Domain flipping business is one of the easiest online business that can guarantee a steady income and profit once you know how it works.
Now I believe it is time for Nigerians to embrace domain flipping business and that is what this post is trying to do, enlighten you on the possibility of domain flipping business in Nigeria.
WHAT IS DOMAIN FLIPPING BUSINESS EXACTLY
Flipping simply means buying something at a lower price and then selling it at a higher price. As a result, you can earn a profit.
Hence, Domain flipping is the basic act of selling or reselling domains at higher price than when you bought it to make profit. You see how it adds up now right?
While domain flipping business has gotten a foothold in the western world, it is just getting its recognition in Nigeria and Africa as a whole of recent.
It is really a great form of online business that we all should embrace especially those who have idle domains or unprofitable blog, Domain flipping might just be what you need for your online breakthrough.
QUICK INFO ABOUT DOMAIN FLIPPING
This are examples of profitable domain reselling that has gone down in history:
- fund.com sold for $9,999,950
- porn.com sold for $9,500,000
- fb.com sold for $8,500,000 .
- diamond.com sold for $7,500,000
- beer.com sold for $7,000,000
- z.com sold for $6,784,000
- slots.com sold for $5,500,000
- casino.com sold for $5,500,000
Click here for more record breaking domain sales.
DOMAIN FLIPPING WEBSITES
You can make a incredible gain of between 100% and up to 10000% for a single domain sale and all you have to do is buy a domain name from a domain registrar that is well known and recognized like Godaddy.com or buy through an online auction at Namejet.
You can resell or sell your domain on the following websites or through the domain markets sites like
FLIPPING DOMAIN NAMES THE RIGHT WAY
In flipping domain names, you have to get creative as most letters and single word domains are already off the market but you can join up to words to create a meaningful and brand able domain name.
You have to buy trending words that are quite easy to remember like babysteps.com, collegereap.com and the likes, then list them for sale through the domain market sites listed above.
A domain name is quite cheap and simple to buy and can be bought between N500 to N2,000 as long as it is a free domain name that no one owns with your with Atm card.
You can also buy a domain name and park it for future sale or buy a domain name, develop a website that would send traffic to it and sell.
There are various avenue to exploit this online money spinner and it is left to you to become creative and see what you can churn out of it in the long run.
SIMPLE DOMAIN FLIPPING GUIDE
It may surprise you to know that there are various methods of doing this kind of profitable online venture and professional domain flippers can go as far as buying a domain name for cheap and resell for a higher amount or park them and wait for the value of that domain name to increase before reselling.
To learn more about domain flipping business you can go through this forum www.namepros.com.
The forum covers all aspects of domain flipping business because you do not want to buy a domain name that no one would end up buying it from you.
Kindly drop your comments on Domain flipping business if you have any question and i will gladly reply you
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