While everyone wants to earn money (yes, everyone), we always keep looking for legit ways of making money.
A rule of thumb that I follow is when I purchase a domain name I have to believe that I can flip it for a 100% profit.
So if I spend $200 on a domain I need to feel like I can sell it for no less than $400. This way, even if I’m wrong in my estimation I still have some room to still turn a profit.
Honestly, domain flipping is one of my most successful channels of income when it comes to the internet marketing world. It’s also one of the easiest in my opinion.
Buying a good domain name and selling it over time is a common way for domain investors to turn a profit. Most good domain names are already registered and the ones that aren’t have to be developed from the ground up.
If you are looking into domains that are currently registered, you have a few options to consider:
– Domain Marketplace/Auctions: A domain marketplace is where other domain owners list their domains for sale. They can be purchased through an offer/counter offer system or by competing with other buyers through an auction. Our Expired Domain Auction is a good place to start.
– Contacting the Owner Directly: You can cut out the middle man by contacting the owner of the desired domain directly. To find the owner’s contact information, you’ll need to do a whois lookup.
While can make money by easily flipping domain names, here are some other ways to make money easily using Domain Names:
– Park the domain with a domain parking service: Almost dead these days, but also depends on the CPC of the keywords comprising your domain name
– Build a website for your domain: The Best Option if you have confidence in building a successful business of your own!