Another clueless beginner here.

lmr · Jun 8, 2019

Hi everyone. I've been interested in domain flipping for the last 3 years. I realize I probably should have started back then but I always felt like it was a lost cause, at least for me. Lately it's been on my mind a lot so I finally decided to go for it. I figured you never know if you don't try. I thought if I'm careful and only buy a few domains to see how it goes, I won't have lost much even if it's a bust.

I ended up buying 6 domains, 4 of which I admit are horrible. I looked at them the day after purchasing them and thought "What was I thinking?". The other 2 I feel are okay, but probably not great. I have them for sale on GoDaddy for their appraisal price. Wondering if I should lower it or maybe just eat the cost if they actually aren't good domains.

I have been trying to learn about domain selling and so glad I found this forum because a lot of info I was finding online was old or not really answering my questions. Anyway my domains are:

southcoastriders.com (thinking it would be good for motorcycles/bikers or cyclists)

planmyroadtrip.com (my thought with this one is it'd be good for a site featuring how to plan a road trip, traveling/road trip tips, sights to see, things like that)

Their appraisal prices are over $1000 each, but I imagine that's just an estimate. Should I lower it, keep it as is, or are they just crap domains? I know it'll be hard to hear but I want the truth and want to learn.

WatchDogue · Jun 8, 2019

Hello!

There are numerous threads, posts and opinions on NamePros dealing with many of your questions that if searched and read may be of assistance in your domain endeavors.

Might also suggest you consider putting domains in the APPRAISAL section of NamePros where you might receive one or more member's opinions regarding values for your domains.

You didn't mention who or how you arrived at the prices for your names other than mentioned " appraisal prices " - and I'm not inquiring but the source of the appraisals may be subject to opinions as well.

Welcome to NamePros!

Eric Lyon · Jun 8, 2019

Welcome to namePros!

We have many resources that are designed to help you get started:

Domain Beginners section contains lots of valuable information and FAQs.
Popular Content for Beginners is a list of some of our best threads for beginners.
Meet and Greet section is a great place to meet other domainers and mentors.
Domain Name Discussions is the most popular place in the entire industry to discuss domains with domainers and ask questions.

Additionally, the following guides will help you navigate the marketplace to sell your domains:

The Marketplace Guide will help you with listing your domains for sale on NamePros.
The Domain Name Listing Guide will help explain the different sections on NamePros for domain sales and how to use them.
The Auction Guide will help walk you through starting an auction on NamePros.

Last but not least, please check out our brief welcome guide that shows you all the great resources we have on NamePros: Click Here

-----

You have some interesting long tails (3 or more words).

I can see the usage for them exactly like you stated. I still own a few long-tails, but I generally develop mine, as a hobbyist. That way, even if they never sell, they generate their own revenue to cover renewals every year and bring in a little profit so nothing is out of pocket.

Your first one, South Coast Riders, has a few existing applications:
Song Title
FaceBook Page
BMW riders club
Streetmasters
Here are a few existing MC's that can benefit from your asset

The above asset has potential for and end-user, in my opinion.

Plan My Road Trip:
Trip planners are everywhere and many of them are free and have an App version. WordPress also has some free addons with trip planning features, making it easier for a hobbyist to add another trip planner to market. Unfortunately, this domain asset may have more hobbyist interest than end-user.

When it comes to any domain asset, the hard part is identifying the potential end-user, gathering more research on their specific niche, formulating a presentation, negotiating, and closing. You will have to do a lot of leg-work to find the right buyer and apply the hard parts I mentioned above, which in most cases, investors fail at.

See you around.

Eric Lyon

lmr · Jun 8, 2019

WatchDogue said:
Hello!

There are numerous threads, posts and opinions on NamePros dealing with many of your questions that if searched and read may be of assistance in your domain endeavors.

Might also suggest you consider putting domains in the APPRAISAL section of NamePros where you might receive one or more member's opinions regarding values for your domains.

You didn't mention who or how you arrived at the prices for your names other than mentioned " appraisal prices " - and I'm not inquiring but the source of the appraisals may be subject to opinions as well.

Welcome to NamePros!

Thanks for the info! I used GoDaddy's appraisal tool. I'll definitely post my questions in the appraisal section.

Mister Funsky · Jun 8, 2019

Hello and welcome to nps!

You have found the best place on the net to learn the biz...take plenty of time so search the threads and take notes as you go along...lots of good info here with many members that will give constructive advice.

lmr · Jun 8, 2019

Eric Lyon said:
Welcome to namePros!

You have some interesting long tails (3 or more words).

I can see the usage for them exactly like you stated. I still own a few long-tails, but I generally develop mine, as a hobbyist. That way, even if they never sell, they generate their own revenue to cover renewals every year and bring in a little profit so nothing is out of pocket.

Your first one, South Coast Riders, has a few existing applications:

The above asset has potential for and end-user, in my opinion.

Plan My Road Trip:
Trip planners are everywhere and many of them are free and have an App version. WordPress also has some free addons with trip planning features, making it easier for a hobbyist to add another trip planner to market. Unfortunately, this domain asset may have more hobbyist interest than end-user.

When it comes to any domain asset, the hard part is identifying the potential end-user, gathering more research on their specific niche, formulating a presentation, negotiating, and closing. You will have to do a lot of leg-work to find the right buyer and apply the hard parts I mentioned above, which in most cases, investors fail at.

See you around.

Eric Lyon

Thanks for the advice and point in the right direction!

Bob Hawkes · Jun 8, 2019

lmr said:
4 of which I admit are horrible. I looked at them the day after purchasing them and thought "What was I thinking?"

Not sure when it was exactly you registered them, but note that many registrars offer a grace deletion period when you can get your funds back if you decide to delete the domain name. It is typically a few days, but not all offer it. Just in case it is still possible to grace delete some that you now regret.
Bob

lmr · Jun 8, 2019

Mister Funsky said:
You have found the best place on the net to learn the biz

I believe it! I've seen more info here already than on GoDaddy's own forum.

lmr · Jun 8, 2019

Bob Hawkes said:
Not sure when it was exactly you registered them, but note that many registrars offer a grace deletion period when you can get your funds back if you decide to delete the domain name. It is typically a few days, but not all offer it. Just in case it is still possible to grace delete some that you now regret.
Bob

It was about a week ago. I'll look into it but might have passed already. Good to know for the future though!

Jv1999 · Jun 9, 2019

b4 buyin anything else, make sure to read more threads on nP!

when ppl say read nP, iz hard cuz u don't know where to start. All threads are arranged by date and not by value. So I guess you should start by searching (using np search) to find threads where people give advice to noobs. Like ( need help beginner) or keywords like that.

You should look through the domain sail thread which has over 700 pages of ppl reporting sails.

the most important thing in domaining is to attain the "eye" = the ability to tell between good and bad domains. Once you have that, it doesn't matter if you have $10 or $1,000 to invest in domains. With a single $6.99 namesilo reggae, you'll be able to flip that on nP within a day for $20+.

Jv1999 · Jun 9, 2019

Eric Lyon said:
Welcome to namePros!

We have many resources that are designed to help you get started:

Domain Beginners section contains lots of valuable information and FAQs.

Popular Content for Beginners is a list of some of our best threads for beginners.

Meet and Greet section is a great place to meet other domainers and mentors.

Domain Name Discussions is the most popular place in the entire industry to discuss domains with domainers and ask questions.

Additionally, the following guides will help you navigate the marketplace to sell your domains:

The Marketplace Guide will help you with listing your domains for sale on NamePros.

The Domain Name Listing Guide will help explain the different sections on NamePros for domain sales and how to use them.

The Auction Guide will help walk you through starting an auction on NamePros.

Last but not least, please check out our brief welcome guide that shows you all the great resources we have on NamePros: Click Here

-----

You have some interesting long tails (3 or more words).

I can see the usage for them exactly like you stated. I still own a few long-tails, but I generally develop mine, as a hobbyist. That way, even if they never sell, they generate their own revenue to cover renewals every year and bring in a little profit so nothing is out of pocket.

Your first one, South Coast Riders, has a few existing applications:
Song Title
FaceBook Page
BMW riders club
Streetmasters
Here are a few existing MC's that can benefit from your asset

The above asset has potential for and end-user, in my opinion.

Plan My Road Trip:
Trip planners are everywhere and many of them are free and have an App version. WordPress also has some free addons with trip planning features, making it easier for a hobbyist to add another trip planner to market. Unfortunately, this domain asset may have more hobbyist interest than end-user.

When it comes to any domain asset, the hard part is identifying the potential end-user, gathering more research on their specific niche, formulating a presentation, negotiating, and closing. You will have to do a lot of leg-work to find the right buyer and apply the hard parts I mentioned above, which in most cases, investors fail at.

See you around.

Eric Lyon

Hi Eric,

dev'ing for renewals sounds interesting! if u dont mind can u explain more? Because I have some sites with AdSense, but they're not making more than a few cents (stagnant). I had the impression that you needed an active site to pull in some serious revenue or even enough revenue.

Are you doing just a few-paged sites and then leaving them there for 365 days and they're able to make over $10? That would be amazing! Was wondering what you'd recommend and the best monetization.

karmaco · Jun 9, 2019

Welcome to NP. I love the choice of thread title. Good luck to you.

xynames · Jun 9, 2019

Halloa.

Boudi Kai · Jun 9, 2019

Check the below thread posted by @Dave about domain investing its extremely informative !

https://www.namepros.com/threads/domain-investing.1137790/

Eric Lyon · Jun 9, 2019

Jv1999 said:
Hi Eric,

dev'ing for renewals sounds interesting! if u dont mind can u explain more? Because I have some sites with AdSense, but they're not making more than a few cents (stagnant). I had the impression that you needed an active site to pull in some serious revenue or even enough revenue.

Are you doing just a few-paged sites and then leaving them there for 365 days and they're able to make over $10? That would be amazing! Was wondering what you'd recommend and the best monetization.

Hello,

I actually went into some depth on that topic recently in the insiders lounge, which you have access to as a VIP.

If you're interested, here you go: VIP/Gold Only

I hope that helps,

Eric Lyon

lmr · Jun 9, 2019

Jv1999 said:
b4 buyin anything else, make sure to read more threads on nP!

when ppl say read nP, iz hard cuz u don't know where to start. All threads are arranged by date and not by value. So I guess you should start by searching (using np search) to find threads where people give advice to noobs. Like ( need help beginner) or keywords like that.

You should look through the domain sail thread which has over 700 pages of ppl reporting sails.

the most important thing in domaining is to attain the "eye" = the ability to tell between good and bad domains. Once you have that, it doesn't matter if you have $10 or $1,000 to invest in domains. With a single $6.99 namesilo reggae, you'll be able to flip that on nP within a day for $20+.

Thanks! Yeah I'm going to for sure read up on all this!

lmr · Jun 10, 2019

I made a mock-up/landing page for my southcoastriders.com domain. luckylydia.com/southcoastriders I'll probably try and add some links and more information before connecting it to the .com.
I plan on doing this for any future domains too.

Not sure what I'm going to do with planmyroadtrip.com yet. As Eric said, there is a lot of that type of thing already. I thought about contacting one of those apps/sites and seeing if they'd like to buy it for cheap. I don't know if I'd get anywhere that way but couldn't hurt? I can't think off hand but I know I've seen sites in the past that have their brand name .com but also used a generic .com. Like say if Dial soap has dial.com but also soap.com, something like that.

Nikhil Jain · Jun 10, 2019

Hello!!!

Another clueless beginner here.

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