9. Buy/Sell Domains & (Flipping)

Domains are what make the internet. Every website you come across, every blog you read (independently owned) has a domain name – i. e. the website’s address. For example my domain name is ‘ShashankGupta. net’.

Since domains are the online identity of every website buying and selling of domains is a big business in itself. Generally if I want to start a new website, I will think of a name for it, then go on internet and search with the major domain registrar about the availability of the domain. If the domain is available i. e. it is not owned by anybody else I can buy it at really low price of a few $’s.

How you can make money out of this. Well it’s a simple process. You will need two things though, money to invest and research skills. Think up of some really cool domain names and check them out on the internet, you will find that the domain names have already been taken, in some cases they might be available for sale but at significantly high process. What you need to do is think up some domain names that you think others might be interested in sooner or later. You then check on internet to see if these domains are available. If you get lucky and they are available, then you need to buy and get these domains registered on your name. Now it’s time to sell the domain at higher price! You can either wait for a potential buyer to come to you or you can reach out to them. Either way, if you find an interested buyer, you can choose to sell the domain to them at any price you want. Final pricing will depend on the buyer’s keenness to get the domain.

You can also take part in Domain auctions and you can put your domain for sell at a certain price. Godaddy has this facility; you can register with Godaddy Auctions with $4.99 annual fees. The benefit here is that you don’t need to find people to buy your domain, Godaddy will help people find the domain you own and buy from you.

I myself have some odd 250 domains with me which I sell and make profits 🙂 some of them are www. gmdiet. co. in. mywifegonecrazy. com, ppccourse. in etc

At times you might have difficulty coming up with good domains that aren’t booked. In such scenarios you can keep a lookout for expired domains. Different registrars offer ‘expired domain services’. Once something lucrative comes in the market you can snap it up, and then get on with selling it.

This money making activity has no upper limit on the earnings, however since it requires investment in terms of purchase price and often the holding price of the domain, it’s an activity for those with spare cash and experience in domain selling.

How to Make Money from this:

Study and research the domain market. To start with choose a niche you are comfortable with, so that you can be confident about your domain buying/selling decisions. Register on domain flipping sites, and keep your eyes on the expired domains that come in the market. Think of Famous Celebrities, Products, Services, Events, People, Businesses or Brands who are getting popularity recently, you can book those domains. Once you have found a domain you like, book it, and get tits registration transferred. Now your domain is yours to sell. Either reach out to potential buyers yourself, or wait for a buyer to reach out to you. When you find the right buyer, sell at maximum profit.

Earning potential – Unlimited. The lower you buy, and higher you sell the more money you can make.

Expertise Level required – Good research skills and business acumen is required. If you can sniff a deal from far away then this is the business for you.

Investment required – 10$ – 100$, depending on the domain you are buying. The more you invest the more your earning potential. However make sure to invest in the right domains, or you can lose all your investment too.

Where can you start – sedo. co. uk, afternic. com, ebay. com