In 2007, R.H Donnely purchased business.com for $345 million, after it was previously purchased for $7.5 million in 1999. Flipping domains has proven to be a lucrative investment and a cool way to make money online, mostly over the long term. You don’t need millions of thousands of dollars to start investing in it, with $10 you can get started already.
Make Money Online Flipping Domains
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In this article, I’ll be sharing with you how you can make money online with flipping domain names, how to find the best domain names to invest in, some tools and topics that you can use today to start investing in flipping domain names.
What Is A Domain Name?
A domain name is simply your website’s name. For example, my website domain name is bontinel.com. The idea is to go and buy a website name and resell it for a higher price. But the main problem is how to pick a domain name that’ll actually sell? What are the best names? What are the main factors for choosing a domain name? We’re going to answer all of these questions in a couple of minutes.
If you navigate to Godaddy and search for the most expensive domain name ever sold. You’ll find out its cars.com sold for $872 million. To be honest with you, am currently not looking for such big numbers. If I buy something for $10 and sell it for $2000 or $5000, it’ll be great. But you have to understand something, sometimes you can buy a domain for $1 and sell it for $1 million if you keep an eye on trending topics about what’s going on in the world.
Before I show you how to search and find domain names, it’s important to take note of these important factors to check before you find a domain name to buy and resell later.
Factors To Consider Before Buying A Domain Name
1. Length: It’s always preferred to use shorter domains.
2. Easy to use and to memorize: Make sure the domain you want to buy is easy to memorize.
3. Branding: Make it easy for it to be used as branding.
4. Keywords: Somehow descriptive
5. Extension: Always aim for .com, .net, .org, or even .io, or ,ai extensions depending on the niche. If you’re in the AI niche, the .ai is better. In general, .com is one of the best.
Always consider these factors before buying any domain.
How To Find Domains
These three words should be in your head when looking for a domain; Niche, trend, and explode. What do I mean by that? Let’s find out.
The first service am going to recommend to you is Fastdomainer, in this site, you can enter a domain name, and it’ll tell if the domain is registered or not. It’ll also give you some name suggestions, and show you if it’s available to buy or not.
What’s nice about this tool is that you can generate a domain name, just by clicking on the domain generator button.
How To Pick The Correct Domain
The second tool is Instantdomainsearch. After visiting the site, you can just type in any domain name you want based on your analysis, and it’ll show you lots of suggestions like the previous tool.
But for picking the correct name, use this third tool alongside observing the factors decided earlier. Squadhelp, visit the site and write any keyword you want for example metaverse ads because it’s trending. Click on generate. This service, based on artificial intelligence, algorithms, and machine learning, will show you a lot of names. You can select short names, medium names, or long names, depending on the length you want it to suggest for you.
After selecting the length, click on generate. After that, a page appears showing you some interesting brand names to choose from. The suggestions are based on machine learning and AI, you can get some ideas for your own business or for domain names. You can pick a name from there and head over to fastdomainer.com to see if it’s available. This is how you can generate brand names using keywords.
This is how you can use AI, algorithms, machine learning, and your analysis to generate domain names.
How To Pick One
You have to pick one of them using considering the niche, trend, and explode. The niche is the topic, lets’s say you want to buy a domain related to selling cars, you can search for the keywords carsstore.com using one of those sites mentioned. I think carsstore.com is taken. The niche is the topic that you’re searching for.
By combining the niche with the trend and exploding, I mean that you have to find something that may be trending right now in that niche, so you can buy some domain names related to it. For example, the metaverse, NFTs, and Crypto are something trending right now in the whole world. You can create creative domains related to them now to resell them in the future.
About trending and exploding, if you just work in this field domain flipping, you have to master Google trends, navigate to trends.google.com, and click on trending searches to find out what people are searching for. You can find some keywords and use them with the website generator tools we discussed to find some good opportunities to buy for only $10 or less than.
YouTube And Twitter
Alternatively, you can use YouTube trending searches. Head over to youtube.com/trending, and find trending videos with the same idea as Google trends. Twitter is also a great place to find what’s trending. If you visit Twitter, in the what’s happening section you can find trends. You can also find trending hashtags.
There’s a tool called Explodingtools, that can show you topics that will explode in the future. Though it’s not a free tool. It’s a great tool, you can check it out if you’d like to.
I think using three words; niche, trend, and explode, coupled with the factors discussed earlier, you can pick up the right domain and flip with a higher price.
How To Sell
You’ve picked your domains, so how do you sell them?! Let’s find out. Simply, if you’re using Godaddy, you can list it for sale in your domain’s area, and it’ll automatically connect with a service called Afternic where it can be listed and sold.
Alternatively, you can also use Flippa, Sedo to sell your domain name.
I believe I’ve covered all the core concepts that will help you get started with domain flipping. But there’s one thing that you might be interested in.
Domain Drop Catching
Domain drop catching is simply, keeping an eye on domains that’ll expire soon. There’s a website called expireddomains.net that lets you see such domains. Just visit the site and click on expired domains and you’ll see a list of domains that are expired. They were previously used by websites and are now expired, so, you can purchase them.
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It’s a good idea for several reasons like for SEO purposes and flipping. Keep an eye on some domains that’ll expire soon, and see if it’s worth your money, especially if it’s something valuable that the owner(s) does not about. You can buy the expired domain and flip it later for a higher price.