Domain Flipping For A Profit – Is This A Good Idea?

domain flipping for a profit

The term “Flipping” basically means to buy something for a low price and then sell it for a higher price.

Domain flipping for a profit is something that people have been doing pretty much as long as the internet’s been around.

Companies like GoDaddy, Namecheap and Google Domains give consumers the ability to buy available domains with just the click of a few buttons and a credit card.

There are some pretty cool success stories about people who have bought domain names and then gotten rich from just one or two big sales.

These stories are few and far between but the sheer simplicity of it is just about enough to make anybody curious about this potential opportunity.

Just look at the story of Page Howe.

 

This guy hit it big in the domain flipping business. It’s stories like his that make people want to try their hand at domain flipping.

He owned two domains that made him filthy rich. Seniors.com and Guy.com

He sold Seniors.com, which he purchased for $100,000, for $1.8 million (or $1.5 million after commission). A few months later, he sold Guy.com for $1 million. He had only owned the domain for about a month.

This is an amazing story and I have to admit that it got me thinking about flipping domains.

I started looking into this opportunity and I soon realized that Howe’s story was one of the very few of it’s kind.

Sure there were a lot of other people making money flipping domains but it wasn’t huge dollars. More common flips would be buying a domain for $50 and then selling it for $100.

This is still a pretty good profit margin and it’s not hard work but there is some risk involved.

You could buy a domain that nobody ever wants to buy and then you’ve just wasted money.

To make any sustainable and reliable income from this you’d have to really study the industry and work at it everyday like a real job. Even then, you might not make any money.

 

The Good Ones Are Gone

I’ve done quite a bit of domain research over the years and I have to say it’s looking pretty bleak.

A few years ago the big thing was single word domains. People would buy up any single word domains no matter what they were with the hope that some big company would want or need them and pay top dollar.

Just look at a word like “staples”. If it weren’t for the office supply store nobody would ever suspect that one day someone would pay huge money for that domain.

If I could go back in time I would buy all sorts of domains like NBC.com, Nike.com, Mcdonalds.com and so on and so forth.

Obviously these domains were snapped up by the companies very early on in the internet age but just imagine what those monster companies would have paid for those.

This was a legitimate way to make some extra cash if you were on the ball but unfortunately this has come and gone already.

You will be hard pressed to find any decent single word domains even available anymore.

 

A Better Option?

If you like the idea of making money online and you want to get involved in something that could help you make passive and stable income from the comfort of your own home then I might have a good idea for you.

I’m sure you’ve come across all sorts of scams and sleazy sales pitches in your search for a way to make money online. I have too.

The internet is full of get rich quick schemes and empty promises that just take your money and run.

I’ve had my fair share of experiences with programs like that and to be honest, they make me sick.

One thing I can guarantee you is that I’ll never promise you easy money, mansions, sports cars or private jets.

Anyone who promises that you’ll be able to get all of those things is outright lying and you should hit that back button ASAP.

The way I always recommend people start making money online is with affiliate marketing.

Affiliate marketing won’t get you rich overnight and even when you do start making money it won’t be easy money. If it’s easy money you’re after then you should leave this website.

With affiliate marketing you can become your own boss and not only make money from home but you’ll be able to do it from anywhere with an internet connection.

Here are some awesome benefits of making money from affiliate marketing.

  • no more boss
  • stable and reliable income
  • the sky is the limit
  • no experience required (here’s a free training program)
  • make your own hours
  • recession proof
  • travel when you want

Those are just a few of the reason I love being an affiliate marketer. Domain flipping for a profit is possible under the right circumstances but the chances of success are very slim.

I would highly recommend you looking further into becoming an affiliate marketer if you want to make money online or from home.

There are some really great training programs that teach affiliate marketing but I always recommend this one first because it’s the most thorough, the most beginner friendly and it has a free trial.

Thanks for stopping by today. If you have any questions or comments please use the field below and I’ll be sure to get back to you ASAP.

Cheers,

Robert

 

Domain Flipping For A Profit – Is This A Good Idea?
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