How I Bought a Domain for $1 and Sold it for $700 in 3 Days

Posted in Income, Local Biz8 months ago • Written by Jim Daniels17 Comments

domainstocashAll 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…

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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.

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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.

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Naturally, I clicked “I’m willing to negotiate.”

Next I was taken to this web page with the offer…

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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.

 

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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,

jimdcircle

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.

 

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17 Comments so far. Feel free to join this conversation.

  1. jim April 1, 2016 at 10:52 am -

    Hey Jim: Excellent posting for buying/selling domains. With a little bit of simple work as per your posting it’s possible to earn a living doing this.

    • JDD April 1, 2016 at 10:51 pm -

      Glad you liked the posting Jim. I was quite surprised at how easy it was. If you want some more tips let me know, I’m learning new stuff and finding new domaining resources every day now.

      • jim April 2, 2016 at 9:34 am -

        Hey Jim: More tips sure would be appreciated.
        Like you this is a bit new of the process.

  2. Ray Pearson April 2, 2016 at 9:50 am -

    What are the upsells and his much are they

    • JDD April 3, 2016 at 5:24 pm -

      Hi Ray,

      There are two upsells. The first one is a package of pre-built local websites in a bunch of different niches. That one is $37 I believe. Then there is a guaranteed domain reselling profitability coaching program for $197. But you don’t need to get either of the upsells to use this package. You get all three of his programs for $27. I was supposed to expire Friday at midnight but it made product of the day on JVZoo so they had to keep it open a couple more days. Grab it if you still can, it’s a great program.

  3. Gary April 2, 2016 at 12:56 pm -

    Hey Jim,
    Purchased “Domains To Cash” I’m going through the video training now….All looks good, great value at $27. I also would appreciate any tricks and tips you come across while flipping domains.
    Thanks Jim,
    Regards,
    Gary.

    • JDD April 3, 2016 at 5:29 pm -

      Hi Gary,

      Here’s a tip you can use. After you buy a domain get the Gene’s “This Domain For Sale” template up on the domain right away. It really works. Then consider listing it on Ebay or in the Godaddy domain auctions. That way you get some competition among potential buyers.

      But the real secret is to find some potential buyers on Google and let them know the domain is available! That works really well with the FIRSTNAMEBUSINESS.com domains. Here is an email template you can use…

      Subject: Courtesy notice RE: _____Restaurant.com

      Hi there, I’m sending this quick email on behalf of the owners of _____Restaurant.com.

      Their domain is being auctioned off this week at well below market value and they thought you may be interested.

      There are lots of ___’s restaurants, but only one _____Restaurant.com.

      Details on this one-time auction are posted at: http://_____Restaurant.com

      Whether you’re interested or not, I wish you continued success in your culinary endeavors.

      Sincerely,
      Your Name
      Phone Number

  4. MIchael April 4, 2016 at 10:43 am -

    Hey Jim,
    I bought the program and went through the 2nd course.
    Just wanted to ask a quick question with regard to the “This Domain for Sale” method in the course. He says to put in a price much lower than the one you got for your site.
    Did you leave the price out of your “This Domain for Sale” page or did you put in a much higher price and/or best offer message or a link to the godaddy auction page or something else?

    Also, did you sell the other two sites you had bought (if so with same method or another one)?

    Thanks, I’m going to try this and give it my best shot to finally get some money coming in. Think I will also get the upsell and post some local business sites on these as well.

    Mike

    • JDD April 4, 2016 at 5:20 pm -

      I didn’t change much on that domain for sale page, I just said it was available at below market value and linked to my ebay auction. I set the price at the auction to a starting bid of $125 and a buy it now price of $1000. The buyer must have really wanted it and figured they’d save a few bucks by going right to Godaddy domain buy service, who then contacted me.

      I have not sold the others yet but I am experimenting with Godaddy auctions and ebay. I have actually bought 20 domains now, I’m hooked!

  5. RB April 5, 2016 at 12:41 pm -

    Jim, I bought 3 expired domains today using this method. Just curious, how do you get those domains for $1 or $2? I cant find any coupon codes for them.
    btw, loving method2, easy peasy!

    • JDD April 7, 2016 at 9:52 am -

      I was able to find a few coupons for Godaddy for $1 and $2 domains but it seems to be limited to the first few registrations. Just search Google for Godaddy domain coupon April 2016 and you should find a few you can use.

  6. MIchael April 8, 2016 at 12:05 pm -

    Any update on the other 19 domain names you had purchased using Gene’s methods and the results?

    Hope you are selling a bunch of them…

    • JDD April 9, 2016 at 8:48 am -

      Nothing to report yet. I got pretty caught up in researching and buying domains. Now I need to focus on selling. I’ve listed a few at ebay and a few at godaddy auctions. I contacted a few leads and now I need to contact a few more. Hopefully I’ll have more news soon. I did get my $700 via paypal from godaddy for the one domain that sold in 3 days so that was nice!

  7. semsari July 3, 2016 at 5:27 pm -

    Thank you. I will try this and give you feedback.

  8. Dalton July 5, 2016 at 10:20 pm -

    I purchased the package and have all three courses. Im trying to use the same day domain for profits strategies and the only problem i seem to be having is getting the for sale site up after purchasing the domain. I uploaded all the files he gives you to the Cpanel and then im suppose to be able to type in my domain and it display the for sale domain site but it doesnt. Please help!

    • Jim Daniels July 6, 2016 at 6:37 am -

      Hi Dalton, just make sure you are uploading all the files WITHING the InstantDomainer3.2.1 folder and NOT the entire folder. So open the folder first by double clicking it and then upload all the contents of the folder. That is where some people have trouble and that should do the trick.

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