Though similar to site flipping, domain flipping focuses more on the website URL than any other factor. Some people are exceptionally good at identifying up and coming trends, and they can quickly buy up a domain name for a trendy niche and sit on it! You might be one of those people, in which case your quick thinking and ability to recognize a trend will pay off. You may also purchase an existing domain based on a niche you believe to be profitable and build the website from there – and then flip it!