Become a Domain Flipper - Or - Have You Made $500 Today?

By Benjamin J. Thomas

You may be familiar with what domain flipping is. If not, you might be ale to make an educated guess. Before we go any further though, I want to set its definition in stone.

Domain flipping is nothing more than brokering online property. You buy a domain name and shortly afterwards flip or sell it for a profit. The profit is entirely up to your skill and experience as a broker. And as you can imagine, it is very important to learn how to do it properly, or run the risk of losing a lot of money.

Now you may be asking yourself, "what money"? After all, you can easily get a domain name for under $10. While this is true, this isn't what I was referring to. Let's use an example that could easily become a reality, if you fail to learn what you're doing.

You've just found a domain name that you think will be profitable. And before long, you've found a buyer that is more than excited to take it off your hands. Is this your lucky day? Most newbies will be thrilled when they begin to build their portfolio and even more so when they actually get to sell them. Stop! Are you getting a good price for your property? Maybe, but are you going to trust the person's ethics who's buying it? While it can happen that the person will treat you fairly, everyone is on the look out for a "good" deal. After all, who is it going to hurt? You're happy you made a sell, and they are ecstatic about their "bargain" buy!

Are you angry? You should be, because in our example you just lost a lot of money. What just happened is what is commonly referred to as "leaving money on the table", and this is a common beginner's mistake.

So how do you make real money and get a fair price for the domain names you're flipping? First you should inform yourself.

And here is a little tip that will probably surprise you. How many domain names would you have to sell to reach your $500 day? I know you're going to say one, and you're right. One is the answer. When was the last time you made that much in one day?

Many domainers themselves don't know this, but domains at or below this price get bought up by companies as spur of the moment buys. That means that there aren't any big meetings or deliberations, if they like it, they buy it. And you've just pulled in a healthy return on your investment, not bad for a day's work?

That is just one of many interesting trade secrets that you'll learn in your career as a domain broker. [http://iqbanq.com/domain-names/domain-broker/]Click here to learn more when you sign up for my free starter course. As a bonus, newsletter members will also get access to a very special resource page containing valuable information.

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