Domain name flipping is one of those things that people either love or hate. Some have made hundreds of thousands of dollars doing it settling into early retirement, while others consider domain flippers to be the scourge of the internet, taking advantage of those looking for a great domain name. In fact, our Domain Name Generators were actually made to both get around domain flippers and to help people to find domains to flip.
Don’t know what all the fuss is about? Not to worry: in this tutorial, we’ll explain what domain flipping means and how the process works.
Domain Flipping Definition
Domain flipping is the process of purchasing a domain name with the intent of selling it at a significantly higher price.
People who buy and sell domain names are commonly called domainers or domain investors. They solely buy domains for the purpose of re-selling them for profit in the future. Domain flipping is such big business because a domain name is one of the most important parts of your business. It is a unique identifier that sets the business apart on the Internet. With millions of websites already on the web, having a domain name that stands out can be the make it or break it point of your business.
So What Is Domain Flipping?
Flipping a domain is not the same as flipping a website. Flipping a website is like flipping a house. You buy it, fix it up, then sell it at a higher value then what you paid for it. Flipping a domain is more like selling one of a kind artwork. It is the only one of its kind and there is nothing else like it. The price of the item is based on the price someone is willing to pay for it. When flipping a website, the domain does not really matter, it is what is inside the site and its outlook that is important. However, when flipping a domain, the quality of the domain is all that matters. See the difference?
Needless to say, the key to successfully flipping domains is to have something that someone else wants and will pay for. The easier to remember and more likely to be searched terms and names will always sell for the highest prices. It is important to check out all the right places such as aftermarket sites like flippa.com and others that will give you the opportunity to flip domains and make some good profit. Remember to only find valuable domains and sell them at the best premium prices. Premium domains warrant the best prices and are known to give the biggest profits.
For more info on how to flip a domain, Check out this article here.