Point 1:
If you own a number of domain names, you need to track them, as well as keep good records. Draw up a spreadsheet indicating:
- Your domain name;
- Date your domain name expires;
- If you have sold your domain name, how much did you sell it for?
Point 2:
Instead of buying 100 domain names, rather buy 10 quality domain names. Your odds of selling 10 quality domain names to 100 average domain names are much higher, therefore you can expect a greater profit margin.
Point 3:
Another way to increase profits on your domain name is to develop your domain name. Build a website or blog for that domain name and you could possibly triple your profit.
If you have any questions or suggestions, please feel free to email me. I am really keen to hear from people who enjoy the domain flipping business.
Have a great day...
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