Today, as we all know, the market is becoming digital day by day.
One of its parts is Digital Real Estate. It is basically a virtual which comes in various forms.
Now, today people build their houses in different land pieces they have bought. After that, they find some renters to get at least half of the money invested in their construction and all.
But Digital Real Estate provides you the ability to getting payment living in your own house. This helps you to eliminate the need for finding good renters.
Using Digital Real Estate procedures, our new renters that are basically website traffic will pay each time they visit our house online. There are many global marketplaces for this awesome digital innovation.
One of them is FLIPPA. Let us have a look at that.
About FLIPPA
Flippa is basically the top global marketplace for Digital Real Estate. This is the platform where the Business Owners meet for online trading, blogs to Saas assets, eCommerce stores, and many more.
Because of Flippa, people invest in digital real estate assets rather than investing in some realistic house-like structures. And today, there are more digital assets than there are homes.
Now, Flippa has become the heart of the new economy by helping our community to realize the value of their hard-earned money and invest in some realistic market sectors and start their new digital journeys.
This digital marketplace serves as a learning and growing platform for those who want to give their business ideas strong wings to fly high like entrepreneurs, side hustlers, hackers, and new-age small business owners.
Some of their amazing company values:
- Be Curious
- Be Bold in Decision Making
- Be Hungry for Success
- Be Impact Focus
- Be Engaged, and
- Be Human
Something about domains and how Flippa is best in providing the best of them
Basically, the term “domain” means some website with a proper name or in a simpler language, it is a string of characters that designate a website’s location online.
And these websites are visited by billions of users surfing the internet from around the world 24 hours a day, 7 days a week, and 365 days a year.
Now let us see what is flipping of domains, and what is the art behind that?
Let me start with properly defining the term domain- “A domain refers to the subset of the internet under the control of a particular company or individual by sharing a common suffix”. Now, what’s domain flipping?
In generic terms, domain flipping is related to the buying and selling of domains for a profit and it is also related to the investigation strategies for the best domains for your business.
Now the people possess some delusion regarding the act of hoarding domains. They have the thought, that this act is kind of unethical. But that is not the truth.
Many big names in the industry of flipping domains such as GoDaddy and Namecheap have emerged with some awesome profits in the market recently.
Now to be like the golden domain holders one should have to be indulged in this act for a long period of time. But you can still earn a decent amount of money by flipping domains as a part-time business.
How the flipping of domains is done? Some major points.
Step 1- To know your budget
As we look up to our budget for even the smallest business we want to start up, for flipping also you need to check your budget. To start a profitable business, take out some time to do the financial calculations.
And the best is to start your business from small business investment and then move on to making a bigger investment once you are set in that field.
Step 2- Choose your Lucrative Niche
When it comes to domain flipping, the selection of niche is really important which will be profitable for you. You should also have adequate knowledge in searching domains, which is critical at the starting point.
This pre-knowledge will actually help you with fishing as well as parking domain names. Scraping out of a niche for yourself will empower you to seek out the prospective purchasers actively, who would be interested in the domains you will be offering them.
Step3- Find Hot Keywords
Before you start parking domain names, you must converge yourself on finding hot keywords that will draw the buyers towards your business niche.
Some guidelines for finding hot keywords:
1) Find out some generic names, since are a great find. Because they can be used for the description of your new and upcoming products and their services.
Along with that, you should also check into the copyright and trademark issue beforehand only.
2) If the business names are combined with geographic names like chiropractor Los Angeles can be sold conveniently.
3) Timely names which are about some big, major events such as the Olympics and Wimbledon will possess great potentials to become the best sellers.
Step 4- Focus on the Local Domain Names
Today in the era of digitalization, local search engine optimization has grown from a small market to an enormous industry within a span of ten years or so.
This is one of the biggest reasons why one should focus majorly on the local domain names. It is genuinely profitable. Everyone who is indulged in the market business thrives on the first page of Google Search results.
That is done with the help of targeted keywords. The best way to pick winning local domain names is to search for them at places like GoDaddy and Namecheap.
Now a lot of people out there find an Existing Domain Name. It is popular for gaining profits but you can also go for some alternative ideas.
Step 5- Consider some Alternatives
Some of the previously used or we can just say the basic domains such as‘.COM’, ‘.ORG’, and ‘.NET’ were the top-level domains but that time has gone, people are coming up with newer domain names with ‘.US’ & ‘.IO’
All you have to do is conduct thorough research in order to find all the good domain names you can park.
Some more ideas are: Buy a new domain, Buy domains with page rank, Use different sales crafts for your business, Never sell domains right away, be knowledgeable enough about the risk factors involved, and many more.
Some important points regarding flipping of domains:
- Domain flipping won’t make you rich overnight
- It is an active process
- Domain flipping takes time to learn and then earn
All you need is to do some research and take this act slowly and Come up with different sales strategies. You will achieve really great heights in the digital market.