Domain flipping for N00bs?

[wsmith810]

Ok so I've been reading a lot more into the fact that people can profit fairly well on flipping domains...

I have a few questions that I haven't really seen outlined in some of the material I was looking through (and believe me I searched a lot of threads in the forum)

- What will bring you more? Obviously something good .com wise is probably worth a lot more than a .biz (someone please correct me if I'm wrong)

- How easy... or rather how long do you have to wait after purchasing the domains before you can sell them?

- Anyone out there have a like to more resources on this... or better yet someone throw me their affiliate link to a good place that does bulk domain buying... (Best if they take paypal) thats why I use Godaddy... but open to new things.

Thanks guys for taking the time to answer some of this stuff for me.

Sincerely,
Bill

 

[wsmith810]

-TTT-

I would appreciate all help given on this, I know a lot of you do this type of work out there.

Thanks,
Bill

 

[Bruce1]

Have you Googled this topic to see if there is more info on the web? Apparantly no one here does much of this. I was sort of curious myself since i started reading about it in a couple of places.

 

[Raize]

I would suggest going on forums that specialize in domain buying and selling. I've learned a lot from sites like dnforum.com and namepros.com

It seems like domains are an easy way to make money at first, but a lot of the quality names are owned by others already. My only advice, if you're going to do it make sure you do it right. Don't be one of those lame people trying to sell crappy domains for $30 bucks a pop.

 

[wsmith810]

No, Im talking about developing a site I buy, putting some original content... some strong backlinks, and flippin that fucker for a profit...

Thanks for the info, will be sure to check out those forums as well.

Bill

 

[droplister]

That's not domain flipping, that's selling a website which is usually done on boards not very much liked here.

Domain flipping is the buying of domains almost like stocks. You buy low sell high as soon as you can and make some parking income in between, but you don't develop it.

 

[Nickflame]

i am doing this, but i a different way.
I register a new domain, park it, push traffic to it, then sell it.
The most recent sale, this is a real case and not bullshitting. I have purchased a domain at the end of july, i have parked it at sedo for the whole august month, and i have pushed traffic to it. The sedo listing was showing around 70,000 uniques that month, this bring me arounf 1200 $ in revenue. after this first month, i have been contacted through the sedo company that a seller wanted to purchase my domain. I sold it for 900 $. I stopped the traffic source, and now i am pushing traffic to other domains. I do not try to sell my domains directly, but better i wait for others to throw in offers.

Hope this helps,
Nick.

 

[Jorge]

- What will bring you more? Obviously something good .com wise is probably worth a lot more than a .biz (someone please correct me if I'm wrong)

Just look at the sales at NameBio.com - Domain name sales history or the weekly list at Domain Name Journal - The Industry News Magazine at DNJournal.com
It's pretty easy to see that .com is king, and always will be. With non-.com's you're usually safe with generic words, but what's nice about .com is you can combine two words that mean absolutely nothing together, and if it sounds brandable, it can be worth more than an "ok" .net one-worder. Short .com's are nice too. I've got Enload.com, Dotton.com, Qwizy.com, and others that roll off the tounge. I'm never going to make millions with them, but since they cost me 6.95 to register, before their year is up, I am positive I can flip them.

- How easy... or rather how long do you have to wait after purchasing the domains before you can sell them?

There is a thread on one of the big domaining forums where one guy says he registered a name and sold it minutes later. The phrase "right place at the right time" really applies to domain names. You'll be marketing the hell out of one group of names, then all of the sudden someone will post a wanted ad for a 6 letter .com that rhymes with cotton. Or you'll forget you owned a name and get an email from sedo saying someone offered you $500 for it.

- Anyone out there have a like to more resources on this...

http://www.wickedfire.com/hosting-domains/17308-some-my-favorite-domaining-links.html#post205413

One of word of advice...by all means, listen to everything everyone has to say. But don't let some asshole that doesn't like your name because he prefers three letter .cc names make you think your name isn't worth anything. I'd say a good majority of heavy internet users have an instinct for what makes a good name, and if you registered/bought a name because you liked it, chances are at least one out of the billions of internet users out there is willing to pay for it.

 

[painperdu]

Find domains that can at least pay for themselves and just let them sit till they rise in value. For instance, if you can buy a domain for $7.00 a year then you would need to earn about .02 cents a day on it to break even -not so hard to do.

Pay attention to blogs, the news, forums, and anywhere else that may help you determine the next "big thing". You have to be quick and vigilant and willing to bite the dust on a few bad names till you come across something of value but when you do it can be worth from a few hundred to a few thousand dollars within a short period of time.

One under-used way of becoming domain rich is to pry them away from people who have no idea of what their valuable name is really worth. Of course you yourself need to learn how to valuate names properly before you start making offers. Just scourer the web emailing people for a price on their name and if it's less than what you think it's really worth buy it.

Play with typos.

Domain squatting -It costs someone from $1,000 to $2,000 to resolve a domain dispute. If you can convince the disputer that you've invested around $900 into logos and building a site for the name then it would be cheaper if they just reimbursed you for it instead of filing a claim ;-)

Play with drops/expireds.

Many times organizations think single mindedly and just register the .Org variant of their name leaving the .Com wide open . . .