There are all sorts of business opportunities online and there are all sorts of people who are making money with those business opportunities (some make as much as six figures a year on the internet).
One particular online business that is rapidly gaining popularity is “domain flipping“, which is nothing but buying and selling domain names for profit.
Now, in order to be a successful domain flipper, you don’t need any special skills. You need to have the right frame of mind and the right tools. In the following article we will be looking into a few simple yet effective domain flipping tips that actually give results when put into action.
1) The shorter the domain name, the more valuable it is, so keep this in mind when you are looking for names to flip. Longer domain names are hard to remember and will be harder to brand. When a buyer is deciding whether or not to buy your domain name, the length will definitely be a factor. Even if you find a domain name that is long and very descriptive, you should avoid it. You can actually demand a higher asking price for domain names that are short and very precise.
2) Avoid hyphenated domain names–no matter if you’re registering something new or buying something used. That’s because you don’t want to sacrifice the quality of your domain names (or make it look that way to the search engines).
Hyphenated domain names are recognized by Google but the search engine doesn’t give as much weight to hyphenated names that it does to names that don’t have dashes. If you want your domain to have the best chances in the search engines and not have any real issues, avoid domain names that have hyphens.
Be care about the TLD you get; only get dot com’s if possible, then dot net and dot org, last. The .com is the most recognized of the three domains, and that is really the best one to have. The entire planet is in love with the dot com extension, so if you can get that one then we urge you to do so.
Apart from buying old domain names, you should also brainstorm some new domain names within a niche with these extensions.
You can do quite well with domain flipping, but you need to learn a few things and then go about getting experience. Without taking consistent action and without having the right level of risk taking capability, it’ll be difficult for you to see any success with buying and selling domain names.
It does not matter if you are a beginner; everybody is a beginner when they start. You can keep it small, or you can make it large – whichever you do, it is up to you and no one else.
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