Domain Flipping is a very hot topic in today internet world. Some people choose a full time careers and some choose as part-time careers in it and make very good money out of it.
What is Domain Flipping?
It is is a process of buying a domain at regular price in a hot keyword and selling quickly at the higher price and made big money. The main key to successful domain flipping business is a right time and right place to buy or acquire a valuable domain name before it will be in a premium amount.
For an example
Someone buy an old car and modified to quickly sell at a higher cost. However, in domain flipping, we do nothing in a domain to sell in a high profit like in car flipping to increase selling cost. We just acquire a right domain before it will in a premium price.
How Domain Flipping work
1. Search valuable domain name.
It’s on your luck, Find and searching at a right domain name.
Domain Drop Catching
It is a servicing help to secure a domain after it expires.
If the domain expires, a domain enters a Redemption Grace Period (RGP) and give last chance to the owner to reclaim it (typically 30 to 90 days). After the cross, this period domain made public for someone else, soon to be available for registration.
In a drop catching service, people bid on a domain name that is currently in the Redemption Grace Period and soon to be available for registration. The largest bidder will be selected and then attempts to register the domain on their behalf at multiple domain providers the moment it becomes available. Namejet is a popular brand for drop catching service.
2. Register a domain name
Registration will be automatically done on your behalf if using a drop catching service.
Frist register a domain name from the domain provider, find domain name in a regular search. You will need to register the domain only one year your main goal is to find a buyer and sell domain as quickly as possible.
3. Find a buyer
This part is not easy, but some options are available.
Disable WHOIS Privacy
Disable WHOIS Privacy, it will make it easier for a person to find your contact detail who is interested in your domain name. Normally it’s recommended enabling because it helps to hide your contact information from the online WHOIS database.
Create a Landing Page
First of all make a simple and basic front web page and display the domain name is available for sale and provide full contact information like email, contact number. Someone is interested in your domain can contact you easily.
List on an Aftermarket Service
List your domain name for sale in aftermarket service like Afternic and Sedo it allows people to purchase your domain whatever price you’d like.
4. Sell the domain name
All the transition between two people who are never meet before is happening online. To ensure that the money and domain name is successfully exchanged use service like Escrow. Escrow service reduces risk being scammed by giving away your domain name without ever receiving the money for it.