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Introduction To Domain Flipping
Buying and selling domain names can be an exceptionally lucrative venture to get into, however if you are starting off with very little cash flow, it's always best to purchase lower cost domains and generate small profits as you work your way up to larger flips.
I have sold hundreds of domain names that I secured from marketplaces like Ebay and resold on marketplaces like NamePros.com or DNForum.com. While the marketplaces where domain sales are most lucrative will change from that of website flipping, the game remains the same with your focus being on locating and purchasing low cost domains and flipping them for a higher price.
One of the great aspects of domain flipping is that the efforts required are minimal. No longer must you locate or integrate content, tweak website pages, outsource tasks, or transfer websites.
All you need to do is find memorable, appealing domain names in niche markets and sell them to buyers, eager to create their own website on this domain.
Furthermore, the risks are quite low as are the investment costs, and once you have set up your system so that you are generating daily profits, it will require no more than one hour a day to keep the cash flow going.
Many of my partners, students and friends are earning $500 - $2,500 per week from flipping low cost domain names, while others have gone to
secure high value domain names that are generating them revenue even before they are resold.
It's not a difficult business to get into, if you follow my simple guide to buying and selling domain names.
To start, you will want to create accounts at the following places, where you can both buy and sell domain names:
www.NamePros.com www.DNForum.com www.Ebay.com www.SitePoint.com
Choosing Winning Domains
When it comes to finding the best domain names, the easiest route to take is in exploring the expired domain listings.
With expired domain names, it simply means that they have previously been registered and left to expire. These are far more appealing to buyers due to the fact that they are considered 'aged', despite the fact that they have expired and are no longer active domains.
I use a few different resources when locating expired domain names that I believe to be winners, one being the free service located at www.WSMDomains.com and http://www.RedHotDomainNames.com
Here, you are able to access and download lengthy listings of both expired domain names as well as domains that are about to expire.
Download lists of expired domain names each day, and run them through a filtering script, such as the one available at: www.alouwebdesign.ca
Another filtering tool is available at: www.DomainPunch.com/products/domainfilter and it’s entirely free.
What this script will do is enable you to sort through the listings of domains by extension, as well as weed through domains that have numbers or hyphens.
It’s quite flexible in how you can set it up to filter through these lists for you, hands free.
Best of all, it can handle very large text based lists.
Download and install the software and check it out. You will find it will save you an incredible amount of time and make the job easier and more enjoyable. When it comes to purchasing domain names for resale, you want to stick with the top level extension, the dot com, and avoid any domains with numbers, or other characters.
You will also want to focus on searching for expired domain names that are as short as possible, and with utilities such as the one available at alouwebdesign.ca, you are able to search through your lists by setting a maximum and minimum length, meaning that you can sort through the domains so that only ones that are shorter will appear.
Personally, I set the maximum length to 20 characters and of course, the minimum to zero, so that it includes the shortest domain names on my expired lists. You will also need to enter in specific keywords, these are words that when contained within any of the expired domains, will be included in the results page after you have entered in your list and filtered through the results.
Creating a keyword swipe file is an ongoing job, and one that you should concentrate a lot of effort on, as the more prime keywords you enter into the software, the better your chances of finding true gems.
This comes down to the niche markets you cater to, and you should take a bit of time to start creating a list of keywords in a text file that you can copy and paste into the software.
Apart from targeted keywords, you should also consider thinking outside the box a bit, by drumming up a list of memorable keywords that when added to a domain can be used for branding purposes.
I've sold countless domain names contrived of two keywords that really made no sense together but because of the sound, the appeal and the brandability factor, they were gobbled up quickly.
Think about some of the Internet's most popular websites like Twitter.com, Facebook.com or FeedBurner.com whose domains are off the beaten path but definitely memorable, which is one of the best important elements of a domain names profitability.
Take some time to get familiar with both the expired domain websites as well as the software available to help you manage the lists and weed through potential gems. Once you have sorted through your lists, it's time to run the remaining domains through a bulk domain registration tool, to determine what domains are still available, as others downloading these lists may have scooped up a few already.
One great resource for checking large domain lists for availability is available at www.Moniker.com where you can enter in hundreds of domain names and allow the software to validate whether the domains are available or have been registered.
With Moniker, you can check up to 500 domains at once, which will free up a lot of your time so you can continue searching for solid and available domain names. You can visit Monikers bulk domain registration page at: http://www.Moniker.com/domains/batch_reg.jsp
On this page you will see the following form:
Once you have a solid listing of available domain names, it's time to follow the advice of many who have garnered wealth in the domain industry for many years through proper and careful selection.
Copy and paste a portion of your domains from your list into the text box. Remember, it can only check 500 at a time.
Once you have entered them in, click the Search tab to send your query off. Wait a few minutes for the results. (This can sometimes take a few minutes, so be patient). When checking for domain names you can choose to have Moniker search for only dot com extensions which is what you should focus on primarily, when you are new to domain names.