January 28

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Top 13 Ways to Double $10K Quickly in 2022

You just got a check for $10,000 from Grandma Gertrude.

Maybe you aren't so lucky but you have worked hard and persevered to build an investment nest egg.

What can you do now with it?

Most likely, this article is because you have a lump amount burning a hole through your bank account but no plan to double it.

This ultimate guide will double your investment!

There are two main factors in investing: risk and speed.

You will find great strategies below, some more efficient than others and some for those who are more cautious.

If a product has more speed stars than it can handle, it will be faster for a multiplied ROI. The more stars it has for risk, the more risky it is.

Let's get started if you want to maximize your money!

* Disclaimer: No one on this site is a financial or legal professional. Do your research and consult a professional before you invest in any financial investments. *

Chapter 1: Index Funder

Follow the Leader to Make Money!

Index funds can offer a great return on investment, which could be used to double the amount of $10k.

This was rated two (2) stars for speed due to the time it takes to complete.

Due to the nature of the market and the system, the risk is slightly greater than the average.

These are the steps to follow if you want to use this method.

5 Steps To Index Funding

Step 1. Check your accounts...

You will first need to verify your 401(k), IRA or Brokerage accounts before you can start investing in index funds.

A brokerage account allows investors to invest in the stock exchange. Investors have the option to deposit money and then purchase investments.

Step 2. Pick your fund, not your nose...

Choose the index that you wish to invest in.

Index funds can be used to track a specific asset, industry, company, or type.

Invest in the right fund for you.

Step 3. What's the minimums?

The minimum investment amount is shown.

Do not assume that index funds will be cheap. Most have minimum investment amounts before you can buy in.

You can choose to have less than the minimum amount and not accept that option at the moment.

Step 4. Be part of the 1%

Funds with a lower expense ratio than 1% are worth looking at.

The lowest cost rate possible will help you achieve a greater return.

You will need to increase your expense percentage if you want your investment to grow.

Step 5. Fund and Auto-Fund

First, fund your account. Next, fund your account to enable automatic contributions.

These are some great resources that will help you learn more about the process and how to invest in index funds.

Chapter 2: Flip 'n' Rent

Real Estate Tycoon Simulator IRL

This method is perfect for those who binge-watch HGTV or wish to do the same as Chip and Jo.

We awarded a modest two (2) star rating for speed and two and half (2.5) stars for the risk associated with this monopoly-style moneymaker.

While it is unlikely that you could rent a house and flip it for $10k all by yourself, this could be an option for a group effort.

This book is a great resource for understanding this method.

1. Plan

Make a plan and determine your ultimate goal. Your financial goals should be realistic and based on your investment strategy and your expectations.

Click here to learn more about setting goals for real estate.

2. Your network is your net worth.

Get as much information as possible from other local landlords/investors.

This can make a huge difference. However, it is important to remember that landlords may have an investment bias. The landlord's investment bias is their purchasing strategy, experience, and end goals.

This will allow you to find other investors/landlords with similar goals, but more resources than yourself.

They will answer any questions that you might have and assist with your investment strategy.

3. Plan for down payment

Start saving money for your down payment by going to the bank.

Once you begin looking for a property, start planning your finances.

You will need to save at least 20%-30% on your down payment.

Talk to your bank to find out what you can afford.

4. Plan Your Expenses

Do the math about expenses.

Each rental property incurs expenses. It is important to be aware of the monthly and unexpected costs that may arise.

is a great resource that can be used to assist you.

5. Location, Location, Location.

Do your research and be thorough. If you don't think you have enough information, then you should continue to research.

Look for indicators that indicate a strong realty market, such as job growth and city revitalization.

When searching for a strong market in real estate, you will need to do your research. This can be done by adding the following questions to the ones above.

  • Is the property in a great school district?
  • Is there a business or attraction within walking distance?
  • How walkable is this property?
  • What are the other rental properties in the area?
  • How does the crime rate look?
  • What is the average income of the household in your area?
  • has more information about due diligence in real-estate transactions.

6. Take a look at what you are expecting

Do a home inspection.

Home inspections can be expensive, but they are well worth it.

An inspection can reveal things that, if not addressed or repaired promptly, can lead to significant financial losses.

Keep in mind, however, that the inspection results can still be used to negotiate your real estate purchase.

7. Pro Forma

Pro forma is an estimate of the cash flow potential for a property.

These projections will allow you to determine the property's expected monthly cash flow as well as expenses including taxes and expected ROI.

Click Here to Learn More About Pro Forma.

8. Appraisal

Get an appraisal.

Lenders will require an appraisal of the property if they are planning to purchase a rental property with financing.

This allows both parties to know they are paying the correct price for the property and that they are not being overcharged.

9. Research Insurance Options

Although it may seem obvious, you should not put unnecessary risk on your investment property. Make sure to get insurance.

To compare coverage, prices, and packages, make sure you call local agents.

A landlord can also benefit from an umbrella policy.

Umbrella insurance policies provide additional protection in the event of an accident or lawsuit.

These policies will protect you and your investment assets.

10. Send an offer

If you have any questions about the property that you are interested in, contact your agent. They will complete the paperwork and submit your offer.

Don't let emotions control you. Only spend what you can afford. Once your offer has been accepted, you can start the clock.

You should act quickly, as the time it takes to close a deal will vary.

It's also a smart idea to act quickly so that the deal is done before the deadline.

Get started with the terms of your agreement if you have decided to hire a property manager.

The speed at which you rent the property out will determine your ROI rate.

Chapter 3: Stocks

The Backbone of Wall Street

The New York Stock Exchange (NASDAQ), EuroNext, London Stock Exchange (London Stock Exchange), TMX Group, Australian Securities Exchange and others.

Stocks are the common thread that unites all of these items.

Stocks are an important part of the current global economy.

Stocks were given a minimum rating of two (2) stars for speed of return and risk. However, depending on certain circumstances, they could receive four (4) stars.

Let's get started.

1. Evaluate Your Financial Situation

You must ensure your financial position is ready to invest in stocks and bonds before you make any investment.

This is one of many things that you need to consider:

  • You must ensure that your income and job security are sufficient to allow you to make investments.
  • You should pay off any existing debt before you invest. It is a bad idea to invest money that you cannot afford to lose.
  • You may need to focus all your income on helping a baby if you have just had one.
  • Your household budget should allow for some additional money to go towards your investment(s).

It is important to think about your goals and answer the question "Why are you investing?"

  • What are the best investments for retirement?
  • Do the investments have a shorter-term (5-6 years) goal?
  • Is there anyone else who will have the money?

2. Choose a Lane

Decide what type of stock you would like to invest.

Do you prefer a more hands-on approach or a more relaxed approach?

Both options are valid, but most people prefer the more hands-off approach.

You might consider using a robo adviser.

3. Register for an Investing Account

An investing account is necessary in order to make stock investments.

It could be a brokerage account, or an account opening through a robot-advisor depending on how involved you are.

Remember that 401(k), as an investment account, can be used to invest in mutual funds.

4. Establish a budget

Two questions should be asked when deciding on a budget:

  1. How much capital do I need in order to invest in stocks? The price of individual shares will determine how much money you need.
  2. How much should I invest to buy stocks?

5. Gradually Invest

You can gradually invest in individual stocks. Your entire investment should not include individual stocks.

This guide will help invest in stocks.

Chapter 4: The Name of Bonds...

Standard Bonds

Bonds are a fundamental part of the global economy.

Bonds are safer than stocks because they take a longer time to mature.

We gave bonds one (1) star to speed and one half (0.55) star to risk.

This step-by-step article will provide additional information.

1. Understanding the basics

Learn how bonds work.

You agree to lend your issuer money when you buy bonds

The issuer will make interest payments at a predetermined amount until the bond matures. At that point, your principal is fully repaid.

2. Register for a Brokerage account

A brokerage firm can help you purchase bonds. They are in touch with companies and governments that wish to issue debt.

Brokerage firms have access to secondary markets, where bonds can be sold.

3. What Type of Bond is it?

Choose the type of bond that you wish to buy. There are many types of bonds available:

4. Assess the Bond(s).

It is crucial to assess bonds before you invest.

You should evaluate the credibility of the bond issuer, as they may differ in reliability.

These groups will be home to the majority of issuers:

  • The United States Treasury is considered the gold standard for reliability.
  • Other United States Government Agencies will yield slightly more than Treasury Bonds, and the risk is minimal.
  • Municipal Governments have a slightly higher risk than federally issued bonds.
  • Foreign governments- may be subject to very low or very high risk, with high or low yields. It all depends on which nation is offering the bonds.
  • Corporations - Corporate bonds are similar to foreign governments. The risk and yield of corporate bond varies depending upon the issuer.

5. Bond Grading

A grade is another way to assess bonds.

A grade is a rating that evaluates the credit quality of bonds and the ability of the bond issuer to repay it.

The best bonds are those that are between AAA-C or AAA. Those closest to AAA are the best.

Any bond graded BBB+ or higher is considered investment-grade.

6. Bond laddering

Invest in bonds using a laddered approach.

Different maturing rates for bonds are available, so it is important that you only buy bonds with high maturing rates.

You should remember that bonds are a contract for an interest rate. It is best to have your bonds mature at a more gradual rate in order to build up liquidity.

Additional resources available You may also like this article on investing to bonds and this one on buying bonds.

Bonus. Zero Coupon Bonds

Zero coupon bonds differ from standard bonds in that they are not convertible to coupons.

Zero coupon bonds are bonds which do not pay interest over the life of the bond.

Instead, investors purchase zero coupon bonds at a deep discounted price from their face value. This is the amount that the investor will receive when the bond "matures" (or comes due).

This article will provide more information.

Chapter 5: Margin Trading

Borrow Money Making Money

Margin is money borrowed to invest.

This is everything you need to know about margins

It is high-risk and potentially lucrative because you are technically using another person's money to make it.

This method allows you to multiply any investment made by a partner who has a loan.

Before you start margin trading , there are certain requirements.

1. Register for a Margin account

Margin accounts are those that have been opened with a broker specifically to allow margin trading.

These accounts are subject to minimal account balances, which are often based upon the loan-to value ratio.

This guide will show you how to open a margin or cash account.

2. Buy

Borrow money to buy stocks

Margin trading allows you to purchase stocks using borrowed funds.

Borrowing money to buy stocks can make it much more profitable than spot trading.

These are some great strategies!

3. Hold

For a brief period, hold.

You might consider setting up one- or two-month windows for margin purchases to ensure that you aren't exposed to market corrections or price drops.

These general guidelines for margin trading are provided.

4. Sell

When the stock reaches a predetermined benchmark, sell it.

Do not be greedy. Set a price target that you want to achieve.

Reevaluate your options if the price is higher than your target and consider selling.

This guide is for day trading on margin.

Chapter 6: Land Flipping

Dirt has Never Looked so Good

House flipping may seem like the best way to make a huge return on your investment in real estate. But, most people forget about the land .

Flipping land can bring you a similar return without the high costs of renovating or updating your home.

The speed at which you can achieve a double-investment was rated three (3) stars. On average, the risk is higher than with large asset acquisitions.

These steps will help you reduce risk and get your investment goals accomplished faster.

1. Market Research

It is a smart move to explore multiple markets before you start investing in land.

There will be plenty of opportunities in most markets, but the types of properties and their prices can vary across the market.

These tips and tricks for market research are here:

  • Define your ideal property as best you can
  • Set aside money for both marketing and property purchases.
  • Identify the laws of your state and locality that govern vacant land transactions.
  • You can decide whether to sell with seller financing, cash, or both.

2. Direct Mail Marketing

Direct mail marketing is the best and most cost-effective way for motivated sellers to be found.

Direct mail marketing's success or failure is dependent on your ability to organize and find the right data, and to communicate compelling messages to the right people.

Decide if you will get your property owners list from the county or a service.

Get your list sorted and filter to get the best response rates.

You can use a direct mail service provider to make it easier to send your offers (such as Vistaprint or Mail Shark)

3. Process leads and make offers

You must have the systems in place to manage any responses from direct mail campaigns.

To answer sellers who call, set up a phone system with a customized voicemail recording.

You can create a website to allow potential sellers to submit property information online.

Gather all the information necessary to respond to leads.

Establish a system to accept non-committal offers.

Blind offers can be sent along with Direct mail marketing.

Negotiate only on properties worth fighting for. Always ensure that the price is within your budget.

4. Proper Due Diligence

You should do your research once you receive offers.

You can feel confident about your investment if you do your research.

You should verify all information regarding the property.

Look at similar properties in the area to determine an estimate of the market value of your property.

These 19 tips will help you do your research when purchasing land from a real estate professional .

5. Close to the Acquisition

You have two options to close the deal: either you work with a title company/realty attorney or you do it yourself.

Property below $5k - Conduct your own title search to confirm a clear title chain and close an in-house cash transaction.

If you have property worth more than $10k, send your purchase agreement to a professional agent. They will handle all the paperwork.

If you have properties that are between $5k and $10k, consider the hybrid approach. You can order title insurance and close the transaction yourself.

This article explains how to conclude a land contract.

6. Let it shine

Many properties will require some work in order to look better.

It could be as easy as raking leaves, depending on where you live.

Others might need land clearing, such as removing stumps, clearing out weeds, or placing visible markers wherever a driveway may be.

Your goal is to help potential buyers see the potential of your property.

7. List, sell, and promote

What do you do with the property? You can sell them!

Different properties sell at different rates, so some properties will sell faster than others.

The quality of the listing as well as the desirable location of the property will have a significant impact on how quickly it sells.

Create a compelling property list.

Include great photos, a detailed description and, if possible, a video.

Post your property listing as often as you can.

Concentrate your efforts on the locations that have the highest traffic and/or most targeted audiences.

Your property should be priced competitively

It is also a great way to provide seller financing when possible.

This resource is a great way to learn.

8. Get Buyer Leads

You'll get a lot of responses to your listings if you post them online.

While many people aren't looking to buy, they feel the need to inquire.

Follow up on every email, text, phone call, or comment you make about your listing.

It is almost impossible to tell if someone is serious or not on the first contact. Therefore, it is crucial to keep in touch with everyone.

9. Close the Sale

There are many factors that can complicate the closing process, including the buyer, the property and the applicable state laws. It also depends on whether the property is being sold cash-for-cash or terms.

Once you have a buyer interested and they have verbally committed to the purchase, it is time to set a closing date.

It might be a good idea to have a title company handle the paperwork and closing, depending on the profit margin.

If the profit margin is lower, closing can be done in-house.

Once you have received your payment, simply sign the deed over to the buyer.

This article will answer all your questions about the lifecycle involved in land flipping.

Seller Financing

Although you don't need to offer seller financing, you can expect your properties will sell quicker and at a higher value while still generating passive income.

Seller finance can also help you make more long-term.

For more information, read these pros & cons of owner financing.

Chapter 7: Home Renovation

The Long, Long Game

There are no better ways to increase your ROI than renovating or upgrading your home.

You could see a significant increase in your selling price or you could just feel more fulfilled while you are there.

Selling is a potentially long-term process so we gave this method one (1) star in speed and half (0.5) stars for risk.

Improvements That Give You the Best ROI

Your home could be your biggest investment.

Your home's value could be affected if certain parts are outdated or need to be repaired or renovated.

Below is a list of home improvements that can increase the value of your house:

  • Install new siding to your home.
  • Install a new roof over your home.
  • You can improve small areas of your bathroom or kitchen by replacing countertops with granite.

You don't need to make huge investments to see a significant increase in value.

Chapter 8: Online Savings Account

Lifetime ROI

This is the most basic option, and without the higher interest rates offered by online accounts, it wouldn't be possible to achieve an ROI.

This isn't an investment because of the speed.

This rating was given zero stars because it takes so much time to achieve a double ROI.

We gave it zero stars for risk, as this is one the most safe ways to invest.

2-Step Savings

  1. Explore your options. You may find that online savings accounts offer better interest rates than local banks ( Here are the current rates. Check that the FDIC has insured the bank. You should carefully read the details about withdrawals. The last thing you want is to lose your money.
  2. Add money to the account that interests you.

Chapter 9: Invest in CDs

Singing is not required

A CD (certificate of Deposit) is one of today's most secure investments.

Your investment will grow a small percentage over time if you give it a certain amount of time.

This was a result of the technique described below. We gave it one (1) star for speed to ROI, and one (1) star because of risk.

1. Find the Right Institution

Both the FDIC and NCUA provide insurance for banks and credit unions.

You will be covered if you store your CD in an insured institution.

These 9 tips will help you choose the right CD account.

2. Choose the right term

You must decide how long you would like to keep your money in order to open a CD.

The longer your term, the higher the interest rate.

3. Select Your Type

There are many types of CDs. They are not all the same. You can choose the one that works best for your needs. Here are some options:

  • Traditional CD- You get a fixed interest rate for a set period. You can either withdraw your money at the end of the term or transfer it to another CD. A heavy penalty can be imposed if you withdraw before maturity.
  • Bump up CD- If rates on similar CDs rise in the investment period, you can swap your CD's rate for one that is higher. This type of CD is offered by most institutions. You can bump up your interest rate once and keep it for the rest of the original CDs' term.
  • Liquid CD- You can withdraw a portion of your deposit and not pay a penalty. Although the interest rate on this CD is usually lower than other accounts, it is still much higher than that in a money market account.
  • The zero-coupon CD-This type of CD doesn't pay annual interest. Instead, it re-invests the payments to earn interest on a larger total deposit. Although the interest rate is slightly lower than other CDs you will still owe taxes on the interest re-invested.
  • Callable CD- This type of CD is issued by banks that can recall it after a certain period. They will return your deposit and any interest owed. When interest rates drop significantly below what was initially offered, banks will do this. Banks typically offer this type of CD at a higher rate to make it more attractive. These accounts are usually offered by brokerages.
  • Brokered CD- A brokerage can offer any CD. Brokerages have access thousands of CDs from banks, online and offline. Because they compete nationally for depositors dollars, brokers will typically offer higher rates of interest than smaller and online banks. To purchase an account, however, you will need to pay a fee.

4. Review Rates

After you have decided on the type of CD you want and how long you want it to last, you can find out what rates are offered by different banks.

These are the top CD rates for 2022.

5. There are many options for collecting payments

When to collect interest payments

There are many options available to you when it comes time to collect your interest payments.

Your interest payments may be received monthly or annually.

After the term ends on your CD, you will get your initial investment back as well as your final interest payment.

6. Take into consideration laddering

CD investments have their drawbacks. However, laddering is one method to minimize them.

Laddering allows you to have regular access and protection against rising interest rates.

Laddering can be a lot easier than you might think.

Instead of investing your entire money in one CD, you can divide it into equal amounts and invest each one in CDs with varying terms.

There are a few benefits to laddering:

  • You have unlimited access to your money, without any penalty, each time a CD matures.
  • You will have access to higher interest rates because a portion of your investment is invested in a long-term CD.
  • You can get better returns if the interest rates are higher when reinvesting.

7. The CD can be funded

Find the best funding source that is right for you.

There are several options: online transfer, phone transfer or mail a check.

Chapter 10: Peer-to-Peer Lending

Easy Loan Money

P2P lending can be a great way of boosting capital and generating a great return on investment...

Partner with the right organizations.

The speed of potential return was rated at three (3) stars and the risk as a variable at three and a quarter (3.5) stars.

1. Register for a P2P account

You can open an account with a lender who offers P2P and deposit money into the account.

Choose a platform to register.

Fill out the following information to create a login account.

For verification, you will also need to submit self-attested copies and proof of address.

To start a financial transaction, you will need to create an investor account. You may also be required to pay a non-refundable registration fee.

2. Interest Rate

You can set the interest rate you would like to receive, or you can agree to one that is available.

The borrower's ability and credit score will determine the interest rate.

You can either set a rate that you want to receive or choose one that suits your comfort level.

What is the difference between Per to-per loan and Bank Loans

3. Proposal

Sending your proposal to borrowers is a good place to start.

An investor can pledge to lend money to one or more borrowers.

4. Verify Credentials

Once a commitment has been made, the borrower will need to be further verified.

This ensures that the borrower won't default on their payments.

After verification, the borrower and the lender sign a loan agreement.

Some P2P lending sites allow you to view documents of the borrower by paying a viewing charge.

5. Dispersal

Once the loan agreement is signed, loan dispersal starts.

An escrow account is used for both loan repayment and dispersal.

Lenders must fund the account in advance with the amount they want to invest.

Chapter 11: Mutual Funds

How to make money with all your friends?

Mutual Fund investing can be a great way to start investing if you're just starting out.

The speed of return was rated at one (1) star and the risk at one (2) stars.

Read on for our step-by-step guide to mutual fund investing.

1. You can either go with it or against it

You can decide if you want an active or passively managed mutual funds.

You should ask yourself this question when deciding whether you want to beat the market or copy it.

2. Calculate your Budget

You should be able to leave the money alone for no less than 5 years.

These are some additional questions that will help you calculate your budget.

  • What amount do I need in order to get started? To open an account with mutual fund providers, you will often need to have a minimum of $500 to invest. Brokers may not require a minimum account amount, but others might have a minimum of $500 or $3,000.
  • What is the best way to invest this money? Which fund mix is best for you? This decision is influenced by your age. You should look for investments that are more concerned with capital preservation than returns if you are near retirement. Younger investors can take more risks because they have more time to invest.

This tool will help calculate mutual fund expense ratios.

3. Research Fun with Mutual Funds

You will need a brokerage account to invest in stocks. Mutual funds offer you many options.

You have a 4019 (k) and you may already be investing in mutual funds.

You can also buy funds directly from the company who created them, such Vanguard and BlackRock Funds.

This third option is popular with investors. It involves buying online.

An advantage to buying online is the availability of a wide range of mutual funds from a variety of fund companies.

These are some things to keep in mind if you choose an online brokerage.

  • Affordability - Mutual fund investors may be subject to two types of fees: the brokerage account fee and the fund itself.
  • There may be a limited number of mutual funds available in retirement plans offered by employers. Realistically, you want more options. Brokers offer hundreds to thousands, if not all, of funds that are free-of-transaction fees.
  • Online brokerages for mutual funds offer many options for research and education. Before you invest your money, it is important that you find a broker who can help you understand the fund.
  • Easy to use - It is important to be able understand the website of a brokerage. You want to be comfortable with the experience.

4. Reduce your fees

It is always a good idea to reduce costs and fees related to funds as they can impact your returns over time.

You are generally looking for expenses ratios below 1%.

5. Choose a Diversified Portfolio

It is important to have funds for different investments.

There is no diversification if you have 5 funds that are all the same investment.

It's just like having a larger fund.

It is important to have funds for investments like stocks, bonds, and real estate. Rebalancing your portfolio every year is another way to diversify your portfolio.

If one of your investments has made great gains and now makes up a larger share of the pie you might think about selling some and investing in another to get back the balance.a

6. Locate a Family of Funds

Look for a company that can offer a range of funds that are suitable for your needs.

Directly with the fund company offering shares is the best way to open accounts.

It is easier to find a company that provides a family fund.

7. Invest and Monitor

Invest in a fund

Continue to monitor your fund to maintain balance.

After you've chosen a fund to invest in, your work isn't done.

To ensure that everything runs smoothly, you need to keep an eye on your finances.

Never forget that past performance does not guarantee future results.

Chapter 12: Domain Flipping

Big Names Make Big Bucks

If you are able to make a profit, domain flipping can be a lucrative investment.

You can make a small investment and turn it into a large profit by finding the right location with the right potential.

This method was given two and a quarter (2.5) stars for speed of return and two (2) stars to assess risk.

You can get a high ROI and minimal risk with the right plan and some luck.

1. Getting Started

Know your budget first.

As with any other investment, it is important to know your budget.

It is best to invest a small amount at first, and then increase your investment as you become more comfortable.

Second, choose a niche.

Domain flipping is a lucrative business venture.

It is crucial to have the right knowledge when searching for domain names.

You will be able to find potential buyers who are interested in your products and services by creating a niche.

2. Calculate the Value

Domain name flipping is all about determining the value of domain names.

This skill can be improved with a variety of tools:

  • Namebio maintains a record of over 500,000 domain sales. You can filter the domains using multiple categories. You will get your intuitions by looking through long enough.
  • The Domain Game is available for Android and IOS. It gives you a domain name and asks you to guess if it was sold for three, four or five figures. Correct answers earn you points, while incorrect answers cost you points. If you do this for long enough, your mind will begin to connect the dots.

3. Hot Keywords

You should ensure that your search for keywords is focused on buyers before you buy domain names.

You can find clues by choosing a domain name that has acceptable traffic. This would mean around 10,000 searches per month.

This can be done with tools like Google Keyword Planner or niche finding software.

This guide may be helpful for searching for keywords:

  • Generic names can be a great way to find new products or services. However, you should also consider copyright and trademark issues before using them.
  • It is possible to sell business names and geographic names, such as chiropractor Los Angeles.
  • Names that are timely and relevant to major events such as Wimbledon or the Olympics can be a great way to make a mark.
  • Web developers can sell geographic names that are related to cities and countries to help them start new businesses, communities or portals.

4. Due Diligence

  • Check out your backlink profile - Backlinks can be any website that "links to" the domain in question.
  • You can check email spam databases. To see if the domain is on any blacklists, you can search UltraTools. Although there are many ways to contest blacklist placements it might not be worth the effort.
  • Review Web Archive's version of the website - Check out the website's history. This can be very helpful for many reasons. This could be used to help you find a buyer by analysing the website's content. If the domain is being used for illegal purposes, it can signal that something is wrong.
  • Check DA/PA - The domain's "Domain Authority", and "Page Authority," are two indicators of a domain's ability rank in search engines. A domain with a higher average DA/PA will have a higher price. It is only one indicator of whether a domain will sell well.

5. Searching for Domain Names

  • Concentrate on local domain names - Use search engines GoDaddy or Namecheap to find domains that local businesses might be interested in.
  • You can search for domain names that are already in use. Domain names with high traffic should be chosen. You should also ensure that they have good backlinks, and a Google PageRank below 17 characters. Avoid domain names that contain special characters or numbers when you search for domains. They are less likely to sell.
  • Namecheap is a popular tool to find domains that match your keywords.
  • Do not limit your search to domains ending in ".com",.org, or.net. You can broaden your search to include domains with ".us", ".org", or ".net". However, you should ensure that you do your research with each one.

 6a. Buying New & Current Domain Names

  • Purchase a new domain name - While most generic domain names are taken, you might be able to get one that is not yet registered. Don't wait to buy a domain name that isn't already registered. Register it with the best domain registration company that you can find. This will make it easy to sell the domain to the interested parties.
  • Domains with page rank are worth buying. Even though domain names used previously by other businesses are often about to expire they can still be valuable if they have many backlinks and a ranking above five.

6b. Buying Expired Domain Names

You must renew your domain annually in order to keep it as yours.

Expired domains must go through multiple stages before they can be released. The process varies from registrar to registrar.

Because expired domains have a history, they are more valuable than new ones.

The domain's potential value is determined by its age, traffic, and SEO properties such as domain DA/PA.

While all of this sounds great, expired domain names should be carefully vetted and scrutinized.

These domains were used in the past and you don't know their history.

It is possible that the domain you are currently looking at has been removed from search engines. This could have been done to spam or for illegal purposes.

It is important to do your research.

ExpiredDomains.net is the most popular location to search for expired domains.

7. Create a portfolio

It is difficult to build a solid portfolio of domains. This could take months, or even years. But it is well worth the effort.

8. Mix Up Your Sales Strategies

  • If you don't want to sell domain names in a hurry, you can set a price. This strategy is best if you have a large portfolio.
  • Auction - You can sell your domain to anyone who bids. Sites like. Namecheap and GoDaddy follow the auction strategy.
  • Make an offer - If you own a niche domain you can make offers to potential buyers.

9. Never sell immediately

Domain flipping does not have to be about quick cash. Think of domain flipping more as an investment.

You may need to do extensive research before making a sale. It is better to wait several months or even years to make a sale.

Chapter 13: Rent and Rank Little Websites

Local Lead Generation Machine

This is the best way to double your income quickly, IMO!

We're so impressed that we gave it four and a quarter (4.5) stars to speed to ROI and two and half (2.5 stars) stars to risk.

This investment method has no joke.


This was my 2015 reading list.

I am stuck in a meaningless 9-5 and looking for ways to make more money on the side.

One day, I decided to quit.

This was what I found.

Since then, I have been working for myself. I build websites and rent them to local business owners.

I make about $2000 a month from this little tree service website.

Why?

It generates approximately 250 calls for my client.

It's actually been making me $2k per month since 2015.

This is why I believe this is the best way to double your $10k investment.

Other than the time required to research, build and rank the website... It is very affordable.

These two factors are what make this approach work and they won't be going away any time soon.

The Internet and small businesses

If you are able to generate leads, you can be paid directly by local businesses.

Our coaching program has over 5000 students who learn this business and create real income online by offering a real service.

To learn more on how to maximize your investments using this method, visit this page.


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