Domain Flipping - RU Making $$$?

[VisionEdger]

I am really curious is anyone actually makes a living doing this- without working another job I mean) It seems that unless you have inventory of LLL & LLLL .coms and generic .coms flipping domains today is quite a hard row to hoe.

 

[snoop]

Lots do it for a living from what I can see of it, lots of people try it and lose money also (expect silence from them ) Definately getting for more difficult overall though with the market having cooled.

 

[-REECE-]

I could be doing this full time if I wanted to, but am currently working part time just to get out of the house a bit.

LLL/LLLL/generics are definitely the way to go for domain flipping and there's actually quite a few members on the short domain discussion forum making some very nice cash each month.

Domain flipping takes many different forms and one of the most lucrative is actually as simple as following all the auctions (Sedo, TDNAM, domain name forums, Pool, Snap, Namejet,...) all day and picking up whatever doesn't reach near full market value. You'd be surprised how much money you can make just doing that... Easily $1XXX per week with a little effort, contacts, and knowledge of resale prices.

I am really curious is anyone actually makes a living doing this- without working another job I mean) It seems that unless you have inventory of LLL & LLLL .coms and generic .coms flipping domains today is quite a hard row to hoe.

 

[Traveler]

and knowledge of resale prices.

I think that would be the key to making money on flips. You really need to have a good feel for market values. You have to buy on the cheap to make money at flipping, so the first step is to know what cheap is

 

[domainman101]

One bad investment, and all your seed money is sunk, and tied up. Needs to be a common auction/, or marketplace to sell in, all these different auctions, how can anyone keep up. I personally can't keep up, if we had superauctions where all the big players got together, alot more bids, higher prices, more bidders, and everyone is happy. Flipping is very hard unless you have an older portfolio of quality names. The auctions are very competitive, and some names go for higher than they are really worth.

 

[GreenGambler]

One good thing to point out is there will always be new trends, fads, lingo/terms, media and technologies.

Domainers who want to flip names should try to stay as current as possible, read online articles, visit the forums, get newsletters, watch news, etc., etc.

Although all the good .com's are registered, there will always be new good .coms to be had.

 

[VURG]

I have tried to do it with cheap domains on a hobby part time basis. I find it too time consuming. Those renewal fees sneek up on you so quick. If your doing it part time, look for the mid $XXX bargains that can be flipped for high $XXX - low $XXX. How you are going to find them, I don't know. It is so easy to think you found a bargain and not find anyone who wants to pay more than you.

 

[VisionEdger]

the problem is supply and demand. the supply is overloaded and demand is dropping due to the recent worldwide economics. Ireit has 100k domains up for sale at bargian basement $$$ on LLL.coms. Parking and arbirtrage is taking a beating and domainers on most forums look like they cant sell a thing to another domainer UNLESS its a LLL.com or LLLL.com. and these are even starting to drop in value. If IREIT starts to sell LLL.coms for $500+- then they will end up destroying the market. Values of domains that are limited at best in their quality will affect the better domains and if major qtys of domains are sold off on the cheap by the big boys then this will spell trouble down the road.

Domainers selling to domainers is an incestuous business. Especially the domainers that are friends and partners, these people make the system work and they feed off each other. These are the big $$$ people so they flip between each other and make each other rich. The lower echelon domainers like me get shafted because the big boys are running the show and dictate what goes on. Its a business that is a veil of secrecy and deceit . We are now paying the price and it will get worse.

One thing is certain is that domaining has a long way to go before it gets its act together.