# How I lost money in domain flipping

Greediness is very dangerous in domain flipping. One should not expect high returns in less time. It takes a number of years to get succeed in domain flipping. In this post, I discuss how I burnt my hands in domain flipping.

So it all started last year in July when my friend told me about this website called [domainz.io](https://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 profit buying domains from him. He advise me to buy some domains and sell them on flippa, so I bought a subscription for 15$, then browsed through a few domains and bought the following domains. The total cost is around 20k INR which is a good amount of money. I expected double the money within a year. The list of domains I bought are

- 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

After buying, I thought what if the domains were not sold in a year. I panicked and thought I did a mistake. I want to recover the money and try these ways.

1. So, I put all my domains in flippa.com with premium listing by paying 59$. I realized that domain flipping is not so easy way to make money.
2. I put them for auction in [namepros.com](https://namepros.com). Sold 2 domains for 90% loss 😔. 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 panicked and immediately deleted those domains for loss.
3. I heard about [undeveloped.com](undeveloped.com) (now, [dan.com](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.
- more than pros, know cons first.
- don't trust any website/person. only believe in your analysis and conscience.
- patience is the key. say you have some money with which you can buy 10 domains for a year. do not buy 10 domains for a year, instead of that research and shortlist 2-3 domains and buy them for at least 5 years and put them on sites like [dan.com](dan.com) and forget about them. This is where I did wrong.
- if you bought a bunch of domains, try developing something on them.