Chet Dembeck
Established Member
- Impact
- 15
I am a professional writer/editor and made some good profits writing and selling e-books when they were hot. I also have moderate knowledge of building WordPress sites, promoting books, artwork and electronics. For a while, I did well drop-shipping these type of products both as a drop shipper and as an affiliate. However, markets changed and with saturation, my margins became too thin to warrant the investment of time and money. In other words: I couldn't make a profit any longer.
Cut to the chase
I recently decided to use my site building, writing skills and combine them with a plan to flip domains, or develop those I cannot flip to full-blown e-commerce or affiliate sites, rather than working for others as a freelance copywriter.
A couple of days ago, I purchased 5 domain names that were at least 14 years old and names that could be used for a financial, investing site or instant download site selling or offering free digital downloads. Before I purchased them, I checked their appraised value at several sites and then carefully formulated what kind of site I would build using each domain.
Am I on the right track?
I plan to list the domains first on as many markets as possible and send an email to owners of similar sites offering the names, slightly less than their appraised value. If the domains do not sell within a certain amount of time, or there is no interest in them, my plan is to develop the strongest name first into a full-blown WordPress Website and then offer it for sale again for a higher price.
Does this sound like a plan that will yield success? Or, am I missing something. Would I just be spinning wheels? Your thoughts and advice would be appreciated.
Cordially,
CED
Cut to the chase
I recently decided to use my site building, writing skills and combine them with a plan to flip domains, or develop those I cannot flip to full-blown e-commerce or affiliate sites, rather than working for others as a freelance copywriter.
A couple of days ago, I purchased 5 domain names that were at least 14 years old and names that could be used for a financial, investing site or instant download site selling or offering free digital downloads. Before I purchased them, I checked their appraised value at several sites and then carefully formulated what kind of site I would build using each domain.
Am I on the right track?
I plan to list the domains first on as many markets as possible and send an email to owners of similar sites offering the names, slightly less than their appraised value. If the domains do not sell within a certain amount of time, or there is no interest in them, my plan is to develop the strongest name first into a full-blown WordPress Website and then offer it for sale again for a higher price.
Does this sound like a plan that will yield success? Or, am I missing something. Would I just be spinning wheels? Your thoughts and advice would be appreciated.
Cordially,
CED