Complete Guide to Domain Flipping [Updated 2022]

Domain flipping sounds like a controversial topic to discuss, but it may bring you significant money if you know how to flip a domain correctly.

What is Domain Flipping?

Domain flipping is like flipping any other thing, such as real estate, cars, and furniture. A domain is a string of characters that defines a website’s identity. Domain names can have notable effects on a website’s success. Domain flipping is buying a domain name for free or at low prices and selling it at the right time to the right client to make a profit. If you are interested, this can be a full-time job for you!

It is worth mentioning that Cars.com is the most expensive domain sold ever, for $872 million.

5 Steps To Flip A Domain Name in 2022:

If you are interested in domain flipping, or you own a domain that you want to flip, here are the steps you need to follow:

1. Search and Find a Domain Name

If you currently own a domain name, you can skip this step. However, if you want to do domain flipping to make a profit, you need to search and find a domain name. The best strategy is to find inexpensive domains at first and then sell them at amazing prices later on.

Online domain name searching tools help you find domain names for specific products, services, or companies. Domain auctions are another resources to see domain names.

2. Evaluate the Domain’s Value

Once you have purchased a domain name based on your budget, you need to evaluate the domain name’s value. Domain names can have different values considering some factors such as:

Length: Typically, shorter domain names are more valuable.
Search Friendliness: If a domain name is friendly to remember and search for, it will positively affect a website’s SEO, making it more helpful.
Relevancy: Relevant domain names in specific subjects are more practical. For instance, orderfood.com has more value than cars.com if most of your clients are in the food industry.
Top Level Domain: There’s no doubt that .com is the most popular domain TDL; however, hundreds of new TLDs are emerging with more chances of finding a suitable domain name.

It would be best to search for each value independently to predict your domain’s value.

3. Registering the Domain Name

After you have completed your due diligence, you can purchase the domain and register it in your name. Usually, this process does not take long.

4. Search and Find a Domain Buyer

This is the most tricky and vital part of this process. You should find a buyer who aims to pay for the domain more than you did. There are several alternatives that you can choose to find a buyer.

For instance, make your registry public and let prospective buyers contact you. You can also list the domain in a domain auction. Moreover, you can create an attractive landing page on the domain that leads potential buyers to purchase the domain.

5. Sell the Domain Name

Once you have found the proper buyer, you can sell the domain. Since this step includes the payment process, it can be tricky. A secure escrow service is essential to protect the private information and money of both the seller and the buyer.

There are several escrow services that you can use to transfer the money, but if you want to select the most secure one, you would better opt for Domchain.

Domchain provides a safe escrow service for domain buyers and sellers in which the payment process is completely secured by blockchain technology. Moreover, it is the only escrow service that promises to transfer all the money in less than 2 hours.

Domain Drop Catching or Domain Snipping

Domain drop catching or domain snipping is a form of domain flipping. Domain names’ registrations have an expiration date. Domain drop catching refers to buying a domain name when its registration date is expired and the previous owner has not extended it. Typically domain owners have 30 to 90 days to extend the registration.

If you use this method to find a domain name, you should register it with your name.

It is worth noting that commonly buying expired domains is cheaper than buying new ones.

Conclusion

Domain flipping is like flipping any other thing. You buy a domain name and sell it at a higher rate to make a profit. To flip a domain, you need to find a domain name, evaluate its price, find a potential buyer, and sell the domain.

The payment process while flipping a domain is crucial for both buyers and sellers. Domachain is a secure escrow service that provides safe money transfers, particularly for domain buyers and sellers. Domchain delivers a reliable escrow service and secure payment process with blockchain technology and promises to transfer all the money in less than a few hours.

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