Getting Started with Domain Flipping – If you’re looking for a side hustle to boost your income, domain flipping is a great place to start. By buying low and selling high, you can take a cheap domain name and flip it into a profitable one, all without having to actually design or maintain it. Domain flipping is an increasingly popular gig that many use for supplementary income. While it’s not likely to initially make you lots of money, with enough time and effort, it can be quite profitable. Here’s everything you need to know to get started flipping domains.
In order to flip a domain, you first have to find one to flip. There’s no hard and fast rule on which domains will sell the best, but there are a few common domain names that typically flip faster for more profit.
Expired domains can be extremely lucrative if you take the time to research them. Some expired domains have great SEO weight already built in. Their traffic, backlinks, and ranking history all make good selling points. Just be sure to look into the domain name you want to make sure it’s not carrying unnecessary baggage.
Short domain names are very popular. They’re easier for users to remember and make branding and marketing a lot more manageable. However, short domain names typically cost more to begin with. So only consider them if you have a larger starting budget.
Local domain names are very popular, especially among companies and businesses in that region. Buying .UK and similar extensions is a great way to find enthusiastic buyers while avoiding too much international competition.
Whenever you’re looking to buy domains, keep your budget in mind. Sometimes a domain can sell for a hefty profit right away. Other times it will sit unused for years and then sell for hardly anything more. Buy a wide variety of domains with different price ranges to help your new gig take off.
Now that you own a domain worth selling, you have to find a buyer for it. You can’t just purchase a domain and expect it to sell without any effort on your part. To help find a buyer, follow these steps:
- Make your WHOIS information public so buyers can contact you
- Create a landing page listing your domain flipping services and available domains
- List your domains on a marketplace
- Research potential customers and reach out to them directly
You don’t have to do any work on the websites once you own the domain, but you do need to put in the work to find the right buyer for them.
As long as you take the time and effort needed to find the right domain and secure a seller, you can make a decent profit from domain flipping. Although it probably won’t make you six figures a year, with dedication, you can build a good business from selling flipped domains.