- Impact
- 1,340
I still consider myself a beginner, but have been involved in domaining two times. Once about 8 or 9 years ago and have just recently got back in it.
I have received lots of good advice here. So I wanted to share some things I learned or wished I had done better.
1. Track your costs!!!
There is an endless array of names to register and I even got caught up this past Thanksgiving weekend with all the deals and coupons, registering a BUNCH of names. When it comes time to renew these at Full Price, its going to be expensive. I set a reminder about 2 weeks before each domain aito renews so I can turn off those that I want to let drop.
Each year you renew a domain goes into the COSTS column in my Excel spreadsheet.
2. Have Realistic Expectations
During my first foray into domaining, I was lucky to make 3 sales my first year. $1500 for a dot TV, $350 for a Dot-TV, $500 for a Dot com. This let me have a nice profit. And hold some names long term
3. Use Sales As Insight to Your Skills
All my sales were Keyword Domains. The 2 Dot TV sales were single keywords. The DotCom was a 2 keyword domain. I realized I had a knack for keyword domains and focused on them, mostly.
I will add more as I think of it!
Had all 3 set to much higher prices, but Auto Renewal days were coming around fast and I needed the funds
I have received lots of good advice here. So I wanted to share some things I learned or wished I had done better.
1. Track your costs!!!
There is an endless array of names to register and I even got caught up this past Thanksgiving weekend with all the deals and coupons, registering a BUNCH of names. When it comes time to renew these at Full Price, its going to be expensive. I set a reminder about 2 weeks before each domain aito renews so I can turn off those that I want to let drop.
Each year you renew a domain goes into the COSTS column in my Excel spreadsheet.
2. Have Realistic Expectations
During my first foray into domaining, I was lucky to make 3 sales my first year. $1500 for a dot TV, $350 for a Dot-TV, $500 for a Dot com. This let me have a nice profit. And hold some names long term
3. Use Sales As Insight to Your Skills
All my sales were Keyword Domains. The 2 Dot TV sales were single keywords. The DotCom was a 2 keyword domain. I realized I had a knack for keyword domains and focused on them, mostly.
I will add more as I think of it!
Had all 3 set to much higher prices, but Auto Renewal days were coming around fast and I needed the funds
