Same day domain flipping. Does it really work?

1. Most people that buy a domain will never be able to sell

2. Domainers rarely sell a name, and most names they own they will never sell even if they live 200 years

3. The chances of selling a name within a few weeks of buying it is very low. Doing it over and over is impossible unless you buy a few hundred thousand names then everything becomes possible.

4. Save your time, save your money, invest it in something more promising than domain names. Domaining is for people that enjoy the whole process and don't mind paying a lot of money for that chase. Finding the names, watching auctions, getting low ball offers, getting offers and accepting and not getting payment, it's fun and randomly someone will buy a name from you that you considered dropping. They will also buy names that you dropped but forgot to delete from Afternic.

One of the funniest stories I have with domaining is about the time I almost flipped a domain the same day I got it.........to myself.

I was new to domaining, there was a domain I was watching for a long time that finally entered the 5 day pending deletion phase. I backordered it everywhere, NameJet, SnapNames, Hexo, Name, Pheenix, even purchased a GoDaddy backorder.

At 2pm EST I start refreshing ICANN whois every few minutes (more like milliseconds) waiting to see who got the name. Almost at the end of the drop time, about 2:45 it showed a registrar with a strange name got it and it led me to a site called BatDomains or something like that. I was very upset, how could some registrar with a broken looking site, beat all these other companies I backordered from?

I make up my mind to just contact the new owner of the name using whois and offer them 500. The problem was, the whois was blank, no info on registrant, no nameservers, almost looked like a half registered domain.

Few hours go by and I do a whois lookup on that broken registrar site, and now it has private info for the registrant. I take my chances and email the privacy email my offer of 500 using a email that doesn't come up in google.

With a few minutes I get an email with my own offer to my regular email address. I am starting to wonder if I am losing my mind, how did they know to send me a copy of my email to my real email?

It didn't take long and I got some emails from snapnames telling me that they acquired the domain on my behalf and they set it up with that dumpster registrar. At the time I had no clue that they use registrars around the world, to catch names. Soon an email followed from that broken registrar site that they have my account setup.

So that is as close I got to flipping a name for 500 dollars on the same day I registered it.