advice Your single best tip on how to start the journey into the domain world.

Buy my domains

Invest in .coms first. It is a safe investment.

Jman92 said:

Invest in .coms first. It is a safe investment.

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Thank you, keep them coming but also, try and make them more descriptive. Like, why should I invest more in .coms, what makes them safer, etc.

Haris100 said:

Buy my domains [/QUOTE

Please don't post ike this. ( @Haris100 )

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Set a budget and STICK to it!

Your main idea before purchasing any domain is "who is going to buy this name from me". I assume that is most folks end game....a sale.

That should be your mindset. Who is going to buy this from me.....who are my buyers.

Look at a list of domains objectively, rather than going on a spending spree. Keep your impulse buys at a bare minimum. Until you have sold at least a handful, you really don't know what will sell, and what will sit and rot in your inventory. Do a lot of research, check namebio for history, look at archive.com etc etc...

Stay in budget and make it very sure, that domain you're going to register/catch is worth it. Because, many times, haste makes nothing but waste (of money, effort and time).

don't believe - think

Use common-sense.

imo

My Tip 1: Join Namepros.com or another community of domainers/entrepreneurs and read and participate..

This would have saved me alot of money when i started domaining in 2011. I signed up here but never used the forum. I was just not attracted to the idea of forums at that time. I wasted money buying junk to sell on ebay. Trying to sell on namepros and getting feedback would have made the learning curve that much faster. So join a community of domainers and learn..learn learn.. That may be true for anything you do.

The only disadvantage would be: I did get some gems to buy on ebay that gave me huge returns. And I think domainers were advising not to use it at all because it's all junk. So i could have missed out in that regard. My favourite name was from ebay. I would still use ebay if I could go back in time,, but I would be an active part of a forum like namepros additionally. I havent used ebay in like 2 years, maybe i graduated you could say. I may peek from time to time.

Riddler Domain said:

My tip would be: make sure you are developing at least 1/5th of your domains as you purchase more , with a goal of 4/5 domains being fully developed into some short of site that generates money.

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I like this approach, although I am not too sure it can be called domaining (it's rather site flipping)

What kind of development do you do for your domains ?
- minimal (almost parking)
- maximum (spend months or years to develop a site that you can sell for $xxxxx or more)

What is the typical traffic you are shooting for and what kind of traffic do you pursue (eg: social media, seo...) ?

I wonder if other members have this approach.

My tip would be to spend time to find who could buy the domains I am thinking of buying.

for some reason people think they need to develop domains...

yes developed domains are fine
but domaining is not same as developing domains

those are 2 different busines models

if you like them both .. fine

Look for a reason to NOT buy a name

DonDraper said:

Look for a reason to NOT buy a name

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I can see no reason

I am pretty new myself but I would say while starting Invest some money in a GOOD name and then try to sell it for double or at least some profit and then continue to buy Good and quality domains so its easy to sell too.

frank-germany said:

I can see no reason

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Come on Frank
If you look for a reason to NOT buy its like saying make you "purchase barrier" higher

start with small! if its profitable rinse and repeat! and if loss, and no one buy our domain, we don't lose to much, cause I have to admit, buying a domain is addicted!

Always go for proper word no substitutes and avoid ing , ings , s with word -
welcome to hell and best of luck

It's an interesting thread. I'd be nice that you are a bit more specific on your tips

For example 'buy low sell high'
What's the first single most important thing you would to each day ?

DonDraper said:

Come on Frank
If you look for a reason to NOT buy its like saying make you "purchase barrier" higher

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just joking

I would not buy 3ey_me.invent

DonDraper said:

Come on Frank
If you look for a reason to NOT buy its like saying make you "purchase barrier" higher

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but I would not have bought

aaak3.com

either
and it just sold at

$777 USD 2016-08-09 GoDaddy

frank-germany said:

but I would not have bought

aaak3.com

either
and it just sold at

$777 USD 2016-08-09 GoDaddy

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Congrats on your Sales, impressive, but what OP was talking about advices to get in this industry in the proper way. The quality of your Due diligence is different from a newbie one.

]but why not,

frank-germany said:

just joking

I would not buy 3ey_me.invent

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This domain is surely worth at least a good what, 2 to 3 million wishes' that someone will pay more than .01$. Haha love u guys take care