Have you heard about the incredibly easy way to make money on the Internet known as domain flipping? Probably not, this isn’t widely talked about and many people won’t even know what flipping is.
But it is an unbelievably successful system that allows the select few that know about it to make money month after month, year after year.
Before I go any further, I guess I should cover what domain flipping is. In its very simplest form, it is when you take a domain name, buy it for cheap and turn around and sell it for a profit. How much profit you make really depends on your skill, or how much time you’ve put into learning how to do it.
Just like everything else, if it is worth doing, then it is worth doing right. Here is a quick example that will better illustrate what I mean. If you buy a domain name for less than $10 and turn around and sell it for $50 the next day you’ve made a profit. While this may seem amazing, let’s run through another one.
If your goal was to make $5000 a month flipping domains how much would you have to broker? Well, if we use the figure from our first example, you would need to flip 100 domains. While this is achievable, why would you want to work that hard? That would mean you need to sell just over 3 per day.
This is doable, don’t get me wrong, but learning how to make money with domains means learning how to work smart. Here is a little unknown fact that I am going to share with you.
Most companies will buy domain names with out much thought if they are $500 or less. Hum… Do you see what I am getting at? When you’ve learned how to really get into this business, you could make your $5000 a moth goal flipping domains in your spare time. Just think selling a one every three days rather than three per day. Trust me, that will really take the stress off, and you will have more time to enjoy your efforts.