It is no secret that the Internet, in addition to being a bastion of free information and communication, is a valuable marketplace that can be tapped for major commercial use. Businesses both big and small can thrive in this digital space, with many opportunities available for money to be made. And unlike in many other industries, where the barrier to entry is high, you don’t need to be an expert at web design or a well-funded entrepreneur to earn money off of a website. In fact, you can earn cash online with domain name flipping quite quickly and easily.
What is domain name flipping? The concept is quite similar to that of house flipping in real estate, but with this digital real estate, the required investment is much lower – in terms of both time and money. Additionally, you don’t need to have prior experience running an Internet empire or a vast network of connections to get in business. All you need is a bit of effort and creativity.
With domain name flipping, unlike house flipping, you start from scratch. In many ways, this is good, as you don’t have to spend time or money tearing anything apart and won’t be hindered by mistakes made in the past by someone else. You start with a clean slate by purchasing an unused domain name; this is a minimal investment, but even so, you need to spend your money wisely. Picking a marketable name is key, as you won’t have success selling a flipped site if there is no interest in the domain name you are offering.
What makes a good domain name for flipping? Truly, it depends upon the niche in which you’re working. Names that are overly generic may not be the most desirable, but obscure keywords won’t work well either. Sometimes, it is best to just trust your gut and settle on something that you just think sounds good.
Once you have chosen a name, the fun of flipping begins. At this point, you will simply want to add just enough content to the state to make a skeleton of what a successful site may look like. In fact, sometimes less can be more because having a blank slate can allow a prospective buyer to create his own vision, making the website more valuable to him. The more valuable a website is to buyers, the more money you stand to make.
To sell your site, you can list it on any number of flipping websites. These sites help market for you and draw potential buyers who can bid on your site so you can re-invest in another.