Lagos, Nigeria — Increasingly, Nigerians are seeking legitimate ways to earn in US Dollars as the value of the naira continues to decline, making traditional income sources less sustainable.
Experts point to domain flipping as a viable solution for those hoping to tap into the global digital economy without leaving the country or engaging in illegal ventures.
What Is Domain Flipping?
Domain flipping involves purchasing website names (domains) at low prices and reselling them later for profit—similar to buying land and selling it when demand rises. Some domains have fetched staggering amounts; for instance, Voice.com reportedly sold for $30 million, demonstrating the profitability of premium domain names.
Industry reports indicate that businesses in the United States and other advanced economies launch hundreds of thousands of companies monthly, all requiring domain names. Many are willing to pay thousands—or even millions—for names that align with their brand.
How Does It Work?
Nigerians can now access curated premium domain bundles through platforms like Galins, which offer packages starting from about $1,700 (₦2.5 million). These platforms provide marketing support through international teams, eliminating the need for participants to hunt for buyers themselves. Once a domain sells, earnings are paid directly in dollars.
Why It Matters Now
With the naira’s volatility and rising cost of living, earning in dollars presents a financial lifeline. The business is legal, globally recognized, and requires no technical expertise or coding skills.
Testimonials Reflect Growing Interest
Several Nigerians have reported significant gains. For instance, Kola, a Lagos-based fintech professional, disclosed selling two domains for $43,750 within months of starting. Amarachi, a new immigrant in Canada, sold one domain for $33,500 after three months, while Felix from Abuja reported earning $18,950 from a single sale.
Future Outlook
Experts assert that the industry is far from saturated, given the growing demand for domain names worldwide. As one million businesses reportedly register monthly in top-tier markets, domain flipping is expected to remain a profitable venture for years to come.
By Adeola Olaniya | August 23, 2025.
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