As the global economy evolves, Nigerians are finding new ways to earn in dollars right from their homes. One growing opportunity is domain name trading—a business where individuals buy and resell website names for profit.
As an organization committed to truth and transparency, we recently investigated this emerging field and met Olumide Adedayo, a Nigerian who has made substantial earnings through domain flipping. His story offers a real-life glimpse into how ordinary people can profit from digital assets.
From Skepticism to Success
In March 2025, Olumide came across an online advertisement about earning dollars through domain investments. Initially skeptical, he assumed it was another “get-rich-quick” scheme. But curiosity led him to research further.
He discovered that companies in developed countries often spend thousands, sometimes millions, of dollars buying the right domain name for their businesses. Through this research, he came across Softbrite Domains, a Texas-based company that connects investors to premium domains.
After verifying the company’s legitimacy, Olumide decided to give it a try. Guided by his account manager, he purchased his first domain for $3,500.
The Turning Point
At first, Olumide listed his domain for $100,000, but the company advised a lower price to attract buyers. After adjusting to $45,000, he received several offers within months. Eventually, in July 2025, the domain sold for $61,000—after a 28% commission deduction.
Encouraged by his success, he acquired two more domains. One recently sold for $34,000, proving the business model’s long-term potential.
How the Business Works
Domain flipping involves buying valuable domain names at low prices and reselling them for profit. According to industry experts, platforms like Softbrite Domains operate as “discount clubs,” where members gain access to high-value domains not available to the public.
Like car auction dealers, these investors buy at wholesale rates and sell at premium prices. Many participants, including Olumide, have achieved remarkable financial breakthroughs through this system.
Our Findings
Our investigation confirms that domain trading, when done through credible channels, is legitimate and potentially profitable. However, it requires research, patience, and a willingness to take calculated risks.
While the economy remains challenging, opportunities still exist for Nigerians to earn sustainable income through online ventures like domain investing.
We are not compelling anyone to buy domains, but as Olumide’s story shows, success often comes to those who take action.
“The economy is tough,” he says, “but there are still legitimate ways to smile to the bank every day.”