Domain Flipping: How do you make money ? Beginner Guide!

domain flipping

In this post, we’re going to explain how to flipping domains for profit. First, What is the domain name? if you’re a beginner you might have this question: a domain name is; “where someone can access a website”. So, it’s the .com, it’s the .net, .org.  it is the address at which someone can get to a website. And you can purchase those things, you can actually pretty much lease them because you don’t actually own a domain name. Once you buy it, you have to pay every year to be able to reserve that domain name for yourself.

Domain names are actually super cheap, they only cost about $10 a year. Which is an awesome deal!  The thing is people can flip them so if you purchase a domain name you reserved it for yourself for a year.

For example, someone is interested in buying that domain name from you and becoming the new person who’s going to lease it, you can actually make quite a bit of money from just having reserved it for yourself and then sold it to someone else. So it’s just a simple flip!

Now to a beginner, you might be wondering where I even start Domain flipping business?

This article is for you, it is going to be an absolute walkthrough of the process from research to purchasing to selling your domain name.

For in this process, we’re going to be buying a couple of domain names and we’re going to be reserving them for other people to purchase online. So, if I sell any of these domain names in the future, I will make another post and let you know how much money I made from them.

How long it take time?

How long it took to actually flip the domain names that we purchased? The first thing that you need to know is what niche you’re going to focus on, if you don’t know, what a niche is?  It’s just a target market who are you trying to serve? what is going to be your specialty? within the realm of choosing domain names.

Now there are lots of different kinds of domains that you could purchase. It’s just maybe there’s something specific that interests you more than anything else.

Now let’s have a look at something I’m interested in for example; I have an awesome solar panel.  I absolutely love taking that to get around town.  It’s so much fun and solar energy has become more and more popular.

I can validate that statement by having a look at Google Trends.

I’m just going into Google Trends and show you what I found for the term “solar energy” now as you can see over the past couple of year’s solar energy products have become extremely popular, they are highly trending in Google.

People are searching for them, they’re interested. There’s a good affiliate Commission that you can make on these products. You could even sell them yourself online if you wanted to deal with shipping them yourself.

It’s a lot of work but I would probably go the dropshipping route with this product but it’s definitely something that people are interested in.

 The brands name of my solar energy and it’s called a green eco.  now something I would absolutely not do is purchase that brand name because it is covered by copyright laws and lots of other things that are a brand name that belongs to a company.  do not touch brand names that already exist even if it’s a misspell or anything like that.  you don’t want to go down that route because you have legal risks and things like that.

 of course, I’m not your financial advisor, I’m not your tax specialist and I’m not your lawyer. if you have any questions with regards to these things definitely talk to a specialist in your area but it is a well-known thing that you don’t want to buy domain names that have to do with established companies. 

How to Choose Right Domain for Flipping?

So, if you find a good niche, you can definitely start focusing on it but think large! right down the list of niches that interest you or topics or things that are you are interested in other types of domains that are popular or you could have a look at our first name last name domains.

 

Personal name

let’s say! for example; cristina, of course, if you look for cristina.com. I’m absolutely sure it’s taken but if you could think of names others are more popular in certain countries or things like that first name last name eventually there might be someone who would be interested in purchasing that domain name and you could flip it to that person.

Business Name

Other popular domain names consist of business names. so, if you could think of a couple of cool business names or things that would potentially become a business.  You could purchase those domain names.

Now, if you’re going for company names, you might be tempted by those short catchy startup names. I just want to let you know that a lot of startups are coming up with names and not even purchasing .com

Of course, everyone should be purchasing a dot-com. this is a general knowledge thing, people type something into the search bar they’re going to be looking for a dot-com that’s one thing but some of these companies know that they’re going to be ranking very quickly.

on the query, such as “solar power”,  those are just the examples; I’d like to take solar power does not solarpower .com. if you go to this website you’re not going to see a new product there, they only supply the information and who actually provide the solar products, they have another domain name,  and their name doesn’t have anything to do with solar and their domain name is rdone  dot com.

So, definitely think of startup names or business names that would be interested in purchasing a .com

Art keywords

Another route that you could take art keywords .so, keywords are words that people would actually type into Google.  our own website name is based on that working from home. this is people who are looking to learn how to make money from home. So, if they’re typing that into Google, they will find our website.

Expire Domain

if you still can’t think of an industry or anything that you’re interested in purchasing domain names,  you could always check out just justdropped.com or expiredomain.net.

they provide a bunch of domain names that were just dropped or that people did not renew. So, they purchased it for a year, for example, and then did not pay for it for a second year. they’re no longer the people who are actually leasing it.

so, if you’re interested in purchasing a domain that someone previously on and you could resell it that is something that you could do.

we’re not going to look down that route, we’re really going to focus on actually finding something that you believe could have the potential to be flipped in the future.

Validate-Domain Flipping

the next step in flipping domain names consists of actually validating if that domain name is available.  let’s actually see if someone has reserved it yet or not and if it’s not reserved let’s purchase it. if we know that there’s a potential for it to be flipped in the future.

Where to buy Domain?

we’re going to take the solar product and put it into our next step in a second, those are two keywords and we’re going to see what I give when we search for it to purchase that domain name.  we’re going to take our solar product idea. and we’re gonna drop it right into Namecheap

domain flipping namecheap

Now I have chosen Namecheap to purchase domain names after a lot of research, this is an honest review  (if you click on this link, I will receive an affiliate commission if you purchased a domain name through my link._

this is after a lot of trial and error and I know that name cheap is a product that I use absolutely every day and I love you will see my back end where I have a lot of domain names that I purchased.  if I’m recommending Namecheap, it is because I actually believe that it is the best domain name solution out there.

Namecheap offers amazing support and their back-end is extremely easy to understand, the third advantage is that they allow you to sell your domain names right from within their platform. So, you can just click on the sell domain name and push it online.

 

Compare the domain in Namecheap

step so let’s go right back to our second step we’re gone drop solar product into Namecheap and we’re gonna look for the dot-com.  Wow so as you can see someone is actually selling this domain name for over $5,000 !! that is amazing!

back-end office

we’re looking at here and that domain name will renew at about $10 u.s. in the future so someone literally reserved it for $10 a year and it’s flipping it for over $5000!

So, that’s a pretty much five thousand dollar profit which is absolutely Amazing. so you can imagine the potential of flipping domain names online.

Buy Domain

so I’m definitely not going to purchase that domain name because it’s already reserved and it’s way too expensive for our budget. we’re definitely looking for $10 domain names at the moment right now.

so as you can see  it is based on a couple of keywords solar, product. it’s trending & definitely super interesting. let’s mix this up a little bit let’s look for productsolarmarket, that’s available but it is super long and I’m not sure everyone anyone’s going to look for it.

but it’s available, so, as you can see this one is worth about $9 a year so that’s super interesting.  you’re just going to have to take a bunch of your domain name ideas put them in there, try to get the dot-com or anything else, if you’re interested but you can go very far I mean there’s .com,  is the best.

there’s just so many these days and the dot-com is the one that people are actually typing into Google like we might know a little bit more because we know how we can purchase these domain names and have different endings to them.

but most people are looking for a .com.  so, if you want to unless you’re creating a trendy startup go for the dot-com. once we found a domain name that we actually want to purchase. we’re going to click on Add to Cart and then view cart, this is where we can purchase the domain name. sometimes Namecheap has promo codes they also have really cool promotions.

Once, you’ve confirmed your order, you will wind up there where you can create your log in your account if you don’t have one yet so just fill in your information to create your account and continue.

Sell domain

Once, you’ve confirmed your purchase the next step will be to sell your domain name make it available for purchase.

what we’re gonna do is go into our backend and there are some things that are blacked out because it’s confidential information but as you can see I have a domain name that is for sale right there.

I’m just gonna go add another one, all I’m going to do is click on all of my domains. so my domain list and then we’re going to click on sell domain, all the way at the bottom of the page so just scroll down to the bottom of the page and click on sell domain.

Then you’re going to be able to enter your listing information. your asking price, how much you’re selling it for your Period? so how long it’s going to be available for you?  could add a little description if you would like and then you can list it within a category.

now if it’s an adult list, the thing you’re going to have to indicate that right there then click on sell domain.  it will be available for sale in the interface just like we did in our search.

How do we make money by Domain Flipping?

that’s how you can list your own domain name for sale. let’s have a look at how passive this is? how expensive it is? and things like that flipping domain names fairly make money, all you have to do is purchase some really good domain names that have the potential to resell in the future and then park them in your interface and pay for them every year.

 How many domain names you can purchase?

It really depends on your budget.  do you have a very big-budget and you can purchase a lot of domain names and you’re not too worried about the risk of actually not selling them because that risk exists in that case- go for it spend five hundred dollars on a couple of domain names reserve them and then flip them on Namecheap?

this is not very difficult especially if you’re a beginner we just went through the tutorial right now the biggest part of the work is going to be actually finding the niche or the ideas or the keywords or the topics that are really interesting. also definitely make sure not to take established business names or even spelling mistakes and things like that it’s not a good idea that’s what’s going to make you the most time the research but once it’s up and running you don’t really have much to do as long as you don’t choose extremely seasonal names.

the return on investment can be excellent because if you list the domain name. so people might actually negotiate it there can be an auction process in place and you might not sell it for the price that you listed it at but you’ll have to agree if you have a whole bunch of people bidding on this domain name and people are bidding very low definitely keep it wait until someone bids high because there’s actual interest in it.

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