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 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!

I’ve come to a realisation that there is a problem with one of the domain flipping methods I am using. You see one of the guides I purchased was basically brand spanking new but quite a few people purchased it. This lead to a whole lot of people trying to implement the same strategy at the same time which isn’t very good because it means there is an oversupply of these domains available which means they are selling for very very low prices.

So in order to combat this I am going to stray from the method outlined in a book and use my own idea for the next couple of weeks to pick up some real bargains. In saying that I did pick up 3 more domains using the methods outlined in the guides so you can add another $25 that I am now out of pocket. This means I’m out around $80 for this experiment but I’m pretty confident by the end of the month, all said and done that I will be in profit allbeit a small one.

One small glimmer of hope is that one of my domains actually got a bid on it but the others are still sitting there but tomorrows another day and you never know what might happen.

On a completely different note I wrote a testimonial for a product that I reviewed (money making product) which is actually my first testimonial that I have submitted anywhere on the net. Due to this product that I was reviewing I’ve decided it will be my next affiliate product that I build a site around so I’m going to be pretty busy this month but all is good!

Later!