How to Get Started in the Business of Flipping Domain Names
Recent statistics show that over 4.1 million people today use the internet on a very regular basis. For an entrepreneur, these figures could be motivation enough to get you started in a lucrative business venture online; such as flipping domain names. No doubt this is a tried and tested way of not only generating good traffic but also making some extra money. The reason for this is because people are always looking for a domain name that will match their brand’s purpose. Here is a guide with some tips to get you started into the business of domain name flipping.
First and foremost, think beyond having a domain with the “.com” simply because over ninety percent of businesses today carry this extension. For starters, how about you think beyond the usual “.com” domain name extension and think outside the box? Luckily, you will be lost for options when it comes to the availability of domain name extensions. A guide to this could be using a website extension that is specific to geographical search engine optimization. For instance, you can use a domain name that ends with “.us” extension if your business website targets the United States market.
It is also very important that you take the time to find the most lucrative niche to base your flip domain name business. You will appreciate the need for selecting a specific niche when you start to do SEO for your newly acquired domains. It would be best to have a portfolio of websites that are on a specific niche to make your optimization efforts easier. Of course, you need to choose a niche that is in high demand; otherwise, you will be stuck with your domain names since people are going for in-demand website names. It is also highly advisable that you find a niche that you truly love so you can give it your all.
The other critical aspect of your business is to look for the right keywords that are more SEO value. The reason for this is to be able to boost traffic to your site. To get started in finding rich keywords, how about you conduct a keyword analysis to know the number of searches it gets in a month. You can use effective tools such as niche finder software and Google keyword planner. The best keywords are those that have at least 10,000 searches a month.
As such, before you invest in any particular domain name, take the time to learn more and picture who will be using it. And last but not least, this service can only be a success when you make a budget and stick to it. You can always start off small and grow your way up as you start to gain more experience in this business.
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