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!!