So after a month I ask myself “can I make money flipping domains?” and the answer would be yes. Now take into account I’m only using the method that I got from a couple of guides and I know for a fact that there are other methods that you can make money from when flipping domains. In fact this is going to be like Mythbusters where they sometimes revisit myths that they have done. I too will be revisiting this method once I find out a bit more information (this includes buying a couple more guides that cost around $97 each) so I can put them to the test.

Now the method I used was simple and even a kid could follow along and do the same. Also keep in mind that I didn’t do this everyday, I only ran 4 groups of auctions and it really was only a part time thing. I had other commitments, family , job and other online projects so time wise I really didn’t spend a lot of time doing this which is good. This of course means that those of you who are looking just to make a bit of extra money and who are able to commit more time to it will in my opinion make a lot more money.

In total for the this project I only ended up purchasing 28 domains and I only spent $70 on my credit card for the month, the rest of the domains were paid for using profits from the first and subsequent auctions. So you don’t need a huge outlay to give this a go.

Will I continue to flip domains?

Yes, it’s easy and it’s fun. With the profits I made I was able to purchase some more marketing materials for other sites, pay for my hosting for all my sites and still have Paypal funds in my account.

So how much did I make?

After all was said and done I made about $180 profit which to some people is nothing (the ones rolling around on the floor laughing)  but I guess it really depends on your financial situation. For me it’s handy to have that extra money in my Paypal account because as I’ve mentioned I can buy some more information products, pay to have articles written for me and use it for my other online ventures. So in saying that I will be running an auction at least once a month to see how much extra cash I can make because in todays world every little penny helps. Also a good chunk of the profits is going to help pay off my camera and I have seen a lens on Ebay that I want to buy!!

So what do my monthly profits buy?

I thought I would show you what each months profits could roughly buy using things that most people are familiar with so here it goes:

Well here in New Zealand I could buy around 20 Big Mac combos!

It would also fuel my car for about 3 weeks (2.00 a litre here!)

I could take the family out for dinner!

So if your looking to make a bit of extra cash and want to have a bit of fun doing it then Domain Flipping could be for you!!

Well nothing much happened on day 4 to report about because I was too busy and spent too much time looking for a lens for my new camera on Ebay. I found the lens that I want , now I just have to make some money so I can buy it without the Mrs throwing something at me! So I didn’t actually get any ‘Bum’ work done yesterday (day 4)  and also the blog still had not recieved any visitors but I’m glad to say today that my articles got approved (5 of them) and at the time of this post (mid afternoon) that the blog has recieved 65 visitor and do you know what? I checked into my Clickbank account so I could see how many people had clicked through my blog to the affiliate product and 17 people had, so roughly that’s a 1 in 4 clickthrough rate which is pretty good……….but do you know what’s even better…………I HAD A SALE!!………..yep there was one commission payment sitting in my Clickbank account!!….that rocks!!

So after that good news I’m going to finish off the domain section then get back to work and write some more articles, make some more funnel sites and hopefully get some more commissions!!

Well the last lot of 14 domains went up for grabs and seeing as they finished around midnight my time I just couldn’t be bothered waiting up to see if I made any money or not, I was just too knackered! But after getting home this afternoon after work I was pleasantly surprised to see all of them had sold and most of them for a profit. Now it wasn’t all good news, I made a loss on 4 of the domains but luckily the combined loss was only around $3.00 so there weren’t much tears to wipe away.  The PR  3 domain that I had such high hopes for let me down, while I was hoping for a big profit on it, it never eventuated. I only made around $5.00 on it…….at least it’s a profit I guess.

So all in all it wasn’t too bad of a round, I made money I guess and that’s the most important thing. It didn’t take long to do and I had fun at the same time which is a plus. I spent around $70 for the 14 domains that were up for grabs and I ended up more than doubling my money on this round so I can’t really complain…..well I could but I won’t.

So that is it for now and that’s it for that idea, I’ll write another post with my conclusion for this month and whether or not  I think it’s worth it.