8 Domain Flipping Tactics You Should Know In Today’s Market
The best way to make money online is by purchasing something at a low price and selling it at a higher price. The deal gets even better when you do not have to ship or pick up the product. One of the most lucrative ways to have reliable cash flow is by flipping domain names. If you follow the right guidelines or ask advice from an expert who has done it successfully, you will be a professional in no time. You simply need to understand how to judge the quality of a domain and its value. Apart from that, it is equally important to understand the right flipping tactics. They include:
Be realistic with the price
Granted, there are six to seven figure domains that exchange hands every now and then. However, many domain sellers fail to realize that such deals account for the smallest percentage in flipping domain names. Remember, a secondary market domain (a two-word domain name) with a .com extension averages a selling price from $100 to $1,000. In fact, only a few domain names fetch a price that is higher than $6000. Unless of course, there is a high demand. In which case, the selling price can run much higher. It is important to remember this fact if you are in the domain flipping business.
Purchase Exact Match Domains (EMDs)
With numerous changes in Search Engine Optimization (SEO) in the past decade, the importance of Exact Match Domains can never be undermined. No matter how many times Google algorithm changes, these domains will always have a role to play. All you need to do is understand all aspects of SEO to keep you high in the search engine ladder. For instance, a domain titled “TexasRealEstate.com” has the probability of being ranked higher because of the keyword “Texas Real Estate.” As such, it is best to consult your domain registrar and look for domain names that will be a valuable investment for you. After purchasing one or more of these domains, contact local businesses that may be interested in buying them. In the end, you will receive a hug profit courtesy of your sale.
Go for high page rank domains that have expired
Page rank still matters. Google follows the page rank system diligently when it comes to determining SERP results. Therefore, when you are looking for domain name, seek out those that belong to websites that are long expired but still remains in good standing with Google. Usually domains that have been ranked highly often have a substantial number of existing backlinks. Thus, they are highly valuable in regards to SEO. While finding such a domain may be time consuming but well worth it in the end. You can also use page scrapers that reveal all the details about a domain to make your search process easier.
Do not rush
When it comes to flipping domain names, there are those that can be flipped within a day and others take time. While you may have the urge to get to the finish line, it is important to be patient during the process. There are times when you may be required to hold on to a domain name for weeks, months or even years in order to fetch the right price. Particularly, domains that have great potential or those that serve versatile audiences are never sold immediately. Instead, they require a long term strategy that will enable you to get huge profits. Waiting for the right price is much better in comparison to earning a few hundreds if you decide to sell such domains immediately.
Rely on your expertise
We are all experts at one thing or another. In this case, you are highly capable of flipping domain names. As such, you should make use of your knowledge in this field. Bank on what you know and search for domain names that have specific keywords related to their niche. A majority of these domain names are usually keyword specific. You may be able to purchase them from auction websites or domain registrars. Considering the fact that you are an expert in the field, it is also possible to pitch domain names to potential buyers.
Go a step ahead
Many at times, you will be able to get a higher price for your domain name if you have a well-built website to accompany it. By creating websites for your domain names, you will be showing their true potential and also enhance their SEO value. However, if you come across a website that have the potential for high traffic, you can build a simple WordPress site for it. There are many professionals who are flipping domain names and enjoying three times the value of their domain names just by building a website.
Consider top level domains (TLDs)
Long gone are the days when .org, .com and .net were the only domains that were worth considering. There are many top level domains that are worth considering. For instance, domain names such a .us or .io are truly worth considering as they can be of incredible value to the right investor. Do not shy away from top level names because thy also help in preventing domain hacks.
Buy brandable domains
You need to use your creativity in flipping domain names that are brandable. There are domains that are sold extensively but it is not because they use the right keywords or offer SEO value. Instead, it is because they have a branded look. Even simple domains can be made to look like a brand. Promote these domains to the right people and you will make money.
Flipping domain names is an excellent way to put your skills to good use and generate some online income. If you’re patient and willing to learn then you can easily start earning money online. It is a fantastic way to learn the value of a good domain as well as significance of a solid online presence. Do not be afraid to take the bull by the horns and bank on your skills. Domains are valuable to marketers, organizations and startups among others. There is nothing better than earning good return on a genuine investment.