Thursday, February 10, 2011

Take These 3 Domain Flipping Strategies And Make More Money

Author: David Bain

Today the Internet is chock full of business opportunities and entrepreneurs who are making lots of money--some are even earning six figure incomes while not ever leaving their homes. One specific business that has turned out to be quite the money maker is "domain flipping" which is the simple art of buying domain names and then selling them for a profit. You don't need any real skills to be a good domain flipper. You just need to have the right mindset, with the right tools/methods. In this article we are going to look at a few easy and very effective methods for flipping domains that will actually give you the results you want.
1) If you are a domain flipper then you need to remain alert and a good way to track your potential domain names is to keep an eye on the latest tech news. This isn't hard to do; just find the popular and regularly updated tech blogs and subscribe to them. This is also a great way to find out about new gadgets and games and software tools, etc.

The real reason, obviously, to do this is that the tech universe turns quickly and if a specific product or service becomes really popular, people will be flooding to the search engines to find out more about it. If you can show future buyers just how popular the site is and how many searches are done for your keyword, you'll be able to demand a much higher price for it. In order to truly take advantage of the opportunities like these you need to keep your eyes open and jump on the really good domain names.

2) Domain registrars are always offering discounts and sales so stay aware of them. Obviously the real reason that you are exploring domain flipping is that it is a real and honest business so you need to focus primarily on buying names for as low a price as you can and then selling them for as high a price as you can get.

If you look around, you may be able to find discount coupons that let you buy a domain name for as low as $1! If you search online, you'll be able to find dedicated sites that are regularly updated with the discount codes for different registrars, so you can easily keep a track of them this way. You should track these deals and sales so that you can find the lowest buying prices and the highest selling prices.
3) Keep your eyes looking for new domain name extensions; new ones are released all the time. It's a good idea to grab a popular generic domain name and register it with one of the new domain extensions, because if you don't, someone else will. The goal here is to get the best domain names on the market, no matter what their extensions may be because all domain names have value and, as a domain flipper, you should be able to see that.In conclusion, from the above article we come to understand how simple things can influence your domain flipping business and actually help you uncover domains that are profitable. It you are a new domain flipper it might take some time before you really start making money. The key to real success is to take regular action and be patient. Every person that's into the domain flipping business knows for a fact that ever domain they buy won't prove to be a jackpot, so make sure you develop a good risk taking ability.

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About the Author

Internet marketing expert David Bain is author of the "13 Pillars of Internet Marketing" free Internet Marketing eBook and founder of the "26-Week Internet Marketing Plan".

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