Yes, you can earn side hustle money by the way of domain name flipping. However, it’s not as simple as registering a domain name and you’ll make $100, $500, or $10,000 tomorrow. As the king of domain buying and selling, Rick Schwartz @DomainKing has stated, “Can they build their dream on your domain?”
Listen folks, it doesn’t get any more simple than that. For example, you might take the phrase “Thirsty Thursday” and add a few words to it and register a domain name and think it’s valued high. In all honesty, you need to take a step back and think about that phrase “Can they build their dream on your domain?” If that domain name only sounds good to you, then in the long run, it’s a waste of money. In fact, some might even come back and say that the free Google domain valuation tool says your domain name is worth $500. As we wrote earlier, domain valuation tools, are just a suggestion.
But even so, as the phrase suggests “domain flipping”, yes you can still flip a domain quickly for a profit. In the event that you register that great domain name today, is a quick domain flip considered one week? One month? Remember, that great domain name you just registered, still needs a domain buyer to earn side hustle money in flipping domain names.
With all of that being said, do you have the time and patience to flip domain names? If you need the money tomorrow, then this might not be the side hustle for you. In fact, you might want to stick to flipping books or Pokemon cards on eBay. However, if you are willing to put in the research and time to register domain names that are worth buying, then this could be for you. Seeing that domain investors are always looking for domain names, a small domain registration investment might make this the best side hustle. Remember, domain investing, or domain name flipping takes time, but the results are worth it.
