One of the more unique methods of making money online is to buy and sell domain names. Since it seems like everyone these days has their own website, this has the potential to be quite lucrative.
What Is Domain Flipping?
Domain flipping is basically purchasing domain names at a low price and selling them at a high price, thus making money. There are two primary methods of doing this, one significantly easier than the other.
What Are the Types of Domain Flipping?
The first method of domain flipping is to purchase a domain that already is of interest. This will require an upfront investment of anywhere from hundreds to thousands of dollars. After purchase, the domain is immediately “flipped” and sold for a higher price.
A more lucrative method of flipping domains is to purchase a set of domains while they are not yet popular. The value will then need to be increased through a variety of methods so that the domains sell well. As with any webpage, there are a variety of methods to increase a domain’s monetary value.
How Can You Increase a Domain’s Value?
The key to increasing the value of a domain is to earn a high page rank. One method is through backlinks, which requires posting on other established websites. This may be done on currently owned websites or by submitting articles to article websites, including backlinks within the content. Another method of utilizing backlinks is to add them to all forum signatures and post on a number of related forums.
Another method of increasing the value of a particular domain is to incorporate SEO (Search Engine Optimization) into the content. By frequently updating content and ensuring it applies to relevant SEO keywords, an individual may quickly increase the visibility of a website.
What Is SEO?
Search Engine Optimization, or SEO, is a form of online writing that targets particular frequently searched keywords in content. Generally a specific keyword is chosen from a set of niche-specific keywords, and content is written around this keyword. A specific percentage of frequency is selected, with the keyword usually appearing in both the first and last sentences of an article.
Some domain owners choose to write their own SEO content, and complete all of the relevant research on their own, while others hire others to do this. Online freelance websites offer a huge number of options when it comes to hiring individuals with experience in this area, and articles may be purchased or commissioned for a very reasonable price.
How Do You Sell a Domain?
There are a number of websites that specialize in the buying and selling of domain names. The actual price that a domain sells for generally depends on the amount of traffic it receives on a monthly basis, as well as the monthly income from it. Most domain selling websites allow sellers to set a price and accept or reject any offers for less.
With a bit of time and understanding of the process, many people are learning that money may be made from flipping domains. Whether it is for a few extra dollars or a living, consider this as a viable online money-making opportunity.