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| Domain Name Discussion The place for general domain name related discussions. |
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| | THREAD STARTER #1 (permalink) |
| Domain Seller & Expert Join Date: Aug 2005 Location: San Diego, CA, USA
Posts: 3,767
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | When is it okay to take a huge leap? I'm not talking about for instance getting a name that you can easily afford or even barely afford. I'm talking about figuring out a way to get a name you pretty much CAN'T afford because you are SO SURE of its potential for resale or development. It's safe to say we all sometimes see names way outside our limits and go "man, if I had the money, I'd get that in a heartbeat". So I guess the question is, what if you could via credit/loans/VC/quick sales of your domains/etc. get that money to get that name and while you'd have to put up with maybe some fiscal discomfort or possible regret of quick sales or whatnot for a while, you'd have this amazing name that would either net you an amazing quick profit OR be the foundation for a successful developed website you want to make. How would YOU determine whether or not to make that leap? ????: NamePros.com http://www.namepros.com/domain-name-discussion/370674-when-is-okay-take-huge-leap.html It's one thing if it was a million dollar name and you didn't even have $100,000 total in money and liquid value in your domains because that's pretty much a pipe dream, but what if you had $100k total in money and liquid value in your domains and were eyeing a $150k - $200k domain?
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| | #2 (permalink) |
| NamePros Expert ![]() Join Date: Jan 2006
Posts: 7,307
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | Interesting thoughts. I did this on a MUCH smaller scale about a year ago. Spent 12K on a domain which is still languishing in my account with little traffic. I think I made a mistake. If you are spending that kind of money, then I'm not so sure you could make a quick flip. You'd probably need to develop the domain (more money) and hold. |
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| | THREAD STARTER #3 (permalink) | ||||
| Domain Seller & Expert Join Date: Aug 2005 Location: San Diego, CA, USA
Posts: 3,767
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__________________ NEW: May $99 domain sale with over 800 discounted domains! Want to learn how to earn a living with domains without the years of trial and error? ------> Attend our Domain Boot Camp live 2-day workshop! <------ Join our Doma.in Newsletter for discounted domains and training! | Twitter | Facebook
Last edited by Domainate.com; 09-06-2007 at 12:13 PM.
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| | #4 (permalink) |
| NamePros Expert Join Date: Sep 2006 Location: Carlsbad, CA
Posts: 7,848
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | Steve, I hear your plight, and am experiencing something on the same level. I dont have the capital or the stability to attack a $100,000 + domain name, however I am looking at targeting a low xx,xxx domain name. I took out a loan (thanks to good credit!) and extended the payments out to the max, giving me nice expendable capital, with a very small monthly payment. My hope, to acquire a domain name that generates at min, the same amount of rev per month, it is costing for the loan.... Justin
__________________ Read my Blog! NameBio.com - Search The Domain Sales Index Buying LLLL.com's ending in "CA" |
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| | #7 (permalink) |
| Senior Member Join Date: Feb 2007 Location: Australia
Posts: 3,043
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | I think you need to have the guts to pull off the huge leap in the first place. you shouldn't go in full speed but you should have 85%+ confidences that this is the right move and be able to live it tough. Personally i'd buy a big revenue name and hold onto it and then sell it and look into another or afew more names. You got to make sure you can cover it if something goes wrong though. you don't want to be left trying to scrap up pennies to pay the bills for the month. Its all about planning and making sure you got a back-up plan
__________________ Ex-NamePros Moderator. |
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| | #8 (permalink) | ||||
| Senior Member Join Date: Jul 2007
Posts: 1,381
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| | #9 (permalink) |
| Be Happy... Don't Worry ![]() Join Date: Jul 2005 Location: UK
Posts: 16,245
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | Ok first off Steve Ive seen your posts around and your comments and... nobody knows everthing but you appear to have a solid knowledge and good gut feeling about the domain world.. I have got a feeling that if you are not already a profitable full time domainer, ... you will be |
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| | #10 (permalink) | ||||
| Senior Member Join Date: Feb 2007 Location: Australia
Posts: 3,043
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__________________ Ex-NamePros Moderator. | ||||
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| | #11 (permalink) |
| NamePros Member Join Date: May 2007
Posts: 48
![]() | My 2c: With the rapid appreciation of domain names we see these days (and have seen for several years) you can't go wrong. Now or never. In ten, fifteen years the 100%+ yearly appreciation may be over. If it won't mean financial problems on a day-to-day basis and if you have a foundation (income from parked / developed websites) you can fall back upon, don't hesitate. |
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| | #14 (permalink) |
| Senior Member Join Date: Apr 2005 Location: Canada
Posts: 990
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | Or take on a partner
__________________ Domainate.com - coming soon :) |
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| | #15 (permalink) |
| NamePros Expert Join Date: Jan 2005 Location: Smalltown USA
Posts: 5,032
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | Cash flow kills more businesses than one can count. Key thing is not to get to a point where one event, such as an unplanned medical bill, accident, etc., can disrupt your cash flow and knock the dominoes over. It's okay to take sane chances, but save enough bucks back to cover 'issues'.
__________________ "I'm so mean I make MEDICINE sick." -Muhammad Ali |
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| | THREAD STARTER #16 (permalink) | ||||
| Domain Seller & Expert Join Date: Aug 2005 Location: San Diego, CA, USA
Posts: 3,767
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Have been living in the new place for a few months now and the money down helped me get a ridiculously good loan on it.????: NamePros.com http://www.namepros.com/showthread.php?t=370674 I guess the tough part about getting increasingly more expensive names is that it's being part of the mix on them vs. being on the sidelines. It's easy to say that I've seen how they do in sales and whatnot and would KNOW when something is too good to pass up, but I haven't dealt with 6+ figure names, so there's that added risk. That market is wholly different than low 5-figure and lower. Like JP said, the market is greatly limited by the level of money.
__________________ NEW: May $99 domain sale with over 800 discounted domains! Want to learn how to earn a living with domains without the years of trial and error? ------> Attend our Domain Boot Camp live 2-day workshop! <------ Join our Doma.in Newsletter for discounted domains and training! | Twitter | Facebook | ||||
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| | #17 (permalink) |
| NamePros Regular Join Date: Aug 2007
Posts: 580
![]() ![]() ![]() | Nametrader, I know this might be weird for you since we don't know eachother, but I do have the capital to invest, and would consider going halves or even 60/40 if you have any interest. Of course I'd need to know the domain name. Pm me if you have any interest at all. |
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| | #18 (permalink) |
| Senior Member Join Date: Apr 2006
Posts: 2,299
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | Do you really think the % ROI is much better for this name than for smaller price names that you can buy without disrupting so much? Leverage and: "you can't go wrong. Now or never. In ten, fifteen years the 100%+ yearly appreciation may be over." thinking are signs of a bubble. I have not seen a lot of that up to now, but it is a concern. A year from now I bet you could buy at this level with stability. |
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| | #19 (permalink) | ||||
| Senior Member Join Date: Sep 2005 Location: Goblin Wars Zone & California
Posts: 4,471
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | this is a good question. I would think the mid-level names are better than high-priced ones.
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| | #20 (permalink) | ||||
| NamePros Expert Join Date: Sep 2006 Location: Carlsbad, CA
Posts: 7,848
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__________________ Read my Blog! NameBio.com - Search The Domain Sales Index Buying LLLL.com's ending in "CA" | ||||
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| | #21 (permalink) |
| Senior Member Join Date: Feb 2006
Posts: 2,714
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | Steve, with that kind of money involved the development angle is very important, the monetization aspect and the growth of the website to attract direct advertisement deals and affiliate program options, some sort of way to maximize the monetization aspect of a domain that would cost you that kind of money. With the right domain, the right development strategy and most importantly the right niche you can generate a instant online cash machine as traffic is already rolling in, potent traffic may i ad because of the type-ins. Personally i wouldn't buy a domain for that kind of money to park it and wait it out to have it appreciate it in value, grow a business on it. Not saying that would be your final strategy, but just saying you know better to develop the domain and receive residual income that has the potential to grow to something that can help you build a business around that domain alone. |
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| | #22 (permalink) | ||||
| Yup. It's cold. Join Date: Jul 2005 Location: Alaska
Posts: 2,785
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__________________ When in doubt, do the unexpected. | ||||
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| | #23 (permalink) |
| Senior Member Join Date: Jan 2007
Posts: 1,524
![]() ![]() ![]() ![]() ![]() | An interesting problem to have - I'm still trying to work out where to sell domain names in the first place ! I've got names listed with Afternic and Sedo and parked with a coupe of parking cos. bu so far no-one has shown any interest in any of them ! It seems to me you need a lot of patience in this domain name game.
__________________ Best Selling Ebooks * Stocks and Shares * Radley Bags * Chronographs * Cameras Under $300 * How to Trade Stocks Online * Netbooksfor Kids * Geiger Counter Kits * Machetes |
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| | #24 (permalink) | ||||
| First Time Poster ! Join Date: Apr 2005 Location: GB
Posts: 6,877
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????: NamePros.com http://www.namepros.com/showthread.php?t=370674 The majority of guys that are spending $100,000+ on domains are very likely not even coming close to spending their yearly interest, they can comfortably afford to wait many years to sell if thats what it takes. A totally different league of investors ! Yes, take big gambles but don't gamble with your livelyhood, money is only money - money does not = happiness. JMO - Good luck in whatever you decide to do. . | ||||
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| | #25 (permalink) |
| Senior Member Join Date: Jul 2007 Location: Jaipur, India
Posts: 3,101
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | Steve, I was looking at the .in sales at DnSalePrice.com, and Poker.in showed up at around $2500 in 2005. I think most people here know that you eventually sold it for $60,000. To me, that is a huge profit. What other business can give you such good results? Personally, i would be willing to smash the piggy bank and buy a good name that will guarantee me a good return. Even though I've never bought a domain above low xxx figures (I'm a newbie. And a college student..), if someone had offered me Poker.in for $2000 two years back, I would've taken out loans, asked for money from friends, survived on Ramen for 2 years because my foresight would've told me that it'll be a good ROI ????: NamePros.com http://www.namepros.com/showthread.php?t=370674 Once I have some more capital, I do plan to take out a loan and purchase a LLL.com Btw, I think most of you've read this before, but this email serves as only a reminder that it is possible to make huge ROI within months: http://www.conceptualist.com/?p=313 |
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