Articles by "Domain Flipping"
Showing posts with label Domain Flipping. Show all posts
no image

0
We have covered sevearl topics on making many online on this website. Domain flipping is another way to earn an income online  with little or no experience. Domain flipping in simple terms is the act of buying domain names and reselling them at a higer price. Some gurus have testified of  making making millions of dollars by selling their domains. The latest figure i have had from domain flipping is $165,000 made in two months by a popular doamin flipper Ali Zandi  with a profits of 58K dollars.  This figures were metioned in a post on domain sherpa  one of the most popular sites for  domain reviews. It always look great when we find  People celebrating glory. At times we just make a decision without cahecking out the challenges. In my last post, i wrote on;

 Advantages of Flipping domains as an online business

Many people especially my Cameroon brothers wrote  asking me how to get started. Most of them did not tell me the challenges they will encounter. This is why i had to write this post for everyone to know the ugly side of domain fliiping.  Knowing the other side of any business helps you in preparing for the challenges. What are we going to see here?



Time Consuming
This is the greatest challenge when it comes to domain flipping.  You need time to research on the type of domain to buy.
You equally need to research on topics people are searching for word with Google adwords Tool or Bing key word tool.   Many people don’t like to buy newly registered domains since they cannot be transferred in less than 60 days. As a domain flipper you should not be expecting sales within the first two months of the domain purchase from your registrar.   Some domains take more than two years to be monetize which might end up being stressful on your path. 

You Might Feel discouraged
This is very common after year one of flipping. After doing business you cannot find any profits in your bank account and it seem you should quit. Why did you get started? Were you ready for this challenge? This feeling always makes many newbies to  jump  from one online business to another which in all end up  as the zero dollar story. It is quiet sad when it ends like that.  This is why I always tell  those I mentor to stay focused in whatever there are doing. 

It Invloves Risk
Like every business, domain flipping involves risk. If you cannot do the right thing you might end up making nothing. Some people buy domain names without even knowing who the buyer will be. Sometimes you might buy domains that violate trademarks or with bad back links which no one light be interested in.  There are other risks involve in flipping domain, however everything can be put under control with a good plan and strategy.

Consumes Cash
If you like eating pizza while working you might need to give it a halt when starting your flipping business. At the start you need to put in cash in buying domain and if possible getting some email marketing tool or auto responder for your promotions and campaigns. This is just for the start, no one like to be broke. With time you might get back to your usual life style if things are done the right way.

You are Likely to Make Many Mistakes
This is very common with newbies in the flipping business. Some common mistakes you can make as a domain flipper includes: Include buying many domains, buying the wring domain, selling at a cheaper rate and more. In the next part we will see some mistakes which you must avoid when it comes to flipping domains.



 Read:  9 Mistakes to Avoid When Flipping Domains 

 This is what i have regarding the cons of domain flipping as an online business. Knowing them should not discourage you if you are thinking of getting started. Set a plan on how you will overcome these Challenges as sale through. In my  opinion domain flipping is a great business to go about to anyone who has the ability to research and willing to   exercise patience .
If you want quick cash then domain flipping might not be the good business for you.

                               What is your opinion when it comes to domain flipping?
Read more »

0


Domain flipping is one the ways people earn good morning online from home. Site like Godaddy(Goddady Auctions) , Flippa, namecheap and others are very popular when it comes to flipping domain. Many people have made substantial income from domain flipping which made them to fire their boss.

 There is always a reson to get into any business and a reason not to as well. Domain flipping  is not a get rich quick thing. It is a business and requires investment, strategies and methods in order to make conversions. Don’t get into domain flipping out of excitement.  There are several advantages of flipping domains for an online business. In this post we have pointed out seven main adavantages . 


1.    It easy to get started with
For you to start flipping  domain names, all you need is a computer, internet connect, credit card and time to do the purchase . With 7-15 dollars you can buy a domain name to get started. This means you can get things done with 20 dollars in your account to be on the better side. With such an investment you can get more than 100 percent profits.
 How does it feel like if you sell a domain name for 200 dollars? Great  for sure.
How much did you invest?  10-15 dollars.
This is why I said it is easy to get started with. All you have to do is think of the right name to buy at the right time. 

2.    No Previous experience required
It is true previous experience count when it comes to being successful any business.  When it comes to making money online, the strategist implemented by the marketer at any given time will determine the success. This goes with domain flipping. All you need to do is understand what it is all about, where it is done, get involve ,act and start saving some cash in your account.  Some people have spent many years buying domain name (experience) but had never made a conversion while some newbies had made sales from day one.   Even my grand ma can do it why not you?

 3. No coding skills or knowledge required
            Many people think you need to have coding knowledge in order to get on with website  business            
  I have two points when it comes to being successful in any path, interest and   determination.  Flipping domains do not require coding skills. It is about understanding the needs of individuals and business when it comes to purchasing domain names. You can always decide where to start.

3.    No  need space to store domain names

This is one of the most noted advantages of flipping domains. Domain names are not like good which require a warehouse for storage. Once you purchase your domain name it remains of the site where you did the purchase.  You don’t need a hard drive or some cloud storage to store the domains you have purchased. This gives you the ability to purchase as many domains as you wish and thus worth giving it a preference. 

4.    No shipping cost when it comes to domain transfer
Another reason why flipping domains is a good business is that, it require no shipping cost. The buyer is responsible for making any payment in order to transfer the domain to his account if necessary.
Transferring domain from one host to another require some fees. However most companies all ways give free one year renewal making which seem more like a free transfer of domain name.
In addition when you sell a domain name, you just need to give  the customer every details he or she need  so that the domain transfer can take place. Permit me to throw more light on domain transfer.

  What is required to transfer a domain  ?
To transfer domains to the same host depends on the company involve. I have many domains with Godaddy .  Some of my clients usually provide their name servers for me to update while other request for a complete transfer of the domain.

 Transferring   domains to another account on the same hosts(Domain name move)  easy.  All you need is the customers email, reference number, phone number and name. Any other detail needed will be easy to find.

On the other hand to transfer a domain name from one host to another is easier on your side as a domain flipper.  You need to do the following on your path
i.                      Unlock the domain name.
ii.                    If you enable private registration, then you have to disable or cancel it before the domain is transferred.
iii.                  Get the transfer key which will be communicated to the buyer. It is also known as the authorization code or EPP. This is needed to authorize the transfer process.
iv.                 Lastly make sure Administrator email should be correct. This ensures all emails regarding the transfer are delivered to the new registrants account.
The entire process can take less than 5 minutes.

In all, the process involves staying in front of your PC while taking some coffee. This makes it less stressful while earning some big cash. This is what makes domain flipping beneficial to some lazy newbies. Oh no, not you!
        
5.    Can use domain names
When you purchase a domain name, you can park it to redirect to sites you own to increase traffic.  If you don’t have a website to redirect your website to, you can join a program like 1&1 domain parking which permits you to make money when someone do a purchase through your domain.  In all I am trying to say. You can be making use of your domain while it is listed for auction on any flipping website.  

6.    No Maintenance Cost
You don’t need to pay any money after purchasing a domain name. However, you might be required to do   website maintenance   if you have design one for the domain you intend to sell, since there are three ways to flip domains.  

7.    No after sale Worries
Once a domain name has been purchased and transferred. The deal is sealed. You will not get calls or emails from the buyer requesting for help. If that happens then it might result to another deal which will lead to a plus in your account balance. I hope you are getting what am trying to say here.  

Permit me end here. I believe the point mentioned above will give you a clear picture as regards domain flipping especially when it comes to its benefits. Like any other business they are some disadvantages that will always be there to accompany the advantages.  Making a decision involves putting the ups and down together . After doing this you can think of getting started you just say good bye to that big dream. Do you have any experience flipping domains? We will be gald if you can share with us.
Read more »
no image

0



As many look up to earn online from home domain flipping is always available as an option. This involves buying and selling domain names.  With many poeple into the business it has some challenges   Being aware of this challenges does not make you the best. his is very common with newbies in the flipping business.  Once you get in there are many things you have to do in order to make sales . However there are some mistakes you need to avoid when flipping domains. In this post we will see mistake #1-#9 and you will contribute in making the tenth mistake or correcting it. Some common mistakes you can make as a domain flipper includes: 

1. Buying many domain names for the start.
You need to research more for the start than buying more domain name. Get one to five and hold tight to them while hustling.

2. selling domain at a lower prize
     This  is  very common even with the pro fliipers. You have to be strategic when making a deal. For example if someone contact me for a domain deal, my prize will be higher than the prize i would have proposed if am the one who contaced the person. Equaly make sure yoou get to know the person who wants to buy the domain .

3. keeping your domains ‘’idle’’.
What I mean here is that some people keep their domain waiting for the buyer without making use of it.

4. Lack of proper marketing strategies
     In an effort to market your domain. You might become a victim of spamming since you are eager to send bulk emails.

5. Expecting sales
I understand how eager you might be to make your first deal. Well, don’t be expecting that. Focus on the best strategies and selling a domain name will be something normal to you. It is not what we call in my country ‘’Buyamsellam’’. There is some work to do to make conversions.

6. Need Big Cash
Hey, my friend doesn’t put the prize of your domain at $7000 because Ali Zandi made 58,000 dollars profits on 8 domains. His strategies, domain age and others might not be the same like yours.  Cut your coat according to your size. If you cannot set good prizes for your domains they might end up renewing your domains forever. Selling many domains can also give you big cash than focusing on getting thousands of dollars on a single domain. If , you can sell ten domains at lets say 100 dollars each, then  $1k is at hand with an investment of about 100-150 dollars. That is good business bro. Rome was not build in a single day.

7. Buying irrelevant domain names
As a domain flipper you should be aware that people know where to buy domain names. Avoid buying long domain names such as myvillagemycountrymytown.com.
 Very few people might be interested in such domain names.  
Another irrelevant domain type will be domain with hyphens. The only selling domains names with hyphens are domain names that contain key word.
For example :  learning-english-online.com can be a good domain
But bill-consulting-group.com might not be a good name to buy.
In order to be on the safe side avoid domain names with hyphens, till you understand the rules of the game. If not you might just end up sharing some bucks to big names like Goddady and Namecheap in the name of domain flipping.

8. Allowing domains to expire
When I started blogging, I was using the free .blogspot.com domain. Someone purchased my domain name domain name ransbiz.com  when he noticed my blog was doing well. I noticed this domain name was actually on sale but was scared to contact this person because it will raise awareness and cost me more cash.
 I decided to wait for a whole year to see what this flipper will do. Unfortunately for him, he allowed the domain to expire which I happily bought on Godaddy. Can you get my point?
As a  domain flipper try to increase your risk. The moment to make the big cash might just be near.

9. Being an Anonymous Seller
In today’s generation everyone likes to know a little about the person he or she is doing with business.  When you send business email to potential customers it is always necessary to have a social media presence which will permit them to get more information about you. Make sure your profile are updated and ‘’rich’’. If possible attach links to your social media profiles when contacting potential clients.  This equally gives the buyer some confidence in making a deal with you. Don’t be known as ‘’Mr Paul Nkwetacha ‘’ in your email that cannot be found anywhere online. It just like ending a quotation with ‘’anonymous’’.

 10. what mistake can you add ? 

 Do you know the advantgaes of Flipping a domain? Check this write up

Advantages of Flipping domains as an online business
Read more »
Subscribe to: Posts (Atom)