Domain flipping refers to the practice of purchasing a desirable or potentially valuable domain name with the intent of selling it at a profit. The first step in the domain flipping process is purchasing and selecting a domain name. In order to have a unique access to a domain, the first thing is checking out whether a name has been taken before registering. In the event that your selected domain name has already been used, it is important to make a bid to purchase the domain.
When selecting a domain, it is essential to ensure that the name is based on topics that are potentially relatable and valuable to your target customers. The most popular top level domain (TLD) is the .com followed by the .net TLD.
This checklist will guide you into the crucial factors to consider when selecting or purchasing a domain name.
Step 1 – Searching for a Domain Name
1 Use software to analyze and search for a domain name
2 Brainstorm to get ideas for unique domain names
3 Check online trends to create a trending name
4 Consider using business owner name domains
5 Combine suburbs and town names to generate geographical domain name ideas
6 Use the dictionary to come up with unique names
7 Generate brandable domain names by leveraging the TV show/movie method or the letter deletion approach
8 Be on the lookout for new patents
9 Be abreast with popular culture to generate ideas for your domain name
10 Consider products/service based domain names
11 Use tools such as domain name search to search for domain names related to particular topics
Step 2 – Evaluating a Domain Name
12 Check whether the domain name is brandable
13 Ensure your selected name is pronounceable
14 Check whether the name is service/product based
15 Check that the name can be associated with trending topics
16 Ensure your selected name is memorable
Step 3 – Purchasing the Domain
17 Check the availability of your selected domain name through sites such as instantdomainsearch.com
18 Contact the owner if the domain is registered
19 Check expiring domain availability through sites such as justdropped.com and stuckdomains.com
20 Select your preferred registrar
21 Purchase the domain
22 Register the domain
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