Domain flipping is a good way to generate income. It may take some work, but it is well worth the effort. The first thing you need to do is search for a good name. Many domains are already taken, which can make the process very frustrating. I invested a great deal of time into finding some good .com names a few months back. Currently, most of the good .com names are registered.
Consider picking up .net domains. While they are not worth as much, these extensions are still rather popular. Host the domain with Word Press. Writing content on the domain will generate traffic. Once your domain becomes more popular, then Google will rank it. Auctions usually request domains that generate traffic, because these domains will be ready to do work. Businesses acquire domains that will help them to advertise their products and services.
Some people are lucky enough to buy and then sell a domain to make massive profit in a few short months. To be realistic, it is not too often that flipping a domain within a month will generate a substantial profit unless another product comes out or the media name drops something relating to your domain. CamRoulette.com sold for $151,000, which is a complete sham.
Whoever paid that amount for this domain really must have some use for the domain. I recently prepared a comment regarding this purchase, suggesting that it is because of chatroulette.com that made it possible to generate interest. The domain was registered only three months ago for the usual registration fee, which is a major profit.
Search Google to find popular keywords that mesh well together. Try your hardest to find .com names. I will add some names on this blog to help you get started. There are many good domains which are still unclaimed. Investing time into any business venture will always lead to future rewards. The GoDaddy link is on the side panel. Make sure to use code cjc749fat to buy .com domains for $7.49. Cjcfa75 will get you 15% off of a $75 purchase. Make sure to input the code at checkout.