You could make money with domain flipping as an online side hustle this year. All from buying domain names from domain owners and reselling them at a higher price. You could do this from anywhere. First, you must master the ropes of flipping domain names and how to make money with domain flipping.
Domain flipping, when you buy a domain name and then sell it for more money, could be an excellent way to make extra money from anywhere with internet access. Domain flippers have made millions of dollars by selling domain names.
Some entrepreneurs have made a living by selling and buying domain names, sometimes called “domain flipping.” Let’s look at the pros and cons of domain flipping, such as the best way to make money from it and the risks that come with it. It can be your small business too.
How to Make Money Flipping Domain Names
What is domain flipping?
Domain flipping is buying and selling domain names for a profit. Domain names are the web addresses people type in to access a website, like “example.com.” Flippers will buy domain names for a relatively low cost, then resell them to someone who needs them for a higher price.
The practice of flipping domains is similar to real estate flipping. You purchase the property (in this case, the domain name) and resell it for a higher price. As with any investment, you need to research and be sure you are buying a domain with the potential for a higher resale value.
Domain flippers will often buy up expired domains, which were previously owned but have since been abandoned or forgotten by their prior owners. Flippers can then resell them for a profit. Some flippers will also buy up expired domains and keep them until they can find a buyer. This practice is known as “expired domain harvesting.”
Flippers will also buy up domain names related to popular topics and trends, such as “blockchain,” “NFT,” or “fintech.” They may also buy “brandable” domain names, which are domain names that can easily be remembered and associated with a particular product or service.
Flipping domains can be profitable, but it is essential to remember that it is also a risk. Before investing in any domain name, it is crucial to research and ensure that the domain is likely worth more than what you paid for it.
Domain flipping is risky because you need to be sure that the value of a domain name will go up. But if you do your research, you can find profitable domain names.
Fact: GoDaddy says that cars.com was one of the most expensive domains ever for sale. It was thought to be worth $872 million.
How does domain flipping work?
If you’re wondering how to make money by flipping domains, you can rest easy knowing it’s not complicated.
To start flipping domain names, you’ll need a domain name, which you can buy on many websites.
Domain names can be bought from many different places. Some names are, but you don’t have to stop there:
- Bluehost
- GoDaddy
- Domains.com
- Flippa
- Namecheap
You can also buy domains that have already expired. This is called “domain drop catching” (or “domain sniping”). Before a website owner can renew their domain, they usually have 30 to 90 days of grace. If their payment is not due in the next 30 days, they can choose a domain name already taken for a low price.
Some websites where you can check and buy domain names that have just expired are,
- JustDropped.com
- NameJet
- ExpiredDomains.net
If you want to sell your domain name, you have a few options. One option is to put your contact information in the WHOIS database so that someone interested in buying this domain can contact you directly.
WHOIS is a well-known database on the web that keeps track of domain owners’ names and contact information. If you don’t want people to be able to see your information, you can hide it by buying privacy through your domain host.
You can also make an online landing page on the domain’s page that says the domain is for sale and tells the user what to do next.
You can also put the domain on a site like:
- Sedo.com
- Afternic.com
- GoDaddy Auctions
- Dan.com
You can sell the domain for a set price or hold an auction of domain names and let people bid on the domain. Flipping domain names will be more straightforward with these marketplaces, but they will charge you a commission. For example, GoDaddy has to pay 20% of the sale of domain names, which can cost up to $5,000.
It’s best to use services like Escrow.com to ensure the deal goes through. Escrow is the word for a middleman who holds on to the money until a purchase is made. When you sell a house, putting money in escrow could protect both you and the buyer when you transfer ownership of the domain name.
How much will domain flipping cost?
Domain flipping has low start-up costs because domain names can be bought for less than $10 per year. Some domain flippers have a lot of experience with thousands of domain names, but you should start with a small amount.
As we’ve already said, markets may cut off your sales when you buy and sell domain names through them. You only need a mobile device or computer and an internet connection to buy and sell domains. You don’t have to pay any other fees, which makes it a great and profitable side business for people who want to start up with as little money as possible.
How much money can you make by flipping domains?
Can a business that buys and sells domains make money? It is possible to buy a domain for a small amount and then sell it for a significant amount. How much you make depends on how well you sell the domain. As we said, some domain names, like toys.com and slots.com, have been sold for a lot.
There may be a lot of competition for the most popular domains right now, making it hard to find domain names that can make you a lot of money. If you pay $10 for the domain name and then sell it for $100, you’ll earn $90. If you could do this successfully 10 times, you would have made $900.
The amount you earn depends on whether you’re doing domain flipping as an extra income or a full-time job.
Tips: The money you make from flipping domain names is tax-deductible, just like the money you make from any other side business. However, it needs to be clarified if the money you make is regular income or capital gains. You should talk to a financial planner for advice. You need to keep track of your income and expenses to report them on your taxes.
Maximizing your income by flipping domain names
Here are some tips to help you get the most money from domain flipping.
- Consider the potential worth of the domain. Think about factors like
- Length: Shorter domain names are more important.
- Brandability: A domain is “brandable” if a company wants to buy and use it to build a name for itself. You could, for example, buy a domain with the name of a city and then sell it to businesses in that city.
- Search-friendly: This is also known as SEO or search engine optimization (SEO). Does the name sound like something people are likely to type into a search engine? Search engines such as Google’s Keyword Planner, Ahrefs, and other tools can help determine if your domain name is good.
- Use both “.com” and “.io,” well-known domain extensions. If you see a new extension becoming more popular, you should join it early. For example, the word “gg” has become more popular. “.gg” is becoming more and more popular among gamers.
- Check the backlink profile of the domain. If you buy an expired domain, check to see if other sites are linking to it. A website’s credibility can be boosted by “link juice” from other sites, making it more appealing to buyers. Tools like Moz and Ahrefs can be used to find this information.
- Ensure your domain has not been put on a blacklist by Google. You can check if the domain name has a good history with Google with an online service like LinksThatRank.com.
- Look at how much similar domains have sold for in the past. With the help of tools like NameBio, you can find out if a domain name is worth buying or not.
- Take your time selling something. When you flip domains, your success depends on when you do it. Instead of selling the domain name immediately, keep it until you can sell it for a better price.
Frequently Asked Questions About Domain Flipping
Q1. What are the steps involved in flipping domain names?
Buying and selling domain names to make money is called “domain flipping.” The goal of domain flipping is to buy cheap and sell for a lot of money. Flipping domain names can be very profitable, with some making thousands of dollars in a single deal. Here are the steps to flipping a domain name:
6 Steps to Make Money from Domain Flipping
Step 1: Find a domain name to flip.
You need to come up with a domain name that could be sold. This means looking for domains with high search engine rankings, popular keywords, or domain names with a catchy sound or phrase. You can find possible domain names to flip with tools like Domain Name Analyzer and DomainTools.com.
Step 2: Research the domain
After you think of a possible domain name, you need to learn more about it. This includes looking at the domain’s history and what it can do in the future. To determine how much the domain name is worth, you should also look at its search engine ranking and other metrics.
Step 3: Purchase the domain.
Once you’ve found a domain that you think has potential, you should buy it. A domain registrar like GoDaddy or NameCheap can help you do this. Before you buy a domain name, make sure you do some research on it. Some domain names may have restrictions or special requirements.
Step 4: Market the domain.
After buying the domain, you need to start promoting it. This includes making a website or landing page, submitting the domain name to directories, and working on SEO to help make it more visible. You should also consider selling the domain on sites like Flippa or Sedo.
Sep 5: Negotiate a sale.
Once you have received offers for the domain, you will need to negotiate a sale. This means looking into the buyer’s past, considering the offer, and discussing how the money will be paid. You should also consider whether or not you want to transfer ownership or use an escrow service.
Step 6: Close the deal.
After you agree on a price, you need to make the deal official. This includes transferring the domain name, sending the payment to the seller, and ensuring the transfer works.
To succeed, you need to research and understand the domain market. You can make much money flipping domain names with the right plan and hard work.
Q2. What are the potential risks associated with flipping domain names?
When you sell domain names, you risk putting money into something that won’t pay off. There’s no guarantee that someone will buy your domain name for more than what you paid for it or any other way.
If you figure out how much a domain could be worth before you buy it and then sell it in a way that matches that value, you’ll reduce the risks and increase your chances of making money.
You can also reduce the chance of losing money by investing only what you can afford to lose. As we said, you could buy a domain for less than $10 per year. If you’re just starting out, you can start with a small budget and grow as you learn more.
Q3. What are some tips for successful domain flipping?
Domain flipping is buying domain names, putting money into them, and then selling them for a profit. As with any investment, you can take steps to improve your chances of success.
- First, research the market to find good domain names that could sell for a higher price. Think about how long the domain name is, what keywords it has, and how popular the extension is. Domains with popular extensions like .com, .org, and .net that are short and full of keywords tend to sell for more.
- Second, check to see if the domain name you want is available. If a domain has already been taken, you can find out who owns it and try to buy it from them. Some websites list domains that are about to expire or have been deleted that you can buy.
- Third, find out who might be interested in buying the domain you want. Look at the market for domain names like yours and find out who might be interested. Think about how much the domain is worth to businesses, people, and investors.
- Fourth, make a website for the domain and put it up for sale on the site. You can also list the domain name on sites like GoDaddy, Dan, and Namesilo. Ensure to include your contact information and correct information about the domain and what it can do.
- Lastly, advertise your domain. Spread the word about your domain through social media, forums, and other websites. You can also send email campaigns and direct mail to people who might be interested in buying.
If you follow these tips, your chances of success at domain flipping will increase. You can make money from domain investments if you do enough research and use the right marketing techniques.
Q4. Is domain flipping profitable?
Domain flipping is a business that can make a lot of money. It means making money by buying and selling domain names. A domain flipper buys domain names at a low price, like when they are about to expire or from an auction, and then sells them for more money.
Domain flippers usually focus on specific domain names that rank well in search engines or are related to a particular industry.
The key to successfully flipping domains is researching the market and looking for domain names that could grow. This means researching the market to find trends, knowing the value of different domains, and keeping up with changes in the industry.
By doing this, domain flippers can ensure they get the best deals on domains and make a lot of money.
Flipping domains is a business that requires a lot of research and time, but it can be very profitable. But you should remember that it’s risky, and there’s no guarantee that you’ll make money. It’s also important to remember that domain flipping can come with costs like registration and renewal fees, which can add up quickly.
Q5. Is domain flipping legit?
Yes, flipping domain names is an excellent way to make money. To do this, you buy a domain name from a registrar like Namesilo and then sell it for a profit. To be successful, domain flippers need to know how the market works and be able to find domain names that have a lot of potentials.
Domain flipping can be a terrific way to make money, but you must research and be patient. To make money, domain flippers need to know which domain names are in demand and how to spot market trends. They also need to understand how to buy domain names at the right price and sell them for more.
In addition to researching the market, people who buy and sell domain names must also be aware of any legal or copyright issues that may come up. Because domain names are protected by trademark and copyright laws, it is essential to verify that any domain name you acquire does not infringe on the rights of a third party before making the purchase.
Overall, buying and selling domain names is a legit way to make money, but it takes time, patience, and research. People who are good at domain flipping usually know a lot about the market and have a good grasp of the laws that govern the business.
Q6. How can I start flipping domain names?
![How to Make Money with Domain Flipping [2023]](https://i0.wp.com/i.ytimg.com/vi/fWT4x4OXpw0/hqdefault.jpg?w=678&ssl=1)
If you want to start flipping domains, here are the steps you need to take:
Find a domain name.
When you want to invest in domains, you must find the domain you want to buy. You can search for domain names with many different tools, such as those from GoDaddy and Bluehost. Look for domains with cheap names or names related to a specific product or place.
You can also go to an auction market to look at domain names for sale or be on the lookout for domain names that have expired.
Think about the importance of the value of the domain.
Before you buy a domain, look at it to see if it has the potential to make you money. Domain names with shorter names tend to make more money and cost more.
Domain names with popular keywords in them can also make you money. You can use a keyword research tool like Ahrefs or UberSuggest to find out how often people search for a specific keyword.
If you can buy the domain name of an up-and-coming or new trend, you can make money from it. When you flip domains more often, you can spot good domain names more easily.
Register and purchase the domain.
The next step would be to buy a domain name and put your name on it. Usually, you’ll need to provide personal information and payment information to finish registering a domain. I buy domains on namesilo sometimes.
You can put your personal information in the WHOIS database so buyers can contact you. When you buy, you can also choose to hide your contact information.
Find an interested buyer.
You can find an investor to buy your domain in several ways.
- People interested in buying the domain might contact you if you have made your domain registry public.
- You can also use the URL to make your own landing page with information about how to buy this domain.
- Put the domain up for auction on a website where people buy and sell domain names.
Timing is essential because you want to sell when there is a lot of demand. You could lose your chance to make money if you sell too quickly or wait too long.
Sell the domain to make an income.
Once you’ve found the buyer, you’ll give the domain and registration to the buyer. Use an escrow service like Escrow.com to protect yourself. Before transferring the domain, the service ensures the transaction is complete.
Q7. What types of domains are best for flipping?
When you flip domains, you can buy brand-new and old domains. Even though it’s hard to tell what kind of domain will make the most money, it’s crucial to think about the pros and cons of each domain.
Most of the time, it’s easier to find and register new domains. Also, they give you more flexibility when it comes to branding. A brand-new domain name has never been linked to anything harmful, which makes it seem more trustworthy to potential buyers.
But it takes a lot of work to use SEO (Search Engine Optimization) and marketing strategies to sell domains because they don’t have any authority yet.
However, buying an expired domain name has its own benefits. Many domain investors like to buy expired domains because they already have good domain authority, established link value, and a good amount of traffic.
In fact, a domain that has already expired can cost more than a brand-new one because it is no longer available.
When you buy an expired domain, use SEO tools like Ahrefs or Moz to find out how good the domain’s link profile is and how authoritative the page is (PA). It’s also important to check the domain name’s history to ensure that search engines won’t block it because its previous owners did things that were against the law.
Other Online Side Hustles You Can Start in 2023
Although flipping domain names can be lucrative to generate money online, this strategy is only suitable for some. It will take some effort to educate yourself on the characteristics of a good domain name and scour the internet for the most lucrative domain investment options.
If you are not interested in using this online side hustle, you can find more fulfillment by engaging in another activity. You may make more money by selling books than investing in domain names like or. You may generate money on the internet by selling textbooks or materials you own and keep at home.
Establishing a vending machine business is an additional engaging option to generate passive income. Making money in this manner requires a low level of activity. We will write a detailed blog on How To Start A Vending Machine Business in the coming weeks.
10 Online Side Hustles You Can Start in 2023
Freelance writing
If you can write well, you could start a side business as a freelance writer. You can write for newspapers, magazines, websites, and other places. Here is a typical example of freelance writing.
Virtual Assistant
Virtual assistants can help businesses make appointments, answer emails, and handle customer service questions.
Online tutoring
If you know a lot about a subject, consider becoming an online tutor. You can teach students math, science, English, and other topics.
Online surveys
There are a lot of online survey sites that will pay you for your input, and you can find some of them in this post. How to make money from home.
Dropshipping
Dropshipping is a way to sell products online without storing or shipping them. You can work with a drop shipping company to handle the orders.
Data entry
Many businesses need people who can help them put information into their databases.
Graphic design
If you are good at graphic design, you can make logos, flyers, business cards, and more for clients.
Social media management
Companies are always looking for people to run their social media accounts. You can help them make content, answer comments, and keep an eye on their accounts. See a social media manager.
Youtube script writing
Writing scripts for YouTube can be a great side job for creative people. It’s a chance to learn more about writing and develop attractive, engaging content that can reach millions.
Web design and management
This can be an excellent way to make extra money. You can build a successful business from the comfort of your home with the right skills and creativity. With a bit of work, you can make beautiful websites and offer good web management services to your clients.
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