Domain flipping business in 2016:
Domain flipping business is there for a long time and still increasing as more and more number of people are engaging online. For India, it is a growing market looking it’s a potential number of users which are rushing towards digital India. The thing is you have to just buy one good high ranking domain name and sell it. Is it that easy? No, .you need plans to get big bucks for flipping domains. The real challenges is you have wait and you have to be careful while choosing domain name.
For instance Ebet.com (which was purchased for $100 in 1996 by Rick Schwartz) was sold in 2013 for 1.35 million dollars.
Technically though, what Rick did was not a flip. Flipping is characterized by short term purchases in which the buyer improves the site and then on sells it at a higher price due to the value added. Rick didn’t make any improvements to the site; in fact he didn’t have a site. He purchased a ‘blue chip’ domain name and simply held it until its value was sufficiently high to realize enormous profits.
There is also a way to get money from quick selling but that ranges nearly $50 to $2000 in flippa.
Don’t buy any cheap domain name ideally. First do research then go for buying. If you do not know how to choose domain name follow my post how to choose worthy domain .
There is also some other ways to make money from domains like domain parking.
Let’s go in basic questions which will help you in entire domain business.
what is domain parking?
Domain parking is like renting your domain to someone for placing advertisement. You can park your domains to earn some cash from the advertisement placed. Some of the popular domain parking sites are–
who should perk domains?
If you have 2 or 3 domains domain parking is not for you. Why i say this because the source of income is from advertisement. If a visitor comes a see a page with advertisement and no content , there is very less chances of spending time on the page. Thereby less chances of getting clicked or viewed those ads. A owner with lots of domains helps him to earn a good sum of money.
what is domain appraisal?
Domain appraisal is asking someone value of your domain. You can get domain appraisal in domain registering website or platform like flippa.
These are top 10 highest paid domains of all time –
- Insurance.com $35.6 million in 2010
- VacationRentals.com $35 million in 2007
- PrivateJet.com $30.18 million in 2012
- Internet.com $18 million in 2009
- 360.com $17 million in 2015
- Insure.com $16 million in 2009
- Fund.com 2008 £9.99 million
- Sex.com for $14 million in November 2014
- Hotels.com $11 million in 2001
- Porn.com 2007 $9.5 million
sourced from wiki
The most recent highest sold domain is Mi.com with $ 3.6 million in 2014 by xiaomi.
I want to go somewhat brief with some examples of domain flippers.
Marc Ostrofsky- an expert in domain flipping. He has been doing it many years and did build a empire from it.
You can also join domain flipping course from Marc. Let’s he what strategic we need for flipping a domain.
Always remember to do some research before you buy a domain and not to buy 1000 domains unessarily without having any potential benefit from those domains.What Marc says on this–
Marc: Sell 900 of them and manage 100 better names. You’re better off
managing 10 or 20 or 30 really valuable names than you are 2,000 semi
valuable. Flip those; put your time, effort and money in 10. Let’s assume you
had 10 really good names, you’re going to do everything you can to make
those names more valuable, one is an asset and one is equity.
Best domain flipping site:
Most popular and risk free domain flipping market
Sedo is best for domain flipping auction.
Empire flippers is really awesome in flipping a domain having much traffic. Though empireflipping is mainly a website selling portal.They have more than 10 million plus dollars in sales.
And there a long list of domain flipping sites in the net.But here summing up with few of them.