| I call this the domain guide for the noobs, because I am a noob!
Ok, we've all done it, bought a 100 domains because "we" think the
names we pick are going to make us millionaires within a week and "we" are
the only people who thought of buying and selling this way. Well guess
what, you're wrong, unless you happen to fall into a 3 char .com
domain for $50. Chances of that happening are NONE.
It all boils down to hard work and research. I've only been buying and
selling domains for approx 3 months BUT, what I have done is learned
all the way. If there is one thing everyone should do before even
buying their first domain is "ASK QUESTIONS". Ask yourself this, would
you buy a car without asking questions? The answer is NO, then why
don't you do the same with domains? This should happen with every
purchase and it doesn't matter if it's a domain or a dalmation, ask
ask ask! The more you ask the more you know.
Now you're asking yourself, what makes you such an expert on this?
Easy answer, I'm not an expert, I'm a noob! which is why I'm writing this
so that you won't make the mistakes going forward as a lot of people do.
When I first started just those few months ago, I reg'd everything I
thought looked cool. Yes they looked cool, to me, not to anyone else,
funny how that works huh. look around the forums first, look and see
what is selling and what isn't. Keep track of them, keep a journal if
you like or even a spreadsheet, but just keep track. All I'm trying to
do is help you get started the right way, not the wrong way.
If you want to make alot of money in this industry, treat it like a
multi-million dollar business right out of the gate. If you treat this
business as a quick $20 in your pocket every week, then guess what,
thats all you'll have. Now on that note, I am in no way saying spend
thousands of dollars on your domains. Spend what you can afford. I've
lost track of how many people I've come across on the boards saying,
"Need to sell this domain to pay bills", don't get yourself ever in
that situation because you'll never get out of it. Don't bid or offer
higher than what you have got in your bank or paypal etc. because to
do so will be your downfall.
Don't spend the proceeds from a sale before you have it physically because
hiccups and delays happen and the last thing you would want to be known
as is someone who doesn't pay when they should. So the quick rule here is
very simple, only spend what you can afford once all the bills are paid and don't
spend more than you have.
I hope this first part helps someone.
Part 2 is to follow soon... |
