kennchronic
Level 1
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I am new to the business of domain and website flipping. I bought some domains including some new ( .xyz, online , club ) domains but I found it is very difficult to sell them. I tried most flipping and auction websites with no luck so far.
I know that premium .com domains are expensive and beyond my budget so I focused on the new extension( xyz. club, online, io, ...etc) domains.
Now I am thinking in developing websites based on some of my domains for flipping but as most of you know already, developing a website may take long time and effort.
Will flipping the domain be more easier and profitable than building a website for flipping?
Which working method can I use in each case to be successful.
Your suggestions will highly be appreciated.
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TommyCarey
I'll go over website flipping first.
Scammers:
Some people will set up a website and claim it's making millions in a month or so and they want to sell it for $100,000. Now this is an instant red flag because if it's making 10 times what the seller is asking for, why would they be selling? I know if I had a website making even $20,000 a month I would be asking for at least $100,000 since that's what the normal business model would be. You can sell a website for roughly a 6-24 month profit depending on if the website has good branding and you can build on it further. Some sellers will even falsify their traffic by buying traffic packages from random websites just so they can submit google analytics reports that show a low bounce rate, high unique visitors and 10 pageviews per visit. Now these are all false, but it's difficult to tell just from images and people will buy. In short, don't be a scammer and say your website is the best when it only gets 3 people a day and making $0.01 a day.
Building The website:
Building a website on a domain is pretty easy for most of us. Putting up shared hosting account and dropping your domain on it with a free wordpress theme is only a few clicks and around $5 a month. If you can set up a website, or auto blog, to generate content for you then this is your best bet. You'll have to edit all the content as it comes in, so make sure you are pulling content from sources that aren't super well known. This way you can become a bigger authority than them and actually get indexed before their pages do. Over time you can generate a good amount of traffic and sell it to a buyer. You can even contact your competition and try selling it to them
Now I'll talk about domain flipping
Time Of Ownership:
You may get what you think is a great domain name, but others don't see how it could be a good one. You could be holding onto that domain for a few years, and that's never really profitable unless you build up a website.
Getting The Right Domain:
Obtaining the right domain can be difficult. You can pay $100 for a great domain and $10 a year after, so now you're looking at $110 for the first two years of ownership. Now you have to sell that domain for at least $110 within the first 2 years in order to break even. Not difficult right? Wrong! You need to get the domain name in front of people and market the hell out of it which takes time. And time is money. Be strategic when buying domains, buy ones you know will sell for sure. Buy domains that are semi taken already, just get a different extension. If someone owns example.com then you buy example.net, example.io, example.biz and so on. This way you can pitch them the domains for a little more than what you paid for.
Buying Pre-Owned Domains:
You can snipe domains that are expiring and sell them back to the website/business that previously owned them. This is kind of a shady method since you could be dealing with lawyers if the business has trademarks on the name. Kind of like if coca-cola.biz was available and you buy it then try selling it to coca-cola.com They would basically give you the money you paid for it and you'd be in hot water if you tried it again lol
Built Up Domains:
Now some people put a lot of time into their websites and build up the domains. You can actually get domains with a decent PR and numerous backlinks which would be easy to rank and bank. Or you can put a website on the domain and build it up a little more and then flip it
In the end, I would say to build up a website on the domain and flip it. It's the less risky of all the method and you can actually make money off of monitizing the pages with adsense. If you're making enough to pay for your hosting, you're on the right way to profiting in the long run.
Thanks,
Razzy Both domain flipping and website flipping have their ups and downs. I'll go over website flipping first. [size=140][u][b]Scammers:[/b][/u][/size] Some people will set up a website and claim it's making millions in a month or so and they want to sell it for $100,000. Now this is an instant red flag because if it's making 10 times what the seller is asking for, why would they be selling? I know if I had a website making even $20,000 a month I would be asking for at least $100,000 since that's what the normal business model would be. You can sell a website for roughly a 6-24 month profit depending on if the website has good branding and you can build on it further. Some sellers will even falsify their traffic by buying traffic packages from random websites just so they can submit google analytics reports that show a low bounce rate, high unique visitors and 10 pageviews per visit. Now these are all false, but it's difficult to tell just from images and people will buy. In short, don't be a scammer and say your website is the best when it only gets 3 people a day and making $0.01 a day. [u][b][size=140]Building The website:[/size][/b][/u] Building a website on a domain is pretty easy for most of us. Putting up shared hosting account and dropping your domain on it with a free wordpress theme is only a few clicks and around $5 a month. If you can set up a website, or auto blog, to generate content for you then this is your best bet. You'll have to edit all the content as it comes in, so make sure you are pulling content from sources that aren't super well known. This way you can become a bigger authority than them and actually get indexed before their pages do. Over time you can generate a good amount of traffic and sell it to a buyer. You can even contact your competition and try selling it to them :D Now I'll talk about domain flipping [u][b][size=140]Time Of Ownership:[/size][/b][/u] You may get what you think is a great domain name, but others don't see how it could be a good one. You could be holding onto that domain for a few years, and that's never really profitable unless you build up a website. [u][b][size=140]Getting The Right Domain:[/size][/b][/u] Obtaining the right domain can be difficult. You can pay $100 for a great domain and $10 a year after, so now you're looking at $110 for the first two years of ownership. Now you have to sell that domain for at least $110 within the first 2 years in order to break even. Not difficult right? Wrong! You need to get the domain name in front of people and market the hell out of it which takes time. And time is money. Be strategic when buying domains, buy ones you know will sell for sure. Buy domains that are semi taken already, just get a different extension. If someone owns example.com then you buy example.net, example.io, example.biz and so on. This way you can pitch them the domains for a little more than what you paid for. [u][b][size=140]Buying Pre-Owned Domains:[/size][/b][/u] You can snipe domains that are expiring and sell them back to the website/business that previously owned them. This is kind of a shady method since you could be dealing with lawyers if the business has trademarks on the name. Kind of like if coca-cola.biz was available and you buy it then try selling it to coca-cola.com They would basically give you the money you paid for it and you'd be in hot water if you tried it again lol :D [u][b][size=140]Built Up Domains:[/size][/b][/u] Now some people put a lot of time into their websites and build up the domains. You can actually get domains with a decent PR and numerous backlinks which would be easy to rank and bank. Or you can put a website on the domain and build it up a little more and then flip it :D In the end, I would say to build up a website on the domain and flip it. It's the less risky of all the method and you can actually make money off of monitizing the pages with adsense. If you're making enough to pay for your hosting, you're on the right way to profiting in the long run. Thanks, Razzy
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