Recent statistics show that over 4.1 million people today use the internet on a very regular basis. What this means to an entrepreneur is that you can make very decent income should you specialize in the buying and selling of domain names. No doubt this is a tried and tested way of not only generating good traffic but also making some extra money. Individuals and businesses today are always searching for that domain name that will align with the purpose of their brand. Here is a guide with some tips to get you started into the business of domain name flipping.
To get started, you must look beyond the popular “.com” domain extensions. For starters, how about you think beyond the usual “.com” domain name extension and think outside the box? There are so many options at your disposal when it comes to 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. Look no further beyond a specific niche especially when you start creating a portfolio of all your websites. Another important aspect is to ensure you concentrate on a niche that is in-demand, lest you get stuck with many domains and no customers. It would also be prudent of you to concentrate on a niche that you understand all too well.
Once you are done with the niche, the next important step is to focus on the keywords that are rich in SEO value. The sole reason for this is to boost traffic to your sites. The best way here would be to use a tool to help determine the amount of traffic a keyword that you are considering 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. The best approach is to test the waters first by starting small, then expanding your investment portfolio when you learn the ins and outs of the business.