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!)

O.k so todays the first of the month so I had better come up with an idea to try this month so here it is DOMAIN FLIPPING. So what is domain flipping you ask?  Well quite simply it’s purchasing a domain and then selling it at a higher price than what you purchased it for, sell it for a profit in other words.

At the moment I’m still gathering a bit of information on how to actually go about this process and make money but I’m confident by tomorrow I will be ready to start.

Now while domain flipping doens’t sound that glamourous I know for a fact that some people make a decent amount of money for it so that’s why I thought I would give it a shot. I haven’t actually tried domain flipping before and that’s half the reason that I wanted it to be the first thing that I try to make money with. I pretty much have the next 4 or 5 months worth of ideas to try already decided so it should be interesting.

Now the object of this month is to MAKE MONEY, it doesn’t matter how small or larger the profit is (although the larger the better) as long as I make money!

At this stage I’m unsure as to how many domains I am going to have to purchase over the course of this month but I’d imagine it will be in the range of 20-40. Luckily due to the fact that I do other stuff online I am able to commit money to this project but I’m sure even beginners can just scale everything down to a level that they can afford so they too can give it a try.

Well that’s about it for this post, I’ll be spending the next few hours schooling up on the art of domain flipping and then we will get this little project underway tomorrow!