I bet you’ve heard about website flipping, domain flipping, or blog flipping. Flipping websites can make you a lot of money if you know how to do it, and if you do it on a regular basis. I know a few people who made thousands of dollars simply by flipping websites and domain names.
So what is domain Flipping?
Flipping a domain name goes like that:
1. You start by looking for a quality domain name. a good domain name is one who can describe exactly what’s inside it. Most of the good domain are already registered, but you can manage to find one if you have the time to invest. After you find a good domain name, you buy it for a cheap price of just $7 from Godaddy.com or any other domain provider.
2. If your domain is really worth selling as is, than you should do nothing but advertise it for sale (If it isn’t that good than check my next post about website flipping) at one of those places:
Sitepoint.com Under forums/domains for sale
Forums.digitalpoint.com under the domains for sale section.
That’s about it. Now you should spread the word about your sale on forums you are a member of.
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a very important tip that I can give you is to start your auction at a very low price. Don’t worry, even big sharks find the big fish when they are hungry 
When you start your auction at a low price your auction will attract more people to visit and look what’s all about. Because you start price is low you’ll start to see a lot of bids. After you’ll get the first few bids you’ll be able to see that your bids are starting to go faster and faster.
How to know if a domain name is worth buying
I see lots of new domain flippers who buy any domain they find available just because they believe that someone will buy it. The problem here is that what you think is not exactly what others will think. People buy domains that worth the money, and sometimes they buy to flip them to, so before you buy any domain names you should check what people are already buying. Make sure to make a research by visiting one of the websites above and see the latest domain who have been sold. That way you’ll be able to determine if a domain you find available is worth buying. Don’t even try to buy a domain name just because it’s just costs 7 bucks. Before you buy you must check, compare, and be sure that you can sell it for profit. You are here to make money and not to loose it.
Blogging for your success,
Mike G
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Sat, Jun 27, 2009
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