O.k so after a few hours of reading last night trying to get up on this domain flipping gig I’m thinking I’ve got it kind of figured out. I got a hold of 3 different domain flipping products and basically devoured them over a few hours. So today I thought I had better put into practise what I had learnt. The good thing about reading 3 different manuals means I can take pieces from each to make my own idea or format to go ahead with while in the same time making sure not to stray to far from what the ebooks I read suggested.

So basically I got up this morning and started the first step on my domain flipping journey. Using a site suggested in one of the ebooks I managed to get a list of domains that had expired and past a 5 day holding period. I’ve found out that the 5 day holding period is for the registrars so they can see if there is a sizeable amount of traffic going to a particular deleted domain so they can have first bite and register it, if not they just let it go and us mere mortals can have a go.

Now as I mention I downloaded this list which had a staggering 50 000+ domains and I had to weed through it to try and find a few diamonds in the rough! Luckily one of the ebooks suggested some free filtering software which I could download and use to weed out the list. After having downloaded and run the software I was left with a list of 3000 which is still a fair amount of domains to look through. Again the ebooks came in handy as they suggested a site where I could check 500 domains at a time to see if they were available for registration.

After going through this list I was left 6 domains that I thought I might be able to make a buck or two on. One of the ebooks also suggested a site where I might find some good domains so I took a look there and managed to find1 domain. So in total today I have registered 7 brand new domains at a cost of around $60US so I’m in the RED already!

Now the next part is selling them and of course I’m going to try and offload them on the worlds biggest marketplace, Ebay. Now using some of the suggestions in the book I’ve managed to list 4 of my domains for sale already and I will upload another 3 auctions after I have finished this post.

These auctions are listed for 5 days which is good as I will be able to fix up this blog like I intended and get some more content up. I think the auctions are due to finish next week on Wednesday so I will hopefully posting back then with some positive information.

In the meantime I’m going to keep searching for domains and posting here if I think I find any good ones, I think my credit card is in for a rough ride this month!

Any comments are welcome!