Domain flipping is the process of buying URL names at a low price and then later selling them at a higher price. To profit from domain flipping, you want to increase the value of the domain by making it known to more people; the more traffic the domain has the more valuable it will become. To maximize your profits, you need to purchase short, keyword related domain names. The shorter your domain is the more memorable it is which makes it more likely someone will buy it.
To make money from domain flipping, you should first get a debit or credit card and register with a company that sells domain names. Once you have registrar with a company like godaddy.com, you can go ahead and purchase a domain name. You should use cheap and reliable registrars. After purchasing the name, you should drive traffic to it. You can purchase one for $11.00, drive traffic to it and then list it for sale the next day. Most often if you have a good domain name, you can sell it for a minimum of $50 after 24 hours of listing it.
Domain parking is the process of monetizing your domain with advertisements. Some website will only let you park your domain if you have a specific number of visitors. It is best to use Google Adsense parking program. You have to purchase a domain and redirect to the parking company’s name server. After this, you can add advertisements to it. Not all parking companies are created equal: some are better than other. The parking company will make your domain look like a website.
After buying these domains, you need to park them or flip them. For it to sell well, you will need to increase the value of it. You can create blogs include links and refer your visitors for more information. When parking them, you will need to provide some keywords or use the default keywords. You should do your research and choose high paying keywords. If you really want to make good money, you should have at least 20 domain names parked. To get more visits, you can use search engine submission and other methods.