Domain name flipping is an untapped opportunity for just about anyone to make passive income selling domain names. In the following paragraphs, we will unpack three profit generating, almost secret, tips that you can implement to make money flipping domain names.
Here is some background. Perhaps you are one of the many people who, when you hear the phrase ‘domain name’, simply relate to it as a necessity to have a presence on the web.
That is how most people view domain names. Want a web site? Then you need a domain name.
This is absolutely true. You do need a registered domain name that is directed to you if you want to do business on the web. But, what about all those names registered by people who have done nothing with them? They are paid for and will eventually expire.
Expired domain names is one example of how you can make passive income. You do this through buying and selling expired domain names. This is called domain name flipping.
There are more than three. For this presentation, we will focus on three that are almost secrets. Secrets because, like selling domain names, few people implement them.
Have you ever watched one of the house flipping reality tv shows? One of those shows where you watch an investor buy a house in pretty rough shape, renovate it, and then sell it for a profit.
Domain name flipping follows the same concept. It is the process of buying and reselling a domain name for a profit.
The question you might now be thinking is “How do you flip a domain name?“
As in all things, there is a process. The obvious first step is for you to buy a domain name.
A good place to start is at WebsiteWebHostingServices.com. If you are going to be serious about domain flipping, Website Web Hosting Services offers a gold package where you can register and host unlimited domains.
Wait a minute, I have to host the domain name as well?
No, you don’t. You could register a domain name and then list it for sale on a site like Sedo.com.
However, if you want more exposure and if you want to be able to market the domain, hosting it yourself is the way to go. It gives you many more options.
That brings us to little know tip number 2 …
Another way to make money with a domain name is to use it. In this instance, you really do need a web hosting provider.
Web hosting is what allows content, pictures, and video to display on a website.
The key here is to create a website that you are willing to part with. And, while waiting for that buyer to come along, you can monetize, that is make money off of, the website. There are many ways to monetize a website. The easiest for many when starting out is Google AdSense.
Affiliate programs are another way to monetize your site. This is a common, and effective, way to make money while you sleep. Yes, while you sleep!
And, if you are good at creating websites, then why not create one that you can sell as a monetized turnkey money maker for someone else?
Statistics, as of this writing, show that a monetized website is worth approximately 40 times the average monthly revenue it generates.
This means, for example, if your monetized website has a history of averaging a thousand dollars a month in passive income, then you should expect approximately a forty thousand dollar offer.
You guessed it, there is big bucks in selling a quality money-making website.
The best news is that while you were building and developing this money maker, you were benefiting from the monthly profits.
Here is the conclusion for domain name flipping. Flipping the domain name is only one way. Listed are two other ways. And there are many more opportunities buying and selling domain names.
It is also true that you can make passive income while you sleep. But, there is always a but isn’t there, riches, like success, comes with effort. You need to put some work in before anything comes back.
For additional reading check out this article on selecting domain names.
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