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advice One Advise To Future Domainers.

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Danny007

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Kindly share your 1 best advise for the upcoming/newcomers Domainers.
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
The #1 most important point is.....(Just my opinion)

Do not fall for the usual newbie reg frenzy. Dont go crazy registering loads of names thinking you will sell them all, you wont. When you fall into this trap, this is what happens, you will eventually sell a name for say $500 in a couple of years time and think youve made a profit, when if you check all your names, registration costs, renewal fees, the truth is you have actually lost money.

Buy 1-5 names in a niche you are familiar with or have at least spent a few months researching, and try and sell a couple of names before reinvesting that money into another name.

Avoid hand regging available names, buy names off existing owners by emailing them and finding bargains. Quality over Quantity is the name of the game. Always ask yourself when a name is available "With the millions of people registering domains, why do you think that name is available?? The answer is usually pretty obvious!!
 
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Don't become a domainer (I kid, well partially), start a website about something your passionate about.
 
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.Com is king. Make life easier for yourself and go with the best. (Sorry new extension believers)

I also read somewhere, if they really want the name, they are much more likely to contact you.

Don't be discouraged from lack of response from prospective buyers u contact. There are software to help u make sure, you know CEO, read emails, sent them. found out, recently. Would have been clutch, since emails 2 potential buyers,... always back, to AOL email, I used!

Last tip... use a good email provider, to help with contact... def not AOL from my exp.... Lol
 
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Don't believe everything/anything you read on np. More than most here want to reap YOUR just dues. Buy good/hand regs/hold for 7-10-15-20 YEARS.

It's not a fast money maker, but if you are smrt, apply patience (7-20years), then it will work out.
 
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Since you’re a newbie, dont bet big in the beginning. Its only your intiution and gut feeling to support your decisions at that time.

Experiment with small bets as much possible; learn as much possible from any losses.
 
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Check whats selling on namebio everyday, try to find out reasons behind those sales.
 
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Don't become a domainer (I kid, well partially), start a website about something your passionate about.
Can you please expatiate a little further. How do one with no knowledge but very eager to learn go about this?
Does it requires a formal education to start or training?

Thanks
 
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Always go for .coms, .nets, .orgs, & maybe .co, those new tlds are just hype & rarely sell unless it's a URL hack.
 
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1)Focus on future trends. Most of the current-trend names will be taken.
2)Since they are FUTURE trends, expect to wait 3-5 years.
3) Prefer .com. Venture into other extensions only for good single word domains.
4) Shorter the better. No hyphen is better than hyphen.
5) Only buy something for which the end-user use case is very very clear to you.
6) There are some arrogant yet successful people here on Namepros. Take their advice but don't get discouraged by anyone's negativity, coz in the end, luck plays a huge role in domaining(which these know-it-alls don't like to admit)
Cheers
 
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Kindly share your 1 best advise for the upcoming/newcomers Domainers.
For now, buy less (in fact, buy nothing!), read and learn more.
 
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The #1 most important point is.....(Just my opinion)

Do not fall for the usual newbie reg frenzy. Dont go crazy registering loads of names thinking you will sell them all, you wont. When you fall into this trap, this is what happens, you will eventually sell a name for say $500 in a couple of years time and think youve made a profit, when if you check all your names, registration costs, renewal fees, the truth is you have actually lost money.

Buy 1-5 names in a niche you are familiar with or have at least spent a few months researching, and try and sell a couple of names before reinvesting that money into another name.

Avoid hand regging available names, buy names off existing owners by emailing them and finding bargains. Quality over Quantity is the name of the game. Always ask yourself when a name is available "With the millions of people registering domains, why do you think that name is available?? The answer is usually pretty obvious!!
How he will be able to discern which name is quality and which is not, if these are the first 1-5 names he ever bought? The reading is good, but the theory is not the same as practice, so with 2-3% STR in a year, he will need around 6-7 years to sell his first domain and than decide if it's for him or not. This doesn't sound very practical, doesn't? My advice will be to use his first $100 to play with domains, to use some $5-$6 hand reg offers to learn from practice and price them at low xxx in the first year and maybe have a chance to sell some in the same time.
 
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Appraise your inventory on the fact you own the best domains to best describe an industry if second third best you don't have an easy sale just by dropping price the customer will still only be targeting the best names. If you have two many 3rd bests you will be dropping them as you renew your ghost town.
 
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Don't use NameBio, use your own brain and think like enduser.
 
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Spend about $50/month and make a goal to double the number of your domains every year.
 
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The #1 most important point is.....(Just my opinion)

Do not fall for the usual newbie reg frenzy. Dont go crazy registering loads of names thinking you will sell them all, you wont. When you fall into this trap, this is what happens, you will eventually sell a name for say $500 in a couple of years time and think youve made a profit, when if you check all your names, registration costs, renewal fees, the truth is you have actually lost money.

Buy 1-5 names in a niche you are familiar with or have at least spent a few months researching, and try and sell a couple of names before reinvesting that money into another name.

Avoid hand regging available names, buy names off existing owners by emailing them and finding bargains. Quality over Quantity is the name of the game. Always ask yourself when a name is available "With the millions of people registering domains, why do you think that name is available?? The answer is usually pretty obvious!!

Best Advice so far.

Thank you each and everyone for sharing their views & experience.
Kindly don't hesitate to share more.🙂
 
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One Advise To Future Domainers....

don't, don't, don't.....
don't believe the hype
listen what i'm saying yo
don't believe the hype


don't believe the hype
it's a no-no


thinking you're reading a discussion...
but it's a disguised pro-mo.


don't believe the hype
don't, don't, don't.....
don't believe the hype


don't believe the hype
of the bot tools
don't believe the values
it spits to you
don't believe the rumors
cuz most of what you heard
ain't true
don't, don't, don't.....
don't believe the hype
it's the best advice
that I can give to you!


puff puff....ahhh

imo.....
 
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My #1 suggestion is make a budget and stick to it!
Invest what you can afford, don't start dipping into rent money, grocery money etc!
 
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Do not, I repeat DO NOT expect domain sales to be your primary source of income!
 
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Stay away from Godaddy
With zero reasoning your coming on here with a few posts to ruin your own reputation by bad mouthing a major player. Sorry I bank on Godaddy and find their are superior in many ways.
 
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