Tips on Buying and Selling Domain Names

It can seem like a crazy idea but some people have actually made money buying, selling and flipping domain names. Some have become millionaires doing this. I will show you how it's done and teach you what you need to know to get started. Here's what you need to understand:

You can not make money in domain flipping without understanding the market. The domain name market is huge and it gets bigger every day. Some folks make their money buying up domains that are worth less than ten dollars each. Other people make their money selling domains that are worth more than a hundred dollars each. Either way, it's a lot of money.

Domains are sold for a number of different reasons. 1 reason is popular phrases that are in high demand. Hot topics rise in price when people are trying to find answers to questions about the problem they have. So, popular phrases on health and lifestyle websites like"I hate cold temperatures" or"weight loss" or"I hate heat" will immediately gain traction in the domain name's market. Once they gain some momentum, they will be tough to beat.

Another reason people buy domain names is to resell them later. Reselling domain names is one of the fastest growing forms of domain reversing. A few years back domain names were bought and resold with little attention paid to the marketplace. But now there are large directories such as GoDaddy and eBay, where buyers and sellers can register new and old domain names prior to making any sales. So, sellers can buy hot domains, register them and then immediately sell them for great profits.

If you want to make the maximum profit buying and selling domains then you'll need to purchase enough domain names to cover your everyday usage. You must have a minimum of ten domain names registered each with a current Premium domain status. If you are planning on selling all your domain names then you will need to do one of the following: Find a good domain name search engine, enter a list of your preferred domain names and conduct a search. If your domain name is not available from the search results then you will need to buy it from your hosting company.

If you will sell all of your domains then you want to set aside time every day to look through and purchase any domain names you are not using. The most valuable domains are those with no expiration dates and expired domain extensions. As soon as you have bought your domain names, you'll need to find new extensions to register in order for your site visitors can access your site. New extensions cost a little more than regular domain extensions but you can usually sell your old domain names for double the amount of new extensions.