Hello! Welcome to my "How To Make Money Buying And Selling Domain Names?" guide!
Over the years, the internet has been developing rapidly that people have already what they call, "web life".
With that, new ways of earning money online have emerged.
In this guide, I will teach you how to make money buying and selling domain names.
If you don't know what it is or you don't have any background with it, don't worry because I got your back!
Let's get started now!
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What Are Domain Names?
Before anything else, let's get to know the main thing about this guide, domain names.
What are domain names?
They are basically the addresses of the websites you type on your browser.
For example, in this page, the domain name is, www.fulltimehomebusiness.com.
The computers we have today, use IP addresses. You are probably familiar with this term.
They are very important because computers use them to connect and communicate with each other.
However, it is a bit difficult for us to remember IP addresses because these are composed of a series of numbers.
And that's when domain names were created. They are used to identify addresses on the internet.
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Parts of a Web Address
To better identify what domain names are, let's take https://www.thisistheexample.com.ph.
- Subddomain (www)
- Domain name (thisistheexample.com.ph)
- Top Level Domain (com)
- Second Level Domain (ph)
Most of the time, top level domains are used as a suffix to represent which one does the domain belong to.
Some of these are:
- com- commercial businesses; most common TLD
- gov- U.S. government agencies
- edu- Educational institutions such as universities
- org- Organizations (mostly nonprofit)
- mil- Military
- net- Network organizations
And usually, the second level domains specify the country. The one in the example uses ph which is for the Philippines.
But...
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There's more to domain names than meets the eye.
If we use an analogy to domain names, then they are like real estate. They are the land or property in the world wide web.
That's is why we can earn money with them through buying and selling domain names.
How Does It Work?
Like I told you above, domain names are like real estate.
So how to make money buying and selling domain names?
It is pretty simple.
You buy domain names from a domain registrar, at a reasonable price.
After that, there are certain websites where you can sell your domain names at a much larger price of your choice!
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Truths About Domain Flipping
Before going to the step-by-step process, you should know these truths about buying and selling domain names.
You will not get lots of money overnight
Well, you probably heard a lot of motivational stories about how a person became a millionaire with the "web real estate", domain names.
Well, I got to tell you, you will not become rich overnight.
Those people worked for a long time, buying and selling domain names to reach that status.
In fact, there are only a few domain names out there that can make you earn a six-figure money.
However, if you do exert time and effort in this business, then your chances to become richer will be higher.
Domain Buy-and-Sell is an active process
Buying and selling domain names is NOT a passive process but an active one.
You will not earn money with it if you don't work for it.
That's why you have to invest your time and effort on it. Look for the best domain names to buy then look for the best buyers.
It requires you to be active to earn good profits.
In fact, I found out that most domain flipping experts consider the domain name you just bought as a "hot property".
That means that you have to do a lot of things to maximize the opportunities you can get. You have to pick the best time to sell it.
Most of the professionals even require the help of people with great marketing expertise, also research and networking skills.
There are a lot of good domain names
NEVER think that all good domain names are already taken.
As of today, there are millions of domain names for sale in the market.
With that kind of number, do you think all good domain names are taken?
I don't think so.
Also, you can always incorporate two or three keywords to your domains.
.COMS will not always be the best choice
You are probably thinking that.coms are the best choice since you always encounter it.
Also most of you misunderstand that good .com domains are difficult to find because they are expensive in the marketplace.
Well, truth is you can alwasy find .com domains at affordable price.
But...
You have to discover them at different marketplaces.
YOU CAN MAKE MONEY WITH IT
To reassure you, yes, you can make money with buying and selling domain names.
It may require a lot of skills and expertise and also time and effort, but don't worry.
All of those will produce a very nice fruit.
So... how to make money buying and selling domain names?
Here are the steps to do it!
Steps To Do It
#1 Know your budget first
Just like all other business, the first thing you need to know is to know your budget!
This is very crucial because by making financial calculations, you will be able to know if you can make a profitable business.
Start investing on a small scale basis first.
Afterwards, when you are getting used to the business and you are set in the field, then start on bigger investments.
#2 Choose a great niche
The next step is choosing a great niche for your domain.
There are lots of niches out there. It could be travel sites, dating sites, car and auto parts, food, toys and many more.
Choosing a great niche is very important in making lots of profits.
It will help you find great domains, as well as finding buyers who would be interested with your domain name.
#3 Look for hot keywords
After choosing a niche, you have to look for the hot keywords people search regarding that niche.
Domain names that have a great traffic and number of searches will bring you good profit.
You can use tools such as Google Keyword Planner or Niche Finder for looking for hot keywords.
#4 Buy a domain name
This is the part where you buy your domain name.
First, you have to choose a great domain registrar.
What are domain registrars?
These are companies that register and manage domain names around the world.
This is where you look for your domain names that you will buy.
Some domain registrars are:
#5 Build you domain portfolio
Building a domain portfolio is another crucial part in selling domain names.
This is the part where you try to "groom" your domain names so that buyers will be more interested to choose them.
Building a good and strong domain portfolio is very challenging.
But don't worry, in the end, it will be so worth it.
#6 Use sales strategies
There are three common strategies that domain flippers use.
- Set price - You can use this for domains with huge portfolio and when you are not in a rush to sell.
- Auction - Some websites such as GoDaddy and Namecheap follow this system. You can sell your domain names to the highest bidder.
- Offer - You make offers to your buyers.
#7 Sell your domain name
This is the last step, which is selling your domain name. There are several websites where you can sell your domain names.
Some of them are:
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I don't need any expertise or skills!
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This business is a lot more profitable than domain flipping!
Tips About Domain Flipping
Never sell right away
In order for you to maximize your profit, do not sell right away!
Narrow down your buyers and also, make some research and build your portfolio stronger.
Be patient.
It is a lot better to wait for months or even years to earn a much larger profit than just earn less.
Keep an eye for domain with page rank
There are some domains that were used by businesses.
They may be expiring, but hey, they will still be of good use because they have good traffic and backlinks.
These are very valuable and the previous owner have already made the SEO work.
That's less of a hassle for you.
Choose a great niche and hot keywords
Like I told you above, this part is very very crucial.
These two will really help you find more buyers and earn larger profits.
Learn to be creative and better in choosing niches and keywords.
Bottom Line
Now that you know how to make money buying and selling domain names, I hope you like my guide.
If you have some questions or comments, please feel free to leave them in the comment section!
Today, a lot of ways to earn money from home and online are emerging.
Like for example, reward sites. They reward you with money by completing tasks such as:
With the internet and other technology, even a "web real estate" exists now!
Isn't that fascinating?
Domain flipping is a great way to earn a great amount of money.
People have been successful with it! However, it takes a lot of time and effort. Even requires some specific set of skills and expertise.
Before going to this business, it is very important that you fully understand the business.
But if you ask me, what is the best way to work online?
My answer will always be the same.
This is How I Make Money from Home!
So.. yes. Affiliate marketing. I have been doing it for years already.
Basically, you just apply for affiliate programs online and then promote the products and services offered by the company you are working with.
You will be given links which you can put on your websites. Each time a person clicks on those links, you get paid. EASY.
This is a lot better compared to buying and selling domain names.
WHY?
- You can work anytime and anywhere
- It is easy and fun
- You are your own boss
- YOU CAN EARN A PASSIVE INCOME!
Yes. You don't have to work on it. You just post them on your websites and let the money come!
Even if you leave alone your website for months, as long as the links are there, you can still earn money.
With affiliate marketing, I earn affiliate commissions on a daily basis just like this!
My November affiliate commissions thanks to Wealthy Affiliate!
Flipping Domain Names is one of the most profitable online business ventures you could take upon. The margins are infinite you could earn from around a couple of bucks up to tens and thousands of dollars if you do the job right.I have been thinking of doing this since I have some capital to start off with because of the allowance I was given to, hopefully, I could acquire more ways to make money so that I may live independently and live with freedom on my back.Online business, after all, is something very portable, lucrative and easier than having a brick and mortar business that you need to manage every time. Great informative article about domain name flipping.I think I will be doing this in the near future.
Hello Rizza! Thank you for reading my article. I wish you good luck on your domain flipping journey. Research and learn more about it before starting.
Hi AdrianneThis is a really interesting topic that you have covered here about flipping domains, it’s definitely an area of making money online that you don’t hear too much about. I do have a couple of questions, when starting out how many domain names would you consider to make up a good portfolio and what is the minimum budget you would recommend when getting into this to have the best chance of success.Thanks again.
Hello, Dominic! You are absolutely right. Domain flipping is not something you always hear everyday. It can be so profitable, but a bit challenging to the new ones. When you are starting out, I recommend that you work on ONE domain only, first. Get to know the process and work on it. There are cheap domains out there that sell around $10 to $50. And you can make a hundred or even a thousand-dollar profit from them. I recommend having $10 to $50, when you are still starting.
I actually managed to sell a domain name on Sedo about four years ago now. It had been housing a health blog I was working on, but things didn’t turn out so profitably with it, so I was left with the domain. I think it went for just over $100 in the end, which is a great return due to it only costing about $11 to first register it. Shows how simple the whole process can be – it wasn’t even that clever a name!
Hello, Chris! $11 to $100? That’s already great! With more management and grooming, your domains would earn you a lot more than that, my friend.