Domain Flipping is one of the online money making methods, where you find a good domain to buy and then sell it for your profit. Basic knowledge of domain flipping is required for this business. Domain flipping can be started by buying or registering a new domain about only $10. How to choose a domain name? This, on the other hand, is a big question.
Businesses need websites for marketing their products and services and will definitely need Domain Names. According to a report, there are more than 330 million domain names that have been registered until June 2017. The number is rising and hence the availability of domain name is getting limited. Many Businesses find it difficult to register a new domain name because it’s already owned by someone else. This condition creates the opportunity to get profit through domain flipping.
You can also register new domains or purchase cheap domains and sell them for profit. It seems easy to buy/register new domains and sell them for hundreds of dollars, but it’s not. You should learn about how and which domains to register/purchase and how much it actually worth. Here are some tips about how to choose a domain name for flipping:
1. Domains containing Keywords
Find domains containing popular keywords. Almost every website owner looks for a keyword containing a domain name that is related to the topic of their website. A good keyword is one which has a high search rate and a good cost per click (CPC) rate. You can use Google’s Keyword Planner to search for popular keywords.
2. Short domain names
Short domain names are easy to remember and hence can generate high profit. Keep your domain names to maximum 4 characters like AIFX.com, ILLL.com, etc. BTW AIFX.com was sold for $50,700 on June 2017.
If you can’t keep it short to 4 characters, go for a 1 or 2-word meaningful domain name like Chess.com, etc. Don’t register or buy domain names with meaningless long words.
3. Memorable domain names
Only register/buy memorable and easy to spell domain names. It is important to pick domain names that are easy to remember and spell. A company or website owner will always want an easy to remember domain name for their website to get more visitors.
4. Brandable domain names
These are the names if you pronounce them they seem like a certain brand, product or business. There are many examples like Adidas.com, YellowPages.com, etc. Use your imagination and creativity ability to select brand-able names for your domains. Businesses tend to buy brand-able domain names regardless of price. You can use BrandBucket to get more ideas on brand-able domain names.
5. Domain names with popular extensions
There are many extensions other than.COM like .NET, .ORG, .ME etc. But if you are new to domain flipping, you should stick to .com domains because they are most popular. Most of the businesses look for a .com domain and they are easy to sell.
6. Buying Expired and Deleted Domains
Buying expired and deleted domains can be beneficial but requires a lot of experience. You can visit expireddomains.net and DomCop and look for expired and deleted domain names to flip. But you have to be careful while selecting these domain names. You should look for a high DA domain name with quality backlinks. Sometimes people do black hat SEO to give their domain boost in the ranking by making harmful backlinks. A good domain name with high domain authority will have a nice quantity of backlinks and referring domains. Avoid domain names that have porn and gambling sites in backlinks.
Hope this little guide will help you and you will learn how to choose domain names. If you are looking to start some other home-based business, you can read our 11 home-based business ideas and how to start a home-based business.