Transfer The Domain Name To Its New Owner
Once the escrow service has notified you they received payment, its a green light to transfer the domain to the new owner.
Each domain transfer process will be slightly different depending on who you are selling the domain through.
It can take up to 1 week to successfully transfer the domain depending on how responsive you and the buyer are.
Your domain service will have documentation of how they handle transfers or you can contact support.
Thats it! Congrats, you have successfully sold your domain.
If you need help with buying and/or selling a domain name, consider hiring a domain broker.
Where To Buy A Domain Name
To buy a domain name, you can use a domain registrar. It is a company that manages domain names and makes them available to the public.
There are many domain registrars to choose from, such as GoDaddy, Google Domains, Namecheap, Hover, or DreamHost. They all offer different extensions at different domain prices.
Buy Domains With Page Rank
Keyword relevancy is not the only thing that matters when it comes to SEO. However, domain names that were previously used by other businesses usually have a lot of backlinks and a decent ranking on PageRank. Even though such domain names are usually about to expire, they are still worth a lot of money if they have a good number of backlinks and a ranking of five or more.
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How Does Domain Flipping Work
If youre wondering how to make money flipping domains, rest assured that the process is fairly straightforward.
To get started with your own domain flipping business, youll need to purchase a domain name, which you can do from a number of websites.
Some places to buy domain names include :
You can also buy a domain that recently expired in an approach known as domain drop catching or domain sniping. Website owners usually have a 30- to 90-day grace period to renew their domain name. If their payment lapses, you can often scoop up a domain name for a good price.
Some websites where you can monitor and purchase recently expired domain names are,
- JustDropped.com
- ExpiredDomains.net
When youre ready to sell your domain name, you have a few options. For one, you can keep your contact information public in the WHOIS database so a prospective buyer could reach out to you directly about purchasing the domain name.
WHOIS is a widely used internet database that stores the names and contact information of domain owners. If you dont want your details available to the public, you can usually hide them by purchasing domain privacy from your domain host.
You could also create a landing page at the domain page, where you state that the domain is for sale and direct a user on the steps they need to take next. You could also list the domain for sale on a website such as:
- GoDaddy Auctions
Fix A Price Based On Your Domain Name Value
Now that you have a better idea of your domains value, its time to put a price on it.
Getting to a fixed price is more of an art than a science.
I like to start off by seeing what other domains have previously sold for that are similar to the one I am selling.
You can then add to the price based on the value that you calculated in step 1.
Head over to Godaddys domain appraisal tool to get a quick appraisal of your domain.
Godaddys algorithm uses machine learning and real sales data from similar domains to give you a price estimate.
Knowing what buyers are already paying for similar domains gives you a lot of information on what yours is also worth.
Word of warning: Dont just take Godaddys appraisal price and go with that.
Godaddys algorithm doesnt take into account things like:
- Domain name SEO authority
- If the domain makes money already
- Current traffic to the domain
Thats why we need to add your calculated value on top of the Godaddy price estimate.
If you just take Godaddys estimate, you will likely be underpricing your domain by a good chunk.
With both of these things in place, you should be able to come to a specific price.
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Answer: Yes You Can Make Unlimited Extra Income
There are lots of people that make good side and full-time incomes from trading domains and domain flipping.
The key is to have patience.
That means taking the time to find the right domain names to invest in. You certainly dont want to be buying every domain name that you come across.
The other key is to find the right buyer.
When you buy a domain, it will take time to find the right buyer who values the domain name at the right price.
If you do both of these things well, you can make very good money from trading domains.
To help you do this, there one domain marketplace I can recommend: TB Solutions.
Both of these marketplaces help you find quality domains that already have a lot of value. Use these to find great domains for really good prices.
How Profitable Is Buying And Selling Domain Names
If you are already into domain flipping or you want to jump into this business, this question may have come to your mind a lot of times.
Rather, I would suggest you to ask this question if you dont.
Because it would help you understand how to really make $100,000 flipping domains and help you make a clear idea about how much money you can actually expect to earn if you jump into this domain flipping business.
This article would help you get an idea.
Buying and selling domain names is certainly a powerful and profitable business model. But the question is how profitable it really is.
To find a satisfactory answer to this question, I am going to make a list of some of the most expensive domain name sales ever. The amount of profit the owners of these wonderful domains made was truly unimaginable.
Why? Because they could probably never have thought about selling the domains at such an expensive rate when they bought the domains.
Below are Some of Those Expensive Domains
This is a list of some of the highest prices paid for domain names as noted in the news and media. However, this list is limited to only domains that were sold for more than $3 million. But the list doesnt end here.
The reason of showing you some of these expensive domain sales is only to make you realize how profitable it can be if you get the ownership of some good quality domains. The rest depends on how you promote the domains.
But you dont really need to think about that.
The idea is simple.
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Buying And Selling Domain Names
There are many different ways to buy and sell domain names. Many standard domain registrars, such as GoDaddy.com, will facilitate sales via auction. Meanwhile, specialized websites, such as Sedo, are designed exclusively to buy and sell domain names. Finally, parking domains with a for sale page is a great way to draw targeted interest from potential buyers.
Can You Make Buying And Selling Domain Names
Some people make a living by buying and selling domains. If you can buy web address that consist of business names, geographic names, generic names or some popular names, you may be able to sell them faster at a good price. Companies and people are more interested in generic names. If you can discover and buy some generic domain names at a few dollars for each, you may be able sell them for a few hundreds or even thousands .
Sounds great, right? However, it is a good idea to start with a few handy domains. If you think your chosen name will become popular in future, you may want to buy them. So, it is important to learn what types of domains you should choose to buy and how much to invest in them, and then set realistic pricing for your domain or domains that you want to sell.
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Godaddy Is Not The Only Kingpin When It Comes To Domain Registration
Indeed, GoDaddy is perhaps the cheapest and biggest domain registrar in the world of domain flipping so much so that people use the term GoDaddy with domain registrar interchangeably. This is because they run massive marketing and advertising campaigns that pique the interest of buyers.
However, GoDaddy is not the only kingpin when it comes to the domain registration business. There are many other great places for buying domains with excellent customer service and security support like Namecheap, Domain.com, Name.com, etc.
How Hard Is Reselling Domain Names
The most difficult part of flipping domains is finding the right domain to purchase. This will often be the most time-consuming step. Once you have a system in place domain flipping can become much easier.
As you become more experienced with domain flipping, you should get a good idea of what domain names tend to sell for a higher price than others.
In general, however, flipping domains is relatively easy and can be completed from anywhere making it a perfect low-stress job.
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Never Sell Right Away
Domain flipping is not always about making quick cash. Sometimes you have to spend days in research before you make a profitable sale. Remember, it is better to wait for several months or years in order to sell a domain name for a greater profit than settle for normal profit. Think of domain flipping as more of an investment.
How To Buy And Sell Domains From Namecheap
Namecheaps domain marketplace is a simple, easy-to-use platform to list domain names for sale. While there are many ways to promote domains you want to sell, this online shop makes connecting with interested buyers easy. To make a purchase, just view the listings, and click Add to Cart. If you have an idea for an interesting domain that no one has ever registered before, you can buy it yourself as a business investment.
Once you have registered new domains, you can list them on the marketplace at a premium price, and sell them to other businesses for a profit. Alternately, if you previously purchased a domain, and no longer need it for yourself, it can be sold on the marketplace to other interested parties. For example, if you operate an online store, and decide to move on to other business ventures, other digital retailers might be interested in buying your domain.
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Purchase And Register The Domain
Your next step is to purchase and register the domain in your name. To complete your domain registration, youll usually provide some personal details and payment information.
You can choose to reveal your information in the WHOIS database so interested potential buyers can contact you. You also have the option of hiding your contact information at the time of purchase.
What Are The Risks Of Flipping Domains
The risk of flipping domains is that youll make a bad investment that doesnt pay off. Theres no guarantee a buyer will want to purchase your domain name for a higher price than you paid for it or at all.
You could also reduce the risk of loss by not spending any more money than youre prepared to lose. As mentioned, you can buy a domain for less than $10 per year, so as a beginner you could start small and scale over time as you gain experience.
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How Does Domain Name Buying And Selling Works
The process of domain buying and selling is very simple, there are no specific requirements for this business
Basically, you need to buy your desired domain name at the cheapest price and then put them for sale by setting higher pricing for domain names.
There are several domain name providers, you can buy a brand new domain name from a reputable and best domain registrar. The cost of a domain name varies. It is available from $1-$15 for one year.The DomainRacer is the best web hosting company that provides the domain name at the cheapest price. If you buy these domain names at a reasonable price, then you can earn lots of profit when you want to sell.
If you are worried about how to choose the best domain name for business, then no need to worry you can go through the below article.
Verify That The Domain Is Available
How do you find the names you should probably buy now that you’ve cut down your search?
First, determine if the names are available for purchase as fresh domain registrations. If no one else holds the domain names, you can acquire them right now.
If the names you want are already taken , go to the aftermarket and buy from people who already own them or who have let them expire because they no longer intend to use them.
To swiftly narrow down the types of names you’re looking for, use the advanced search option. You can filter the results by price, top-level domain , keyword, and a variety of other factors.
Using this function, you’ll be able to swiftly sift among the millions of domain names available on the marketplace and locate the ones that best suit your needs.
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How Much Does A Domain Name Cost
Before getting started with domain name flipping, youll want to keep in mind your budget. The good news is that registering a domain name can be extremely affordable. You will typically pay anywhere from $10 to $25 per year to register your domain. You can pick up a domain for less than $10 on NameCheap!
Because purchasing a domain is so affordable, domain flipping can be a great side hustle for those without a large amount of money.
Transfer The Domain Name
After receiving the payment, proceed by transferring the domain to its new owner. However, before initiating the transfer process, make sure that it fulfills the requirements.
More than 60 days must have passed since the domain registration or last transfer. Also, its not possible to transfer a domain name to a new registrar if you changed the registrants name, organization, or email address within the last 60 days.
Then, the process varies depending on how and where it is registered. At Hostinger, its easy to transfer a domain from any registrar. You just need to enter the domain name along with the EEP status code from your current provider and confirm the transfer. The process usually takes from 4 to 7 days.
Pro Tip
Check out our support page for more details on how to transfer a domain to Hostinger.
Throughout the transfer process, ensure the buyer can easily contact you and answer all of the questions they may have. This will build your reputation as a reliable domain seller.
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Other Side Hustles To Consider
Although domain flipping could be a profitable online business, it might not be for everyone. Youll need to invest some time into learning what makes a valuable domain and scouring the internet for the best domain opportunities.
If youre not interested in this process, you might find more success with other side hustles. Instead of flipping domains, for instance, you could flip books for profit. You might already have books or textbooks around your home you could use to make money online.
Another unique side hustle idea is starting a vending machine business. By purchasing a vending machine, you could make hundreds of dollars per month as relatively passive income. This guide explains more about how to make money with vending machines.
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What Does It Mean To Flip A Domain
To flip a domain is to buy a website domain and sell it for a higher price.
The final goal of domain flipping is to earn a profit and make extra money on the side. With the right strategy, domain flipping can turn from a part-time gig into a full-time job.
Are you wondering how to buy, grow, and flip content-based websites? See how investor Mushfiq Sarker flipped a WordPress site for $175,000. Other big names in the industry, like the acclaimed domain broker Ali Zandi, made a profit of $58,000 by selling eight domains just 60 days after buying them .
Keep reading and discover how you can start making a name for yourself in the domain business world.
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How To Sell A Domain Name
Selling your domain can be a lengthy process.
You might not get any takers right away and thats ok. Its just part of the game. The most important thing is that you find the right buyer for your domain name.
Lets say you have two potential buyers:
- The first one is just interested in getting a good domain at a great price.
- The second one wants the domain name specifically for a project they are doing.
Who would you want to sell your domain name to?
Clearly, its the second person.
Why?
Well, because they want it for a specific project which means its worth more to them. The first person is just interested in getting the cheapest deal possible.
So, here is my 6x step process of how to sell a domain name to the right buyer.