Domain flipping can be a very intimidating business. You compete against thousands upon thousands of eager fellow flippers all over the globe, looking to get a good deal and scouring domains for a good deal. You need to be one of the first to the front of the line, being casual about it may get you the occasional deal and is fine for those folks flipping in their spare time for a hobby or just a small extra source of income, but if you plan to make flipping your primary source of income than time is of the essence.
So, what should you be looking out for? The information contrary to popular belief is not out there for what you should and should not flip website wise. Most people thing that there is some hidden guide out there. All you will find is trend information and consumer tendencies that will should you the current state of affairs. Anything out there from cartoons to ice cream always has a following, you just need to take the domain or site you are attempting to flip and put your unique branding on it.
Traffic for flippers is a concept a lot of folks don't consider. They take the "If you build it, they will come" stance and just wait for people to come to them. While this may be true it also can be very time consuming at a point where time is money. The more time you waste, the more earning potential flies out the window.
How important is traffic to your website flipping business? The answer is simple; traffic is everything in the online business world! Traffic is a hard topic to really understand for a novice flipper especially when they are not sure of how to gauge it. That is why you look up on a search engine for website traffic statistics and find a trusted site that will provide you with the information. If you own a domain and/or a site, these tidbits of information can be critical in gauging if your changes and plans are paying off in traffic increases or if you need to change your strategy.
Hot domain shopping is a dangerous way to play the game. Hot domain shopping is where you take the next big thing or even the current big thing and try to cash in on it before it fizzles out. The problem being you will be competing with thousands upon thousands of people trying to do the exact same thing. Predicting the nature of a consumer is a task that cannot be done; consumers are like the wind and tend to change course and direction in a matter of moments.
Guides on domain and site flipping are just that, guides. Take them as they are intended to guide you along your journey to becoming a successful flipper, but do not rely on them to have all of the answers you seek. Take the knowledge from within them, and if it makes sense use it or learn from it, but also remember what tricks and methods may work for once person, may not work for you with the same set of results.
You will find several established sites dedicated to Selling Domain Names or Websites. The biggest downside to the most well known sites is that they charge a fee to post your listings (ranging from $10 to $50) or charge a commission upon sale (10%). These fees can quickly add up and reduce your profit! Other free sites are based on outdated forums or pre-packaged software which makes the whole marketplace interaction less than intuitive.
SiteBin.com is a new marketplace for domain and website brokering with Absolutely ZERO Fees or Commissions! Here again, SiteBin is different: Main objective is to make the whole process of Buying and Selling Websites and Domains 100% Free!
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Article Source: http://EzineArticles.com/?expert=Aaron_J._McCarren
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