When it comes to finding a profitable side hustle, many people are turning to domain flipping. Not only is this a great way to make some extra money, but it’s also very easy to do as well. You don’t need a master’s degree to figure out how to make money in the domain flipping business. Many people are making anywhere from $50 to $100 in profit per domain they sell.
How is this business profitable? Many people buy a domain, but either grow tired of it or don’t have the money to continue hosting it. After a domain expires, the owner has 30 days to renew it. If they choose not to renew it, the domain will go into a domain registrar where people can bid on it.
The bidding normally takes place for 7 days and goes to the highest bidder. When you place high bids, it’s very easy to buy expired domains. This allows people to grab many good domains, some have even been around for over a decade.Continue Reading