How to flip domains quickly? This is not a rocket science. To flip quickly you need liquid domains or domains that have demand such as LLLLs, NNNNNs, dictionary names, keyword names etc. These are liquid domains can be sold at any time with a profit.
If you are a newbie you may ask; “Kalpana, where would I get these type of names?”
Yeah, there are plenty of places where you can consistently buy liquid domains and flip them quickly for a profit. Domain business requires constant cash flow as you need to pay renewal fees on your portfolio and also to market your domains. So having a portion of liquid domains in your portfolio is very important.
How to flip domains quickly?
There are many places and ways you can purchase these types of domain names. You, therefore, need investment. The domain business requires you to invest money. Money begets money. The good thing is that you can get started with as low as $100. The best way of obtaining quality domain names is through an online auction at Namejet.com. Let’s first talk about Namejet and then we’ll talk about how we personally ring the register by flipping domains.
Namejet is a domain clearing house (at least that is our term for it). What happens is that people let their domain names expire every day. Some people just don’t need their domain anymore or some people forget to renew it, some people die, there can be hundreds of reasons why a domain will not be renewed. What the domain registrars want to do is cash in on the domain that someone forgot to renew, so they offer that domain to Namejet to auction it to the general public.
Namejet auctions expired and live domain names. The bid for each domain starts at $69. What I LOVE about Namejet is the process… they let you search through the domains that are coming up for auction 30 days in advance. Whoever places a $69 bid on a domain will be entered into an auction when the 30 days runs out with everyone else who placed a bid. If you are the only bidder than you get the domain for $69. If there are 10 other bidders than there is a closed auction, meaning only you 10 guys can bid now against each other in a 3-day auction with the highest bidder taking the domain when the clock strikes zero.
Most people who take part in these auctions are not end-users but domain resellers. These guys look to obtain domains at a cheap price, do their research and sell the names to end-users. You have thus a chance of winning the bid. If you do your research properly you can spot a gem and win it without a bidding war. Maximum bid usually doesn’t cross $10,000 unless it is ultra premium like a LLL, NNN or super dictionary words like House.com.
.The key to successful flipping is to not overpay in order to leave yourself plenty of room to turn a profit when you flip the domain.
The first thing you need to do is signup at Namejet.com in order to get your account. It’s free and validate your identity. You can then use their search functionality to sort through all the upcoming domains for auction. Place bids for $69 on the ones you want to go to auction for. If you bid on 100 different domains for $69 each, and there are 10 bidders for each auction you need to understand you aren’t going to owe any money, you are not committing $6,90 to Namejet.
By entering that $69 you are getting an entry into the live bidding when the 30 days expire. Only if you are the ONLY bidder on a domain would you automatically win the domain and owe $69 to Namejet.
So what are some strategies to finding great domains to flip? Well, the first is to find quality domains. There are some sites that publish a daily list of good upcoming Namejet auctions like here: expiringdomains.net, freshdrop.com etc. This is an easy way without having to search to find some great upcoming auctions to bid on. If you have the time you can search Namejet yourself. The key to making money by flipping domains is to find domains that other people will want.
If the 30 day window period just started on a domain (for this example let’s say it was racingcars.com) you could use Google to search for ‘racing cars’ and ‘racingcars’ and see if you can find people who own sites that may be interested in this domain. Email them and ask them if they’d have an interest in purchasing the domain racingcars.com. If you get some bites you can then go and bid on the domain and if you win it you can flip it right away.
Another way is to find out who owns all the other domain extension for racing cars. There could be people who have brought the racin gcars domains with other extensions like .net, .org, .info, .es, .de etc. Since you won the COM version, the other extensions owners would surely upgrade if they have a budget. After all, COM is called king for nothing. All that you need to do whois search for the other extensions and push emails to them with a sales pitch. It would be very hard for them to deny.
Those are the two major approaches I follow and recommend to you when looking to flip a domain name quickly.
There are multiple minor ones which sometimes work to a lesser success rate. I’m not going to blab on about all these, the only one I will mention takes a look if any related domains sold recently. The historical domain sales site I like to use is http://www.namebio.com and in this example, I’d type racingcars.com in there and see if any related sales are shown (it may show you something like fastbluecar.com or mybluecar.com or bluecars.com, etc….). If someone bought a related domain name then they may be interested in your domain. Get the whois of the domain that they bought and reach out to them to see if they are interested in purchasing your domain name.
Beside Namejet.com you can also go to a domain name marketplace like Sedo.com, Afternic.com, or one of the other domain name marketplaces. There’s a bunch out there, Google is your friend if you want to find them all. And on the flipside, as a domain seller, you can list your domains in these marketplaces in hopes of having a potential buyer locate your domain. Listing your domains in multiple places will increase the chance of selling your domains manifold. You don’t have to worry because your own a quality domain.
There are also domain name brokers who will try to move your domain names for you. I usually approach a broker when the domain I acquire remain unsold for a longer period. I do everything to sell the domain I own in the auction within one year. If I fail I approach broker, and it works. The only problem is that you have to pay a commission.
Always pick a selling broker, not buyer-cum-seller broker. The buyer-cum-seller broker looks to profit charging commission both to the buyer and seller. He/she can surely tilt towards the person who would pay him/her highest commission. So beware of such type of brokers. No one can serve two masters.
How to price your domain?
That is up to you. You need to determine what type of domain seller you are. If you’re a quick flipper then buying a domain for $100 and selling it for $250 is a good day for you. If you’re a value-seller, you bought a domain for $100 and you think the value is $1,000 so you’re willing to part with it for $500. Or you’re a patient profit maximize and you sit on the domain in the previous example until you found someone who would pay you $1,000 or more. Obviously a lot of depends on your cash flow.
If a potential buyer shows interest in your domain, try to find his financial status. Google is your friend and it can tell you everything about your buyer. No harm extracting more dough from the people who can afford to pay. Your negotiation skill would be crucial in that circumstance.
Finally, you have to make sure the domain you bids are quality ones. Avoid forums where people quote higher prices and quality of domains are not good. Another thing is that the domains that are on sale on forums are heavily marketed by these sellers but without success.
So stick to quality sites like Namejet.com, Snapnames, DropCatch.com or Pool.com. I hope you gained a sound understanding of how to flips your domains quickly. If you have a large portfolio regular cash flow is very important and this method discussed in this post will surely ensure that.
Best of Luck.