advice New to Domain market

Hello,
Welcome to NP!

There's really good advice in this thread.
https://www.namepros.com/threads/how-to-be-a-good-domainer.1063326/

Hope this helps
Good luck!

Hi,

I am also new to here and this domain buying/selling domain. I did some research and study online materials. I got little knowledge. It would be better for me to help me to learn more and earn more.

Thanks in Advance!

I've been flipping domains for a few years now. In the beginning I was very hestiant to spend any more than 20$ on a domain but I bought a whole bunch. Most of those I ended up dropping and a few sold for little more than I bought them for. But as soon as I started spending a bit more on domains, I started making more. My first 4 domains that I spent between 400-800$ on each, all sold within a year. The first one after only 9 days for 15.000$. Two of them I auctioned on namejet for around 3000$ combined. And one sold on godaddy for 1000$. So spending a bit more on a few domains seems to work a lot better for me than buying a lot of mediocre / bad ones.
As far as learning what domains sell, I have learned most of what I know on the Domain Sherpa podcast.

A lot of factors will influence how you approach your domaining career. The major ones are going to be your time and you budget. There are strategies to suit all but you need to decide what's best for your situation.
You could play the numbers game and hand reg 500 names and price them cheap or you could buy 2/3 premium names and spend time marketing them to potential end users.
You could concentrate on a niche that you have real world experience in.
You could try your hand at making up "brandable" names.
You could buy names cheap from the trade and wait for a huge profit by selling to end users or sell back to the trade for a quick turn over.

These options are only scratching the surface. The domain industry is vast and the options are endless. Find a strategy that best suits your situation and learn all you can before you even spend a single cent.

Good luck

Daniel Lorentsen said:

I've been flipping domains for a few years now. In the beginning I was very hestiant to spend any more than 20$ on a domain but I bought a whole bunch. Most of those I ended up dropping and a few sold for little more than I bought them for. But as soon as I started spending a bit more on domains, I started making more. My first 4 domains that I spent between 400-800$ on each, all sold within a year. The first one after only 9 days for 15.000$. Two of them I auctioned on namejet for around 3000$ combined. And one sold on godaddy for 1000$. So spending a bit more on a few domains seems to work a lot better for me than buying a lot of mediocre / bad ones.
As far as learning what domains sell, I have learned most of what I know on the Domain Sherpa podcast.

Click to expand...

Pretty solid advice! On the other hand, don't go all out spending $xxx's on domains before you have a better handle on domaining! Paying $xxx for a name doesn't guarantee it will sell for a bundle and quickly. There are domains and... other domains!

And if you don't have the budget or paying $xxx for a single domain falls outside your comfort zone, there's hand registering and outbound where the profit margin is the highest. Why buy at low $xxx and sell for high $xxx or low $x,xxx, when there are lots of good domains you can handreg for a few bucks and sell for that same price...?

But there' a reason why I've underlined hand registering and outbound above... they go together, like Siamese Twins! Never mind hand registering if you are not ready to pull up your sleeves and get your hands a little dirty and spend a lot of time doing outbound.

Excited? Ready to have a go at it? Want to know how to jump right in? Well, there's good news and bad news...

There are a few very good threads here at NP about outbound. They make it sound almost easy. Well, it's not! Cold calling is not for everybody... That's the good news, BTW

Here's the bad: you'll find precious little actionable advice here about hand registering. For obvious reasons, those who know what they are doing are unlikely to share what domains to hand register. Who needs the competition, others registering them promising domains from under them, right? You'll have to figure this one out on your own the old fashioned way: trial and error! Luckily, this is not expensive and your chances of a win are not that bad, assuming you spread out, don't put your eggs in one basket

So what's the most important takeaway here? Like in any respectable casino, there are different games to try your hand at here. You need to put in the time to learn and formulate a strategy that best fits your wallet and lifestyle. Good luck!

D Haynes said:

You could concentrate on a niche that you have real world experience in...

Click to expand...

Very good, solid advice here, too... applies equally well to domains acquired at auction at $xxx - $x,xxx, as well as hand registered ones. Always a good idea to work a niche, market segment that you know well

You could try your hand at making up "brandable" names...

Click to expand...

Brandables... yes, another promising market segment, with high profit potential. However, brandables need a different approach entirely. Most invented, hand registered brandables are almost impossible to outbound. The ones that are, get scooped up by HugeDomains these days. Those you can get, simply uploading them to Afternic or Sedo and waiting for a buyer doesn't end well, either... trust me, been there, done that, lost a bundle, not counting opportunity costs! Starting out, your best bet is listing them with specialized marketplaces like BrandBucket, BrandPa, SquadHelp... assuming they will have them. EMD's, brandables made up of English words are a better bet, but good ones are harder (read: more expensive!) to come by. And brandables are a numbers game, you need lots of 'em, preferably hundreds, to make this work, hence cost of acquisition is a key factor here.

These options are only scratching the surface. The domain industry is vast and the options are endless. Find a strategy that best suits your situation and learn all you can before you even spend a single cent...

Click to expand...

Couldn't have put it better myself

Hello @Kcrommy and welcome to NamePros!

You're already on the right track by seeking advice instead of going on a buying spree before you know what you're doing. I'm fairly new at this too, and I would suggest doing a lot of reading here on NP, buying some domains to get started with (don't spend too much), then experimenting with listing and trying to sell. You'll gradually learn how to buy solid domains and figure out a strategy that works for you.

Good luck to you -

I'll say spend for first $250 on DNAcademy
Complete the course. Watch as much as you can on domainsherpa.com portfolio reviews, profitable flips, and one on one domain related interviews. Listen to DomainNameWire.com podcasts. Study enduser sales at NameBio.com, DNJournal.com. Then start asking questions and investing.

There is a lot of advice out there. Just as much bad as good. I don't think there are bad intentions, but many people simply aren't successful/profitable investors and still like to give advice.


Without education, you wont have a baseline to know when you are getting advice from the wrong people. Start with proven resources from the most knowledgeable investors. There is a wealth of timeless information out there.

Stay away from going all in on a niche or trend that might not have a long shelf life and might depend on precise timing on when to get in and get out.

Focus on the #1 proven extension, .com.

Welcome!

Welcome and best of luck @Kcrommy

Off to the right start by posting here