Is Domain Flipping a Good Income Strategy?

Today's question comes from AJ, who asks about domain flipping (the buying and reselling of domain names). Is it a good income strategy? In this episode I talk about a principle Nicole Dean shared with me in Smart Passive Income Episode 009 (http://www.smartpassiveincome.com/spi-009-make-money-by-making-the-web-a-more-wonderful-place-with-nicole-dean/). I also discuss flipping websites using Flippa (https://flippa.com/) and my friend Chris Guthrie who has done this successfully (http://upfuel.com/). I tried this once with http://beginnergolftips.com/. Do you have a question about income strategies you've read about online? Record it at http://www.askpat.com/. Today's sponsor is Freshbooks. Go to http://www.GetFreshBooks.com and enter "Ask Pat" for more information. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.