If you are anything like I was a few years ago then you've read about people making millions with domain names but assume you are too late to share in the profits.Now I am NOT going to tell you that you can quit your day job and just focus on domaining. This is not a get rich quick scheme or a replacement for a successful career. Instead this is proven way to make passive income by identifying and developing investments in domain names.
I was able to generate a consistent monthly income with domain names and I can teach you how to do exactly the same, but first I need to know if you have what it takes to do what I did... Qualifying Questions - Do you finish projects that you start? - Do you have a computer and an Internet connection? - Do you have 10-20 hours a week or can you pay someone to work for you 10-20 hours/week? - Do you have more than $1,000 to start your business (no - $10 won't cut it!) If your answer to any of these questions is "no" then this might not be the book for you. This is not a "get-rich-quick" scheme but instead a proven method to make a consistent monthly income with Internet Domain Names.
Praise for Domain Flipping
Domain Flipping is a must read for any beginners trying their hand in the domaining world. This book will help cut your learning curve!! It gives a lot of great information and helps new domainers learn the fundamentals, in turn, giving them a foundation to build upon. What I love the most is that Morgan isn't trying to make you believe you'll become a millionaire overnight. Instead, you can apply the principles you learn to create a long term steady stream of income. You'll be gaining insight into what he has done to manifest his own success in this field. I highly recommend that anyone wanting to learn how to buy and sell domains reads this first!!
Chef Patrick(ChefPatrick.com)
"Morgan's book is a very in-depth and reputable resource for the art of domain flipping. Morgan has proved himself to be an expert on this subject and his broad knowledge shines through in his book."
Sean Stafford - Author, Domain Graduate "Prior to buying this book I had heard a little about flipping domains but was unsure about how to get started. I bought this book just out of curiosity and once I began reading it I really understood the principles behind domain flipping, and what people look for in a domain. This is a great book and with a little work one can definitely make money." Syed Sameer - Director, CubeFlow.com
Domaining In the News
What is Domain Flipping?
I'm sure you have heard of House Flipping before, but probably not Domain Flipping. House Flipping is the process of buying a house that is in need of repairs, fixing it up, and then selling it for a profit. Domain Flipping is the process of buying a domain or website, fixing it up and selling it for a profit.The main difference between Domain Flipping and House Flipping is that House Flipping involves weeks and oftentimes months of your time to complete. House Flipping requires working with contractors, managing teams, getting-up early and going to the house each day, it's an arduous process. Domain Flipping works with your schedule - and best of all it takes place in the comfort of your own home. Imagine house flipping in your pajamas!
Understanding Domain Value
Determining the value of a domain name is oftentimes thought of as a dark art. This is certainly true when it comes to "name-value". Who is to say that a domain name such as Ringtones.mobi is worth $50,000 or $150,000 - it's all in the name and how valuable that name is to someone.As a Domain Flipper, "name-value" can be a great bonus, but isn't necessary to make the sale. Instead, by Flipping a Domain you create an investment that generates revenue for you each month as well as increasing in value itself! Take a look at the list below from Sedo.com one of the leading domain buying/selling services online:
Let's take a look at DNJournal which keeps track of the year-to-date domain sales. Below is a list of the top domain sales so far in 2008:
Domain Flipping and Passive Income
As you now understand Domain Flipping is a great way to greatly increase the price of a domain name. On top of increasing a domain's value, Domain Flipping is an excellent way to generate passive income. If you look at the example above for the novice flipper in a few months time those names might be making $15-$20/month but during the time that they are not being sold, they are generating passive income for the Domain Flipper.This is an oftentimes overlooked but a crucial part of any prudent investment strategy. You should Flip Domains in three different categories, short, medium and long-term flips. For long-term flips you can hold a name for 1-2 years enjoying the passive income it brings each month and greatly increasing it's value over time. You can set a goal for yourself like $40/month or 1-year from flipping.
What you will learn in the Book
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