Domain Name Flipping
Domain parking is one of the most popular and profitable online businesses that has been existing since the beginning of the internet era.
Domain name flipping. Domain flipping is the practice of buying a domain name as cheaply as possible. Unlike house flipping however there is essentially nothing to be done with the domain name in order to increase its value. Then without doing anything with the domain you ll sell the domain to an interested party for more than you originally paid.
In fact you can literally turn 100 into over 1000 simply by flipping domain names. While tracking down multi million dollar domain names is incredibly tough it s still very possible to profit from flipping domains for hundreds sometimes thousands of dollars each. If you know how to do it properly.
Domain flipping is the process of purchasing a domain name with the intent of quickly selling it at a significantly higher cost. And although domain flipping remains a touchy subject in certain circles there s no denying the fact that if done properly it can turn into a pretty lucrative business for anyone who invests a bit of research time and effort into it. Some people flip houses others furniture and then there are those who make a living or at least some extra cash when they need it out of flipping domain names.
Domain flipping works similarly to buying a house renovating it or even sometimes just sitting on it and then selling it again at a higher price point. Domain flipping is the process of buying a domain name with a few bucks and selling it above purchased price for a good profit. Making over 100 000 a year is really not a big deal for successful domain flippers.
The domain name industry is quite similar to the real estate industry in a lot of aspects. The title says it all. To get straight to the point.
This is similar to house flipping where a home is purchased and fixed up in order to sell for a quick profit.