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DOMAIN FLIPPING TUTORIAL FOR BEGINNERS

Simpson · 15 · 2281

Simpson

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INTRODUCTION
I'm Simon Joseph, a teacher and a webmaster. I will taking you through a path that gave me online success after toiling on the internet for years searching for profitable business. Here we gooo......

DOMAIN FLIPPING
Domain flipping is one of the most profitable online business. It is not yet popular in Nigeria inspite of it's long existence. In 2010 the owner of Facebook acquired fb.com for $8.5 million. A Chinese brand bought 360.com for $17 million. GoDaddy reports that the most expensive domain is cars.com, sold for $872 million. So that leads to the question:
 What Is Domain Flipping?
Domain flipping is simply buying a domain with the purpose of selling at a higher price. Think of domain flipping as a realestate business, you buy a property for cheap and resell at a high price. Just like realestate business you can keep a domain till the time you know it's value will rise and sell at a good price.
« Last Edit: August 13, 2020, 07:33:54 PM by Simpson »


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My fellow domainer sold a domain he bought for less than $10 for around $4000. I remember selling a domain I coined (made up) for $2399. Unfortunately the domain was registered by the brandable marketplace so they took the bigger part of the sold price while I ended up receiving $599. At least I made $599 by just investing $0. I have a lot of colleagues who hitting it big in this business. I will invite some of them here one day to share their experience with you.
« Last Edit: August 13, 2020, 04:44:44 PM by Simpson »


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WHAT IS A DOMAIN?
A domain is simply a name of a website with an extension (.com, .org, .net). Google.com, fzmovies.net, jiji.com.ng are examples of a domain.
WHY YOU NEED A DOMAIN
* Build a website
* Email service
* Monetize
* Sell
DOMAIN EXTENSIONS
There are more than 1000 domain extensions, some of which are:
Popular Domain Extensions
.com
.org
.net
.edu
.info
.gov
Other Extensions
. agency
.club
.fun
.xyz
.co
.space
. company and so on


Simpson

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RISKS YOU SHOULD BE AWARE OF
Is domain flipping really profitable? Yes! But be aware if your colleague sells a domain within few hours of marketing it, yours may take days, weeks, months even years.
Pricing a domain very high may cause delay in getting sold while pricing low will increase the possibility of getting it sold quickly. And that doesn't mean you should sell a very good name for less. Domaining require hardwork, patience and grace. Why I said grace is because there are some name you thought will never get sold but got sold and the ones you believe is top notch and would sell fast may never get sold.
Also avoid trademarked names. Don't ever try to combine a word with a trademarked name or even buy an expired name that is trademarked. You might get yourself into trouble by doing so. Examples of trademarked names google.com, facebook.com, twitter.com and others. You can check if the name you are buying is trademarked by using this tool: trademarkia.com and other available tools online.
« Last Edit: August 13, 2020, 04:52:06 PM by Simpson »


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YOUR STARTING BUDGET
Like many other online business, you need money to buy more money. You can start this business with at least $9 (#4000) which is the standard price of getting 1 domain. But, I'll advice you to start with 3 domains which is approximately $27 (#12000). Although I believe you can get your first domains for something lesser than that price. I'll will show you some registrars that offer their new customers their first domain at a promo price of #365-#1100 at the end of the class. Some registrars do hold promos where you can buy unlimited amount of domain for $1-$3 each. The last registrar who did that was 123-reg and Netsol. The cheapest registrar to get your domain as of today is dynadot.com for $6.99 unlimited. You can buy this domains and flip for $100, $1000, $10,000 or higher depending on their quality.
As you gain more knowledge, sales and experience in the industry, you can then choose to buy quality names for $100 and above and resell. You will hardly get a top-notch domain for cheap, especially the one dictionary word domain and 1-4 letters domain.
« Last Edit: August 13, 2020, 04:42:16 PM by Simpson »


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*TYPES OF KEYWORDS*
 *Generic* These are words that have a broad usage. E.g, Rose, Home, Game. 'Home' can be used by a realestate company, construction company, home decoration, plumbing, family advice and lots more.

*Exact Match* Single or multiple
keywords that exactly define product,
service, or industry, such as electriccars,
CloudComputing, RentalCar, Finance. 'Rentalcar' can only have one usage and that's just for car renting service.

*Brandable* These are dictionary or made-up
keyword suitable for branding, such as
Amazon, Google, Fiverr, Rdio, MyHome.
Types:
Made up (Spotify),
Catchy (Circuit )
Hybrid (Netflix)
*Acronym* Series of 1-4 letters, generically
represented by L, as in LLL for 3-character
keyword like IBM.
Where C represents consonant, and V represents vowel, so
CVVC = consonant, vowel, vowel,
consonant e.g PEUL. Four letters or less are valuable and are more valuable if they are one word eg CAT.

*Numeric* Series of numbers, generically
represented by N, as in NN for
2-character number 34. Number usage is common to the Chinese. An example is 8.com, 1688.com, 888.com

*Alphanumeric*  Combination of letters
and numbers, such as 1N.com. Less
valuable type and speculative; generally
bought for investing vs. branding. Example 5G.com, 4G.com, W9.com, 888i.com


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BUYING YOUR DOMAIN
This is the most important part of the lesson, if you fail in this part you might not be successful in this biz. So I urge you to take note of everything taught in this section.
Things To Consider Before Buying
* Extension: As I've said earlier, there are thousands of domain extensions but the only one we will be focussing on is the .com extension due to its wide usage and it sells more than the other extensions.
* Length: Always go for shorter domains. Avoid buying too long domain and go for a maximum of 3 words domain.
* History: Domains that I've been in usage for a long time are preferred to a newly registered domain due to traffic, backlinks and other SEO stuff.
Target Service or Product: Always target popular service or products as you will be able to reach out to more end-users. Examples of popular services are laundry, cars, broker etc
Go For Trends: Every season new things surface in the world. As a domain investor you should be aware of this trend. The latest trend to take note of are: virtual reality game (VR), the cryptocurrency: Bitcoin and Ripple esports, electric vehicle (EV) and others. If you do a domain search by combining 'vr' to a dictionary word you will find out that most of this words have been registered. A larger percentage of them were registered by domain investors who resell them at a higher price. I currently have VRtweak.combin my portfolio which I priced at $1999 waiting to get sold. When combining your words make sure you combine with a word that is related to the service or product eg bitcoinwallet.com, vrshop.com, cryptobank.com
« Last Edit: August 13, 2020, 04:53:49 PM by Simpson »


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KNOW THE VALUE OF YOUR DOMAIN
At first, this might be difficult but as you grow in the industry you will be able to know the worth of the domain you are buying. Although you can have an expert appraise (valuate) your domain for you but don't always depend on that. There also some tools you can use to get the worth of your domain. You can use estibot.com (they allow 1 domain appraisal per day for guests) or use GoDaddy appraisal tool https://www.godaddy.com/domain-value-appraisal/ (unlimited appraisals). The problem with this appraisal tools is that they are just bots that collect keyword data from the internet and can not be relied on. Sometimes domain valued at $0 can sell for $1000. They can just give you hint on how to price your domain.
Also make sites like namebio.com your friend. They have a database of past and recent domain sales. You can use their tool to search for a similar domain you want to price. For example, if I have Bitcoinstore.com, I will just search for Bitcoin and see the sales related to that word. This will give me a hint on how to price my domain.


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BUYING EXPIRED DOMAINS
Expired domain also means dropped domain. It is a domain that got expired because the owners of the domain failed to renew it. Domains are meant to be renewed annually, if you fail to renew a domain it will dropped after some months and made available to the public for registration. An expired domain will still hold some of the characteristics left there by the previous owner, for example: traffic, age, backlinks and other SEO properties. They are more valuable than fresh domains which have no history.
How To Get Expired Domains
Thousands of domains expire everyday and there are some websites that list out this domains along with their properties. One of those sites is expireddomains.net. On this site you will get a lot of craps and few good domains to sale. Hence a lot of work is needed to separate the gold from the dirt.


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Geographic Domains
Geographic domain or geo domain is another type of domain. It has to do with names of places, cities, town, country etc. An example is lagos.com. That's a pure geo domain. Services and products can also be added to geo domains, for example texasbrokers.com houstonmovers.com. Geo+service/product domain sell faster than other type of domains because they are targeted to a specific area and they can be easily be marketed via email (outbound). The US is the best country to sell geo domains to. Most business owners there make use of websites and are ready to buy what they think will be of benefit to their business. Hardly will you be able to sell a domain to a Nigerian unless the buyer is a domain investor himself. You can hand-reg a geo domain and start selling, but I'll advise you to register the expired ones instead. Most of the time your buyer will ask for their statistics and if it holds any traffic. And they may end up not buying it or even price it low.


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HOW TO SEARCH FOR GEO+KEYWORD DOMAINS

Read the tutorial by following this link:
GEO+KEYWORDS
« Last Edit: August 13, 2020, 07:10:29 PM by Simpson »


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WHERE TO BUY YOUR DOMAINS
After getting hold of a list of domains you wish to buy. Head to any of this reputable registrars GoDaddy.com, epik.com, dynadot.com, namesilo.com and porkbun.com. it is easier to sell a domain bought from this registrars than other available registrars because the marketplace where you will be selling to have an account with them. Whenever you register a new domain, the domain will be under a 60 days transfer lock, which means you cannot transfer the domain outside the current registrar. But the domain can be moved (pushed) to other account within the registrar within this period. So you can easily push your domain if sold within this period to the marketplace because they have account with your registrar. But if you register your domain with other registrars like: 123-reg.co.uk, netsol.com, gandi.net, directnic.com, and your domain gets sold, you will have to wait for the 60 days transfer lock to be over before you can transfer your domain to the marketplace. But if the buyer agrees to open an account with them you can push the domain directly to him and receive your money. Note: Transfers are done from one registrar to another (Gandi.net - GoDaddy.com) while push is within a registrar (GoDaddy - GoDaddy).
Registrars That Offer Domains At Promo Price For New Customers
* Porkbun.com $4.90 using promo code (YEAROFTHEBUN)
* GoDaddy.com $0.99
* 123-reg.co.uk 1.99
And Dynadot is currently the cheapest registrar selling their .com domain for $6.99 (unlimited)


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SELLING YOUR DOMAIN
This is the most tedious part of this business. This is the part where you market your domain to the end-users.
How To Market Your Domain
* Inbound marketing
* Outbound marketing
Inbound marketing: This is simply submitting your domains to the marketplace, so that end-users who visits the marketplace can purchase from there. This is very easy to do but it might take long before you get your domain sold as there are millions of domains waiting to be purchased at the marketplace.
Marketplace To Submit Your Domain
* Sedo.com (free)
* Epik.com (free)
* Afternic.com (free)
* Dan.com (free)
* Auction.godaddy.com (paid $4.99/year)
You can list one domain on all the marketplace at a time. Before you can list on sedo, you will need to change your nameservers to theirs so they can verify that you are the owner of the domain. For GoDaddy you will take a screenshot of your domain in your account and send to their email. Others verify ownership automatically. You will also need to direct your user to your marketplace sales landing page. So that when someone visit your domain, they will end up on a page telling them the domain is for sale and they can purchase from there. You can also do these by changing your dns or nameservers to that of your registrar.
Nameservers Of Some Marketplace
Epik.com  (ns3.epik.com ns4.epik.com)
Dan.com (ns1.dan.com ns2.dan.com)
Afternic (ns3.afternic.com ns4.afternic.com)
Sedo (ns1.sedoparking.com ns2.sedoparking.com). After submitting your domains to this marketplace you will enter the price you want to sell them. For Geo domains I'll advice you price them between $250-$500 for Swift sale.
« Last Edit: September 23, 2020, 01:12:51 PM by Simpson »


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How To Market Your Domain
Follow the link below to learn how to get end users for your domain.

Marketing Your Domain
« Last Edit: October 04, 2020, 11:43:44 PM by Simpson »


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ALWAYS RESEARCH
This is the last part of this lesson and it is very important for your growth. I myself know that I won't be able to teach you everything concerning domaining, so it is left for you to carry out researches on your own to develop yourself. I'll advice you to make this sites: namepros.com and dnforum.com your best friend.
Now I believe you are ready to start buying and selling domains. I wish you all great success in your journey.