I hand reg 99% of my names, go through expiring lists almost 7 days a week (putting some parameters help weed out some of the garbage names).
If you're not passionate about it, you'll drive yourself crazy.
And a quick note, one of my best friends yesterday who's very successful in another field in business, he gave me advice which I had thought of but never fully committed too in the past (especially applies to brandables) : If you get an offer that is decent, even if you believe you can get more, JUST SELL IT and move on. Major fortunes are done through volume! If you have 75% of the asking price you have in mind offered to you, most of the time, don't risk that 75% to get 25% more. SELL IT AND MOVE ON. (If I would've I can say in the last 2 months I would've made easily another 2 to 2.5k).
You'll be surprised how sometimes a 300-400$ sale can motivate you once the sale is finalized, even if you thought you could get 1k from that name.
Makes a lot of sense. Appreciate the tips.
Yes, agreed. When a respectable offer comes along and you are looking for cash flow, sell it and re up on better names that you could sell for possibly higher multiples.
Thanks for the advice!
Omar, in your vid, you mentioned mentoring and not getting replies.
It's interesting as a few years a go, I connected with a very well known domainer (No, not Dicker, lol) and he offered to mentor me. I was stoked! With cash to invest, I was ready to start a new venture.
But, all I received was an little email piece of advice and then loss of communication? I know the domainer was busy with other ventures, but I was gutted and demoralised by it all. So, I gritted up and kept going.
As, with non-sales messages sent to domainers regarding positive feedback or otherwise, that receive a non-reply; is just plain bad manners.
The one that I found the most amusing, was sent last year to blogger regarding his website's blog posts not supporting any social media sharing. All done pleasantly and for his benefit! I received a no-reply, and lo and behold his site soon had social media shares! voila!
So I became even more critical of these so called 'hub of experts' in the domain industry.
Communication is a powerful tool. With my part-time job as a nurse, communication is the pillar of my work.
Omar, I know things will work out differently for you with Abdul, he seems like a real genuine guy. Good luck!
Yep, I know what you mean. Sometimes it sucks when you write someone even to thank them and they don't get back to you. But that's how the internet works. Not everyone needs to reply to their emails but the ones who do and seem genuine, a good relationship could be built there.
I could be guilty of this also (but I DO try my best to answer every question, email, private message within reasonable time).
Thanks for the comment!
Thank you very much Omar, you have said the facts about the business and nothing but the facts.
But however domaining is adictive and not easy for any one to just quit so easy; if you are addicted and deep into it.
thanks for sharing!
This is so true. Finding diamonds in the Rough is hard work so do not use too many filters.
This is great advice. Sometimes domainers can be a little too ambitious in their pricing. As the post says just try and keep your inventory moving as this will motivate you when looking for new names.
This is very candid and helpful post for new domainers - I've bought many and sold few. And you will be stuck with the renewal fees and also responsible for maintaining website and traffic unless you are a known seller and you can sell the domains quick. I also think it's harder as the new extensions are coming out.
I personally think it's really important to stay with a project and if something comes to mind go for it.
Trial and error and keep those top domains/ideas and keep at it. We are not here to quit but to learn and make a successful business. I listed in free ads and usually register business domains that will be of interest.
Then we have the issue of parking and this can decrease the value of a business domain.
I have never been the amazing sales person that some people have the nack for it, so ask yourself also if you have the ability to sell OR to develop your ideas to fruition. Unless you let domains go cheap and view it as profit it's hard to let go of your babies -but you have to look at it as a business. And reserve the oldest domains and the ones you can personally work with. Or as previously stated buy and sell for net profit only.
Your welcome. Yes, I tried to share my experiences that I've learned throughout time.
And thank you for reading!
Very true. I've turned down some offers I probably should have just accepted but it's a learning experience.
Good advice. Thank you for sharing.
This is very good article and information specially for new domineers. I being here not more than 5 to 6 months, and I admit that what ever you said is true, I had some bad names, but now starting to learn this art a little more day by day. I know it is a very long learning curve and it always is in every field of life if you really want success.
Three main things that I find is,
1. Searching for Good Name, (needs lot of attention and searching)
2. Marketing, Marketing and marketing..... (Social media, auction and bidding websites, searching for end users)
3. Be patient and stick to, what you are doing with motivation and learn learn and learn...
Thanks Omar - great advice. Ive recently started domaining and can agree to everything you've said.
I expect more posts like this from you, it is really a good information.
thank you, informative, remember, you have to own it to change it.
The best article one can find on domaining. Keep posting
Helpful post, could help in opening a career stream for many.
Thanks! And thank you for sharing those 3 tips!
Much appreciated, thank you.
Wow, thanks for the kind words. Glad you liked it!
Thanks @Omar Negron !
Definitely have come across this time and time again where I ended up asking myself, "What am I missing?"
Great article and thanks for filling in the gaps!
Thanks for checking out the article!
I agree @pokainc ! Esp. for those leaning towards flipping like myself, but something to keep in mind no matter what your strategy may be.
Separate names with a comma.