437: Domain Flipping: $70k+/yr Investing in Domain Names Part-Time
The Side Hustle Show
Nick Loper
4.7 • 1.6K Ratings
🗓️ 25 March 2021
⏱️ 50 minutes
🧾️ Download transcript
Summary
Can you still make money in domain flipping?
Last year, Mark Levine flipped 70 domain names, for around $160k in gross profit.
Of that, he spent a little over half on renewal fees for his domain name portfolio and acquiring new domains to add to it, netting $70-80k for the year.
Not bad for a part-time hobby!
In his spare time, Mark manages a portfolio of 3500-4000 domains. That's not huge by domain investor standards, but still a good-sized collection.
With established investors like Mark, I was curious to find out if there was room for new players to earn a profit. (Several Side Hustle Show listeners requested this topic as well!)
Tune in to hear:
- what it takes to buy low and sell high in the world of digital real estate
- where to buy and sell domains
- how new up-and-coming extensions level the playing field for new investors
Full Show Notes and Free Bonus: Domain Flipping: $70k+/yr Investing in Domain Names Part-Time
Transcript
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| 0:00.0 | What's up, what's up Nick, Loper here. Welcome to the side hustle show because you are the master of your domain |
| 0:06.1 | If you've ever typed a URL into a browser or gone to register a domain name for a new project of yours |
| 0:12.2 | You're already somewhat familiar with today's topic a few listeners have asked for this and it was something |
| 0:18.3 | I wanted to learn more about too and that's domain name investing. I turned to Andrew Olamen from domain name wire |
| 0:26.1 | And asked him who would be good to connect with in this space basically who's legit and he gave me a few names and introduced me to |
| 0:33.2 | Today's guest Mark Levine |
| 0:35.4 | In his spare time Mark manages a portfolio of |
| 0:39.1 | 3,500 to 4,000 domains, which is definitely not huge by domain investor standards |
| 0:44.2 | But still a pretty decent size collection and of those he sold 70 last year, which netted him around 160 grand in gross profit |
| 0:52.2 | And of that he spent a little over half on renewal fees for the portfolio and then acquiring new domains to add to it |
| 0:59.7 | Reinvesting back into the business, right? |
| 1:01.2 | So you can find mark at domain theory dot com |
| 1:03.5 | But stick around in this episode for an honest look at what it takes to |
| 1:07.6 | Velo and sell high in this world of digital real estate |
| 1:11.5 | including where and how to buy domains why new up and coming |
| 1:16.3 | Extensions can kind of level the playing field against the people who've been in it for years and years and |
| 1:21.2 | Mark's recommendations for evaluating potential resale value of a domain down the road |
| 1:26.9 | Notes and links for this episode along with the full text summary are at side hustle nation dot com slash domain and |
| 1:33.5 | While you're there make sure to pick up the quick guide to the alternative investments that I've personally invested in |
| 1:40.0 | Now like anything domain investing is a skill that can be learned and practiced for the skills you need to level up your side hustle or |
| 1:48.0 | Advanced your career. Check out our sponsor skill share dot com the online learning community is home to now over 30,000 |
| 1:55.5 | Expert taught online on demand classes on all sorts of helpful topics like social media productivity design and lots more |
... |
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