Small Business Ideas – 2K Week Domain Flipping?
Looking for a small business idea with almost zero start-up costs? Take a look at domain flipping. Real world strategies to start your own small business from home by becoming a domain flipper.
Back in 1996 Rick Schwartz, aka the Domain King) registered the domain name ebet.com. He ended up selling that domain name for 1.3 million. In 1997 he bought an adult domain for $42,000, that seller had just bought that domain for $5k the week before so the first seller made $37,000 in 7 days, With that domain Schwartz over the years made over $10 million through parking and redirects, if you don’t know what that is we’ll tell you shortly, and he eventually sold the domain for over 8 million. Rick, smart guy, the good guy in my opinion, has always stated on his website that domains are like real estate, they are limited in amounts and will increase as demand goes up. So far he has been right. Today the domain king sits on an estimated 500 million dollars of domain names.
So how can you make money flipping domains as a small business? First, find a place where you can search and register domains. I like directnic.com because they have a ton of extensions available in addition to dotcom. You can also use Godaddy. First, think of a name……(continued in the video)