What does the business of selling domains entails?

[King Belieal]

The business of selling domains is one venture that I hear people do. I don't even understand what the business entails.

What is the scope of the business of selling domains? How does it even work? How can one get into the business of selling domains?

 

[Augusta]

The business of selling domains, often called domain flipping or domain investing, It essentially entails identifying valuable domain names, acquiring them at a lower price, and then selling them to buyers

 

[Min George]

The business of selling domains, often called domain flipping or domain investing, It essentially entails identifying valuable domain names, acquiring them at a lower price, and then selling them to buyers

I am sorry. Who are the target market of such business. And is there a sure demand for domain selling. Doesn't look it.

 

[Augusta]

I am sorry. Who are the target market of such business. And is there a sure demand for domain selling. Doesn't look it.

Target markets are Companies seeking a domain that aligns with their brand, industry, or marketing goals.Web developers who may be building a website for a client or themselves and need a domain name for the project or domain Flippers which are Individuals or groups that specialize in buying and selling domain names, often with the goal of profiting from them.

 

[Stardom22]

That business is very profitable for sure. I really know a friend of mine that changed their life through that venture for the truth of the matter.

 

[neku]

It is a very risky business since the domain investor has to pay a large amount of money every year for domain renewal, or the domains will expire and get deleted.

 

[Augusta]

You have to do quick sales so that you can make profit. So they the domain would not expire in your hands that would need you to pay for renewal