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Hey today I want to share with you my domain flipping guide to making the most money buying and selling domain names.
Before I begin. Click on the link below to discover tricks and ideas to make more money with affiliate marketing.
The way domain flipping works is you buy a domain name for one price and you sale it for a higher price. There are a lot of extensions, but I highly recommend sticking to just dot com names.
How do you find these good domains to buy? I recommend a website called Godaddy Appraisal. Then what you want to do is any domain where there is money in it such as mortgage or cannabis for example.
Look for an extension that makes sense that nobody has. The more you play with the Godaddy Appraisal system the more you can see how the market is.
If refinance storm dot com sold for $2,000 then mortgage storm dot com probably will sale for a similar price given enough time.
The truth is nobody really knows, there is still a gamble to it. Anyone who can guarantee anything or says they know the future is full of shit.
Sure it takes a lot of work to find a dot com name that isn't taken, but when you do you can buy it. If you are really serious about investing in domain names then the Godaddy Club allows you to buy dot com names for $8.47 and pay that every year, which is a nice discount from what you normally would pay and that is $14.99 a year.
This is a great tip for you.
So you purchased a few domains names you like,how do you sale them? What you don't want to do is auction them off because you will not make that much money on them.
The way to really make money with domain names is to hold them for a long time and get top dollar.
The first place is the domain name itself. A good program is Efty and that allows you to keep much more of the money. Uniregistry allows you to sale the domain name on the name itself except you have to give 20% of the money if it sales through Uniregistry.
You can also list it on the search engine itself with uniregistry.
You can also sale it with Godaddy itself, but you have to pay 20% of the money to Godaddy if it sales through Godaddy. Afternic is another website that I recommend listing the domain name from. Sedo is another one.
When you list the domain show comparative sales by using the Godaddy appraisal system. You can also use estibot that gives you cost per click of the domain name itself and how much traffic it gets. Lastly there is a website called the Way Back Machine.
This allows you to see how old the domain is. If someone developed on the domain 20 years ago, mention that when you sale it because it ads value.
In the end comparative sales really determines the price and there is a lot of luck involved. You also might get some low ball offers and the way to make money is not going for the low ball offers but to hold out for top dollar and that takes time.
I hope you got some value from this content on domain flipping guide. It is fun to look for domain names and re-list them, but you do need money and you need lots of time.
