I like domain flipping because the ongoing costs are fairly low compared to many other online businesses. As long as you're selective, it can be an affordable hobby or side business.
 
My advice would be to treat every domain purchase like an investment. If you wouldn't confidently explain why you bought it, you probably shouldn't buy it.
 
I spent more time watching experienced domain investors than actually buying domains during my first month. Looking back, that was probably one of my smartest decisions.
 
The hardest part for me wasn't buying domains—it was learning how to price them realistically. Finding the balance between profit and attracting buyers takes practice.
 
I think domain flipping is a marathon, not a sprint. Small, consistent progress is much more realistic than expecting overnight success.
 
One lesson I learned is that not every good-looking domain has commercial value. The real question is whether someone would actually spend money to own it.
 
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