How to free domain name success kit Domain Flipping Perfect

 How to free domain name success kit

Chapter 1: 

Domain Flipping  An Overview

Buying and selling domain names can be an exceptionally lucrative venture to get into, however if you are starting off with very little cash flow, it's always best to purchase lower cost domains and generate small profits as you work your way up to larger flips.

I have sold hundreds of domain names that I secured from marketplaces like Ebay and resold on marketplaces like NamePros.com or DNForum.com.

While the marketplaces where domain sales are most lucrative will change from that of website flipping, the game remains the same with your focus being on locating and purchasing low cost domains and flipping them for a higher price.

One of the great aspects of domain flipping is that the efforts required are minimal. No longer must you locate or integrate content, tweak website pages, outsource tasks, or transfer websites.

All you need to do is find memorable, appealing domain names in niche markets and sell them to buyers, eager to create their own website on this domain.

Furthermore, the risks are quite low as are the investment costs, and once you have set up your system so that you are generating daily profits, it will require no more than one hour a day to keep the cash flow going.

Many of my partners, students and friends are earning $500 - $2,500 per week from flipping low cost domain names, while others have gone to secure high value domain names that are generating them revenue even before they are resold.

It's not a difficult business to get into, if you follow my simple guide to buying and selling domain names.

To start, you will want to create accounts at the following places, where you can both buy and sell domain names:

Chapter 2:

How to Choose Perfect and Relevant Domain Name?

When it comes to finding the best domain names, the easiest route to take is in exploring the expired domain listings.

With expired domain names, it simply means that they have previously been registered and left to expire. These are far more appealing to buyers due to the fact that they are considered 'aged', despite the fact that they have expired and are no longer active domains.

I use a few different resources when locating expired domain names that I believe to be winners, one being the free service located at www.WSMDomains.com and http://www.RedHotDomainNames.com

Here, you are able to access and download lengthy listings of both expired domain names as well as domains that are about to expire.

Download lists of expired domain names each day, and run them through a filtering script, such as the one available at:

www.alouwebdesign.ca

Another filtering tool is available at:

www.DomainPunch.com/products/domainfilter and its entirely free.

What this script will do is enable you to sort through the listings of domains by extension, as well as weed through domains that have numbers or hyphens.

Its quite flexible in how you can set it up to filter through these lists for you, hands free.

Best of all, it can handle very large text based lists.

Download and install the software and check it out. You will find it will save you an incredible amount of time and make the job easier and more enjoyable.

When it comes to purchasing domain names for resale, you want to stick with the top level extension, the dot com, and avoid any domains with numbers, or other characters. 

You will also want to focus on searching for expired domain names that are as short as possible, and with utilities such as the one available at alouwebdesign.ca, you are able to search through your lists by setting a maximum and minimum length, meaning that you can sort through the domains so that only ones that are shorter will appear.

Personally, I set the maximum length to 20 characters and of course, the minimum to zero, so that it includes the shortest domain names on my expired lists.

You will also need to enter in specific keywords, these are words that when contained within any of the expired domains, will be included in the results page after you have entered in your list and filtered through the results.

Creating a keyword swipe file is an ongoing job, and one that you should concentrate a lot of effort on, as the more prime keywords you enter into the software, the better your chances of finding true gems.

This comes down to the niche markets you cater to, and you should take a bit of time to start creating a list of keywords in a text file that you can copy and paste into the software.

Apart from targeted keywords, you should also consider thinking outside the box a bit, by drumming up a list of memorable keywords that when added to a domain can be used for branding purposes.

I've sold countless domain names contrived of two keywords that really made no sense together but because of the sound, the appeal and the brand-ability factor, they were gobbled up quickly.

Think about some of the Internet's most popular websites like Twitter.com, Facebook.com or FeedBurner.com whose domains are off the beaten path but definitely memorable, which is one of the best important elements of a domain names profitability.

Take some time to get familiar with both the expired domain websites as well as the software available to help you manage the lists and weed through potential gems.

Once you have sorted through your lists, it's time to run the remaining domains through a bulk domain registration tool, to determine what domains are still available, as others downloading these lists may have scooped up a few already.

One great resource for checking large domain lists for availability is available at www.Moniker.com where you can enter in hundreds of domain names and allow the software to validate whether the domains are available or have been registered.

With Moniker, you can check up to 500 domains at once, which will free up a lot of your time so you can continue searching for solid and available domain names.

You can visit Monikers bulk domain registration page at:

http://www.Moniker.com/domains/batch_reg.jsp

On this page you will see the following form:

Once you have a solid listing of available domain names, it's time to follow the advice of many who have garnered wealth in the domain industry for many years through proper and careful selection.

Copy and paste a portion of your domains from your list into the text box.

Remember, it can only check 500 at a time.

Once you have entered them in, click the Search tab to send your query off. Wait a few minutes for the results. (This can sometimes take a few minutes, so be patient).

When checking for domain names you can choose to have Moniker search for only dot com extensions which is what you should focus on primarily, when you are new to domain names.

Dot com (.com) is the most popular extension and are often easier to flip.

For other extensions, you will be required to do more in depth keyword and traffic research so lets stick to .coms for now.

Once Moniker is done searching for the domain names you have entered in, you will see a results window where you can choose to register them with Moniker.

Note that you are not required to register them there, you can use whatever domain registration provider you wish, we are simply using Monikers bulk domain checker to sort through our lengthy list to determine availability of each domain name.

For me, I typically register a handful of domain names a day; I never go overboard unless I happen to stumble upon a great list or a good deal.

When you are first starting out, you should set aside $50.00 and try to register 5 domain names to start.

Once you have begun to generate a profit and have a feel for how domain flipping works, you can begin to take a portion of your profits and invest it back into registering domain names.

It will not take long before you have the business paying for itself entirely, including higher priced domain names that you will eventually register and flip.

You can also find tons of expired domain lists on domain forums and blogs. I have included quite a few within the Resources section at the end of this guide, so be sure to check those out. 

Whenever you download an expired list of domains, you should begin to weed through it taking notes of the ones that appeal to you either because they are short, memorable or based on keywords that you have found to be in demand.The only problem with expired domain listings are that if you dont move quickly, a lot of the better domain names will be snatched up as these lists tend to get distributed all over the Internet rather quickly.

Another obstacle when browsing through expired domain lists is the fact that often times domain registrars such as GoDaddy.com, will snag any domains that have existing traffic.

This means that some of the domain names on the lists will not become available after they have expired, but instead, held by the domain registrars for a period of 5-7 days before potentially being dropped and made available again.

The best way to address this is to go over each lists (and as many different lists as you can), taking notes of any domain names that are appealing.

Write them down in a text file and every day, take a few minutes to check whether the domains have become available to the public.

Before you do this however, you should know that there are many domain registrars online that will literally steal your domain research.

What this means is that when you type the domain name into your browser to see if its available, or if you visit a domain registrars website and enter in a domain to see its status, these companies analyze this data and may snap up a domain you are considering.

This has been happening for many years and has recently caused quite a stir amongst the domain community when some well-known registrars were caught doing this.

To avoid domain snatching, I recommend using a trusted provider, such as www.DomainTools.com managed by Jay Westerdal.

Jay has a strict policy against domain research stealing, so you can rest assured that if you use his service to check for domains, you will not be exposing your considerations to someone waiting to snatch it up.

www.Verisign.com is also another trusted provider, and despite allegations regarding NameCheap from time to time, I have used them for many years without any problems in having my potential domains gobbled up or squatted on by their team.

They are also my chosen registrar due to their lower prices and included WHO privacy protection guard that comes free with every domain registratration. 

Chapter 3:

Values of Aged Domains

Domains that have been registered and never dropped are called Aged Domains.

These domains typically sell for more than a new one does because it has been around for awhile, its usually out of the Google Sandbox and for those who are looking for aged domains, it can help them develop an existence online, a history, or credibility in their niche markets simply because if the domain has been around for years, it appears that they have as well.

Aged domains can also be found on forums like DNForum.com and simply by typing in the keywords Aged Domains into the search bar you can easily locate domain auctions that include these older domain names.

I have purchased dozens of domain names for $40 or less that were anywhere from 5 10 years old. Just based on the age alone I was able to flip these domain names for over 5x what I paid.

For instance, one domain name I purchased was never used, meaning it had never featured a website on it, it just sat parked in the users account for over six years.

I purchased the domain for only $30.00 and because of its age, I was able to flip it for $379.00.

Thats quite a boost in profit from a domain I paid so little for.While there is no exact science as to what type of domain names will ultimately be worth the most, apart from the obvious short and memorable domain names, there are a few things to keep in mind:

1) Development Potential

When you analyze the available domains in your list, consider what each domain name could represent and be used for when creating a website presence.

An example of which is whether the domain name is one that could represent a product title, or better served as a personal portfolio, a social community, a directory or perhaps a forum.

While the purpose of the domain name will unlikely match your ideas when it is sold, by thinking of a clear purpose for each domain name will not only help you make sound choices during the selection process, but can also be included in the domain auction, as a way of passing on the ideas to prospective buyers who are considering purchase.

2) Length

It can not be said enough, that the length of a domain name, apart from the odd occurrence where you locate a lengthy domain name that still carries with it, a memorable element, most of the domain names you purchase should be relatively short, basically consisting of two words.

3) Trademark Issues

Avoid registering any domain names that could infringe upon the trademark of existing companies, whether or not you believe that the company will take action or not should not be considered.

The last thing you want is to purchase a domain name that is unable to be sold due to buyers being cautious or concerned of building a website on a domain that ends up being seized by a company wishing to protect their identity.

4) Relevant / Popular Keywords

Does the domain name contain popular keywords that are used by those seeking out more information in search engines? If so, your domain name just increased its value instantly.

One of the easiest ways to determine whether a keyword is a common one is by using the free service available at www.SEOBook.com or www.Overture.com

5) Existing Traffic

If you are purchasing aged or recently expired domains, you will want to determine whether there is existing traffic to the website or not, thus increasing it's value immensely.

Organic, natural traffic sent directly from search engines is the best kind, however back links from other websites are also very important to potential buyers.

An easy way to determine the number of backlinks as well as page rank and other important information is by visiting www.CheckPageRank.net where you can enter in domain names and retrieve useful data relating to the name itself.

When it's time to register your domain names, you can use any registrar that you wish.

Personally, I use both www.NameCheap.com and www.GoDaddy.com , a favorite among the domain buyers and sellers. Regardless of the registrar you choose, you will want to make sure that you park them on service sites such as www.Afternic.com or www.Sedo.com so that you are able to generate revenue while you are preparing to sell the domain itself.

6) Spelling and Pronunciation

Is the domain name easy to say aloud? If your customer were to purchase the domain and build a business with this name, would they be able to easily brand it?

For example, domain names with double letters such as www.cashhour.com may often be mistaken for www.cashour.com, just the same, domains with odd spellings, hyphens or numbers would have to be clearly spelled out, or explained when someone is attempting to promote their website through word of mouth, rather than in print.

Consider this when registering domain names, and make sure that the names you choose will not be mistaken or misspelled by potential customers of yours, as well as the person who ultimately purchases it from you, otherwise it will experience a significant loss in perceived value.

When choosing your domain names, there will be many factors that come into play.

The type of audience you are catering to, the auction sites you are featuring them on, the price range you are expecting and so on.

There is no one way to do this, and you will learn to become a better domain evaluator (and purchaser) from hands on experience. Using the guidelines above however, will help you maximize your efforts and minimize your costs (and loss.  

Here are some other recommended domain registrars:

www.Moniker.com

www.wordpress.com

www.hositneger.com

www.godaddy.com

Chapter 4:

Domain Parking 101

Domain Parking is when you temporarily direct your domain name to a website, who in turn, will pay you for the traffic that is received who in turn, ends up clicking on the featured advertisements.

Two of the more popular choices amongst domainers is www.Sedo.com and www.Afternic.com

These two parking services have been around for many years and are both reliable in terms of payment and in providing accurate statistical data.

With Sedo, they will indicate whether the domain name you are parking has existing traffic, and of course if it does, you can price your domain name at a higher range.

Sedo also creates a domain name sale page for you, which visitors to the domain will see whenever they visit. This means that you can end up selling domain names by doing absolutely nothing if someone stumbles across your domain and sees it for sale on Sedo.

Of course, you can choose to deny their offer if you arent happy with it or accept it for prompt payment from Sedo, who will take a percentage of your sale and pay you the rest.

To register for a free Sedo account, visit http://www.Sedo.com and click on the Create Your Free Account link to begin.

After you have created your ac

count, Sedo will ask you to enter in any domain names that you wish to park with their service.

You can enter in as many or as little as you like, or you can skip this step altogether until you are ready to come back to it at a later time.

If you do decide to enter in domains at Sedo, you are able to specify a category, your asking price, and a minimum offer for each of your domains.

If you enter in a minimum offer, potential buyers will be required to bid that amount in order to even be considered. This can save you a lot of time and eliminate ridiculously low bids of a few bucks.

I always enter my minimum bid to be at least $15 above my registration cost. In order to direct your domain to your parking service, you will need to update the nameservers associated with your domains.

By default, your nameservers will point to the main page of whatever domain registrar you choose, for example, if you register a domain name with NameCheap, your domain www.xyz.com when loaded, will bring visitors to NameCheaps' main page until you update the DNS.

It's quite easy to do this, and depending on your register the exact area in your account where you update this information will vary, however the best way to begin is first by creating your account on the parking service you choose to go with, such as www.Sedo.com .

Sedo will provide you with nameservers that may look something like this:

ns1.sedoparking.com and ns2.sedoparking.com

After you have these nameservers written down, log into your domain account and search for the "NameServer Update" link (It may be called DNS update, Web Hosting Update, etc).

You may need to contact your domain registration provider to ask where to go about changing this information if you are unable to locate it within your account.

Shortly after you update the nameservers, your domain will be pointed to its new parking home, and you will be able to see this by entering in your domain name and seeing where it leads you.

If you update your nameservers and your domain still remains pointing to your registrar, don't panic- - it can take up to 24 hours for your domain's nameservers to be successfully updated, so check back at a later date to confirm that your domain name is now pointing correctly.

It's important to get to know your way around your domain registration interface because once you sell domains, you will need to transfer (or push) them to your customers.

For registrars such as www.NameCheap.com, you can click on the "Push Domain" link and enter in your customers username and instantly push the domain into their account, without them even having to accept.

For GoDaddy.com, transferring a domain name is a bit more complicated, as you will be required to enter in personal information regarding the customer who purchased the domain from you, but after you've done it a few times it will be extremely easy and quick to process each order as your domains sell.

Note: Don't be afraid to contact your domain registrar for assistance should you be confused about how to transfer domains, register domains or update your nameservers. They are there to help you, and with many of the more popular domain registration providers, they offer live help, toll free support and online help desk should you need to get in touch with a support representative.