Hello members of DP, please suggest me. I was interested on domain flipping and thinking of buying page rank domain from auction and sell them to others with some benefits. Who is involved with this business tell me how to do well in this business. I am still not clear about Godaddy's process to buy a domain. As far as I came to know, I will have to make BIDs, if I win the auction, I will have to pay the amount, then If the seller wants to sell the domain to me with that BID amount, he will transfer the domain otherwise if he denies godaddy will send me the money back to my account. But I don't know exactly how much time does godaddy ask for every step (like within how many days do I need to pay to godaddy, within how many days I will get the domain if the seller transfer the domain....etc), can anybody please share his own experience, it will be easier for me to understand. Thank you.
Please delete the post if it is in wrong category. I moved the same topic to here http://forums.digitalpoint.com/showthread.php?t=2175735#post16213866