Domain Flipping Accepting Payments Part 9

ACCEPTING YOUR PAYMENT

When you sell your domain name, you will want to ensure that the transaction goes through successfully prior to handing over the domain name to your customer.

 One easy way to manage domain sales, is by using an Escrow service, where a middleman works at managing the sale by accepting payment from your customer, and transferring it to you once they have verified that the domain name has been transfered over.

 With Escrow.com, you will pay a fee for using their services, so it's recommended that you only use it with larger domain sales. Paypal will suffice for smaller domain sales.

 TRANSFERRING YOUR DOMAIN TO BUYERS

When someone purchases a domain from you, depending on the registrar that yo use, you may be required to obtain specific information from your buyer in order to push the domain into their account. For NameCheap, all you need is the buyers NameCheap username which is quick and simple, another reason I tend to use them for domain flipping.


 With GoDaddy.com however, you are required to have more information available regarding your buyer and their GoDaddy account. Simply create an email draft within your Gmail account that thanks your buyer for their purchase and requests the information that you need.

 By doin this, you can simply copy and paste that email to each buyer after a successful sale and let them follow up with their information.

If using NameCheap be sure to include the fact that they must complete their NameCheap profile entirely or NameCheap will not allow incoming domain pushes.

 It only takes a few minutes for them to fill out their profile, but it‟s required and will save you time from attempting to push a domain only to be told that the buyers profile is incomplete.

Once again, be sure to communicate with your buyer and push the domain to them as quickly as you can after you have received payment. I would also recommend not accepting echecks from Paypal as they take time to clear and will delay the process and cause more work on your end by having to remember to check when it has cleared, etc.

 And finally, be sure that your buyers pay you BEFORE you push the domain to them. This might be obvious to you but it needs to be said, as I have talked to many new domain flippers who push the domain immediately only to never receive payment.

 Once the domain is pushed over it‟s not always easy to get it back. The most activity that will take place within your auction is during the last hour that it‟s available.

 This is when the bidding wars start to happen and people attempt to outbid each other or snag it at the last minute. Because of this, you want to pay close attention as to when your auction will end.

 If you list it on a 7 day auction plan, and you start the auction on a Saturday, it will end the following Saturday.

The problem with this is that the weekends tend to be slower online in general, and on eBay , I have also experienced fewer bids and less activity if my auction ended on either Friday night, Saturday or Sunday.

 My suggestion is to make sure that your auction will end on a weekday, any weekday will do. I tend to use the 7 day auction plan and list on Mondays regularly, so I keep a schedule and routine going that is easy to follow (and remember).

Another important thing to remember is the times that your auctions will end in between one another. For example, if I list two auctions on Monday and it takes me ten minutes in between listing them, they will expire ten minutes apart.

 This isn‟t always wise because if you have one buyer interested in both auctions they may not have the time to focus on bidding on both. Therefore, I suggest timing your auctions 15-30 minutes apart, meaning; create one.. go for a short break, come back and list the second and so on.

Domain Flipping Complete Training Part 8

BACKORDERING DOMAIN NAMES

It's very difficult to rely on our ability to catch a domain name as it has dropped and register it before someone else does.

 Furthermore, most of the registrars don't even allow the better domains to be dropped, instead, placing them in online auctions.

This is where backordering comes into play.

 With backordering services, you are able to pre-purchase a domain name that is about to expire, as long as the current owner fails to renew it themselves. However, there is no guarantee you will be given the domain name, even if it expires due to other back ordering services offering the same opportunity to other people who are looking to snag a great domain name that's about to drop.

 Still, it definitely increases your chances at being able to scoop up some of the better domain names with existing traffic and page rank.

POPULAR PLACE FOR BACK ORDERING SERVICES

 Here are a few of the more popular back ordering services:

www.NameJet.com  ; www.SnapNames.com  ; www.Pool.com

It‟s time to set up your domain names on eBay! Before we do this however, there are a couple of important things to take into consideration:

1) If you are new to eBay, you should take some time to read their website and get to know how their auctions work, as well as the applicable fees and listing options.

2) You can lose a lot of money buying into the bells & whistles so avoid purchasing any add-ons when you list your domain names. You do not need a featured listing, a highlighted auction title, or any of that silly stuff.

3) Your feedback rating is very important with anything you sell on eBay, whether it‟s domain names or childrens toys. People judge you based on the feedback you have received so if you have any negative feedback, I would suggest creating a new eBay account.

If you are brand new to eBay, there is little you can do to generate positive feedback quickly, other than to ensure that you follow through with your auctions, keep open communication with your buyers and be prompt when pushing your domain names after they have purchased.

4) Open a Paypal account; it‟s almost required in order to sell on eBay these days. People prefer Paypal and it just makes things a lot easier.

You can open and verify a Paypal account within a couple of days, so do your best to set this up prior to listing your auctions.

5) Choose a relevant eBay username. Don‟t try to be trendy and pick some crazy sounding username, choose one specifically for domain and/or site flipping. Something like DomainExperts or DomainTrends would be just fine. If you end up not liking what you chose you can change it every 30 days.

When you list your auctions on eBay, you should start them all off at $.99. Do not place a reserve on these auctions, and do not add any restrictions or limitations of any kind.

Just set them up individually, and list them at $.99 each to start.


 For beginners the idea of paying $8 for a domain name and listing it at $.9 is nerve wracking however with a lower start-up price, you will entice more bidders to participate and your auction will boost up in price quickly.

Once people become attached to the domain, they will create a bidding war against any other user who tries to take it away from them and you will see your auction soar as it gets closer to the end of the time, so don‟t be too nervous about losing money.

If you have paid more than the basic registration of a domain name, meaning that you have purchased a domain name for more than $7-9, depending on what you paid for the domain you may want to start the auction off on a higher amount, just be aware that the lower the start up bid, the more activity it will receive. By not listing a reserve fee you will also be able to list your domains on eBay at a lower cost, as eBay charges sellers a fee for including a reserve price. You should also pay attention to eBay listing sales, which occur from time to time and feature reduced fee auctions. Whenever you see one of these, list as many domains as you can and save yourself a bundle in listing fees. I also do not recommend that you feature a BIN (Buy It Now) price either, as you may end up short-changing yourself if you list the BIN at a lower price than others are willing to pay. Let the auction determine its own price and run its course.

When selling your domain names on eBay, always choose a relevant category. Personally, I always use: Computers & Networking > Web Domains & Services > Domain Names > .Com

Also be sure to include a direct headline to your auction listing, which describes the domain name you are featuring. Include the domain name in full within your auction title (example:
www.Domain.com  not just Domain.com) And most importantly, ALWAYS include a "domain idea", something that can provoke thought and get potential buyers to consider the various options that are available to them when using the domain name.

 Example: "www.BusinessLinks.com  - Premium .com For Directory Name" Within your listing you will be asked to enter in additional information including the Type (which is Domain Names), the extension (.com) and a brief description.

Always include the domain registrar, the age (unless it‟s brand new then do not include it), and utilize the free option to include a gallery picture just because research has shown that auctions showcasing a photo of any kind will receive more attention.

 When creating the body text of your listing, you want to provide as many ideas for possible use as you can, as well as giving them as much information relating to the auction as possible such as:

Payments Accepted and your terms (Payment is due within two days of auction, etc)

Transfer Time – How quickly you can push the domain over after payment is received, (I always include "Transfer Within 24 Hours Of Payment Receipt") And a link to any other domain auctions that you currently have going.

 This is very important and it‟s a great way to inter-link your auctions and encourage multiple purchases from your buyers since they can purchase as many as they like and pay all at once with the eBay checkout system.

 The link to your other auctions is available under "Sellers Other Items". Just right click and choose "Copy Link" and create a new link in your listing that links to one another. Also be sure to include how long the domain is registered for, so buyers can determine how soon they will be required to renew it.

 There are a lot of buyers who will not purchase a domain name that is due to expire within two months, so if you have just registered the domain name, then be sure to emphasize the fact that it is only expiring in a years time.

 When listing your auction you can choose the time frame in which it will remain active. I typically choose the 7 or 10 day auction plan. 

Be sure that you are available on the day that your auction ends and that you answer any questions that you receive during the course of your auction and you can expect a handful
Also be sure to include contact information, a gmail account will suffice and is easy to manage… Gmail.com Once again, choose an email address that relates to the domain industry, but avoid "domain flipping", "domain flipper" or terms like that. "PremiumDomains@Gmail.com" or "ValuableDomains@gmail.com" will give a better impression to your potential buyers and will simply look more professional.

Domain Flipping Complete Training Part 7

Dropped Domains

Apart from expired domains, those that have been dropped with existing traffic and page rank are extremely valuable.

Using a service such as that of
www.FreshDrop.net  , you will be able to locate domain names with existing PR (Page Rank ranging from PR2-PR6, although PR2 and PR3 are the easiest to find).

Page Rank (PR) simply indicates that the domain was receiving traffic prior to expiring or dropping, and of course, online merchants place a lot of value on purchasing a domain that has already generated traffic, saving them the initial work of launching a domain, or waiting for it to be aged enough to appear in the search engines, not to mention the fact that domains with page rank carry more weight in the search engines such as www.Google.com  .

 There is also discussion involving new domain names being placed in what is referred to as a 'sandbox', where they are kept for a period of time before being released to appear in search engines, another reason why aged domains are so valuable to merchants. At www.FreshDrop.net , you can browse through their search functions selecting to locate domains with specific PR.

Personally, I set the search tool to seek out domains with a PR of no less than 2. You can do this by clicking on the tab marked "EXP Name" and running your search query.

 Finding decent domain names with existing page rank, isn't all that difficult and by featuring them within domain auctions on sites like www.NamePros.com, www.DNForum.com  (paid membership) or www.Ebay.com  can instantly generate a consistent income with little effort. Once you have structured your system and are seasoned with doing your daily rounds of searching through domain listings, dropped and expired domains, and checking sites like Fresh Drop for domains with PR, you will find it incredibly easy to generate dozens of valuable domain names that you can quickly flip for profit.

 It's an exciting business to be a part of, no doubt about it.

Domain Flipping Complete Training Part 6

PROFITABLE DOMAIN PARKING

Domain Parking is when you temporarily direct your domain name to a website, who in turn, will pay you for the traffic that is received who in turn, ends up clicking on the featured advertisements.

Two of the more popular choices amongst domainers is
 www.Sedo.com  and
 www.Afternic.com

 These two parking services have been around for many years and are both reliable in terms of payment and in providing accurate statistical data. With Sedo, they will indicate whether the domain name you are parking has existing traffic, and of course if it does, you can price your domain name at a higher range.

 Sedo also creates a domain name sale page for you, which visitors to the domain will see whenever they visit.

 This means that you can end up selling domain names by doing absolutely nothing if someone stumbles across your domain and sees it for sale on Sedo.

Of course, you can choose to deny their offer if you aren‟t happy with it or accept it for prompt payment from Sedo, who will take a percentage of your sale and pay you the rest.

To register for a free Sedo account, visit  www.sedo.com and click on the "Create Your Free Account" link to begin.

After you have created your account, Sedo will ask you to enter in any domain names that you wish to park with their service. You can enter in as many or as little as you like, or you can skip this step altogether until you are ready to come back to it at a later time.

 If you do decide to enter in domains at Sedo, you are able to specify a category, your asking price, and a minimum offer for each of your domains. If you enter in a minimum offer, potential buyers will be required to bid that amount in order to even be considered.

 This can save you a lot of time and eliminate ridiculously low bids of a few bucks. I always enter my minimum bid to be at least $15 above my registration cost.


Here are a few reputable parking service providers:

- www.Sedo.com  - www.Parked.com  

- www.Fabulous.com  - www.Bodis.com  

- www.NameDrive.com  

In order to direct your domain to your parking service, you will need to update the name servers associated with your domains. By default, your name servers will point to the main page of whatever domain registrar you choose. For example, if you register a domain name with NameCheap, your domain www.ABCDEF.com  when loaded, will bring visitors to NameCheaps' main page until you update the DNS.

It's quite easy to do this, and depending on your register the exact area in your account where you update this information will vary, however the best way to begin is first by creating your account on the parking service you choose to go with, such as www.sedo.com  Sedo will provide you with nameservers that may look something like this: ns1.sedoparking.com and ns2.sedoparking.com  

After you have these name servers written down, log into your domain account and search for the "NameServer Update" link (It may be called DNS update, Web Hosting Update, etc).


You may need to contact your domain registration provider to ask where to go about changing this information if you are unable to locate it within your account. Shortly after you update the nameservers, your domain will be pointed to its new parking home, and you will be able to see this by entering in your domain name and seeing where it leads you.

 If you update your name servers and your domain still remains pointing to your registrar, don't panic- - it can take up to 24 hours for your domain's nameservers to be successfully updated, so check back at a later date to confirm that your domain name is now pointing correctly.

 It's important to get to know your way around your domain registration interface because once you sell domains, you will need to transfer (or push) them to your customers.

For registrars such as www.NameCheap.com  , you can click on the "Push Domain" link and enter in your customers username and instantly push the domain into their account, without them even having to accept.

For GoDaddy.com,  transferring a domain name is a bit more complicated, as you will be required to enter in personal information regarding the customer who purchased the domain from you, but after you've done it a few times it will be extremely easy and quick to process each order as your domains sell.

Don't be afraid to contact your domain registrar for assistance should you be confused about how to transfer domains, register domains or update your nameservers. They are there to help you, and with many of the more popular domain registration providers, they offer live help, toll free support and online help desk should you need to get in touch with a support representative.

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Domain Flipping Complete Training Part 5

START TO REGISTER YOUR DOMAIN

Personally, I use both 
www.NameCheap.com  and
 www.GoDaddy.com
to register my domains name, a favorite among the domain buyers and sellers.

Regardless of the registrar you choose, you will want to make sure that you park them on service sites such as
 www.Afternic.com or
 www.Sedo.com
 so that you are able to generate revenue while you are preparing to sell the domain itself.


Is the domain name easy to say aloud?

 If your customer were to purchase the domain and build a business with this name, would they be able to easily brand it?

That‟ some question that you should ask to your self when buying domain name.

For example, domain names with double letters such as "www.cashhour.com" may often be mistaken for "www.cashour.com". Just the same, domains with odd spellings, hyphens or numbers would have to be clearly spelled out, or explained when someone is attempting to promote their website through word of mouth, rather than in print.

 Consider this when registering domain names, and make sure that the names you choose will not be mistaken or misspelled by potential customers of yours, as well as the person who ultimately purchases it from you, otherwise it will experience a significant loss in perceived value.

Just for simple… Here are some other recommended domain registrars:

www.Moniker.com
 www.Dotster.com
  www.Enom.com

 When choosing your domain names, there will be many factors that come into play. The type of audience you are catering to, the auction sites you are featuring them on, the price range you are expecting and so on

. There is no „one way‟ to do this, and you will learn to become a better domain evaluator (and purchaser) from hands on experience. Using the guidelines above however, will help you maximize your efforts and minimize your costs (and losses).

Domain Flipping Complete Training Part 4

THE SECRET ABOUT AGED DOMAINS

Domains that have been registered and never dropped are called ?Aged Domains?.

These domains typically sell for more than a new one does because it has been around for a while, it‟s usually out of the Google Sandbox and for those who are looking for aged domains, it can help them develop an existence online, a history, or credibility in their niche markets simply because if the domain has been around for years, it appears that they have as well. Aged domains can also be found on forums like

 www.DNForum.com

 and simply by typing in the keywords ?Aged Domains? into the search bar you can easily locate domain auctions that include these older domain names. I have purchased dozens of domain names for $40 or less that were anywhere from 5 to 10 years old.

 Just based on the age alone I was able to flip these domain names for over 5x what I paid. For instance, one domain name I purchased was never used, meaning it had never featured a website on it, it just sat parked in the users account for over six years. I purchased the domain for only $30.00 and because of its age, I was able to flip it for $379.00. That‟s quite a boost in profit from a domain I paid so little for.

While there is no exact science as to what type of domain names will ultimately be worth the most, apart from the obvious short and memorable domain names, there are a few things to keep in mind

1. Trademark

Avoid registering any domain names that could infringe upon the trademark of existing companies, whether or not you believe that the company will take action or not should not be considered. The last thing you want is to purchase a domain name that is unable to be sold due to buyers being cautious or concerned of building a website on a domain that ends up being seized by a company wishing to protect their identity.

2. Length of The Domain Name

It can not be said enough, that the length of a domain name, apart from the odd occurrence where you locate a lengthy domain name that still carries with it, a memorable element, most of the domain names you purchase should be relatively short, basically consisting of two words.

3. Relevant and Popular Keywords

Does the domain name contain popular keywords that are used by those seeking out more information in search engines? If so, your domain name just increased its value instantly.

One of the easiest ways to determine whether a keyword is a common one is by using the free service available at
 www.SEOBook.com  or
 www.Overture.com


4. Domain Development

When you analyze the available domains in your list, consider what each domain name could represent and be used for when creating a website presence. An example of which is whether the domain name is one that could represent a product title, or better served as a personal portfolio, a social community, a directory or perhaps a forum. While the purpose of the domain name will unlikely match your ideas when it is sold, by thinking of a clear purpose for each domain name will not only help you make sound choices during the selection process, but can also be included in the domain auction, as a way of passing on the ideas to prospective buyers who are considering purchase.

5. Existing Traffic

If you are purchasing aged or recently expired domains, you will want to determine whether there is existing traffic to the website or not, this increasing it's value. Organic,
natural traffic sent directly from search engines is the best kind, however back links from other websites are also very important to potential buyers.

An easy way to determine the number of backlinks as well as page rank and other important information is by visiting

 www.CheckPageRank.net

 where you can enter in domain names and retrieve useful data relating to the name itself.