Domain Flipping can be a very serious issue for many people. Some people develop their skills and expertise out of it, or some may consider it to be an advantage of looking for a great domain name for their website. Many domainers, domain investors buy the domains for their future use or resell them later. They consider it as an investment too. Here in this article, we will be explaining the concepts of Domain flipping and how it works.
What does domain flipping mean?
Domain flipping is a process of purchasing a domain name with the intent of quickly selling it at a higher cost. It has essentially nothing to be done with the domain name to increase its value. The key to a successful domain flipping has the domain at the right place and at the right time to acquire the domain before it becomes a premium domain in the future.
How to flip a domain?
Here is the complete comprehensive process on how to flip a domain name:
- Finding and researching a domain name:
- Searching: You can come across all the domain names by searching at a domain name provider or using the various keywords tools to find that whether they are in use or available for purchase.
- Drop Catching: Drop catching is a service that can be availed to secure a domain name after it is expired. Once the domain is expired, it enters into a Redemption Grace period giving the owner the last chance to procure back the domain name again. After the completion of Redemption grace period, the domain name is available to the public to register again. Drop catching allows people to bid on a domain name that is currently in the RGP. The service then selects the person with the largest bid and then attempts to register the domain on their behalf at the multiple domain providers.
- Register a domain name: While registering a domain name through drop catching service registration will be done on your behalf or if your domain name is through regular search then you have to get it registered for you. Registering a domain name is usually simple, easy and quick. You will probably need to register the domain for a year.
- Finding a buyer: This is a pretty daunting task and can be done through some options available to you:
- Create a Landing Page: You can make a basic web page explaining the domain name available for say by providing all the details to contact you for the interested parties.
- Disable WHOIS Privacy settings: Generally, it is recommending to enabling WHOIS privacy to secure and hide the contact information of the domain administrator from the online WHOIS database. However, in this case, disabling will make it easier for the people to reach and contact you for buying the domain.
- Make appearances on the listings: You can list the domain for purchase on the services like afternic and Sedo. You can also mention the details of the domain along with the price you want.
- Sell the domain: You can sell the domain to the interested party based on your negotiation. You also have to ensure that the money and domain name has been successfully exchanged.
