energy to turn this idea into a profitable strategy as it is quite time consuming.
Selecting a profitable niche is very important when it comes to domain flipping. Having adequate knowledge in searching domain names is critical. It will help you with fishing as well as parking domain names. Carving out a niche for yourself will enable you to seek out prospective buyers actively who would be interested in the domain names you are offering.
Before you park any domain names, you must focus on finding hot keywords that buyers would be interested in. The best way to make sure you get a good return on your investment is to pick a domain name with acceptable traffic, somewhere around 10,000 searches a month. You can do this conveniently by using tools like Google Keyword Planner or Niche Finder Software.
It is mind boggling how local search engine optimization has grown from a tiny market to a mammoth industry within a span of ten years or so. This is also one of the reasons why focusing majorly on local names is profitable. From doctors to pizza parlors to salons, everyone wants to see their business thrive on the first page of Google Search results with the help of target keywords.
Yes, buying existing domain names can be profitable too. Existing domains with a potential for profit can be found using Sedo. Make sure you pick domain names that have good traffic, backlinks and Google PageRank under 17 characters. Also, steer clear of existing domain names containing special characters or numbers because they are not likely to be sold.
Picking domain names by typing in relevant keywords on Namecheap has become increasingly popular. If you want to buy and sell domain names professionally, try using Millionaire Society. Once you have found the domain name of your choice, you can log onto Alexa.com to gain more insight regarding the domain name.
Keyword relevancy is not the only thing that matters when it comes to SEO. However, domain names that were previously used by other businesses usually have a lot of backlinks and a decent ranking on PageRank. Even though such domain names are usually about to expire, they are still worth a lot of money if they have a good number of backlinks and a ranking of five or more.
Building a solid domain portfolio is not a piece of cake; it may take you several months or years to achieve this goal but it will definitely be worth it in the end. When you are in the fishing phase, look at the potential of the domain name. Another common strategy used by seasoned domain flippers is to get hold of some high profile domain names and sit on them until they soar in terms of value.
Use the advanced search option to quickly hone in on the type of names you are interested in. You can narrow the results by price, top-level domain (i.e, .com, .net, .org, .club, etc.), keyword, and many more filters.
The first thing you need to understand is how to get a domain registered. Back in the day, .com and .net were extremely popular as extensions. If you got in early and purchased some domains, you are sitting on a pile of cash because some of these domain names are worth a lot today.
This doesn't mean you'll also get astronomical amounts for your domain. A lot of the popular keyword domains have already been purchased. And it's unlikely that you have a domain with common but attractive names (bank.com, digitalworld.com, etc.).
So, you have learned how the process of buying and selling domain names takes place and the pricing considerations. Now let's have a look at these 5 websites where you can buy and sell domains.
Namecheap's domain marketplace is a simple, easy-to-use platform to list domain names for sale. While there are many ways to promote domains you want to sell, this online domain buying and selling website makes connecting with interested buyers easy.
With Afternic, you can list your domain name on their sales platform and have it sent out to more than 100 different partners around the world. These include other major registrars (the companies who sell domain names to the public), such as GoDaddy, Network Solutions, Register.com, Enom, etc. which means, anyone searching for a domain at these sites will have the ability to see your listing.
To buy a domain on Afternic, perform a domain search on its inventory of nearly six million premium domain names. Domains with listed prices can be bought easily by placing the domain in your shopping cart and completing your purchase. For domains without a listed price, or if you want to negotiate the price, you can reach their experienced sales team with its online price request or on the phone (Toll-Free in the U.S. 866-351-9586).
The first step in selling a domain name is owning a valuable domain. You might pick up great domain names at less than their market value at an auction, or you may have old domain names that have no more use for you. Alternatively, you might seek out premium domain names with the hope of making five-, six- or even seven-figure profits. Either way, you'll only be able to make the sale if you own a domain name that someone, somewhere wants to own.
Understanding the value that a domain name has is one of the keys to evaluating it properly and giving yourself a shot at making a sale. While putting a value on domain names can be difficult, you can use the concept of brandability as a guiding light. In short, how easy is it for a company to use in their marketing? How memorable is it? Is the name simple for customers to type into a search bar if they only read it once or briefly hear it? An otherwise perfect domain name might become worthless if there's a spelling problem that results in potential visitors forgetting it. 041b061a72