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 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.

Well just a quick update, theres about 8 hours left and 11 of 12 domains that are up for grabs will definatley sell . There are another 2 domains which end in 18 hours (for a total of 14 domains) and 1 of them will definatley sell. I’m still unsure at this stage if I will make a profit on this lot of domains but usually the bidding starts to heat up in the last hour or two so I might stay up a bit later tonight (auctions end around midnight my time) to see how well the auctions do.

So here’s crossing my fingers and hoping some people with more money than sense  come along in the next few hours and make big bids on the domains!

I will post an update after the last domain sells (in 18 hours) with a round up of how things went and if I actually did manage to make money online for this month!

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!)