Same day domain flipping. Does it really work?

[LZScott]

I bought a few courses on domaining. They stated same day sales were possible with [Persons Name] + [Service].com or in other words "MikesLandscaping.com" or [City]+[Service].com or in other words HoustonAttorney.com. I registered about 20 domain names that were [City]+[Service].com type domain names. I sold one and had 4 other near sales. A couple were not able to purchase the domain because Godaddy sale page was not working (The buy button did not work as stated by the customer. So lost the sale because they flaked out later. I did not get to strike while the iron was hot). The others I cannot really know why they decided not to buy. There seems to be a lot of flakiness.

But the question I have is. Do domainers really flip domains the same day? Or is this just a scam by people selling courses? I have hear both yes you can and no it is a scam so far? Any advice you can give me regarding this topic?

 

[EtherealEmilie]

You can't transfer a freshly registered or transferred domain, there's a 60-days lock following new registrations or previous transfer imposed by the ICANN, so same-day domain flipping is just impossible because of the rules every registrar have to follow.

 

[alcy]

You can't transfer a freshly registered or transferred domain, there's a 60-days lock following new registrations or previous transfer imposed by the ICANN, so same-day domain flipping is just impossible because of the rules every registrar have to follow.

when u are less new u will discover nice thing called push.

 

[OceanKing]

When i was a newbie and tried to flip a name same day here after reg, some one bid 0.000000000000000000. I was so broke. But that was a starting point.

 

[MKA]

I bought a few courses on domaining. They stated same day sales were possible with [Persons Name] + [Service].com or in other words "MikesLandscaping.com" or [City]+[Service].com or in other words HoustonAttorney.com. I registered about 20 domain names that were [City]+[Service].com type domain names. I sold one and had 4 other near sales. A couple were not able to purchase the domain because Godaddy sale page was not working (The buy button did not work as stated by the customer. So lost the sale because they flaked out later. I did not get to strike while the iron was hot). The others I cannot really know why they decided not to buy. There seems to be a lot of flakiness.

This is 15 year old advice that has long since expired. Go to NameBio and check out the sales, or keep an eye on the high end sales in the newsfeed of this forum, and then count how many of them are of this type.

I could go off on a rant why these types of domains aren't as desirable anymore, but I'll leave it at that.

But the question I have is. Do domainers really flip domains the same day? Or is this just a scam by people selling courses? I have hear both yes you can and no it is a scam so far? Any advice you can give me regarding this topic?

If someone knew where to find gold they'd be mining gold, not selling maps leading to its location.

 

[bismisoft]

Why would they give away the secret if they're flipping on a daily basis? They would do that themselves and make money instead.

Bottomline, any course, ebook, etc., that teaches instant money is bogus, don't fall for it and waste your money.

There is no overnight success, period!

 

[inforg]

Why would they give away the secret if they're flipping on a daily basis? They would do that themselves and make money instead.

Bottomline, any course, ebook, etc., that teaches instant money is bogus, don't fall for it and waste your money.

There is no overnight success, period!

I don't know, but it is the type of advice I have given people with low budgets and lots of time on their hands. I would not do it personally, because it is too much of a grind for too little money. But if I was broke, I am confident I could scrape together a few hundred a week doing what the OP said he was taught.

There is more money in selling the course than executing it, but not necessarily a bad plan or advice for a newbie. I'd rather see them do this than hand-reg 100 nonsensical names in crazy extensions.

 

[alcy]

with internet and namepros around never ever pay for knowledge. ever. even if knowledge is good and useful it's still a drop compared to what u get free online or here. hell where u think course sellers got their info from to begin with lol it sure wasn't from god or a dream. besides u will learn 100 times more and better by going thru some extra things while searching for your specifics.

 

[HotKey]

The OP will never return, he got his answer on the first reply.

Every course a beginner will pay for will also include the agenda of the author's investments.

 

[LZScott]

I have to say thanks for all the replies I have got so far. Very informative.

 

[Lizzyg]

It's hit and miss, but without the right names it's usually miss. I hand registered a .net accouple years ago, and sold it for $200 the day I got it. It came up available again, and I reregistered it while namesilo was having a sale on .net registrations for $2.99 close to a year ago, and haven't been able to sell it again yet. That name is webloans.net like I said it's hit and miss.

 

[Rajiscripts]

The problem is newbie keeps learning the wrong things and end up wasting time and losing money. This business is not like any other business. Here are something’s that people learn
- appraisal values
- past sales
- search results
- how many extensions are taken
- grandpa/grandma approved

The only questions you should ask are what can the website be and who are the potential customers?

Could you please explain grandma/grandpa approved?

 

[Rajiscripts]

1. Most people that buy a domain will never be able to sell

2. Domainers rarely sell a name, and most names they own they will never sell even if they live 200 years

3. The chances of selling a name within a few weeks of buying it is very low. Doing it over and over is impossible unless you buy a few hundred thousand names then everything becomes possible.

4. Save your time, save your money, invest it in something more promising than domain names. Domaining is for people that enjoy the whole process and don't mind paying a lot of money for that chase. Finding the names, watching auctions, getting low ball offers, getting offers and accepting and not getting payment, it's fun and randomly someone will buy a name from you that you considered dropping. They will also buy names that you dropped but forgot to delete from Afternic.

One of the funniest stories I have with domaining is about the time I almost flipped a domain the same day I got it.........to myself.

I was new to domaining, there was a domain I was watching for a long time that finally entered the 5 day pending deletion phase. I backordered it everywhere, NameJet, SnapNames, Hexo, Name, Pheenix, even purchased a GoDaddy backorder.

At 2pm EST I start refreshing ICANN whois every few minutes (more like milliseconds) waiting to see who got the name. Almost at the end of the drop time, about 2:45 it showed a registrar with a strange name got it and it led me to a site called BatDomains or something like that. I was very upset, how could some registrar with a broken looking site, beat all these other companies I backordered from?

I make up my mind to just contact the new owner of the name using whois and offer them 500. The problem was, the whois was blank, no info on registrant, no nameservers, almost looked like a half registered domain.

Few hours go by and I do a whois lookup on that broken registrar site, and now it has private info for the registrant. I take my chances and email the privacy email my offer of 500 using a email that doesn't come up in google.

With a few minutes I get an email with my own offer to my regular email address. I am starting to wonder if I am losing my mind, how did they know to send me a copy of my email to my real email?

It didn't take long and I got some emails from snapnames telling me that they acquired the domain on my behalf and they set it up with that dumpster registrar. At the time I had no clue that they use registrars around the world, to catch names. Soon an email followed from that broken registrar site that they have my account setup.

So that is as close I got to flipping a name for 500 dollars on the same day I registered it.

Amazing story, full of untypical lessons

 

[MKA]

I don't know, but it is the type of advice I have given people with low budgets and lots of time on their hands. I would not do it personally, because it is too much of a grind for too little money. But if I was broke, I am confident I could scrape together a few hundred a week doing what the OP said he was taught.

I'm not sure you could effectively turn a profit off hand-registrations at all these days.

1. Virtually all good domains are registered.
2. There's a lot of competition in the domain name space (by more experienced users)
3. Unless you're dealing with a small business, it's almost impossible to get in contact with the right people for an outbound sale.
4. Even if you get in contact with the right person, they're unlikely to want the domain.
5. If the brand is trademarked you're cyber-squatting, and risking having a UDPR filed against you.

There is more money in selling the course than executing it, but not necessarily a bad plan or advice for a newbie. I'd rather see them do this than hand-reg 100 nonsensical names in crazy extensions.

The opening poster has followed the advice. And I'm fairly confident he's wasted more money than he's made. Paid money-making courses are extremely predatory and should be avoided.

I can promise you that these courses did not mention the 60 day registration lock, marketplace fees, premium-registry domains, or anything else that is of vital importance but might discourage the "student" and cause him to demand a refund (if it was even offered).

 

[Wesley S]

depends on what you mean same day sale, i had three i know of i declined because i just wanted to keep them or their offer was not right for me.
1 was another auction bidder that wanted to buy the domain from me for what i won it for.
2 was i liked the domain and wanted to keep it (demat dawt calm)
3 was a traffic domain and i had just put it up in parking and they clicked the for sale button. I cancelled it and changed it to not for sale.

 

[zmmr]

So why do you want to flip the same day when you registered....you must be desperate for money
If there is a demand for the domain on the 1st don't you want to wait for a bigger payout,??
I hand reg all my domains and sold most of them for bigger $$$ after 9 mths...
Squarely dot com

 

[M Ashraf]

In my experience domain flipping total waste of money. I have spent many $$$$ on aquisitions when i try to sell then no one ready to pay my desire price at the end sell in loss.

 

[Bob Hawkes]

I would be more than happy with same YEAR domain flipping personally!

-Bob

PS I am not a fan of term 'flipping', so popular among some domain books and videos, simply because it creates an impression that is not reality, in the vast majority of cases.

 

[alcy]

In my experience domain flipping total waste of money. I have spent many $$$$ on aquisitions when i try to sell then no one ready to pay my desire price at the end sell in loss.

many domainers make money overall and many dont. it's common to see people loose money first few years. at which point most quit. but those who continue climb up into profit. that old saying..will u get up after falling... applies even to domains lol

 

[M Ashraf]

many domainers make money overall and many dont. it's common to see people loose money first few years. at which point most quit. but those who continue climb up into profit. that old saying..will u get up after falling... applies even to domains lol

Yes that is true, after lost, i have learnt alot and thank you for encouragement.

 

[LZScott]

So why do you want to flip the same day when you registered....you must be desperate for money
If there is a demand for the domain on the 1st don't you want to wait for a bigger payout,??
I hand reg all my domains and sold most of them for bigger $$$ after 9 mths...
Squarely dot com

I took a course and that was the advice. You could sell one for 100 or 100 for 1 mentality.