flipping a .com domain

[RingLeader]

I found a great active but unused domain that I think I can buy low and resell high. I think I read that one must hold a domain for 30 days before reselling it.

Is there a holding period before I can flip a domain? Also, any other advice on quickly flipping a domain would be appreciated.

Thanks,

John

 

[webfreak]

I found a great active but unused domain that I think I can buy low and resell high. I think I read that one must hold a domain for 30 days before reselling it.

Is there a holding period before I can flip a domain? Also, any other advice on quickly flipping a domain would be appreciated.

Thanks,

John

With one of the major players (i.e. GoDaddy, Namecheap, Moniker, eNom, etc), you should be able to instantly push a domain name to another user after successful registration.

Perhaps you are confused with the ICANN regulation that domain names cannot be transferred out of one registrar for a period of 60 days.

 

[RingLeader]

Say the name was at Enom, and I had it transferred to Godaddy when I purchase. I would then need to sell it to somebody registered at Godaddy or wait 60 days to transfer to the buyer if they insist on a registrar other than Godaddy?

What is the best way to approach this? Just get an account where ever the domain is registered at?

 

[webfreak]

Well, you would choose where to register the domain, no?

You cannot transfer registrars within the first 60 days of it being there (a new registration or new transfer).

 

[DNjet]

Say the name was at Enom, and I had it transferred to Godaddy when I purchase. I would then need to sell it to somebody registered at Godaddy or wait 60 days to transfer to the buyer if they insist on a registrar other than Godaddy?

What is the best way to approach this? Just get an account where ever the domain is registered at?

that is correct, if you transfer to godaddy you can push the domain to another godaddy member instantly , but if the buyer wants to transfer out then the 60 days has to go by, and yes it is your best bet to open a free account where the domain is regged at now so you can take a push instantly if you buy it, remember though that some puke regstrars like 1and1 don't have a push option, only a tranfer out option.

 

[RingLeader]

Ok great, I just received an email that they accepted my offer. The domain is at network solutions. It just so happens I have an account there. So here is what I think I need to do from reading network solutions faqs.

I initiated the domain transfer request at NS, Seller approves the transfer to my account once my money is in the escrow account. Domain moves to me.

Then when I resell the domain I can move it instantly to a new buyer with a network solutions account or transfer it out to another registrar.

This is my first real gem domain find so I am a little nervous about screwing something up.