Did you know you can start a side hustle for as little as $1?

Domain flipping continues to be a source of wealth for entrepreneurs.

Not sure where to start? We’ll outline all the steps to get started today.

In today’s email:

• Flipping Domains - How does it work

• What makes a good domain name

• How to find cheap domains

• Mistakes to avoid

👇Watch: Ready to Start A Side Hustle? Watch my YouTube channel below.

TOP STORY

🚀 Domain Flipping: Step-by-Step Guide

🤔 What is Domain Flipping?

Domain flipping means buying website names for a low price and selling them for more money later. Think of it like buying and selling houses, but with website addresses instead. Since you’ll be learning new skills for this side hustle, I recommend you Master These Skills to be Successful  

💡 Why Domain Flipping Works

• Every new business needs a website name

• Good domain names are getting harder to find

• You can make money while you sleep

• You only need a computer and internet to start

🛠️ Tools You'll Need

• Domain registrar account (GoDaddy, Namecheap)

• Marketplace accounts (Flippa, Sedo, Afternic)

• Spreadsheet to track your domains

• PayPal or bank account for payments

🎯 Step 1: Learn What Makes a Good Domain Name

Action Steps:

• Look for short names (1-2 words work best)

• Pick names that are easy to spell and remember

• Choose .com domains first (they sell the fastest)

• Find names related to popular topics like health, money, or technology

• Avoid names with hyphens or numbers

🔍 Step 2: Research Before You Buy

Action Steps:

• Use GoDaddy Auctions to see what domains sell for

• Check Namecheap for available domain names

• Look at completed sales on Flippa.com

• Write down 10 domain ideas before buying any

• Set a budget of $50-100 to start

💰 Step 3: Find and Buy Your First Domains

Action Steps:

• Go to GoDaddy or Namecheap

• Search for your domain ideas using Instant Domain Search

• Buy 3-5 domains to start (don't buy more yet)

• Pay the registration fee (usually $10-15 per domain)

• Save your login information somewhere safe

📊 Step 4: Check Your Domain's Value

Action Steps:

• Use free tools like EstiBot to check domain value

• Look up similar domains that sold recently

• Join domain investor Facebook groups

• Ask other investors what they think your domain is worth

🏪 Step 5: List Your Domains for Sale

Action Steps:

• Create accounts on Flippa, Sedo, and Afternic

• Write simple descriptions of why your domain is valuable

• Set a fair starting price (3-5 times what you paid)

• Add your domains to marketplace websites

• Put "For Sale" contact info on the actual website

📢 Step 6: Market Your Domains

Action Steps:

• Join domain investor forums like NamePros

• Post about your domains on social media

• Email companies that might want your domain name

• Be patient - sales can take 6 months to 2 years

⚠️ Common Mistakes to Avoid

• Don't buy too many domains at once

• Don't pick domains that are too long or confusing

• Don't expect to get rich quickly

• Don't forget to renew your domains each year

SHARE MATTOX MINUTE

Partner Disclosure: Please note some of the links in this post are affiliate links, which means if you click on them and make a purchase, I may receive a small commission at no extra cost to you.