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How I lost money in domain flipping

So it all started last year in July when my friend told me about this website called domainz.io. I went through the website, found it interesting, did some research on buying and selling domains. At first, I thought that I can make more money if I buy good domains. so, I headed over to Twitter and asked domainz if I can make profits buying domains from him. he said to buy some domains and sell it on flippa, so I bought a subscription for 15$, then browsed through few domains and bought the following domains. Total cost around 20k INR which is a good amount of money.

  • cricketlive.tv
  • filmed.me
  • greb.me
  • neither.me
  • photogrid.xyz
  • tiniurl.co
  • wittycode.io
  • internetspeedtests.org
  • salesforces.co
  • wimbledon.me
  • kissing.tv
  • rockstargames.io
  • callrecord.io

I put all my domains in flippa.com with premium listing by paying 59$. I waited for 20 days but still, no one had shown interest. I realized that I fell into a trap and domain flipping is not so easy way to make money. Then, I wanted to sell my domains at least for 50% loss. So, I went to namepros.com and put them on auction. Sold 2 domains for 90% loss 😔. Also, I got to know that we shouldn’t buy trademarked domains like “rockstargames.io” “wimbledon.me” and “salesforces.co” due to copyright infringements. So, I am afraid and immediately deleted those domains for loss.

Then, I heard about undeveloped.com (now, dan.com) and listed all my domains there. The good thing about them is they provide a neat landing page and statistics about each domain. I waited for a year, but unfortunately, only one domain was sold.

What did I learn?

  • never invest without knowing the basics of anything.
  • don’t over trust any website/person. in my case, I trusted domainz.io and ended up buying copyrighted domains.
  • if you bought a bunch of domains, try developing something on them. But, one pain point is we need to hold the domain until we develop.