How to start a domain flipping business | $2543 Per Month

How to start a Domain flipping business, yeah, I mean buying website names and selling them for a really high price.

Now in this video im going to take you guys step by step, of the start-up cost, expenses, and also the profits of this business.

– Now just for some proof, this month, these domains here have carrot.com sold for more than 500k and these here the big dogs like voice.com have sold for 30million

How to start a domain flipping business | 3157 Per Month

Start-up Cost:
Its all about your budget, how much money do you have to invest in this
Some domains Cost: $2 and some cost 30 million

Top Selling domains in History: 30million voice ( this year) and SXE sold for 14million (2005)

Expenses:
Cost of Domain and holding it
Privacy of the domain to hide your address ( 10-15$)
Renewing every year you to hold it

Tip: You can sign up for a virtual address an office ad use that address and use a business number to avoid paying 10 per domain.

Profit:
Resell value:
Example the voice.com gets around 673k searches per month ( that’s a lot of revenue every time someone clicks
Imagine SXE 37million searcher per month and tons of ads

How to

To buy Domains:
– Godaddy
– Flippa.com
– Namecheap.com

1. Know your budget
– How much are you willing to spend on Domains and how much do you have

2. Pick a niche of focus
– Understand the industry
– Understand the buyer

3. Find names that offer real value ( how keywords and this is sometimes short term)
– Fidgetspinner.com or replaytiktok.com things that are hot at the moment and you might be able to sell
– Keyword SEO checking: Checking the traffic the domain will provide for that industry or person
– Including Keywords in the domain ( While being reader-friendly and catchy
– Questions: Why would someone want this domain,
what type of domains does that industry/market want
How do they spend on advertising
How will the domain help them ( its less about you and more about them)

4. Check Domain availability
– Local Also: see what’s going on in your local area and see what that industry you pick might want. Bronxrealestate.com
– 17 characters or less
– No special characters
– Find existing ones (might still be profitable)
– If you can find the domain keyword, find domains relating to it
– Consider .com .net and other stuff
how:
– I use go daddy link down below
– And also go Daddy Action to check prices and the market
Link: https://auctions.godaddy.com/

5. Evaluate The price ( Is it in your price range

How?
You can use namebio.com
Link: https://namebio.com/
– To see how much similar domains have sold for
Godaddy to see how much they are listed for
Also Afternic link: https://www.afternic.com/

Also http://dnjournal.com ( to see the months latest sales )

Appraise the value:
link: https://www.godaddy.com/domain-value-appraisal

Tips:
Be patient
First with your price and have reason ( but also flexible for offers)
6. Get your Domains Front and center ( Put it out there in the market )
– Pick a place with good rating and history in the better business bureau
– Approche people that are In the market and understand the value
– Never sell right away it’s not about quick cash its about doing research and holding and comparing offers

Selling:
Sedo: https://sedo.com/us/?language=us
Name Jet: http://www.namejet.com/default.aspx
Igloo: http://www.igloo.com/
Godaddy: https://www.godaddy.com/
Domainnamesales: https://domainnamesales.com/about-us/
7. Risk
– Legal trouble for using very similar domain names to a brand
– Liquidity of money: You might have to hold for years until you can make a profit
– Value: is depending on the market and the person you’re selling it to

Final thoughts
It’s a holding game, and it’s a game of finding the right buyer, that might take years or months who knows.

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Disclosure & Educational Disclaimer:
Some links in this video may be affiliate links, and I may earn a commission. Content is educational and accurate as of posting; offers may change. I’m an accountant but not your accountant; always consult your own accountant/CPA or financial advisor. No income or results are guaranteed.

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