How I Bought a Domain for $1 and Sold it for $700 in 3 Days
All this week I’ve been telling you about Gene Pimentel’s domaining strategies.
Basically, he’s been making his living buying and selling domain names for the last 12 years.
Being my usual skeptical self, I decided to put his methods to the test. I talked him into giving me access to his top 3 courses and promised I’d tell my readers about his domaining for profit course firesale IF, and ONLY IF it actually worked.
Well, I have some really cool news today. It works. All the details are below this top sponsor ad…
I used Gene’s method #2 called Same Day Domain Profits. This strategy shows you how to find expired domains, register them for a buck and sell them for $100.
The bad news is that I was not able to sell it the same day. I actually sold it three days after I registered it.
The good news is that I didn’t sell it for $100. I sold it for $700!
Here is a step by step account of how I did it...
Step 1: I watched his training videos on all three methods in his member area. Of the three methods, I decided I wanted to try method 2. It looked like the fastest and easiest strategy since it focused on what Gene calls “Low Hanging Fruit”. These are domains that look like NAME+BUSINESS.COM. For example, MikesLandscaping.com. Every day many of these domains expire and come back on the market.
Step 2: I went to the site Gene recommended and downloaded a list of several thousand domains that were just dropped and made available to the public. This site is free to access.
Step 3: I pasted the domains into the software Gene gives away free at his members area, and ran some filters just like he showed me. He even gives his members a list of 7000 first names to paste into the software.
Step 4: I identified three domain names that I thought were possible ez flips and purchased them using Godaddy coupons for $1, $2 and $8 respectively. (They limit you to one domain at $1.)
Step 5: I uploaded the “This Domain For Sale” 1-page website template Gene gives his members, on each of the three domains.
Step 6: I listed the domains for sale on eBay with a starting bid a couple hundreds dollars lower than the instant appraisal site Estibot.com showed me for the domains.
Step 7: I contacted a handful of businesses I found on Google that may be interested in each of domains.
Done. All of that took me about three hours, and most of that was scouring through the potential domains.
Nothing happened for three days until this AM when I got a phone call and email from a Godaddy domain broker. He had received an offer through their Domain Buy Service on one of the domains. Sweet!
Below today’s middle sponsor ad from Project Breakthrough are some images I grabbed from Godaddy’s website so you can see how the domain sale went down.
Note: I blurred out part of the domain name to protect the new owner. But as you can see, it was a FIRSTNAMERESTAURANT.com domain.
Naturally, I clicked “I’m willing to negotiate.”
Next I was taken to this web page with the offer…
I was pleasantly surprised to see the offer was 700x what I paid for the domain earlier this week. So, being the awesome negotiator I am, I clicked ACCEPT OFFER. Yes, I decided not to get greedy and ask for more. After all, I bought it for a buck!
And here’s the domain in my Godaddy account marked as sold. Easy peezy.
So, you may be wondering if you can do this too. Well, I’ll be 100% honest. You do need some computer skills.
You need to be able to copy and paste text. You really should have a basic hosting account that lets you add domains, and you need to be able to FTP the “This Domain For Sale” website files Gene gives you.
If you can do that, and you have some patience with scouring through domain lists, you can probably do this. The only other thing you need is a little creativity to think up potential business domains like “restaurant”, “autosales”, “landscaping” and maybe a few dozen more.
You probably won’t make $700 per domain. You may not even sell all the domains you register. But you might make a lot more on some of them. Just look at some of the prices Gene has gotten on some of his domain flips.
OK, I gotta run. My daughter was nice enough to blur out those images (she’s a Photoshop expert) and in return I promised I’d show her how to do this domain flipping. (That’s the beauty of Gene’s system, you can teach 1000 people how to do it and there are just so many domains in so many niches, competition is virtually never an issue.)
To your domaining success,
P.S. I forgot to mention — if you grab Gene’s firesale using the liks on this page, you’ll get 50% off and get everything for $67.