One of the biggest mistakes that many who are new to the concept of business and generating an income on the net make is to believe that the online business world is some kind of revolutionary new way of making money.
They’re right in one small way in that websites are the modern online equivalent of shop windows but apart from this, business on the net is exactly the same as business in your local High Street or shopping mall.
And in exactly the same way as it is in your local mall, one of the most profitable Internet-based business tactics is to buy low and sell high.
This is often known as ‘flipping’ and in this guide, I’m going to introduce everything you need to know about one of the most lucrative forms of slipping, the buying and selling of domain names.
Buying and selling domain names is a little like flipping real estate in the off-line business world except for one crucial factor.
Whereas flipping real estate generally entails buying a cheap property to renovate or improve before selling it for a higher price, with domain names, there is often far less work involved.
Although you sometimes need to ‘renovate’ a domain name after buying it, it is often possible to buy and then sell without doing very much at all.
In this guide, I am going to be very firmly focused on domain names that fall into the latter category, domains that you buy and then sell having done very little other than pick up a tidy profit.
If this sounds crazy or too good to be true, trust me, it’s not. Yes, I know that market ‘wisdom’ suggests that if something sounds too good to be true, it usually is, but this case is the exception.
Believe it or not, there are still hundreds of low-cost domain names available today and every day of the week that you can easily sell for way more than your initial purchase price once you know how.
I’m not going to insult your intelligence by suggesting that there is some big secret here. Instead, I’m going to give you the complete rundown of how to make very good money flipping domain names without any B/S. Let’s do it…