What not to do if you sign up/start to be involved in domaining

liquidcherry · May 30, 2008

Hi everybody,

I feel like with NP going much more viral, having more and more signups everyday because of more exposure, it is time to give a very crucial advice to newbies what they should avoid doing, what is a big NO NO as newbie....

#1:

Don't register domain names what are names of big companies....even they drop, even they are available or they are in other tld's or typos of it...you are asking for big problems...

Waiting for your contribs fellas.....

Cheers,

Frank

P.S: if there is a similar thread, Mods please merge it

Kenny · May 30, 2008

Read this:
http://www.namepros.com/domain-name-discussion/474483-earning.html

raredn.com · May 30, 2008

Reece said:
:lol:
My apologies in advance for this harsh wording that precedes and follows but the point needs to get across because newbies like to think they're better, faster, smarter, more original/creative/unique than the 6 Billion other people out there.

You my friend Mr. Newbie, are not. Take Mellowmasher's advice, read, read, and read. Just when you think you're ready to reg a name, forget that thought and read some more :D

LOL

You are on fire today Reece! :lol:

liquidcherry · May 30, 2008

thx cyb, great article..i just think when a "newbie" signs up he should be redirected/gets this in the first place, they need to be educated....that's why i created this thread

Cheers

frank

-REECE- · May 30, 2008

Another great read located here: http://www.namepros.com/domain-name-discussion/335728-sharing-some-tips.html

liquidcherry said:
thx cyb, great article..i just think when a "newbie" signs up he should be redirected/gets this in the first place, they need to be educated....that's why i created this thread

Cheers

frank

Time for another suggestion: Newbies, COM is your GOD. To abandon King COM is to abandon YOUR GOD. (no offense to atheists and agnostics intended!)

Seriously newbies, you abandon COM at your own peril. Don't even think for a second you have the knowledge or experience to invest intelligently in a speculative extension -- because you don't. And 6 months from now you'll be the first one crying foul if you disregard this advice.

Keral_Patel · May 30, 2008

Reece said:
Time for another suggestion: Newbies, COM is your GOD. To abandon King COM is to abandon YOUR GOD. (no offense to atheists and agnostics intended!)

100% True :D

.tv · May 30, 2008

Limit the number of new registrations for at least a full-year before you learn the basics, this could save you a lot!

Instead of newly registering a dozen of junks, look for a single & decent domain name in aftermarket.

-REECE- · May 30, 2008

Word.

A newbie regging 10+ names per day keeps senior members laughing away. 8^X

.tv said:
Limit the number of new registrations for at least a full-year before you learn the basics, this could save you a lot!

Instead of newly registering a dozen of junks, look for a single & decent domain name in aftermarket.

Sleepys · May 30, 2008

Don't buy a name based on traffic estimates of one of the auction houses (ahem TDNAM and Sedo). Create your own traffic estimate.

Reece said:
:lol:

If you're a newbie, don't reg anything that's available. There's a 99% chance you're too uneducated to register anything worthy of being resold.

If you are a newbie, you can still register names, just do your research and make sure you are registering that name for the same reasons that the pros register names.

-REECE- · May 30, 2008

From what I've seen, most newbies need to be educated on what the word research means. Most pros don't handreg -- much more money in the aftermarket

Sleepys said:
Don't buy a name based on traffic estimates of one of the auction houses (ahem TDNAM and Sedo). Create your own traffic estimate.

If you are a newbie, you can still register names, just do your research and make sure you are registering that name for the same reasons that the pros register names.

Sleepys · May 30, 2008

Reece said:
From what I've seen, most newbies need to be educated on what the word research means. Most pros don't handreg -- much more money in the aftermarket

That is true. I am just saying that it is possible to research enough to register good names. If a newbie does enough research to know what a good handreg is, does that make them no longer a newb?

A question for the ages. I agree that most pros don't handreg and only look at the aftermarket, but that is partially because they are lazy. I could easily handreg maybe 5 names a day that are profitable (not just valuable to me, but profitably parked). It takes ingenuity and knowing what to reg.

Ross · May 30, 2008

Recent sales are very very important, they will help you determine the value of the market.

Http://www.namebio.com :hearts:

Also read Rick Latona's articles on "What make a domain Sellable"

http://www.ricklatona.com/2008/05/09/what-makes-a-domain-sellable/

Read all 4 sections, it makes sense and should make you think twice before your purchases.

mwzd · May 31, 2008

Buy 1 great name, as against 100 so-so ones.

Its easier to manage.

Not to mention, cheaper to renew!

JMJ · May 31, 2008

DomainRaiders.com said:
Not only should you not pay for an appraisal, you should ignore every appraisal you ever see unless it was from the NP Appraisal section.

I would ignore those too.

DiggleNamer · May 31, 2008

JMJ said:
I would ignore those too.

Remember your domain is only worth its income generating potential + the price it can secure at exit.

As this thread has stated - dont trust the traffic stats of others, and dont rely on appraisals to estimate exit value. So how the heck do you do it?

You have to develp the skills to estimate what generates incomes, and how much, and what buyers will pay for your domains in the future. These are skills that I do not have, and for that reason after three months of researching this business I am going to keep studying before investing in this industry. I would advise others to do the same.

In a young, growing, changing industry the most valuable asset you can have is knowledge - once you have that you can apply it to making money.

And remember - I am a nube so this could all be wrong! Study for yourself, apply your knowledge, and let me know if you find out how to make money!

Rebies · May 31, 2008

If you really want to make it big - don't listen to what the others say. If everyone is doing it - you are going to have a hard time competing as well. When people are not doing it - you have a market with little competition. Make sure you diversify and don't make any one investment too big for you to handle. Just like any portfolio - be diverse and learn OVER TIME what you are good at, then focus more on that niche. Remember, renewals will HIT YOU HARD 1 year later. Be prepared for that.

orphis · May 31, 2008

Never ever ever reg names while drunk. Can make for an expensive night!

If hand regging, focus on geo or trends that have not really started yet. Example would be palladium ring domains. The trend now is platinum but palladium is gaining popularity with high platinum costs and might be some good names still left to handreg. Example might not be a good one, but you get the point.

Watch-out for sites with high traffic that is tied to recent media events and will not continue.

Sam · May 31, 2008

Reece said:
Another great read located here: http://www.namepros.com/domain-name-discussion/335728-sharing-some-tips.html

Time for another suggestion: Newbies, COM is your GOD. To abandon King COM is to abandon YOUR GOD. (no offense to atheists and agnostics intended!)

Seriously newbies, you abandon COM at your own peril. Don't even think for a second you have the knowledge or experience to invest intelligently in a speculative extension -- because you don't. And 6 months from now you'll be the first one crying foul if you disregard this advice.

dont abandon your home TLD, .com if american.

liquidcherry · Jun 2, 2008

hey there,

I just feel like to bump.....any mod wants to sticky this important thread?

Cheers,

Frank

netfleet · Jun 2, 2008

Reece said:
Time for another suggestion: Newbies, COM is your GOD. To abandon King COM is to abandon YOUR GOD. (no offense to atheists and agnostics intended!)

Seriously newbies, you abandon COM at your own peril. Don't even think for a second you have the knowledge or experience to invest intelligently in a speculative extension -- because you don't. And 6 months from now you'll be the first one crying foul if you disregard this advice.

My advice for newbies is actually the precise opposite of above.

Newbies, don't invest in COM!! Reason being it's too competitive & growth is nearly exhausted (although the latter is just IMHO). However there's no denying that domainers in COM are experienced, seasoned veterans with whom you would struggle to compete.

So again, contrary to above, seek the new extensions, cc-TLD's, areas in which the competition might not have such a headstart.

Of course echoing all the comments here about researching, reading, learning & being conservative to start with.

-REECE- · Jun 2, 2008

Plenty of aftermarket opportunities for newbies still exist in .com, assuming they're not coming into domaining flat broke. Several domainers on this board (including me) have made 1000%+ ROI over the last couple years in .com. Compare that to the measly sub-100% ROI I've made in .info, .org, .net, and the negative return I've made on .mobi...

Stick with .com -- aftermarket .coms

netfleet said:
My advice for newbies is actually the precise opposite of above.

Newbies, don't invest in COM!! Reason being it's too competitive & growth is nearly exhausted (although the latter is just IMHO). However there's no denying that domainers in COM are experienced, seasoned veterans with whom you would struggle to compete.

So again, contrary to above, seek the new extensions, cc-TLD's, areas in which the competition might not have such a headstart.

Of course echoing all the comments here about researching, reading, learning & being conservative to start with.

What not to do if you sign up/start to be involved in domaining

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