How to Buy, Rent, or Trade Domains

How to Flip Domain Names for Passive Income

It may seem like a crazy idea but some people have made money buying, selling and flipping domains. Some have become millionaires doing this. I'm going to show you how it is done and teach you what you will need to know to get started. Here's what you need to understand:

You can not earn money in domain flipping without first understanding the marketplace. The domain name market is enormous and it gets bigger every day. Some people make their money buying up domains which are worth less than ten dollars each. Other people make their money selling domains that are worth more than a hundred dollars each. In any event, it's a lot of money.

Domains are sold for several different reasons. 1 reason is popular phrases that are in high demand. Hot topics rise in price when people are trying to find answers to questions about the problem they have. So, popular phrases on wellness and lifestyle websites such as"I hate cold temperatures" or"weight loss" or"I hate heat" will quickly get traction in the domain name's marketplace. Once they gain a momentum, they'll be hard to beat.

Another reason people buy domain names would be to resell them later. Reselling domain names is one of the fastest growing forms of domain flipping. A couple of years ago domain names were purchased and resold with little attention paid to the marketplace. But today there are large directories like GoDaddy and eBay, where sellers and buyers can register old and new domain names prior to making any sales. So, sellers can purchase hot domain names, register them and then quickly sell them for good profits.

If you would like to earn the maximum profit buying and selling domains then you'll need to buy enough domains to cover your daily usage. You must have a minimum of ten domain names registered each with a current Premium domain status. If you are planning on selling all your domain names then you'll need to do one of the following: Find a fantastic domain name search engine, enter a list of your desired domain names and run a search. If your domain name isn't available from the search results then you'll want to buy it from your hosting company.

If you are going to sell all of your domains then you need to set aside time each day to check through and purchase any domain names you aren't using. The most valuable domain names are those with no expiration dates and expired domain extensions. Once you've purchased your domain names, you will need to discover new extensions to register in order for your site visitors can access your site. New extensions cost a bit more than regular domain extensions but you can usually sell your old domains for twice the amount of new extensions.

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