If you’re like most people these days, you’re always on the lookout for ways to make an extra buck or two. It helps if your side gig is something you can do from anywhere and on your own time.
This has led many people into the world of domaining. What is this and how does it make money? Read on to find out!
Domaining, otherwise known as domain flipping, is when you purchase an internet domain name (something like www.thefantasticdogbowl.com) and then sell it to an interested buyer who needs that domain name to support their business, brand, product, or service. People like to have domain names that are easy to remember when customers think of their brand, and they’re sometimes willing to pay good money to secure the domain that they want.
It’s generally a good idea to purchase domains with a .com extension, but if you find a particularly good domain name, you might extend it to some of the other extensions (.org or .biz, for example). Good domain names are short, memorable, and easy to pronounce.
In addition to thinking of domain names yourself, you can also keep an eye out for domain names that are expiring and snap them up if they aren’t renewed. This is a great way to acquire excellent domains because you know they’re ones that people are actually interested in owning. Buying expired domain names can cost more than creating original ones, but it’s an investment that can really pay off.
Once you own a domain name, market it to anyone who might be interested until you sell it at a profit. Keep in mind that even if someone commits to buying a site from you, the deal isn’t over until you’ve received payment.
Making money while working from home? Domaining truly is the ultimate dream job!