what You Need To Know About Domain Flipping
The term ‘’Domain Flipping’’ refers to obtaining a domain as cheaply as possible and reselling it for profit. Once the domain is sold, you also get to keep the full profit. These domains can range from expired domains used to host websites(which are very popular amongst site builders looking to avoid the Google Sandbox) to brandable names that have flown just under the radar. Some flippers may even buy a domain at a premium price due to the perception that such domains are worth more than they appear. Either way, flippers look for potentially undervalued domain names and buy and hold them until a buyer willing to purchase them comes around. However, that is not all there is to know about domain flipping.
The moment one invests in buying a domain is the same moment that one knows whether or not one will make any profit. Several factors surround buying a profitable domain. Essentially, if you buy a valuable domain at a bargain price, you will profit from reselling it. However, if you buy a domain for more than what it’s worth, or one that no one wants, a domain with a bad history with Google, or even a blacklisted domain, it is a guaranteed loss. That being said, you have to be sure that the domain you wish to invest in will sell profitably. As a result, you need to learn how to determine the value of a domain name.
Determining The Value Of a Domain Name.
- A Premium Extension.
The Top Level Domain (TLD) is the ending or extension of the domain name (such as .com), and it is a crucial factor in determining the demand and value of a domain name. As of June 2020, there were 1,514 TLDs available, and while the numbers will continue to grow, only a few will remain in high demand. The most popular of these TLDs is “.com.” That is, the bigger.com domain names will have the most value.
Other popular TLDs include .net, .org, .co, .io, .ai, and .me. However, although .net and .org make up many sites worldwide, they have been dropping in popularity over the last decade and are still on the decline. One needs to look for domain names with the best extensions. Even brandable domain names that end with the often spam-affiliated .info will attract very few buyers.
2. Brandability.
The most popular websites worldwide all have brandable domains. They are easy to remember, usually less than ten characters, unique and distinctive. They are much easier to flip and often fetch a higher price. And since the buyers with the biggest domain buying budgets are new companies, the brandability and marketability of the site are crucial.
Branding is also crucial in developing fully rounded sites that pass Google’s eye test and give a good user experience. Owning a short and authoritative domain name is great, but it won’t be easy to flip if it is unbrandable.
3. SEO- Friendly.
The domain name should also be SEO-friendly. People should be able to tell what the domain is about by looking at it. Domain names that contain an SEO keyword tend to rank higher overall and also get clicked on more in the search engine result pages. The amount of searches for the keyword in the domain name is also a good indicator of interest in the domain’s niche, which means more buyers will bid for it.
4. Domain Length.
Extensive studies show that one-word and two-word domains were the most popular with VC-backed startups, and over 90 percent of bought domains by startups are short in length. Names with shorter character counts are also in higher demand than their longer counterparts.
Why You Should Consider Domain Flipping with whogohost.com
First, it is easy to get started as a domain flipper. It does not require any special certification or internship. One needs to educate themself about domain flipping and learn to use the publicly available domaining tools before one can begin searching for the right domain names to obtain.
Also, domain flipping has a very low risk because it has a very low barrier to entry. You don’t even have to begin with a large budget. You can buy regularly priced domains as low as $10-$25 and work your way up from there with the profits that you gain.
Compared to many other methods of making money online, the competition in domain flipping is low. Many people assume the golden years of domain flipping were in the late 1990s and that it’s too late to make money flipping domains now. It is talked about less than building niche websites, flipping online businesses, or creating passive income.
In conclusion, it is imperative to note that domain flipping is not a fast way to make money. It is an active process that requires time, motivation, and most especially, patience. As a beginner, you must be willing to make mistakes and learn from them as well. Nonetheless, domain flipping is a minimal-risk method of making money online.
