Hey everyone, I came across the subject of domain flipping, and i looked up the basics of it, but I just can't visualize the results that people say they've had with domain flipping. However I am interested enough to learn more about it. Is there anyone that tried domain flipping and was succesful with it, or not. How was your experience, and would you reccomend it?
as an idea it has been around for many years, and it gets harder each year. main thing is to find a way to increase the value of whatever it is you buy, eg increase traffic or sales. Thats the hard part. Thats where you earn your profit. No way is flipping `easy` money, its a business and should be treated as such.
There are two main strategies for flipping domains. The first strategy involves buying a domain name and then reselling it without first building a website or otherwise developing the domain name. The second strategy involved buying a domain name and then building a website and potentially even marketing the website and monetizing the website before attempting to sell the website for a profit. The profit potential from flipping a website can be quite significant because many domain name buyers like to see things like a domain that has an existing website with Google rankings, pages indexed by the search engines, backlinks, etc. However, the major con to flipping a website is that you of course have to A) Possess some web development/SEO/copywriting skills and you also have to B) Be willing to put in the time and effort into developing the website and monetizing the domain name. There can also be significant profit potential from flipping domain names without websites. The real key to buying and selling domain names for profit is twofold: A) Consistently find domain names at a bargain (our domain name tools can help with this) and B) Consistently find domainers or even better end users that want to buy your domain names.
Thanks guys,That's alot of good information, and a great starting resource. I'm gonna look further into it, and see if it is something I wanna get into. Thanks guys for the great response.
I can agree with the fact that it gets harder each year. The best way is to develop a website off of a domain then resell it. Quick flipping domains is possible but you have to find them first very cheap to resell.
well on this point, I am a little bit lucky, 4-5 years ago, I was still a greenhand in domain industry, out of curiosity, I registered 0755*, short name of course, not long after, a guy from Shenzhen mainland CN contacted me via QQ, and hoped to get this domain with a price beyond my expectation. hahah, terrific memory
domain flipping works and you can make a ton of money but picking out the good names that other people and companies will want to buy is a skill that not a lot of people have.
Most newbie domainers are losing money. You need intimiate knowledge about a market and the value of domains to have any chance of making any money. As a general rule, only register domains you would develop. If you don't see value in it enough to want to develop it, there likely isn't much value in the domain to begin with.
I bought $ 100 , 2 years ago a website with Pr 2, Today it become Pr 5, it revenue $ 340 recently. I want to sell today the price around $ 3000, Someone want to buy my website , but I can not give them, Some tips for flipping website: Generally speaking, there are two main approaches that can form your strategy, and mastering both will be highly beneficial. Just for the record, these are: Short Term Flipping Long Term Flipping Both of the names are fairly self explanatory, and over this guide we’re going to be looking to both, and giving you a firm idea of what each entails, as well as how you should plan things out, and accomplish them. Frankly speaking, the foundation of any strategy involving flipping ends up taking the following rough form: 1. Evaluating the potential of websites that are for sale 2. Carrying out improvements and ‘boosts’Once you’ve picked a website that has the potential you feel is needed, the next step is to actually put into action the improvements that you thought you could make, while looking for additional ways to improve on the website too. 3. Packaging together the website and selling it Instead, you’ll want to actively sell the website, and make sure that any potential buyers are aware of why they’d want to buy your website, in terms of what your website could offer them!
you dont have to build a website on a domain and package it with the domain to be able to flip it. you can just buy a domain by itself and do nothing with it and flip the domain. it doesnt matter if its short term or long term, its just whenever the right buyer shows up.
But you may wait for ages paying for renew every year. I've been involved in this business for about 5 years and now I see that domain flipping without website development really becomes worthless.
how is it worthless? you dont have to wait for ages. if you have good names the buyers will find you through the whois. if you wait forever and nobody emails you about it then the names arent good.
It's not that simple. And it depends on your price expectations. It's quite easy to flip a domain for a reseller price but if you want to find an end buyer you really have to wait for him.
So true, the only difference is that flipping as become "trendy" but like any other trend in domaining, it will pass. Nobody can tell or predict how good flipping is, but only your own experience and desire to get involved and try.
A lot of top domainers go with a portfolio strategy. The thing is that, domains are generally not liquid investments. That means, you might stumble across a great two word domain, and register it. You might be able to sell it to the right buyer eventually for $5,000. But, the right buyer has to want it first, before you can sell it. They might realize it tomorrow, or they might realize it 5 years from now... and aside from soliciting potential buyers, there's not much you can do to speed up the process. An active seller of domains might sell around 5 to 10% of their domains in the course of a year. So, with that in mind, you'd probably want to build up a good portfolio of domains that you can flip when the right buyer comes around. Having a portfolio of names also makes you less desperate to sell names whenever an offer comes in - because, since domain names are not very liquid - it's important to make a good return on the names that you actually do sell. Good luck - hope you can make some money flipping domains!
I like innd11's post the best. He pretty much summed everything up. The only thing I would add to that is... to get a sense of what it's like buying and selling domains, you have to try it. It's not for most people. One, the domain renewals add up fast. Two, you likely won't be getting a sale if you only have 10-20 domains, unless you sell them super cheap. Three, you need patience. In one year, you are likely to get 0.30 offers for a domain. So that's 3 years of waiting for 1 sale. But I enjoy it. I like the risk, and I've got enough competence to be a domainer and a webmaster at the same time. It takes time. This is my 6th year doing it.
I don't actively sell domains. But from my experience, you can create demand from potential buyers if you develop the site even a little bit. With A parked domain, buyers might think you are an amateur who will sell the domain low. But if you create a blog with wordpress or other white label site, it will pick up SEO and other traffic, and visitors will see the site as an attractive property. In addition, motivated buyers will see the site as competition if it closely resembles one of their other online businesses/stores/blogs and will want to buy you out, usually at an above market price to entice you to settle quickly so they can get rid of the competition. I've had several random buyers contact me over the years to buy a domain I had developed, and offered me very good prices to sell the domain. I generally don't like to sell a domain for under a hundred bucks because its kinda a hassle. My few domain sales have been in the mid-hundreds or several thousands dollars.
Easiest thing to do is to simply go to flippa.com or similar websites and then "reverse engineer" previous sales. You can look at what websites recently sold, what the buyer was looking for, how much it went for, then go for similar websites to sell. A very useful tool to figure out if a website is worth flipping is SEMrush.com. Hope this helps!