| Buying something for a low price and reselling it for a | | | | domain itself without spending any additional money |
| high price is the basic idea behind many different | | | | on it (other than costs associated with the sales and |
| types of business. People having been doing this, | | | | marketing process). |
| "flipping", with real estate properties for many years. | | | | In addition to the above, there are also things that |
| Now, with the advent of the Internet, the same | | | | you need to know which are specific to the domain |
| basic idea has been applied to domain names. | | | | name industry. For example, the types of domains |
| As with real estate, the key to success with domain | | | | that can be successfully resold (so you don't lose |
| name flipping is buying for a low price and selling for a | | | | money by registering a bunch of unsaleable domains), |
| high price, and fundamental to that is the ability to | | | | the technical processes behind searching for, |
| recognize something being sold for less than its true | | | | registering and transferring domains, and issues |
| value. However, there are also important differences: | | | | relating to trademarks and cybersquatting (you |
| 1. Buying a real estate property usually costs a large | | | | should avoid registering domains that infringe the legal |
| amount of money. However, registering many of the | | | | rights of others). |
| most common types of domain names (names | | | | As with any business, some things may have to be |
| ending with .com, .net or .org for example), costs just | | | | learned from your own experience and mistakes |
| a few dollars per year. | | | | along the way - but you can jump start your efforts |
| 2. If you wish to flip a real estate property, you may | | | | by learning from others with personal knowledge of |
| need to spend time and money on fixing it before | | | | domain flipping. It is for this reason that you might |
| flipping it. With domain names, while you can spend | | | | want to read guides such as "Domain Cash Vault" by |
| time and money building a web site on your domain | | | | Brian Pubrat, "How I Sell My Domain Names" by |
| (and thus aim to flip both the web site and domain | | | | Edwin John. |
| together), it is also possible to simply resell the | | | | |