I feel stuck

[imadoer]

I want to sprint before I can walk. I'm reading and reading and looking at sales im watching videos on domain sherpa i'm reading on DNF I'm spending a lot of time reading but i'm still having trouble on evaluating what something may be worth I would love someone to give me a crash course or some tips on how to evaluate.I find a lot of 2 word domains that have high traffic that i could put a I or e next to but I don't know how to value them..I really don't know how to evaluate anything..any tips?

 

[Beezy]

I think it is best to determine who the ideal customer is for each domain.

A lot of big domainers practice "spray and pray", and many people on this forum try to emulate that strategy even though they might not have the finances to back it up (just an observation, i could be wrong about that).

There are many types of domains which have value to domainers. So they can be a potential customer. It's good to learn the rules of what domainers value because then you can buy a domain where you know you will be able to at least get a certain amount from domainers, and hopefully many multiples of that from an end-user.

End-users are the other customer type. Usually this is where major profits lie, but what an end-user wants or needs in a domain varies so much.

Instead of taking such a broad look at the industry, you should maybe concentrate on a particular niche and get to know that inside and out.

Then, once you are comfortable with that, branch out a bit. I think I'm in the "branch out a bit" phase myself right now, experimenting with a few new sorts of domains. But I had some decent success in a niche i chose and whenever I got too ambitious and stepped outside of that niche in the past, I lost a little money.

So I didn't really give you a specific answer, because the answer is up to you. You will learn from experience.

EDIT: and don't get too caught up in emulating others. Find your own niche. Find your own lane. Learn from others, but everyone's path is different.

LAST, one of the most undervalued skills in business is being a salesman. That skill can set you apart from others in this field.

 

[imadoer]

I can sell and negotiate very well.(not domains) I bought and sold a lot of things but never a domain name this is a lot more complicated then I thought at least to hand reg one with some value.

 

[infosec3]

I can sell and negotiate very well.(not domains) I bought and sold a lot of things but never a domain name this is a lot more complicated then I thought at least to hand reg one with some value.

Yes, domaining sound easy when seen from outside. My advice to new domain investors is that they should control their buying impulses and first learn what is valuable.

For starters, I recommend sticking to .COM geo names, such as city+service or product and never buy a name without first getting an idea of how many potential buyers would be interested in that name...

 

[imadoer]

controlling my impulse buying is hard because i don't know if i am passing up on a good domain or not

 

[Beezy]

controlling my impulse buying is hard because i don't know if i am passing up on a good domain or not

If you don't know, pass it up. Once you can recognize good domains is when you start buying.

With that said, you need to learn from experience so take some small bets that you can afford to lose and get learning!

 

[infosec3]

That is exactly the problem. You need to learn what is good and what is not before you buy. Well, even if you buy bad names you will eventually learn, but it would be better to avoid the loss.

 

[Tal]

1. I suggest you to check the sales history of the main keyword.
2. Check if other tlds are taken.
3. Try to sell it for reasonable price, small profits are better than "dream" profits.
4. More patience, specially with yourself.
5. Test yourself with small invest in the start, with every little success you can grow a bit.

That's my tips.

Good luck!

 

[imadoer]

I bought 70 already I consider them a loss who knows I might sell one and get my money back..
Should i base my purchase on what has sold in the past/ what sounds brandable /search vol/ cost per click?I found domains that i can put a i or e on the left side that have high traffic volume but idk if I should buy Im lost

 

[Tal]

What have done it's in the past, the important thing is to learn from mistakes, to challenge yourself with more knowledge.

You mix few things:
Sound brandable it's sometimes private opinion, this need some good touch, and to see what us trend and popular in startups names for example.

Sales history can help you if your domain is very similar, but you need to check what this specific sale purchase for?

Search volume - good for seo, check the exact volume.

Cpc - good for making money by developing site with Adsense.

You are doing well with your questions, that's mean that you taking seriously all this thing.

Someone advice me once, few years ago, to buy domains that if you somehow stuck with them, you can always develop them.

I'm believing you.

 

[imadoer]

My problem with development is that I'm a complete rookie. I have no computer experience. I can build with templates but thats about as far as it goes for now. My plan is to learn how to buy and sell then I want to learn how to develop

So would a higher cpc boost value for a potential buyer for a domain?

 

[Tal]

There is no well known formula to appraise domains with high cpc.

Marketing is the main issue here, to find your end buyer, by nonstop searching and presenting.

The value of domain name it's sometimes psychologist game between the seller to the buyer.

 

[imadoer]

Im sure once you have sellable names..

 

[Beezy]

Im sure once you have sellable names..

But you keep registering names, correct? You probably could've spent the money on the 60 names you registered on a really good name to sell.

 

[TheFifty9Sound]

The simplest test on any domain is to ask yourself this question honestly -

If you were the end user, would YOU start a business on this name?

If the answer is no, pass it up.

 

[Beezy]

My problem with development is that I'm a complete rookie. I have no computer experience. I can build with templates but thats about as far as it goes for now. My plan is to learn how to buy and sell then I want to learn how to develop

So would a higher cpc boost value for a potential buyer for a domain?

I think building some websites out will give you some insight about what it is that people actually want or need in a domain name. Your mileage may vary, but I think there are lessons to be learned by doing this.

It'd be as if you were a tire salesman but you never drove a car before.

 

[imadoer]

But you keep registering names, correct? You probably could've spent the money on the 60 names you registered on a really good name to sell.

I only reg 2 names in the last week or so and i'm going to do a grace delete to the one im holding back on buying I'm writing potential names in a book for now traffic volume and etc
Yeah I probably lost 500 but I don't care it probably wont be the last time I lose money either but to me its a part of learning. I can still buy 20 great names if I want to I just need to know what I'm doing first

 

[imadoer]

I think building some websites out will give you some insight about what it is that people actually want or need in a domain name. Your mileage may vary, but I think there are lessons to be learned by doing this.

It'd be as if you were a tire salesman but you never drove a car before.

I understand what your saying. ill try and learn amongst the way

 

[Beezy]

Cool

This thread is amazing, btw:

https://www.namepros.com/threads/report-completed-domain-name-sales-here.83628/page-286

 

[Beezy]

Also,

One thing that is sort of helpful - to put things into perspective - is to look at a droplist. You'll learn a lot.

It is like a graveyard of broken dreams. Very humbling and puts into perspective how good you have to be to get this right.

You'll see a name on there and be like "oh, that looks good? I should register or catch that..." Then you check comparables for that keyword. You check to see if other extensions are developed. Do a quick google search to see what comes up. Check sedo to see if it's listed in a bunch of extensions or not...and then often you move on, because there was a reason it was dropped.

But when you get good, you'll find needles in the haystack, too.

Either way, I think browsing that list and thinking about why it was originally registered and why it didn't work out is a helpful exercise.

 

[imadoer]

Drop list "Graveyard of broken dreams" haha thats great.Thanks I will check that out aswell

 

[Name Trader]

I find a lot of 2 word domains that have high traffic that i could put a I or e next to but I don't know how to value them..I really don't know how to evaluate anything..any tips?

Here's you first lesson for free. Two word domains with an "i" or "e" in front are not worth anything (mostly). Heck, even single words with an "i" or "e" prefix are mostly only worth regfee. You've got to be extremely lucky to sell them for a profit. Of course there's always going to a million:one exception, but that's already registered. It is much the same as putting a hyphen between the 2 words. It devalues to domain to regfee (mostly).

iReport.com sold for $700-750k to CNN, some time ago. If you can find a domain with similar characteristics and it's not already registered, maybe you should ask yourself, why not? There is no way iReport.com was worth $700-750K before the sale.

 

[imadoer]

I understand that it devalues the name alot, but I see some names sell with the e and the I and when I was watching domain sherpa the other day adam dicker was saying how eBirthdayGifts.com should sell for 10k and one of them where saying how the e was the closest thing to having the name itself.BirthdayGifts.com apprasies for 200k on estibot. I found a few of other names that appraise for 200k on estibot that I can put a i or e next too. they have huge traffic I know estibot appraisal aren't accurate and I'm sure putting a e or i next to most names in a lot of cases is worthless. i really want to know is what are the right words to put the i and e next to? What are the exceptions?
Do you think i should just avoid it completely?

 

[DANEYAL]

I want to sprint before I can walk. I'm reading and reading and looking at sales im watching videos on domain sherpa i'm reading on DNF I'm spending a lot of time reading but i'm still having trouble on evaluating what something may be worth I would love someone to give me a crash course or some tips on how to evaluate.I find a lot of 2 word domains that have high traffic that i could put a I or e next to but I don't know how to value them..I really don't know how to evaluate anything..any tips?

Just read your post, and it was so musical & well written that without reading any other members comment, I think I should convey my appreciation for your writing skills immediately. About Your queries, will post after delving

 

[mad409]

I want to sprint before I can walk. I'm reading and reading and looking at sales im watching videos on domain sherpa i'm reading on DNF I'm spending a lot of time reading but i'm still having trouble on evaluating what something may be worth I would love someone to give me a crash course or some tips on how to evaluate.I find a lot of 2 word domains that have high traffic that i could put a I or e next to but I don't know how to value them..I really don't know how to evaluate anything..any tips?

Although I enjoy and do learn from the Sherpa video's, it's clear that even the pro's differ from what they think a domain is worth, or even sold for in some cases.

It's pretty clear IMO a domain is worth what you're willing to accept, or can afford to turn down and wait for a better offer. It's all about supply and demand and who really wants to purchase what you have.

In short there's no true system.