Do you want to know how to flip domains? Do you want to buy and sell domains? If so, then check out this article to find out how to flip domains and earn some extra cash. Let’s start by understanding what exactly is “domaining”.
What is Domain Flipping?
In recent times, the internet has seen unprecedented growth in the number of people visiting online. With the availability of high-speed internet connections, the demand for online shopping has increased drastically. People can shop online from the comfort of their homes and avoid paying any shipping charges. Ecommerce is one of the fastest growing markets of today.
Domain name sales are reported to be worth millions of dollars. But there’s a good chance of making even bigger profits by buying and selling them as a side business.
For beginners, my advice would be to start out with a smaller investment. As you get better at it, invest more.
Domain Flipping Business Plan Guide for Beginners
Do Extensive Research Before Buying a Domain Name
Domain Flipping can be very lucrative if done right. However, it requires a lot of work and planning. Before starting your own domain flipping business, make sure that you do enough market research and analysis. Also, ensure that you know what you’re getting into.
Experts recommend purchasing.com domains because they’re the strongest and best for SEO. However, these days,.net,.org domains are becoming increasingly popular too. Regardless, you must have a well-planned domain name purchase strategy.
Learn How to Buy a Domain Name?
Firstly set your budget. Successful domain flippers advise you to start with a small investment. You can go for a bigger investment as you gain more experience.
Second, when buying a new website, always think about it from the buyer’s perspective. You’re going to be the one who has to sell your site to potential buyers. So, they need to know exactly why they want to purchase your site.
As a newbie, it is best to get an exact match (EM).com name. Also, if you want to save money, check out expireddomains.net and namecheap.com. There may be plenty of old-aged domains available on these sites.
Find the one which you feel is saleable. While deciding, do some research on the SEO aspect of the domain name. Furthermore, check traffic, page rank, the number of backlinks, etc before buying the chosen domain.
Steps to Follow to Buy a Domain Name for Domain Flipping Business
If you’re new to domain buying and don’t want to risk losing money, it would be best to buy exact matches.
But what are the exact keywords? Exact keywords are keywords that have the desired word in the URL itself. For example, if you have a website about dog training, your URL would be something like http://www.youraquapontraining.com/dog-training/.
In this scenario, if you were to type in “dog training” into Google, your site would come up higher because the search engine knows that “dog training” appears within the URL.
So, the next thing you need to know is how to find those exact matches. Here’s the exact step-by-step method for finding them:
- Go to Keyword Planner by Google.
- Enter the desired keyword.
- Download all the keyword phrases found in excel with their corresponding number of searches.
- Remove the spaces and re-open the file in Excel.
- Go to Namecheap and put those keywords on the beast mode
- Choose whichever ones you think are most suitable for your business. Then buy them according to your budget.
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Where to Sell the Domain
There are several websites where you can sell domains for sale. Here are some popular ones:
- Flippa.com
- Sedo.com
- Ebay.com
There are lots of websites out there that offer help for people looking to flip domains. Just be sure to do your homework before investing any time or money into something.
Best Way to Start a Domin Flipping Business
Entrepreneurs not looking for a long-term domain-flipping business may skip this chapter. This chapter is more about those only looking forward to a sustainable and profitable domain flipping business that can give continuous profit.
To be successful at domain flipping, the best way is to start by creating a website using WordPress with WooCommerce.
Also, create some affiliate sites with the domains you have already bought. List all of them on your website. Fix prices for those websites. There is a big audience searching online to purchase ready-made exact matches it e websites such as open themselves.
You can also list those websites in places like Flippa.com, Sedo.com, and a number of other legitimate websites flipping marketplaces.
Domain Flipping is not a get-quick-riches kind of deal. You need to gain experience before you become a successful domain flipper!
We hope, this post gives you a basic understanding of the domain-flipping business. Start with a small budget and learn the tricks of the trade before jumping into the big league. You need to put in a little effort and you will start earning a profit sooner or later. We welcome you in the domain flipping business and best wishes.
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