discuss How much would you pay for...

Josytal said:

I will pay $0.
'Cos no shortcut to experience, especially in domaining.
NP has everything you need, with real-life examples, case studies and many, many more. And it's all free!

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I agree 100%

Basically, what Josh refers to is arbitrage in domaining.

It would work for highly liquid (which is relative term in domain industry) names. You are essentially providing bridge capital between a seller that needs money asap or did not manage to provide enough exposure to his name and a reseller that is fine with buying on higher end and holding for end user sale or savvy/lucky end user that managed to get a name at high end of reseller pricing.

How much you pay me for translate the guide to spanish.

I haven't spent much time in domaining but one thing I am now sure of is no easy way to making it in domaining. I registered a lot of craps when I started last year when I first heard about this business. Need I to say that I first read about domaining from a guide though not a paid one but the information was not as succinct as the ones gotten from different experiences of both old and new members on namepros. I had registered craps and yes I still do before I started learning from the mistakes and successes of experienced domainers on namepros. I have also learn a great deal from all my initial mistakes and those mistakes has helped shaped my instinct to successfully pinpoint a worldy or worthy domain at first glance (though I don't have the capacity to afford such at present) .

Would I have paid for a guide before knowing namepros?... Yes! Maybe, if I can afford it say $10 to $20

Would I still want to buy a guide after learning and still learning from namepros?.. No? I don't think so.

Will I still continue to make mistakes but still get better?... Yes, I will and experience is the best teacher..

''The master has failed more times than the beginner has even tried''

You've got to register crap in the beginning in order to learn.
Whatever you read, whatever youre told, you will inevitably make mistakes in order to learn the dos and dont's; trial and error is what makes you master the dynamics of any industry.

@cixxy rash.biz
''im into rash biziness''

Windoms said:

You've got to register crap in the beginning in order to learn.

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I don't completely agree with this. Learning from your mistakes is good (not everybody does), but learning from the mistakes of others is better.
Otherwise, what's the point of NP. We share knowledge and experience for the benefit of other people. Buying crap is not a mandatory step.

50% of ROI after each sale during 1 year

Well unless you ask your mentor before registering any name (Hello mentor KatieRex crypto.com is available should I register it please dont betray me); it's almost impossible for someone not to register crap.
Unless you do what everyone is saying on this forum. read read read.
but then after you take a look at namepros marketplace, flippa, sedo etc.. so you get new ideas.
and you end up learning.
Thats for real newbies with aspirations and limited $. Serious investors maybe will take another route.

If there's $1-$10, I would probably cast my vote here. A cup of coffee for my mentor.

Windoms said:

Well unless you ask your mentor before registering any name (Hello mentor KatieRex crypto.com is available should I register it please dont betray me); it's almost impossible for someone not to register crap.

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That's the whole point.
In my opinion it's virtually impossible to build a healthy portfolio on handregs nowadays. Nothing wrong with buying a few, especially if you want to develop them why not, but for investment purposes this is tough.
The good names are for the most part already registered, you need to go get them where they are. That being said, it's perfectly possible to waste money on bad aftermarket domains too

Anyway, back to topic

Kate said:

That's the whole point.
In my opinion it's virtually impossible to build a healthy portfolio on handregs nowadays. Nothing wrong with buying a few, especially if you want to develop them why not, but for investment purposes this is tough.
The good names are for the most part already registered, you need to go get them where they are. That being said, it's perfectly possible to waste money on bad aftermarket domains too

Anyway, back to topic

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Mostly true.

Some hand regs are ones that were held but then slipped through auctions, backorders etc.

Others are ones that you have creative idea for and a buyer will agree with you either by coming to the same idea or seeing the name.

I agree with @MapleDots that the sweet spot for books is definitely less than $99 - I would say it gets challenging if you are above about $49. In a way that is not enough for the work that goes into a well crafted book, but realistically I think pricing higher would make sales numbers low.

I presume if you did write a book, it would not be promoted exactly like this @Josh R :
To me, as others have noted, that wording smacks of "get rich scheme". I would say something like "The author, an experienced and successful domain name investor, will reveal the techniques he uses to make a 6 figure income with a minimum of outbound." The promotion of your book should definitely not come as a promise the reader will get 6 figure imho. Even if you think the skills are readily taught and transferred, nevertheless I suspect there is an intuition that you have that adds value to the use of the principles.

One difficulty with a domain book is the changing domain landscape - while the principles don't change rapidly, some aspects are in constant flux. Have you considered a format (e.g. LeanPub) allowing revisions with or without additional cost to user, or perhaps even having it published as an app instead of a book per se. An app might allow updates including occasional paid ones for major updates.

If going for a book, I agree that an eBook format makes most sense. There are sites also that allow a minimum amount, or user to pay more. Perhaps surprisingly, some people do pay more than minimum.

Best wishes if you do decide to produce a book. Your established expertise will add to respect and authority for a book you write.

Bob

ps Disclosure: I am collating ideas and writing draft sections for a possible future book myself, although if I do write one it will look more at analysis and end user perspectives on using domain names than domain investing, as well as different end of market, so would not be a competitor for this proposed book, but thought I should disclose it with my comments.

I like learning, and even more so from experts, the problem with these things is that most always, whatever is revealed is extremly saturated or is just about to become saturated, or, in many cases works but then includes allot more work than stated.

That being said, and depending how much the course/book would teach, i personally would be willing to pay around $59 a copy.

Windoms said:

''The master has failed more times than the beginner has even tried''

You've got to register crap in the beginning in order to learn.
Whatever you read, whatever youre told, you will inevitably make mistakes in order to learn the dos and dont's; trial and error is what makes you master the dynamics of any industry.

@cixxy rash.biz
''im into rash biziness''

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Wtf, did not say this. Rash.biz my logic was the business of treating rashes, but yeah. It could be a funny game like doctor simulators by adult swim etc, its not all that terrible if you think about it.

My worst reg was probably FeetInches.com , estibot values of 1600$ due to feet to inches conversion but as a business it's just shit.

Josh R said:

How much would you pay for a domain investment guide that teaches you how to make a 6 figure income without having to outbound or wait for end-users?

Josh

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slader23 said:

$200-$300

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I agree on this. A investment guide written by a professional who has been making 6 figure sales steadily or a name famous in the industry. Provided thats the end of the investment and no other things like add ons (buy another service for more etc). Also proper discounts should be run as well. I am DNAcademy student and i feel that it has saved me lots and lots of bucks... I did not waste much money rather i came into the required line without spending 400+ hrs through domain sherpa or NP.

I have found lots of insights in various comments along the way in this thread. One of the main messages that came through to me is that there are various ways to find success in the domain name investing. For example....

1. Research like mad, search for great bargains in high quality names and control urges to pay too much, have a great portfolio of domains, and then hang on and insist on premium prices to end users through sound negotiation practices. Have a high ROI for those that sell, but accept that the annual throughput rate will be modest.
2. Develop huge expertise in pricing, work in certain niches, buy at good prices with idea of quickly selling a significant part of the portfolio to other domain name investors with a reasonable (but less than in a) ROI. The trick here again is not paying too much and buying what is liquid, but the difference is to largely ignore end users and long hold periods (this is what I took from @Josh R posts - hope I am not misrepresenting).
3. Find an underserved niche (either by topic or price or both, or even by region) and market in innovative and effective outbound ways to that niche.
4. Try to be a futurist, spotting new tech and social and business trends prior to others, and turn around a few domains for huge ROI to make up for those that do not work out.
5. Become expert in brandables, through expertise in the startup world and branding, and assemble a good portfolio of brandable names, placing them at one of the main sites.

There are others, but these represent some. I think that sometimes on NPs we dont take a broad enough view that there are different ways to be successful, and just because some are not following our preferred model does not necessarily mean either of us is wrong. This does mean that we can learn from others that are either doing well what we want to do, or taking different approaches.

With respect to education, I am a big believer in both formal and informal education. While I don't accept that the only way to learn is by making mistakes, it is true that when we have something invested we are more sharply focussed and more likely to learn. I have not (yet) taken DNAcademy, but it obviously is a valuable and structured approach that leads to more effective learning. It is true that you can probably through DomainSherpa videos, DNW podcasts, NPs, etc. obtain a full education, but it will take longer (although arguably be more broadly based which is a positive). I think that the right books could do a lot for this community, and equally for those like business leaders who interact with names, domains and branding less directly.

Somewhat related to the topic. To those people who hold the opinion that they can learn from nP with zero investment: I disagree to the fact that NP is a good learning place for newbies. Nowadays, nPers are diverse in their strategy and as we all know most of the domain investors are in losses. One cannot take knowledge from just everyone and anyone. A solid platform formed by big domain gurus with structured approach will drive the newbies into the rivers taking most of them out of day dreaming (including me). DomainSherpa articles is rather far better alternative which requires good amount of time for going through, analyzing, reviewing strategies and putting forward a robust plan as an investor. Long talk short: The community does need some good guidance in form of structured study materials and courses.

Josytal said:

Well, that's arguable. And, I'm afraid, most members here will disagree with you.


Nothing special. Same as in any other business. Only the fittest survive.


I'm still waiting to hear from the horse's mouth. Let the "graduates" of such academies tell us their stories. You'll be surprised - not pleasantly, though.

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seconded

i will happily pay $300 if it's guaranteed that i will be making such money

Bader Muteb said:

i will happily pay $300 if it's guaranteed that i will be making such money

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Where in life can you be guaranteed to get a positive return on investment on anything?

Life is about what you make of it, how much hustle you put in, how dedicated you are to the skill.

Look at the most successful business people in the world. Almost all went to college, but for every one that went to college there just as many that went to the exact same college and are currently out of work.

But I can guaratnee you that my kid is going to college becuase there's a bigger opportunity to make more money if you do.

Josh R said:

You think DN Academy is a scam?

You can be successful by taking bits and pieces from NP for sure, but I don’t think it’s organized in a way that most people can easily process and learn from. I know that because most newish people on this forum indicate that they are losing money or making very little.

I haven’t used DN Academy or anything but I’m surprised more people don’t use that resource, as I’d imagine it’s organized very well.

On a side note: I think most people think that to make money, you need to sell to end-users which is false.

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I think you can get much of the same info DN academy will provide HERE at Namepros.
In addition to answers to specific questions from a variety of views. what I teach may not be what another would preach. I just dont think there is a need for a guide when investors needs are so diverse. (limited budget, hand reg vs auction vs expired, traffic names etc) there is no one approach that will guarentee success. I have learned little from experts and so much more from the average investor with unique needs. regarding good vs horrible names. I have seen both sell on our platform so I hardly judge on a specific name if the price is right.

Voting results are unfair , if you have proven results then people might pay more instead $0

viniproject09 said:

Voting results are unfair , if you have proven results then people might pay more instead $0

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people love free and freedom. Those who can take risk, is the rich man..
Thats why only 1% guy with wealth, because other 99% is not weatlh :p