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Small Business Idea #319:
How to Start A Domain Name Internet Business
Sherry Han has been buying and selling domain names on ebay for almost two years now. He shares his secrets in buying and selling domain names for thousands of dollars in profit in his book, Fast Domain Riches. Get your copy here.
Flipping Domains For Insane Profits – The ‘Where’ And The ‘How’
By Fabian Tan
This is a quick way to make money online easily and quickly, if you are desperate for cash. It is like buying a piece of real estate and reselling it for a profit, only on a smaller scale of course. But the concept is similar and it is called flipping domains.
You should take some time to think about which domain you want to flip, then head over to a domain registrar to register the domain. Some reputable registrars include GoDaddy and Namecheap. You need to go with a domain name that has value and that people are willing to pay for. Look for rising trends on the Internet and see if you can tap into the craze by flipping a domain name.
Do be careful not to register names that might infringe on trademarks though, such as something with Google or Yahoo in it. A great place to get domain name ideas is to visit domain name flipping forums, where there are many great ideas for domain names.
Once you have your domain name, you can then resell it at high-traffic sites such as eBay or Yahoo auctions. Set a 7 to 10 day auction and wait for bids. When the buyer completes his payment, you can then transfer the domain over to his account within your domain registrar’s control panel.
The key in all this is to acquire a domain name that will have demand. So spend time brainstorming a short list of domain names you would like to flip. This is a great way to make some quick cash with minimal effort.
Fabian Tan is the author of the free 51-Page Report:
“Murder Your Job: How To Build Cash Sucking Autopilot Businesses In 30 Days Or Less!”
Head over to http://www.MurderYourJob.com to get your free copy now before it’s gone!
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