advice What am I doing wrong

Mr De · Oct 10, 2018

Am a month into domain industry with 20 domain in my portfolio but I noticed most of my domain get view daily at undeveloped but no sale or offer yet.

What could be reasons for no sale or offer?

Is my price too high ?

I'll appreciate any information that could lead to sale .
Thanks

poweredbyme · Oct 13, 2018

Mr De said:
Thanks for response. .... what are the minimum domain require for newbie? Any other strategy to employ for increase sales %?

If you sell 1% of your domains in 1 year, you need 100 domains to sell 1 domain in 1 year.
Price affects profitability, sales volume and the minimum number of domains.
Good domain + low price combination will be the winner with little or no marketing effort.
If you are perfect at marketing then you don't need anything as it's a talent like gold mine, you wouldn't even need to own any domain as you would sell domains of other people for commission. As you see, the first thing which should be defined is what you want to be, marketer, domainer, domain investor, reseller, etc. Then it would be easier to specialize in one of them.

Mr De · Oct 13, 2018

Criterion811 said:
True, and it's often a nonsensical market. I have been domaining about one year. I have some names I think are great which haven't sold, and I have sold names this year which I regretted buying and was 100% sure would never sell.

It just takes patience.

I means I need to be more patience, do you recommend listing on actions marketplaces? Or which other marketplaces I should list my domains?

Mr De · Oct 13, 2018

poweredbyme said:
If you sell 1% of your domains in 1 year, you need 100 domains to sell 1 domain in 1 year.
Price affects profitability, sales volume and the minimum number of domains.
Good domain + low price combination will be the winner with little or no marketing effort.
If you are perfect at marketing then you don't need anything as it's a talent like gold mine, you wouldn't even need to own any domain as you would sell domains of other people for commission. As you see, the first thing which should be defined is what you want to be, marketer, domainer, domain investor, reseller, etc. Then it would be easier to specialize in one of them.

Thanks so much@ poweredbyme, sincerely you've said most thing and my concern. Owing too much of domain without good sales will result in loss at end of year because of renewal fee with time and effort put to it. I know it important to increase my portfolio for chance of sale but am trying to be careful the kind of name is purchase, am still find it difficult to know either I should focus more on geo+keyword domain or go with generic name.

Yes I want to be domainer, investor and reseller but still need depth knowledge of the industry before decide which part will best work for me, with your experience in the industry what kind of name should I focus on or which work best for you? Any advice will be appreciated.

poweredbyme · Oct 13, 2018

Think about how you will sell a domain before acquiring it. Read which type of domains were recently sold. Namebio is the most popular place for this, also you can follow https://www.namepros.com/threads/report-completed-domain-name-sales-here.83628/ However as always, everything has 2 sides like coins, visible side and invisible side. Be skeptic especially on public data. I mean unsold domains are never reported. All we can find reported sales and those are just a piece of total sales, not the whole.

You will create your own knowledge by trial and errors. Try all types of domains and then you will know what to focus on. Anything can work well if you do it right. Success usually is not hidden in what to do, is rather in how you do. Focus on only the things you do right or better. If you are good at hand registering focus on it (your verbal skills maybe outstanding), whatever you do better focus on it. Know your own talents first and then search for the areas that your talents can bring you the most competitive advantage against to the other players of the same game. Every person has unique talents and background. You may be good at math, if so, register/buy more math related domains. You may focus on geo domains about the locations you actually know or lived in, or industries you worked in before, or areas you studied, or about your family business if your parents are/were business owners. Technically you can register/buy in any type of domains. But if you choose the domains related to the areas you know, you can have better ideas on what to do with those domains, how to sell them and for which price. Never buy or register randomly just to raise the number of domains you own or just to spend your budget faster. Buy slowly to sell quickly. If you sell 10% of your domains each year, you will need only 10 domains to sell 1 domain in 1 year. Think before buying/registering not after. Remember anything can work well if you do it right. Stop looking for the best thing to do, look for the best ways to do something that is done by others. Focus on the things that you say/believe you will do better than others. I hope I could help.

wizard · Oct 13, 2018

Mr De said:
Am a month into domain industry with 20 domain in my portfolio but I noticed most of my domain get view daily at undeveloped but no sale or offer yet.

What could be reasons for no sale or offer?

Is my price too high ?

I'll appreciate any information that could lead to sale .
Thanks

All depends on the domains you hold having 20 domains doesnt mean you will just get offers thats a very small amount but best of luck

Heyzee · Oct 13, 2018

poweredbyme said:
Success usually is not hidden in what to do, is rather in how you do.

You got me with this quote.

You sound almost like a motivational speaker but, you gave a golden nugget. Thanks @poweredbyme

Mr De · Oct 13, 2018

wizarduk said:
All depends on the domains you hold having 20 domains doesnt mean you will just get offers thats a very small amount but best of luck

Thanks

Mr De · Oct 13, 2018

poweredbyme said:
Think about how you will sell a domain before acquiring it. Read which type of domains were recently sold. Namebio is the most popular place for this, also you can follow https://www.namepros.com/threads/report-completed-domain-name-sales-here.83628/ However as always, everything has 2 sides like coins, visible side and invisible side. Be skeptic especially on public data. I mean unsold domains are never reported. All we can find reported sales and those are just a piece of total sales, not the whole.

You will create your own knowledge by trial and errors. Try all types of domains and then you will know what to focus on. Anything can work well if you do it right. Success usually is not hidden in what to do, is rather in how you do. Focus on only the things you do right or better. If you are good at hand registering focus on it (your verbal skills maybe outstanding), whatever you do better focus on it. Know your own talents first and then search for the areas that your talents can bring you the most competitive advantage against to the other players of the same game. Every person has unique talents and background. You may be good at math, if so, register/buy more math related domains. You may focus on geo domains about the locations you actually know or lived in, or industries you worked in before, or areas you studied, or about your family business if your parents are/were business owners. Technically you can register/buy in any type of domains. But if you choose the domains related to the areas you know, you can have better ideas on what to do with those domains, how to sell them and for which price. Never buy or register randomly just to raise the number of domains you own or just to spend your budget faster. Buy slowly to sell quickly. If you sell 10% of your domains each year, you will need only 10 domains to sell 1 domain in 1 year. Think before buying/registering not after. Remember anything can work well if you do it right. Stop looking for the best thing to do, look for the best ways to do something that is done by others. Focus on the things that you say/believe you will do better than others. I hope I could help.

Thanks for the advice...... it's really helpful

cyborg1960 · Oct 14, 2018

you to much spent for domains

likeslikes · Oct 14, 2018

I know it's been said already by others, but patience is key. I suggest playing the long game and focusing on owning a small number of very high quality domain names if possible where the renewals don't really factor in much bc if you sell one it easily pays for years of renewals and nets big profit. It's kind of like the set it and forget it type thinking. However, there are lots of different ways to make money in this industry and this is just one of them.

Mr De · Oct 15, 2018

LeapNames said:
I know it's been said already by others, but patience is key. I suggest playing the long game and focusing on owning a small number of very high quality domain names if possible where the renewals don't really factor in much bc if you sell one it easily pays for years of renewals and nets big profit. It's kind of like the set it and forget it type thinking. However, there are lots of different ways to make money in this industry and this is just one of them.

Thanks @LeapNames , I quiet agree that patience is the key, but also one need to be doing things right if he want to see result that's why am asking for people advice in other to checkmate myself. What are others way to make money in the industry with reasonable investment and high possible return? As newbie I need to budget and stick to my budget as part of discipline and acquire good name.

StartupsBrandsCom · Oct 17, 2018

Kamaldeen said:
I have over 150 names on undeveloped.com, I have never receive an offer on my names, even when I set it to $10 as starting bid..

For how long were lasting those listings?

StartupsBrandsCom · Oct 17, 2018

Brandingtheweb.com said:
Send them an email letting them know your selling it for ? and if they are interested. You have quite a few prospects to send the email to and hopefully someone replies.

And, to add to this well explained offering techniq, leave a certain amount of waiting patience as more and more businesses are using auto responding and anti-spam systems, so another obstacle is realistic and potential end users/buyers may not read emails immediately but occasionally as during web site maintenance, hosting backup etc.

Mr De · Oct 17, 2018

Nik Pantic said:
And, to add to this well explained offering techniq, leave a certain amount of waiting patience as more and more businesses are using auto responding and anti-spam systems, so another obstacle is realistic and potential end users/buyers may not read emails immediately but occasionally as during web site maintenance, hosting backup etc.

Thanks @NikePantic, I quiet agree that most potential end user hardly respond immediately unless if it's their personal mail which make outbound more difficult, hopefully thing change in few month time.

StartupsBrandsCom · Oct 17, 2018

Also, there are other extensive selling techniques as better positioned auctions like Sedo Great Domain Auctions and other specials, or further developing startup website with affiliated publishing and generating interest for domain through more broad Google SERP.
Still, it is quite hard to work on domain sale marketing and website publishing, so I have 3 domains sales in 10 years on the one hand, and other, somewhere around 70-90 websites released. To add, that those websites services I've managed were in personal contacts. So combining it into real business offer, as next level of services - outstanding domain with optional website, leads to business startup/business expansion. Good luck.

StartupsBrandsCom · Oct 17, 2018

Mr De said:
Chainski
Phiamart
TasteAngeles
Chicagotel

IMO, great candidates for a BrandBucket service

Mr De · Oct 17, 2018

Nik Pantic said:
IMO, great candidates for a BrandBucket service

What re the requirements to list of BrandBucket? Will my domains get see by potential buyer because I read somewhere that with few domain you hardly get view there.

Mr De · Oct 17, 2018

Nik Pantic said:
Also, there are other extensive selling techniques as better positioned auctions like Sedo Great Domain Auctions and other specials, or further developing startup website with affiliated publishing and generating interest for domain through more broad Google SERP.
Still, it is quite hard to work on domain sale marketing and website publishing, so I have 3 domains sales in 10 years on the one hand, and other, somewhere around 70-90 websites released. To add, that those websites services I've managed were in personal contacts. So combining it into real business offer, as next level of services - outstanding domain with optional website, leads to business startup/business expansion. Good luck.

I think I'll look in that direction, thank you for great insight.

StartupsBrandsCom · Oct 17, 2018

Mr De said:
What re the requirements to list of BrandBucket? Will my domains get see by potential buyer because I read somewhere that with few domain you hardly get view there.

Hello again, well BrandBucket is a marketplace specialized in brand able domain names. You can subscribe and submit up to 10 domains(over that there are paid plans) on review approval, and if approved and listed(under terms) domains will be distributed through their marketing channels in addition to website presentation to huge volume of visitors mostly business people and entrepreneurs. They are one of the best businesses of such kind, but there is quite tight approval rate as they are maintaining positions of currently active domains portfolio and investment in those.
Regards

Mr De · Oct 17, 2018

Nik Pantic said:
Hello again, well BrandBucket is a marketplace specialized in brand able domain names. You can subscribe and submit up to 10 domains(over that there are paid plans) on review approval, and if approved and listed(under terms) domains will be distributed through their marketing channels in addition to website presentation to huge volume of visitors mostly business people and entrepreneurs. They are one of the best businesses of such kind, but there is quite tight approval rate as they are maintaining positions of currently active domains portfolio and investment in those.
Regards

I ready their seller terms, but found out that I pay $10 to list 1 name suppose my 10 name get approve I will pay $100 and 30% commission after sale. But still thinking if what invest

StartupsBrandsCom · Oct 17, 2018

That is why domaining is investing business

No free marketing other than publishing to search index as most of all services involves some work effort, equipment etc.

erchaman · Oct 17, 2018

I personally think starting with geo domains is not the best way to get profit and of course neither to get fast experience for a newcomer. I have learnt a lot making mistakes and reading and chatting a lot here, which I made lot of friends, but I would suggest start studying which niches are hot nowadays and try any handreg, try register brandables from 5 to 7 characters, no hyphens no numbers, and see how it goes. The more you read here the more money and mistakes you will avoid. BUT! I think the best way to learn after the reading here option , is registering some domains and learn how it goes, when you feel you are loosing money, it will hurts, then you will pay attention and become better and better step by step.
To sum up, I repeat again, don’t think would be the best option for a newbie to make outbound with geodomains. Study the main tdl’s, register any .net .org according to the sales at namebio, namepros etc... I am not a master domainer, but the little exp I learnt was on that way. Peace.

Mr De · Oct 18, 2018

Nik Pantic said:
That is why domaining is investing business No free marketing other than publishing to search index as most of all services involves some work effort, equipment etc.

Between BrandBucket and Brandpa which one has highest sale rete? I know brandpa has low listing fee and commission but still looking for other Brandable site to list with best sale rate.

Mr De · Oct 18, 2018

erchaman said:
I personally think starting with geo domains is not the best way to get profit and of course neither to get fast experience for a newcomer. I have learnt a lot making mistakes and reading and chatting a lot here, which I made lot of friends, but I would suggest start studying which niches are hot nowadays and try any handreg, try register brandables from 5 to 7 characters, no hyphens no numbers, and see how it goes. The more you read here the more money and mistakes you will avoid. BUT! I think the best way to learn after the reading here option , is registering some domains and learn how it goes, when you feel you are loosing money, it will hurts, then you will pay attention and become better and better step by step.
To sum up, I repeat again, don’t think would be the best option for a newbie to make outbound with geodomains. Study the main tdl’s, register any .net .org according to the sales at namebio, namepros etc... I am not a master domainer, but the little exp I learnt was on that way. Peace.

Thanks for your candid advice @erchaman, I quiet agree with you on geo domain and outbound for newbie it made it difficult for you to understand the in depth knowledge of domaining and with competition for geo domain and difficulty of finding prospects lead.
Jus like you said, I'll give more attention to generic domain name and looking into brandables name and see where it goes but register .Net or .org of domain sales report would it be viable at long run? Can you still make good profit on the investment since most people want .coms name?
Between .net and .org which one have high sale rate and which one people are willing to pay big money for?

erchaman · Oct 18, 2018

@Mr De you are welcome friend. In fact for any extension you can get a valuable domain if you know which one pick/catch/register. I told you about .net and .org as example like if you want to try .biz .xyz. Just to experience with them. Of course focus on .com but my advice is get you trained in all extensions because is not the same :
Well.com than well.net than well.xyz, meanwhile the .com could arrive at 5 figures, .xyz is worthless. Now see crypto.com and crypto.xyz, both valuable, one more than other. You see what I pretend to show you? Learn in every tdl which names works to stay trainned and in case you need to register one don’t wastw more money and get exp fast.
Regards.

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