What is Domain Flipping? – Domain Flipping Intro

Have you ever came across this title ‘Domain Flipping‘ which online marketers consider as another proven way to make fortune online?. It is possible for you to be hearing, reading and seeing those words but not understand what it is all about, how and who can venture into that online business.

I used to feel bad whenever I see the way some online marketers set up their sales page, most of them won’t even consider the newbie and those who has a very little understanding about what an online business is all about. They will write different ‘Topics of online businesses’, how much you can make from that business and that everybody can do that business. Its very obvious that their description you to be short and they don’t use to write the basic requirements for each of this topics.
In this post, I will be explaining very brief on topic; what ‘domain flipping is, the basic requirements for this business, who can do it, how it is being carried out and finally how much you can be making from this business.
The post is going to be summary of the above topics, so if you wish to learn it in full I will publish the full tutorial soon (just stay tuned to bonanzawap.com).

Now, In a nutshell;
1. What is domain flipping: Firstly, What is a Domain name?, I will define a domain name the direct address to locate where your files are being located on your hosting server. Domain is the website/blog address ( like bonanzawap.com for this blog).
Now, Domain Flipping is act of selling a already registered, pre-registered, or already expired domain names.

Also Read: What is Freelance or a Freelancer? and How to Make Money With it

2. The basic requirements: To run this business successfully, you must have the following requirements;

N1,500 as a minimum starting capital or more if you wish to start with multiple domain names.

A mobile phone and email address (for alerts).

An internet connection.

A Computer or a tablet (I don’t recommend phone).

And your brain as usual (lols)

3. Who can do this business: Well, there is nothing like an age range in this business but I will strong advice that you must be 18yrs and above.
4. How it is being carried out: In domain flipping, you will buy/register new or already expired domain names and then sell them to the interested buyers around the world in some websites like; flippa.comwww.gifthosts.com/selldomain.html, you can also google search ‘where to sell domain’.

Must Read: What is Fiverr?, How To Make Money Selling Gigs & Alternatives To Fiverr

5. How can I be making from this business: your income cannot be measure from this business, it depends on how much you concentrate on it. I have read a report of an average Nigerian guy who claimed he sold a single domain name in a day for N200,000 but he paid to campaign for the sales of that domain, He said a domain that you bought for around N2,000 can be sold for around N65,000 in few days later.

MY CONCLUSION
Online businesses are not as that easy as they seems to be but with concentration and determination you can make it online.
I am not saying you are going to earn thousands of dollar overnight from this business but you can make good fortune from this business.
Goodluck.

Watch out for the full tutorial with pictures very soon
Drop your questions and contributions below.

Source: Our Website www.bonanzawap.com