As people who normally use internet only to check emails, shop, tweet, upload pictures, update facebook status or conduct some business, a large majority of us remain oblivious to the domain name and domain flipping industry. So, when we do decide to venture into it for some reason, it is only natural for us to carry some commonly known myths associated with it.

Many people think of domain buying and selling to be one of the easiest methods of making quick money . Perhaps, you may have heard of someone buying a domain name for under $3000 and then selling it for $25,000. A quick $22,000 profit! Such stories can be very motivating! And that sort of money does exchange hands (Go through 10 of the biggest domain name sales of all time!). But these deals don’t come as easy as they seem! Ask anyone who flips domains for a living and he/she’ll tell you the amount of hard work and skill that goes into it.

Is there anything trickier than choosing a great domain for your website? Domains can be worth a lot of money, with famous names like Hotels.com and Business.com selling for $11 million and $7.5 million respectively.

While tracking down multi-million dollar domain names is incredibly tough, it’s still very possible to profit from flipping domains for hundreds – sometimes thousands – of dollars each.

In this guide, you’ll learn six tactics for domain flipping. From tracking down expired domains with PageRank and great backlink profiles to buying local domains to resell to small business, read on to become a domain flipping expert.

Have you never invested in a domain before? Here are tips that can be of help
Focus on local domain names

Over the last decade, local search engine optimization has grown from a tiny market into a huge industry. From pizza delivery restaurants to dentists, almost every local business wants to be the first result for its target search keywords.

One of the best ways to climb the search engine rankings is with a domain name that includes your target keywords. For example, ChicagoPizzaDelivery.com should rank near the top of the results for keywords like “Chicago pizza delivery.”

Use Namecheap, GoDaddy or another domain registrar to search for local domains that could be of value to businesses in your city. Once you’ve found a winner, buy it and contact several local businesses that you think would be interested in owning it.

With a persuasive sales email, you’ll rarely struggle to find a local business owner that’s interested in acquiring a strategically valuable domain name. With the right focus on sales, this domain flipping strategy can be incredibly profitable.

Buy domains with PageRank

There’s more to SEO than just the keyword relevancy of your domain. Domains that were previously used for other websites but have since expired often have hundreds of backlinks and a reasonably high PageRank.

This makes them exceedingly valuable to SEOs interested in building links to their own websites or rebuilding the domain to attract search engine traffic. Expired or dropped domains with a PageRank of five or more are particularly valuable.

Finding domains with PageRank manually is incredibly time consuming, and you’ll rarely generate a good profit on your time. However, if you’re used to web scraping, you’ll find it easy to locate valuable PageRank domains in minutes.

Buy domains with PageRank

There’s more to SEO than just the keyword relevancy of your domain. Domains that were previously used for other websites but have since expired often have hundreds of backlinks and a reasonably high PageRank.

This makes them exceedingly valuable to SEOs interested in building links to their own websites or rebuilding the domain to attract search engine traffic. Expired or dropped domains with a PageRank of five or more are particularly valuable.

Finding domains with PageRank manually is incredibly time consuming, and you’ll rarely generate a good profit on your time. However, if you’re used to web scraping, you’ll find it easy to locate valuable PageRank domains in minutes.

Consider alternative TLDs

The days of .com, .net and .org being the only top-level domains worth considering are well and truly over. Today, every domain extension from .io to .us can be worth an incredible amount to the right domain investor.

If you spot a fantastic domain name that uses an unusual TLD, don’t shy away from it out of principle. With the popularity of domain hacks, an unusual top-level domain can often be worth just as much as the ‘gold standard’ .com extension.



Resources:
http://sellmysite.com/top-myths-associated-domain-names-business-domain-flipping/
https://blog.udemy.com/domain-flipping/


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