Well not quite the last time but the last time for the month of May anyway. I recieved the PR3 domain into my account today so that went straight to Ebay with the other auctions and so I have 14 domains in total ready to make some money (hopefully!) There is a mix of domains up for sale and that includes some of the domains that I sold previously but the seller never ended up paying for them so I have relisted them. I actually have a couple more domains that are in my account that I forgot about but I will leave them for a later date.

Well tomorrow is the 1st June here in NZ so I will be posting the month of Junes idea then and I’ll get some of the groundwork done tonight in between watching the Super 14 finals and the replay of the NBA playoffs. Luckily I have Monday off work as it’s a public holiday over here so I should get off to a positive start with the next project although I don’t expect to see any profit for at least 2 weeks with this venture.

I will do a round up of Mays project once the last auction has run and then we will see if it was worth it all and my general thoughts on domain flipping.

For any rugby players out there, GO THE CRUSADERS!!

Catch you tomorrow!

What do you get when you combine a 10 hour a day job, a love of basketball and 4-5 hours sleep a night? You get buggar all done and basically that’s why I haven’t done as much as planned this week. You see at my current job I have to get up at 5.00am and then I don’t get home until around 4.00pm. This makes for a very long day and then when you have to run around after the rest of the family it’s often not until after 5.00pm that I get to set down and relax. After sitting down for a while and checking all my other online projects it’s time to make tea so off I go.

Now I don’t mind this at all but when you combine my love of basketball and the NBA playoffs which don’t finish until after 12.00am you end up with sleep deprevation which just acculmulated and that was very much the case this week. I was just too tired to do anything with the domain auctions this week and that’s basically that’s why there was no midweek update……I was just plain knackered!

Now this has put me back somewhat but what I planned to do was to upload the last round of domains and then end the auction in a couple of days before the month ended, unfortunatley I’m still in a bit of a sleepy haze and although I did upload all the domains I was using a template and I didn’t realise until the last domain had been uploaded that I actually made them all 5 day auctions, so this means the auctions aren’t quite going to end in the month of May but that’s o.k it’s close enough.

So now I have 13 domains up for grabs and I might add another couple tomorrow. I’m still waiting for the PR3 domain that I purchased to be transferred to my account and if it does within the next couple of days then I’ll list it.

No idea how much I will make this round but I hope it’s at the very least a profit of some sorts. Once this lot of domains sell I will add up everything and see what the final figures are for the month

It’s late now so I’m off to bed but I’m still catching up on sleep so I’ll post again tomorrow once I get my head screwed on properly.

Peace!…………or sleep zzzzzzzzzzzz

Well today I actually got a hold of a domain flipping guide which I thought would be quite good and I was hoping it might give me an insight as to how I could squeeze some extra profits out of my last round of domain auctions.

Boy was I wrong! This guide/ebook sold for $97 US and it was pretty much crap in my opinion, it only covered really basic stuff which I was already well aware of and there were no examples of successful domain flips which was really dissapointing. You see when I purchase a product I like to see step by step pictures or video so I can replicate the system myself but with this so called guide it was sadly missing. I was hoping to write a positive review about it here but I’m not going to even bother naming the product.

On a positive note I must have about a dozen domains that are going to be up for grabs over the next couple of days for the last round of auctions for the month and I think there are some pretty decent domains there so I’m hoping for a good last round. I’m also hoping that the PR 3 domain that I purhcased will land in my account tomorrow so that I can put that on the chopping block also, here’s hoping!

Well I’ve been very slack over the last few days as I’ve been busy with a few things offline for a change. Anyway today I’ve grabbed a few domains and I will be listing the final auction for this month in a day or two. This auction will only be a 3 day auction which isn’t as good as a 5 day auction but seeing as it’s nearly the end of the month I have no choice.

I will also be relisting a couple of domains that people did not pay for within the allotted time and in addition I hope to grab a couple more today and maybe tomorrow also. Once I get this lot of auctions up and running then it will just be a matter of waiting for them to finish and then I will have a tally up to see if I’ve made money for the month and then it will be on to the next project!

Forgot to mention that I managed to grab another Page Rank 3 domain that will go on the chopping block but much like the last one I purchased it really depends on when it is actually transferred (took over a week for my last one I think) but hopefully it will sell for a profit whether it’s large or not doesn’t matter, just a profit will do!

Another thing to note is that there are a ton of Page Rank 3 domains available daily but I only buy them if they are somewhat suitable for purchase and by that I mean two or three word domains that make sence for example here are some Page Rank 3 domains that are currently available (note that I haven’t checked for PR accuracy but if I was contemplating purchasing I would verify they are PR 3 before purchasing).

vbsrweightlossmall.com
agrclassic.com
ladykatsgiftbaskets.com
theragandbonemen.com
laborassembly.org 

Notice how the domains aren’t very specific or generic enough for anybody to use so thats why I wouldn’t bother buying them even though they are PR3.

Another thing I forgot to mention is that some guy is selling a monthly subscription for expired domains, he will take a list of 50 000 - 60 000 expired domains daily and filter them down to around 5000 or less and then send them to his subscribers to look at and then they can purchase domains if they think there are any good ones. This guy uses the exact same software and technique that I have been using so I could have probably started the exact same thing when I first started this project,that would have helped the profit margin but the reality is that domain flipping was the main purpose of this blog and not setting up a subscription service but it’s an interesting twist.

Well I mentioned in a couple of my posts how instead of just using the domain in plain font that I like to try and Jazz it up a bit to give perspective buyers an idea of what a domain could be used for and to give the perception that this really is a great domain to own…..at any cost hopefully.

So I thought I would give you a couple of examples of domain logos that I made for my auctions so you can decide for yourself whether the plain font version is better than the enhanced version.

Like this for example which do you think looks better:

ImproveFinances.com

or this

StockOptionProfit.com

or this

this:

DiscountCamerasOnline.com

or this:

Now to me I think the logos look better and give a more professional feel to the domains. These logos only took about 3 minutes each and I’m the first to admit that I suck using photoshop but little by little I am using it more and more and at the same time am learning how to use it.

With the logos I have been making they really are simple, I just get a image like the one of the people above and then simply write or position text over the image. I then use a fabulous script package that I purchased a few months ago and it basically ‘dresses’ up the text to make it look really cool. It really is at the push of a button, find a font I like then pick a color scheme and photoshop does the rest, brilliant isn’t it?

Now I was going to include the link to the text package I purchased as it was only like $20 but the site doesn’t seem to be up any longer but I will include a link if it ever does come online again.

Now I know the above 2 examples aren’t mindblowing examples of photoshop artistry but I’d be happy to make one for the first couple of people to ask for them, at no cost of course……just another chance for me to try and improve my pitiful photoshop skills.

Anyway that’s part of how I try and make my auctions stand out from the rest!

Well reality hit with a thud today as the 3rd round of domains went under the hammer today. Now I must admit that these were pretty weak domains although I thought one of them might have a chance to make a few extra dollars but alass it wasn’t to be! After all 6 auctions were said and done I only made a couple of bucks profit and then when you add in the Ebay listing fees I probably only broke even.

So all in all today was pretty dissapointing but in reality it was to be expected. There seems to be a lot of competition at the moment and with there being so many domains up for grabs there are a lot of bargains to be had which is what happened to the domains that I had up today.

Another stupid thing I did was again to end the auction while I was at work, not as I had originally planned but I keep forgeting that I’m a day ahead of most of you readers (New Zealand) and so instead of finishing on the Friday the auction finished on the Thursday….oh well.

The only real bright note today was that I finally decided what my idea/plan for next month is and it’s going to be………….sorry , you’ll have to wait until the 1st of June to find out! But be rest assured it will be entertaining and everybody will be able to follow along as it’s very simple and it should again provide some extra cash for the month! In fact I’ve got the next 3 months planned out and I expect July to be quite a profitable month.

For now I will try and get a few more domains ready to go for the last round of auctions to see if I can boost this months earnings up a bit .

Not much happening on the domain scene over the last couple of days. The auctions that I have running are getting some attention and at the moment 4 of the 7 domains will sell for sure, it’s just that I don’t know how much of a profit there is going to be if any! I’m pretty sure at least one of the domains will sell for a decent price as it’s already attracted a few bids ( and by decent price I mean it will at least break even!).

I’ve only managed to get a couple of domains for the next round so far so I better get hunting. I’m sure that there are a ton of people doing this now because there were a heck of a lot more domains to choose from when I first started but the domains simply aren’t there any more.

The best thing about this is that it’s pretty easy to do. In fact I might get my son or daughter to do this for the last round of domains to see if they can come up with any money making domains and in fact while I move on to a new idea next month, they might continue on with this and I’ll split the profits with them (sounds like a good idea to me!)

Well I got my auctions up today albeit a day later than I planned simply because I got too busy yesterday but that happens. I have 7 domains up for grabs this week and once again with one of them I have choosen to make it a ‘feature’ domain which will help draw traffic and hopefully bids to the other auctions.

I haven’t really changed much with regards as to the layout of the auctions themselves in fact the only change I have made is to make the logos that I made the default picture in the listings. I don’t really think this will have much of an effect but I guess we will see by the results. Another thing is that the domains will end on what some people consider a ‘bad’ day for auctions to end being a Friday, once again we will see if this has much effect.

I’ve got 2 domains already that will go into the last round of domain auctions but I’m going to aim for between 10-15 just to see how well things can go and seeing as it’s the last round for this method we will see if I can boost the profit margin for a month.

I have read of domain flippers earning thousands a month and I really think it is possible, you have to remember I am just doing one round of auctions a week and only spending a couple of hours finding domains. I think people could really earn some easy extra money doing this. In fact there is another ebook that I want to get a hold of but it’s a bit pricey ($90) so I’m unsure if I will purchase it or not.

Until the next update!

Well I’ve decided to run another round of domains to be flipped instead of waiting a week to accumulate some more domains. I have about 8 ready to go and I might pick up another one tonight which will also go into next weeks domain flipping auctions.

This round of domains will be quite interesting, while I don’t think alot if any of them will sell for a huge markup I have managed to get a few bargains so it won’t take much to turn a profit it the whole point of this blog is to try and make money online full stop, not try and make huge amounts of money online (although I would be happy if I did).

So I will list these domains for sale tonight so this time they will finish at a more appropriate time when I’m home sitting in front of the computer. Actually as I am writing this I just got another domain so I’ll have a few auctions on the go next week. I’ll just start making some domain logos now for my auction so they look more professional.

At this time I have one domain from round 1 that still hasn’t been paid for so I am going to relist that auction as well, I also have another domain from round 2 that hasn’t been paid for yet but that was only a couple of days ago so I’ll give them another day before I contemplate relisting that one as well.

Part of the reason I made this blog was to help everyday people make a bit of extra cash so they could treat themselves to  a family night out one a month or something but for me any money that I make on this site goes towards my new digital camera that I purchased about a month ago.

Part of me brokering the deal with the Mrs was that I wasn’t allowed to use any of my regular internet income to help pay for the camera so I had to think of other ways to pay it off so I made this site and I’ll make another affiliate site shortly so I can pay the camera off and move on to another goal that I now have.

 My father is having his 70th next year and my sister just informed me that there are stacks of people coming to it so now I have to come up with at least $4000-6000 between now and the birthday to help pay for it all but realistically I think it will be pretty easy so I’m not too worried.

Better get busy making some money I think!

Actually one good thing I forgot to mention is that because I’ve made money from the first round of auctions every domain I have purchased has been self sufficient, meaning that I’m using the profits from the auction flipping to pay for any new domains that I purchase which is good because it means that there is not going to be a big ugly credit card statement like I intially thought and the Mrs won’t be chasing after me with a stick!

Auction day yet again and initially I thought I wasn’t going to do very well this round as up until this morning only 3 of the 7 domains had bids on them and  the 3 bids that were on it were below cost price. This included the page rank 3 domain I puchased but I was still really confident that I would make money on that one.

One slight mistake I made was to end these auctions while I was at work and being in the factory (remember I just an average Joe) meant I had no access to the internet. While it’s not overly important to be there when the  auctions end it would have been fun to watch if anything was happening.

Another little downer was that one of the auctions from the first round still has not been paid for but luckily it was the one that sold for less than the purchase price anyway so it’s not so bad.

The Results?

Well after scrambling home to see what had happened with my auctions l was happy to find that all 7 had indeed sold and as with round 1, only one of them had sold for less that purchase price so I was moderately happy with that.

Did I Make Money?

Well my domain costs for this round was around $50 for the 7 domains and I ended up…………more than TRIPLING my money! So while last round was good, this week was even better. The Page Rank 3 domain I purchased ended up selling for more than 8 times what I paid for it while another domain sold for 5 times what I paid for it and another twice what I paid for it so all in all most of the profits came from these 3 domains.

At the moment I’m in a bit of a quandry with what to do next round. At this moment in time there are a stack of people doing the same thing ( I suspect due to them purchasing the same guide as I did) that I am which means there is an oversupply of domains at the moment up for auction so I’m just wondering whether I should miss the next round and grab some more domains and have a real big domain flipping round 4 or should I just go ahead and try and flip the domains that I have purchased over the last week. At this point in time I have only got 5 domains that I can flip so I might miss a week and just concentrate on getting more domains.

That’s if for now, I’m off to scan the ususal places to see if I can find any potential domains and then I’ll think about whether or not to put some auctions up next week.

On another note I’m trying to decide when method I’m going to try to make money next week with, I’ve got a couple of ideas in my head but I’m not sure which one to pursue . I’m pretty confident which ever idea I choose I will make money but I’ve just got to decide which one to try!