shawshank83
Established Member
- Impact
- 42
So with a year of domaining under my belt, I figured I would share my experience.
First off, It's been a rollercoaster ride and I've enjoyed every second of it.
I've learned a lot, met some really cool people, picked up some awesome domains & actually turned a profit.
I lost the most on several expired brandable .com names.
I held no reserve auctions on Flippa and sold them for $6 - $20 (obviously not clearing the reg & listing fees).
They should've hit the $100-$300 mark .. but I do not regret these sales because they allowed me to build my feedback rating and meet buyers on Flippa.
I personally developed a few expired domains into websites (with very minimal work) and sold them in the $100 - $300 range on Flippa. I enjoy building websites, so these are wins to me.
My biggest flip was an auto parts related - expired domain.
I spent a few days developing the site into an Amazon affiliate Wordpress site and let it sit for a month (to collect stats). I listed the website for sale on Flippa and after a few days I was contacted (via phone) by an enduser who wanted to buy the domain. After brief negotiation, we agreed to $1000 to end the auction and transfer the domain. I picked up another $1000 because he wanted me to stay on board and help him launch his endeavor. Registered for $11.99 >> 8-12 hours of work >> sold for $1000 .. not bad, IMO.
My biggest flop was a site that I developed into a brand (logo+domain) web shop. I spent a lot of hours working on the site and making logos.
I think I chose a bad name ( brandb.in ) to launch from and didn't get a lot of action on the auction. I should've chose an appealing .COM.
The auction ended nowhere close to the cost of the domains. I should have set a reserve.
However, after 45 days of going back and forth with buyer .. attempting to transfer domains and assets .. he became unresponsive and I'm able to back out of the deal. BUT .. some of the domains expire next month and I'm not sure what to do. It's a mess! lol
All in all .. it's been an awesome year and great experience!
I absolutely LOVE waking up to sales emails and new bids on auctions!
You win some you lose some .. but keep learning!
I'm much better at identifying value in domains, websites & brands than I was a year ago.
I'm also a much better web developer/designer now, after looking so much deeper into the hot design / UX trends to squeeze more value out of my domains.
I'm excited to see what 2017 brings!
LESS IS MORE.
HAVE A PLAN.
HAVE B@LLS.
First off, It's been a rollercoaster ride and I've enjoyed every second of it.
I've learned a lot, met some really cool people, picked up some awesome domains & actually turned a profit.
I lost the most on several expired brandable .com names.
I held no reserve auctions on Flippa and sold them for $6 - $20 (obviously not clearing the reg & listing fees).
They should've hit the $100-$300 mark .. but I do not regret these sales because they allowed me to build my feedback rating and meet buyers on Flippa.
I personally developed a few expired domains into websites (with very minimal work) and sold them in the $100 - $300 range on Flippa. I enjoy building websites, so these are wins to me.
My biggest flip was an auto parts related - expired domain.
I spent a few days developing the site into an Amazon affiliate Wordpress site and let it sit for a month (to collect stats). I listed the website for sale on Flippa and after a few days I was contacted (via phone) by an enduser who wanted to buy the domain. After brief negotiation, we agreed to $1000 to end the auction and transfer the domain. I picked up another $1000 because he wanted me to stay on board and help him launch his endeavor. Registered for $11.99 >> 8-12 hours of work >> sold for $1000 .. not bad, IMO.
My biggest flop was a site that I developed into a brand (logo+domain) web shop. I spent a lot of hours working on the site and making logos.
I think I chose a bad name ( brandb.in ) to launch from and didn't get a lot of action on the auction. I should've chose an appealing .COM.
The auction ended nowhere close to the cost of the domains. I should have set a reserve.
However, after 45 days of going back and forth with buyer .. attempting to transfer domains and assets .. he became unresponsive and I'm able to back out of the deal. BUT .. some of the domains expire next month and I'm not sure what to do. It's a mess! lol
All in all .. it's been an awesome year and great experience!
I absolutely LOVE waking up to sales emails and new bids on auctions!
You win some you lose some .. but keep learning!
I'm much better at identifying value in domains, websites & brands than I was a year ago.
I'm also a much better web developer/designer now, after looking so much deeper into the hot design / UX trends to squeeze more value out of my domains.
I'm excited to see what 2017 brings!
LESS IS MORE.
HAVE A PLAN.
HAVE B@LLS.
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