A Penny Saved

With all the talk of the Real Estate market and where it’s headed, it may be time to start looking for a new area to make your profits from. No, I’m not talking about forclosure auctions, although they could become quite popular soon. I’m talking about a different type of Real Estate. Internet Real Estate. Domains.

Just like the ever popular “house flippers” who buy a rundown house, remodel it, and then sell for a huge profit, domain flipping is becoming popular. Business 2.0 had a short article on the subject in this months issue. (unfortunately, there is no link up to the article just yet) Essentially, people are buying domain names that have potential, fleshing the site out and gaining traffic, then selling for decent profit.  They suggest sites like sitepoint and DNForum to begin looking at for potential flippable domains.

Certainly, domain flipping isn’t for everybody, and some related experience with web programming and domain hosting is probably suggested.  I have some limited experience with my research for articles at Thatedeguy and at SuperGeekBlog, but still will have to take a much closer look before I try domain flipping for the first time.

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