Domain Flips, Let's think this through.
Last Update: Sep 15, 2021
Well folks I have over a dozen domains. Too many projects to complete and I am more interested in the sideline of domain flips to help get my other projects out of a cash-strapped stalemate. I am both sharing my thoughts on how to make flips a value-added proposition and also to get your thoughts on them as well.
Domain flipping is the act of buying and selling domain names and microsites or blogs with the intent of making a profit without having to put a ton of time and energy into developing the sites. Domain and Website sellers like Flippa and SEDO broker the sale, sometimes inside 30 days for a listing fee plus final sales commission.
I personally did a few hours of research and am looking to list my first flip with Flippa within the next week to 10 days on a domain I own in the CBD/Hemp niche. There is a range of ways to sell. The lowest cost but lowest reward is to list domains only for sale.
This can be done for as little as $10 plus the commission on the final sale. You can fully develop a starter site with 30+ articles with more content leading to existing earnings which can in many cases lead to a higher flip value. Or you can do something similar to what I am doing with a Domain Name and basic start-up kit that can also lead to other income post-sale.
What am I looking at offering in my Kit?
On the site, I have already begun the kit for I have done a high-quality website design using Generate Press Premium. Because some of the elements are GP Premium features the buyer will need to have a license for GP Premium to keep these features active on the blog. If they follow my affiliate link I will be able to earn an additional commission on the sale of GP Premium.
Also in the kit, I highly recommend Rank Math Premium which is another annual commission for me if they buy through my link. In addition, I promote in the guide I am getting together domain purchase through NameCheap (Commission on domain and possible hosting), website hosting through my own reseller hosting account, and the ability to get training, hosting, and SEO/Content suite through Wealthy Affiliate as options.
Services I can offer include Search Engine Optimization, further website development, content brokering through outsourcing options I have to either per article higher writers or through longer-term contract provide content through the hire of a Virtual Assistant. This allows the new site owner to get started while they learn or have a total hands-free option.
I will offer graphic design for a banner kit as well for example and can offer mentoring services to help them grow into their business and learn to generate traffic for their new site.
The potential is to add up to $1250 in value to the asking price and to potentially extend income for you to 5 years while the new blogger/webmaster gets started online.
Some services like Search engine Optimization can earn me an extra $150 per initial page development for Design and SEO. An ongoing contract could be $400 or more to provide as few as 4 articles a month all outsourced because I don't wish to be distracted from my core businesses and other flips getting too niche-specific.
Hosting can bring me a few dollars a year as will the domain registration if they follow my guide. Other purchases might add $100 or more a year in passive income. I have seen people sell blogs already developed in the $1,000 to $75,000 range and my package is a build-to-suit as opposed to ready built.
Here's your challenge!
Please think of services I can add to the mix below that can bring additional profits. In the case of this first flip I am even listing a few programs I joined that service the niche but I hadn't moved forward because the project was still a future development.
Also list things that may not make back-end passive income but might contribute to a higher sale price by improving value on an undeveloped domain.
Lastly, if you have done a flip or had an offer made to buy your current website please share some of your experience. I have seen some great articles on WA about blog sales and domain flipping and look forward to more experience as this is one thing I have only done a couple of times in my 17 years online.
Lastly any ideas on how and where to market the sale to help Flippa drive new interest in this listing are also greatly appreciated. If all goes well this is very apt to become a training course here at WA for future flippers and those looking to sell a website.
Andy Zeus Anderson