{"id":17227,"date":"2024-02-09T15:22:31","date_gmt":"2024-02-09T15:22:31","guid":{"rendered":"https:\/\/www.webmonkey.com\/how-to-make-money-with-domain-flipping-a-unique-side-hustle-idea\/"},"modified":"2024-05-24T19:38:38","modified_gmt":"2024-05-24T19:38:38","slug":"start-domain-flipping-business","status":"publish","type":"post","link":"https:\/\/www.webmonkey.com\/start-domain-flipping-business\/","title":{"rendered":"How To Make Money With Domain Flipping – A Unique Side Hustle Idea"},"content":{"rendered":"

Did you know that after Q1 of 2019, there were over 350 million domain names registered<\/a> in the world, and that domain registration rates have grown by 5.4% year over year?<\/p>\n

The internet is an incredible place, and every day, thousands of domain names are bought and sold at auction in the world of cyber real estate. It's truly remarkable if you think about it.<\/p>\n

Additionally, if you have a bit of know-how and patience, it's even possible to make money by buying and selling domain names.<\/p>\n

If you're looking to learn more about this unique way to make money online<\/a> and how to flip domain names for profit, read on!<\/p>\n

What is Domain Flipping?<\/strong><\/h2>\n

Domain flipping is a money making method that involves purchasing domain names and then reselling the names for a profit.<\/p>\n

You may have heard of people who flip houses as a side hustle. Well, domain flipping is basically the real estate game of the internet.<\/p>\n

A lot of guides assert that domain flipping is a quick game, but this isn\u2019t necessarily true. Some domains can remain for sale for a number of months\/years before the holder makes a profit, whereas some flips quickly.<\/p>\n

Additionally, like the real estate market, domain names can carry a hefty price tag.<\/p>\n

Check out this list from GoDaddy<\/a> on the most expensive domain names ever sold:<\/p>\n

\"highest-domain-name-sales\"<\/p>\n

This list also omits the sale of Cars.com, which allegedly sold for $872 million dollars based on SEC filings.<\/p>\n

As you can see, people don't mess around when it comes to purchasing the perfect domain name for their website or business!<\/p>\n

What Makes a Domain Name Profitable?<\/strong><\/h2>\n

If you look at the above list, you\u2019ll also notice a commonality among these valuable domain names: they are mostly single word domains or short letter phrases.<\/p>\n

This is a common trend across pretty much any niche or industry when it comes to domain name value.<\/p>\n

Some characteristics of valuable domain names include:<\/p>\n

Length: <\/strong>3-4 letter domain names are inherently valuable because it is impossible to register more of these domain names, and many of these domains can serve as exact matches for brands or companies.<\/p>\n

Age and Authority: <\/strong>Aged domains typically have greater domain authority due to their age and the potential they\u2019ve had for gaining backlinks over the years.<\/p>\n

Brand-Ability: <\/strong>zyxq.com or some random 4 letter combination isn\u2019t the easiest domain to transform into a brand\u2026privatejet.com or aaa.com on the other hand have potential.<\/p>\n

Domain Extension: <\/strong>.com domains are the most valuable domains around, but .org, .net, and some newer extensions like .io are still capable of putting up some impressive valuations.<\/p>\n

\"domain-name-meme\"<\/p>\n

Considering these value-adding factors is one of the most important parts of successfully flipping domain names.<\/p>\n

The nature of what potentially makes a domain valuable also leads to 2 main domain flipping strategies: topic based domain buying<\/strong>, and exclusivity based domain buying<\/strong>.<\/p>\n

In other words, domains are either considered valuable if they are excellent names for a topic\/niche\/business or because they are rare\/impossible to register again (like 3-4 letter combos).<\/p>\n

Here are some examples of each domain flipping tactic:<\/p>\n

In his interview with Domain Sherpa<\/a>, expert domain flipper Ali Zandi outlines some of his first successful domain name flips, which included:<\/p>\n