Domain Flipping Business: How To Get Started
Domain flipping business is one of the easiest online businesses that can guarantee you good profit if you know how to flip it. Domain flipping has been on for a very long time but Nigerians are just beginning to embrace this line of online business and even though most of the very good one word domain names have been taken, you can still make something out of it.
Did you know that Z.com was recently sold at $6,784,000?
Hotels.com was sold at $11,000,000
Whisky.com was sold at $3,100,000
Toys.com was sold at $5,100,000
Fb.com was sold at $8,500,000
Dating.com was sold at $1,750,000
Prince.com was sold at $235,000
Click here for more record breaking domain sales.
Domain flipping is the process of buying a domain name for a low price and selling it for a higher price to a buyer. You can make a potential profit of between 100% and up to 10000% for a single domain sale and all you have to do is buy a domain name from a domain registrar like Godaddy.com or buy through an online auction at Namejet and resell through domain markets sites like Sedo.comor Bido.com.
Most one word, LLL (3 letters domain names) and LLLL (4 letters domain names) names have been taken so most people buy trending words that are quite easy to remember like estatesoftware.com, insurancebrokers.com and the likes, then list them for sale through the domain market sites listed above.
A domain name is quite cheap and simple to buy and can be bought between N500 to N2,000 as long as it is a free domain name that no one owns with your with Atm card. You can also buy a domain name and park it for future sale or buy a domain name, develop a website that would send traffic to it and sell.
There are various methods of doing this kind of profitable online venture as professional domain flippers can go as far as buying a domain name for thousands of dollars and resell for a higher amount or park them and wait for the value of that domain name to increase before reselling.
To learn more about domain flipping business you can go through this forum www.namepros.com. The forum covers all aspects of domain flipping business because you do not want to buy a domain name that no one would end up buying it from you.
Kindly drop your comments if you have any question and i will gladly reply you.
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