A Guide to Get You Started in the Domain Name Flipping Business
There are an estimated 4.1 million active internet users today. 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. Rest assured this is a great way to make money and generate traffic in the process when you get the basics right. Of course, there is a huge demand for popular domain names that will align with one’s brand image and 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 see how important this is when you start optimizing your domains for the search engines. As such, you might also want to focus on a specific niche when you are creating your website portfolio. 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. Another quick tip here is to ensure you are knowledgeable on the industry you want to specialize in.
Once you are done with the niche, the next important step is to focus on the keywords that are rich in 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. This you can do with tools such as Niche Finder Software and Google Keyword Planner. The best keywords are those that have at least 10,000 searches a month.
Always go for valuable and marketable domain names if you want to be successful in this service. 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.
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