Domain Flipping Business in Nepal
Domains are the name used in representing specific networks. The domain names are bounded with the rules and procedure of the Domain Name System (DNS). Domain name is administrated to the public by the Doman Name registrars.
Domain flipping is the process of buying the Doman at a low price and selling it at higher prices. This has become a lucrative profession in the present age. Today I am going to give details about how to making this business profitable. The beauty of Doman flipping is that millions of dollars of profit can be made in a short period of time.
The websites like a jet, Flipper, freelance, etc. are some of the buzz company offering this service. Due to the rise in a number of people registering and selling the domain, this has gained enormous popularity. You need to register for the account in order to start using the services.
You need to have PayPal and international bank account in order to step into this business. You can pay for domain registration from your Payoneer card and make the payment from the PayPal. Detail about making Payoneer and PayPal account have already been described in a previous blog.
Register domain names
For the purpose of buying and selling of the domain, you need to register the domain on your name. These processes charge you around $12 per year when you register yourself for the single domain. The first step for the domain registration is to check on the website if the list is available. If it is available you can register and start selling them at a higher price.
Domain flipping in subdomains
Flipping the domain in the subdomains involves the transferring of the register names. This process is usually not lucrative and not supported by almost all the platform that supports subdomain. Subdomains have the limited access to the various facilities. This is the process of selling the domain in higher prices, which does not seem to be lucrative for business purposes. There must be the customer willing to buy the subdomain. So, it does not seem pragmatic to flip the subdomain to get the benefit.
Domain flipping for dummies
Due to the high lucrative nature of this business, there has been an immense blog on teaching how the domain flipping works. There is rife knowledge on the Internet to replay on. Strategy rife on the Internet is the strategy used by everyone it will be hard to make money out of it. You need to create your own strategy to make this business profitable by using your own learned skills.
The person who spends lots of time studying business is the business professor, whereas the people who practice business for a long time are billionaires. Similarities, a pundit in the politics is the university professor who teaches politics throughout the life. People who practice the politics are called the politician. I just want to make clear about differentiating between adequate knowledge and adequate practice.
Like any other business around, one needs to start with little investment. If you start the domain flipping business by buying an expensive domain you might possibly be broke in no time. The tenets set by someone does not work for everyone. There is the need of adequate lucubration on specific business you are trying to make a profit.
Domain flipping tactics
There are some widely used domains flipping tactics in order to gain the profit from it. Precise use of the tactics inadequate timing can yield better results in a considerable less amount of time. Some of the commonly used tactics are summarized below: