How to Flip Domain Names – In 3 Easy Steps!
The old saying, "You have to spend money to make money," is still very much alive. Spending money is maybe one of the most effective way to make money. You do not have to spend thousands or even hundreds to make good money. How you ask? The internet! The internet has allowed us people to take advantage and make money. There are many ways to make money, the easiest way is to "flip a domain". Flipping domains is buying a web domain for cheap and turning right around and selling it for more. Think of it as internet real estate, you buy a property for little money then sell it for more! This can make you anywhere from $ 20 to even $ 200 or more! There are a few tips to help you maximize your income from flipping domains.
1.) FIND DOMAIN NAME
This step is perhaps the easiest, if done correctly. You can search on many websites such as GoDaddy and eBay. These supply you with many oiptions to choose from. The trick to this step is to buy low, but sell high! This way you can make more profit and can buy more domain names. This is like flipping property, but less work, less risk, and much cheaper.
This is one of the most critical steps. If you do not put the word out then your chances of selling are VERY slim. We live in the twenty-first century, which means means social media and internet. If you do not have a Twitter, Facebook, or YouTube account, MAKE ONE. This will give you the leg up on your competitors. It will take minimal effort to advertise your "internet property". Make sure you do not overload your followers and friends with advertisements! This will do more harm than good.
The last step, obliviously, is to sell! Once you found a buyer you can then sell the domain to him or her and take in your profit. You can buy and sell many domain names at once to maximize your take as much as possible.
Utilizing these three steps in domain buying and selling will help you big time. Finding the domain that is worth selling is the first part. You can easily find these. The second step, the most important, is to advertise your bought property. This can be done by social medias. Last step is to sell! Once that is done, you make a great profit!