Domain flipping
is the act of buying a domain name and selling to another for a reasonable amount
of profit. This explanation gives the business a sense of oversimplified
simplicity. Unfortunately, most people are quick to jump into this and are
quick to jump out when their fingers have already been burnt. It is easy to go
to a registrant and register for a domain, but when it comes to selling, you
will find out that it is a much harder game.
It may be
difficult especially when you have not made a due diligent to research about
the prospective name that you want to buy. Some just trust their guts and buy arbitrarily
without making any research. They might be lucky to sell for a good profit, and
they will be out there in forums shouting, ‘facile’( Facile is a latin word for
easy). The difficulties become bare when he is not able to replicate his success
consistently over time. So he is out of business, for the soul of business is consistency.
To be consistent
and successful in domain flipping, you must have to approach it like a
professional. The following tips will help you in doing that.
Learn what constitutes
a Valuable domain name
If you must
buy to sell, you must buy a name that has value. It is the value that is in the
name that the buyer will be going for. We dealt extensively with this in the
post ‘how
to determine the value of domain names’. In this
