Buying and selling domains can’t be compared to buying stocks, but it has many similarities: A domain has a financial value only if there is a buyer. The domain “nvhdi33oj2r.com ” has probably a value of 0$ because no one is interested in buying such a domain.
However the domain “vacation.com”, has possibly a value of multiplied millions of dollars because there are buyers who are willing to pay such a high sum for this domain.
The best beginner’s advice is to buy. Com domains. Forget .Net, .Org , .Info and all the other domains, they have less value unless it’s a fully developed website. Toys.com is 10-100 times more valuable than Toys.org. That’s why it’s strongly recommended to buy .Com domains.
You need a service like GoDaddy or Blue Host to ensure your ownership of domains in a proper way.
Use escrow when selling or buying domains. Escrow.com reduces the risk of online fraud for both buyers and sellers. As a trusted third party, Escrow.com collects, holds and releases funds online, according to transaction terms agreed upon by the Buyer and Seller. You can easily escrow websites, domain names and much more.
The average domain sale should be under a 1,000$ – that’s where the big money is. This is because most companies that buy domains don’t usually need approval to buy them for a low price.
Don’t develop websites for your domains, instead park them. This means that the domain is automatically filled with advertisement from a partner, and then you get money every time someone clicks on the ads.
Don’t waste time on scripts and tools to “snatch” domain names for you. Instead, use common sense and buy what you think others are interested in paying.
Sedo and Afternic are some of the largest marketplaces for buying and selling domains. My personal favorite place is Flippa.com.
Domain flipping is one of the most interesting things you can do on the internet. You don’t have to write or program anything. Much of the process takes care of itself, and you can create a nice passive income just by buying and selling domains.
Good luck flipping domains.