Domain flipping is simply buying domain at a lower price and then selling the same at a higher price; improving the overall quality in some cases at least if you can. It makes sure that you make more profit. Domain flipping has become a profitable business model.
Let me tell you how I came across this business model in my very early days of the Internet marketing.
I was browsing through warrior forum as usual in a fine February morning back in 2009. A thread in the war room caught my attention. It was by a Gene Pimentel, knew nothing ’bout ‘im (then!). The thread was “Domain Flipping Success – A Proven 10-Step Action Plan .”
Like all the good warriors, he was giving away his report, “Domain Flipping Success – A Proven 10-Step Action Plan”. I went through it quickly and highly impressed immediately. It was a tiny 15 paged pdf report, that was articulated step by step and easy to do action plan.
I was so motivated that I took action almost immediately. Following the research procedure of the report I researched and located some US local businesses. One was Fort Collins Dentist and another California hotel. I bought two domains, uploaded word press and started working on the sites according to the plan.
Apart from the report of Gene, the original war room thread was growing. Others were adding new resources and new directions to the original plan. I was following every move and implementing the directions on my sites, where possible. That thread ended up consuming a whooping 32 pages of discussion at war room!
My plan was to take my sites at the 1st three positions of the Google for the keyword. I did it in four months. It was prior Panda-Penguin era, remember!
Once it reached there, I started my domain flipping marketing. I did there very well I think! I sold one site for $700 and the other for $500. It was early days of my Internet marketing venture. Earning $ 500-700 in one shot was like hitting jackpot!
Since then, I know Gene Pimentel very well, adore him. In a later period in that year, or was it in 2010! Apart from his domain flipping expertise, he hit the market with an Amazon discount finder software! I used that one too!
Now, I know. Gene Pimentel is one of the bests in the domain flipping business, being in the industry for more than 15 years. He is not the one who would sell you a product made on a hypothesis!
As the Industry leader, he teaches you what he does for living, that is, domain flipping!