There are also lots more websites that are making smaller profits. Some are bringing in six figures, and others are making revenues equivalent to the average working man’s salary. And some bring in anywhere from pocket change to a few hundred a month.
Some see websites as long-term investments, envisioning the creation of a Web empire such as eBay or MySpace. But a growing number of Web entrepreneurs are turning to domain flipping to make money online. It is a sound strategy that offers low maintenance and high profits, while serving a market that shows no signs of slowing down any time soon.
If you know anything about the real estate market, you’ve probably heard the term “house flipping” used. Investors can make money by house flipping in two ways: They can either find homes below market price, buy them, and resell at market value, or they can buy fixer-upper houses, make repairs and improvements, and sell them at a higher price that reflects the increase in value.
One of the problems with house flipping is that it requires substantial amounts of money to change hands. Although it is possible to obtain financing to buy the properties, the money involved carries with it a certain amount of risk. Many a real estate investor has made a living through house flipping, but it can be tough to get started without a financial cushion.
Domain flipping is based on a similar concept. It involves purchasing a perfect domain names (also known as virtual real estate) and selling them for a profit.
You can register new domains, or you can buy them from webmasters who have already registered them. You can then turn around and sell them for a profit immediately, or you can build websites for them and increase their value before selling.
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Posted under Make Money With Domain
This post was written by admin on February 9, 2010
