Skip to main content

Domain name Flipping- how to earn from it

Domain Name Flipping - Can you make profit

Those who are into building website finds hard to choose their preferred domain names.To their utter  disappointment when they learn that their preferred domain name has already been taken.  What did you do?  Most individuals will move on and choose another name.  On the other hand, some will make a purchase offer, which can be very high.  How does that impact you? 

If you want to make easy money online, you need to familiarize yourself with the phrase “domain name flipping.”  Domain name flipping is used to describe the process of buying and reselling a domain name.  The average internet user thinks nothing of this practice.  This is because most are unaware of the earning potentials.



How does domain name flipping translate into income

Say you live in Los Angeles California.  A business owner decides to start a business selling handmade clothes and the company need's a website.  Not only can a website drive traffic to a brick and mortar store, but generate online and phone orders too.  It is rare for a business owner not to have an online website these days.  So, what does this mean?  It means they start building a website, but first they need a domain good domain name   

Most business owners will opt for a name that is their business name or a slight variation.  For example, the above mentioned business owner may want the domain name LAhandmade.com.  Since there are millions of websites on the internet, most good domain names are already in use.  This means that the business owner in question may be unable to use their business name or a slight variation of it.  Unlike an individual wanting to start a personal website, a business owner rarely gives up.  Most will make a purchase offer.

Since business owners are the ones who are likely to pay the most money for a domain name, it is important to choose your name wisely.  Don’t just head over to a website that sells domain names and type in a bunch of letters.  Instead, be creative.  Think of catchy business names for plumbers, salon owners, and so forth.  A catchy domain name is one that is likely to sell for a large profit may not be today but in future.

Investing in domain name

In addition to just guessing, use research to your advantage.  Is their a new building being built in your hometown?  Why not stop by for a quick conversation with a construction worker.  Ask what is being built.  Business that operate on a national level typically reserve domain names in advance, but not small business owner.  Get the name and head home.  See if the business name or slight variations of it are available with a .com address.  If so, buy it.  You will pay as little as $10 on average.

As previously stated, a business owner who wants a domain name is likely to make a purchase offer.  For that to happen, they need to know how to find you.  Make it easy.  Do not hide your association with your domain name by using a common cloaking service.  Make it easy for potential buyers to find you. 

If you have good customer service and selling skills, approach the business owner.  Let them know you are the name owner and that you will offer them a discounted price.  Of course, don’t let it be too much of a discount.  If you suspect a business owner is willing to pay $10,000 for a domain name, offer them a discount.

In addition to waiting for someone to approach to buy your domain name, start generating ideas.  Did you know that many people turn to the internet to research business names?  Give them ideas and let them know that the domain name is available for sale.  As previously stated, many are disappointed when their business name or variation isn’t available in .com format.  Some business owners research domain names before choosing a name.  By knowing they can make the purchase, many do.

Comments

Popular posts from this blog

Content Marketing| Benefits Of Content Visualization.

 There is a line in the Queens song - ‘I want it all and I want it now’.   We always want to learn fast and try to a absorb as much as information that we have received. To take care of this issue and to meet the demand of the modern day audience visual content is a must. Lets us now look into some of the content marketing strategy of 2020. 1. Videos the most important tool for visual content. Why it is important? a. Your audience would get board easily when going through text. If you convert your text to videos, your messages would be more clear to your target audience. b. You can easily narrate step by step instructions related to  your product or service. c. You can convey your emotions regarding any product or services through videos. d. Are you giving demo of your product or services using videos? e. Write your video script carefully highlighting the advantages of your product or services. f. Share the industry experience in your field highlighting where you stand. g. Tell your cu

Want To Boost Your Communication Performance- Here Is The Way.

Marketing and sales professionals are still guessing when it comes to determining which message is effective and why. Despite the fact that more than a billion marketing messages are created every day across digital media. "Artificial intelligence is capable of producing more than a thousand tweets for marketers, but selecting the appropriate one remains difficult. Within the next several years, it's conceivable that material provided by AI will replace humans as the industry standard. Click here to read more.