NameSilo
Ali Zandi

It's never too late...

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By Ali Zandi, May 13, 2015
  1. Ali

    Ali Top Member Starfire Holdings PRO VIP Trusted Contest Holder

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    …to become a domain name investor.

    “It’s too late! All the good names are taken!”

    Sadly, because of that single thought, a lot of would be investors are turned off and leave the industry before ever giving it a chance. Others try it, lose money and give up. I’m here to remind you that it’s never too late. It is still very possible to become a profitable domain name investor. As long as you are willing to learn the business first.

    Many of us started the same way, by hand registering a bunch of pigeon s$#% and trying to pass it off as valuable… only to get a very expensive education topped with a rude awakening. So let me help you a little bit and guide you in a positive direction. I will share a few of the most important reads, videos, and pieces of content that snapped me out of my lottery ticket daydreams and put me on the track to becoming a profitable, full time domain name investor.

    (This list is in no particular order)

    1. DomainSherpa.com - This website is incredible! Michael Cyger is truly an inspiration! He dedicates his time to providing unbiased, authoritative, and insightful information straight from leaders of our industry. The content is impeccable and if you haven't already watched every single video on DS, you are missing out on a whole slew of information! Here are the top 3 videos that helped me:
    2. RicksBlog.com - This one is a must read. If you haven't studied this man's approach to domain name investing, then you will never truly understand the industry. The man isn't nicknamed The Domain King for no reason. He is the legend. Here are my top 3 posts from his blog:
    3. DNJournal.com - While the posts on DNJournal are incredibly valuable, I learned the most from another portion of their site. Their Weekly and YTD Sales Charts! If you don't keep up to date with every single domain name sale, how are you planning on building your uncanny valuation instincts? You have to know the state of the market and the up to date performance of every type of domain name in order to become and stay a profitable domain investor!

    4. NamePros.com - Want a free education? You are in the right place. There is a massive wealth of knowledge in this community. Have you scoured through the thousands of threads on this forum? Any question you may have can surely be answered on NamePros! There is a reason the tagline "Grow your network - Grow your net worth!" is so popular! Because it's true! You cannot reach your maximum potential without becoming a notable member of your community. NamePros is the biggest domain name forum and there is good reason for it!

    5. Books. Here is a list of my top three must reads! They are a blend of metaphysical, factual and down right science! Take it from me, they work! Open your mind, free yourself and learn from these brilliant authors:
    • "The Science of Getting Rich" - Wallace D Wattles.
    • "Zig Ziglar's Secrets of Closing the Sale" - By Zig Ziglar
    • "Little Red Book of Selling: 12.5 Principles of Sales Greatness" - By Jeffrey Gitomer
    I offer you my advice from my own experience. I don't claim to be an expert or a guru. This is merely a genuine reference to the most important elements of my educational foundation. After I went on my initial hand registering frenzy, I learned very quickly that I had no idea what I was doing. I had to learn as much as I could before ever spending another dollar buying domain names. I put down my wallet and began to dive further into the industry. I learned that domain name investing was not only a science but something like digital surgery... and I cannot perform surgery without the proper education, experience, and tools. Thousands of words, hundreds of videos and a year or so later, I am making a living investing in domain names. If I can do it, then it is truly never too late for anyone!

    Just remember, we are all equally responsible for creating and increasing the value of our industry. The more educated we all are, the more valuable our industry becomes. The more valuable our industry becomes, the more valuable our domain names will become and the more successful we can all be!
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
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  4. Ali

    About The Author — Ali Zandi

    Ali Zandi is located in Big Island, HI and has been a registered member of NamePros since Mar 31, 2015 with 417 followers and 1,452 posts. From those posts, 314 members have been thankful for them and 827 members have liked them.

    This is Ali Zandi's 2nd blog post on NamePros. View all blog posts

    Home Page:
    https://www.starfireholdings.com
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  5. Comments (72)

  6. Nazz

    Nazz Top Member PRO VIP

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    Well said Ali.

    "What you put in, is what you get out".
     
  7. GameOfBones

    GameOfBones Established Member

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    How much money have you made? Divide it by the number of hours you've put in.

    That's the real question.
     
  8. AnthonyD

    AnthonyD Optimal Names VIP

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  9. Ali

    Ali Top Member Starfire Holdings PRO VIP Trusted Contest Holder

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    Indeed you do my friend!

    Thank you!

    I would work twice the hours to make the money i've made in the last year... and still be happy.
     
  10. xull

    xull Established Member

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    Nice post! Thansk alot Ali
     
  11. Doron Vermaat

    Doron Vermaat Co-founder, Efty Efty Staff PRO VIP ICA Member

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    Great post Ali. One of my favourites quotes is a Chinese proverb meaning “The best time to plant a tree was 20 years ago. The second best time is now" so I can't agree more with the title of your post.

    Some people should just grow trees instead of investing in domain names tho. I'm pretty sure the majority of those that give domaining a try end up loosing money (especially with the new gTLDs imo) . Even with all the right info (sources recommended by you) some people just don't have the creativity and salesmanship in them that you need to be a profitable namer/domainer.
     
  12. NamePrime

    NamePrime The Godfather VIP

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    Great post! I like the references you posted above, especially domainsherpa.
     
  13. Ali

    Ali Top Member Starfire Holdings PRO VIP Trusted Contest Holder

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    Thanks! I love that proverb! :D
    I'm a firm believer that those who fail have only themselves to blame.
     
  14. NameFit

    NameFit NameFit.com - Right Name, Right Price

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    Great post. Sadly enough, the forums are full of 'get rich quick' schemes. As @dv82 said, many do not have creativity, craftsmanship, and I will add above all 'patience'. Advise to new people joining the forums is that do not get swayed by mind boggling numbers, thousands and thousands $$$'s of sales within few months. What you will NOT see on these forums are the 'proven models' - the sales of the names that have held by owners for 10+ years and have resulted in steady income.
     
  15. Ali

    Ali Top Member Starfire Holdings PRO VIP Trusted Contest Holder

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    I agree! That is a great point. There is a lot of get rich quick "marketing" hanging around. Domain investing is not a get rich quick endeavor. It takes a ton of patience!
     
  16. Ali

    Ali Top Member Starfire Holdings PRO VIP Trusted Contest Holder

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    DomainSherpa is a priceless asset to my career!
     
  17. NamePrime

    NamePrime The Godfather VIP

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    'Get rich quick' motto is what have gotten most people to try domaining. Heck, that's what have gotten me here! But after spending some $$$ I realized that it's not the case. I've been stubborn way back then, registering crappy domains I know I shouldn't (based on "domain veterans" advice on forums, blogs and sites). Maybe sometimes, we need to experience failure ourselves first to wake up to the reality. I remembered spending $1k+ on without a single sale. I've made a lot of $1 sales thread here because of my stubbornness. But now, slowly but surely I'm gaining confidence. Thanks mainly to domainSherpa , namepros and DNF I'm creeping up to the positive side.

    Total money spent: 3535.14
    Total sales: 7909.01

    I'm still dreaming of the day I become an owner of a "real" premium domain :)

    Yep! Especially Adam's videos and portfolio reviews.
     
  18. McDuke

    McDuke Top Contributor VIP

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    Nice post P!

    One thing i have over looked is to read Ricks blog, i have seen most of his interviews. thx for the heads up!

    One thing I can add that really helped me out early on was to read all the info on trademark law i could find, watching urdp sessions etc. Also a couple kicks in the a55 from experience domainers has helped too!

    I like that you mentioned Zig. One thing i do recommend it to listen to Terry O'reilly's radio episodes of "The Art of Persuasion" and "Under The Influence" Great historical advertizing and marketing stories for all the major brands. It has helped me understand an end users goals / wants.

    In time I'll be a domainer. :D
     
  19. Ali

    Ali Top Member Starfire Holdings PRO VIP Trusted Contest Holder

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    You know, that's why I dropped like $2k on my first bundle of crap! Using a silly valuation tool that got me way too excited about domains! :) Haha! Only to find out they were complete and utter crap!

    Great points! Trademark & UDRP information is priceless! Far too often I see peopel completely disregarding any laws and registering exact trademarks!

    Zig is the man! There are so many other incredible human beings to learn from! Those are just a few of my favorites :) Thanks for the Terry O'reilly referall, i'll check it out!
     
  20. kawalsukhi

    kawalsukhi Top Contributor VIP

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    Ultimate post!
    All things under one article!
    Steps "Must follow" for real domainer!
     
  21. Domainzy

    Domainzy Retired VIP

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    Really nice post, However I doubt you can see this compliment....because you might have ignored me when you went threw your [removed] phase and you started ignoring tons of people for the smallest reason.
     
    Last edited by a moderator: May 13, 2015
  22. Ali

    Ali Top Member Starfire Holdings PRO VIP Trusted Contest Holder

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    Thanks my friend!

    "If I turn into another
    Dig me up from under what is covering
    The better part of me"

    Thank you for your compliment! :xf.wink:
     
  23. tik5

    tik5 Established Member

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    Thanks for the great post Ali.

    When I stumbled upon your listings in Flippa a few months back, I thought you were cruising down the "cashvertising" highway....turns out it was Zig Ziglar :)
     
  24. Ali

    Ali Top Member Starfire Holdings PRO VIP Trusted Contest Holder

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    Haha! Yup! The one and only Zig! :)
     
  25. bonin

    bonin DNCbrands.com VIP

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    Thanks for this useful post, I'm on the train now, let's see where this train will take me :?:
     
  26. MillionDollarDomain

    MillionDollarDomain Top Contributor VIP

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    Excellent post Ali, From time to time you prove that you are ready to give back something to this domaining community.. That's the art of successful people..!! Cheers
     
  27. greatescape

    greatescape Established Member

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    It's not that easy.

    I have a 4-5 hundred domains names and haven't managed to sell much.

    You're talking about patience. But it takes money to have patience. It's a gamble.
    You can't renew hundreds of domains indefinitely, in the hopes of MAYBE selling one for a lot of money.

    The truth is, most people are too late. The good names ARE taken or they cost a lot to purchase ($10k+).

    I am sure I have domain names with potential, but waiting for the right buyer takes time, and you have to renew the domains until he comes..
     
  28. NameFit

    NameFit NameFit.com - Right Name, Right Price

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    I think everyone needs a strategy, there are risks involved in every type of business. I had a recent post in the listing out the strategy that has 'worked' for me.

    https://www.namepros.com/threads/ho...-marketplace-or-own-site.857905/#post-4857976

    There is lot more than just 'intrinsic' value of the name - like planning/marketing/sales channels/negotiations that form the strategy but quintessential for a name is 'quality'. For any name, there are hundreds and even thousands of alternatives, but good alternatives are only couple.
     
  29. Edward Smeu

    Edward Smeu Top Member PRO VIP

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    Great stuff from a great, hard-working guy! Just a post of appreciation.
     
biix
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