How To Start A Domain Flipping Business
Wondering how online gurus make a full-time income? confused of where to start as the internet is a big world, itself? This is a guide to show you where to start from your online career on the internet map.
You are not alone, a lot of internet marketers and online business owners started with barely no idea of the internet. I am a practical example, before I got to know about the internet, I was totally a computer illiterate with no idea of how to boot a computer. Oh, that is a terrible situation.
It all happened suddenly when a friend introduced me to some internet businesses, and now I am an expert in digital marketing and also a programmer. In essence, what do I mean?
There is no one born with internet marketing skills or whatever knowledge they have, it was the proof of self-education.
In this post, I will be your guide to starting a domain flipping business. Flipping as defined by Wikipedia is a term used primarily in the United States to describe purchasing revenue generating asset and quickly reselling it for profit. Domain flipping is buying domains and selling it to generate profit.
As a newbie, you must wonder what domain name is. Domain name is the web address of a website, blog for example startuptipsdaily.com is a domain known as a top level domain (tld) while guruscoach.com.ng is a Nigerian targeted domain name. Other domain names like ogbongeblog.com, google.com, facebook.com, pulse.ng, etc.
You get the picture, now.
Domain flippers spot good domain names, buy it and sell it at a higher price to make their profit. Some domain names have been sold for $100,000, $200,000, $1,000,000 etc. But as a starter, you should not expect such a thing, nut you can still sell your domain names for $100, $200, $500, $1,000. Domain flipping is a very good online business to start your online career with.
Ads : I have domain Salesytech.com and it is for sale at $300
Advantages (Pros) of Domain Flipping Business
• It is easy for a newbie to start with little to no technical know-how.
• Requires little capital as less as $30
• It does not require much time to operate.
Cons of Domain name Flipping Business
• It takes time to sell your domain as a domain name might take 6 months to find a prospect willing to obtain the domain name.
So, How do you get started? Keep reading.
How to Start Domain Name Flipping Business
To get started with domain flipping business, you do not require a large capital, a capital of N10,000 is a good start for you as a beginner.1. Selection of Domain Name
The quality of domain name you buy matters a lot as that determines the value of your domain name. When selecting a domain name, it is best to get a .com domain name except on some exceptions like .co.uk etc. There are things to look up for when getting a domain name, some of them are but not limited to:• The domain name must be brandable. Companies and individuals cherish brandable domain names as it helps to improve their business and makes branding and marketing easier.
• Domain name should have a keyword with high search. Some companies cherish domain names with their keywords which makes search engine optimization easier.
2. Where to Sell Domain Name
After getting a good domain name, the next thing is to evaluate the value and fix your price. Your price must be competitive enough and attractive to buyers. When you have a price tag for your domain name, you can go ahead and list your domain name on flipping websites like flippa, Sedo, namepros etc.Flippa and Sedo are the top and largest flipping websites. On flippa, you can also flipp your online businesses such as websites, e-commerce businesses, domains, etc.
Registration Guidelines for Flippa
Visit Flippa website at Flippa.comClick on Register
Follow the guidelines and have your account registered
Registration Guidelines for Sedo
Visit sedo website at sedo.com
Click on register
Follow the guidelines and have your account registered
Conclusion
Domain flipping is a very simple online business that you can start your online career with. In online businesses, you need to take your time and exercise patience. Online business is not a get rich quick scheme, it is a long term business.
As you begin your domain flipping business, keep in touch with me; I would love to hear your success story and may be interview you.
Do you want to learn more on how to use digital marketing to increase your domain sale? I have written an epic guide on it on my blog. Click here
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Wish you best of luck.
Hey!! before you go, I have written a guide on how to make money with AdSense in Nigeria, kindly check it out
