I've been buying domain names for 7 months now and realize I've bought some bad names, but also believe that I have acquired some very good ones too. I have them for sale at afternic and sedo but as yet have had no sales or enquiries. I know it can take a long time to sell just one but jeez. I've sent loads of outbound emails but had no response. Just don't know what to do next apart from wait .
I could tell you to be patient, but once you understand the game better, you'd call me hypocrite.
So...
I've been buying domain names...
Buying means buying or registering? General advice here is stay away from registrations, specially if you haven't nurtured "sense" for
saleable domains. The more you have the more you pay.
Every year!
...for 7 months now...
Good opportunities come and go. So many streams of domains to buy, not so many mid-high margin domains though. After 7 months you may have 1 to 1000+ domains, who knows.
...and realize I've bought some bad names, but also believe that I have acquired some very good ones too.
How do you rank those domains? By how "nice" they are, or by how much you like em? Don't use your eyes, but potential buyer's eyes. I strongly recommend to be pessimistic and work on your sense for saleable domains. Not that you only need to know what sells, but you also have to be quiet precise with your valuations. The more precise the better.
I have them for sale at afternic and sedo but as yet have had no sales or enquiries.
If you have a domain listed at popular marketplace without single offer for such a long time, it's not a good sign. Any domain
could sell for
whatever price, but do you want to bet on odds of selling supershittylongdomain.weirdextension for $1M? I would not.
I know it can take a long time to sell just one but jeez.
It takes long time to sell random domains. It's much easier to move good names though.
I've sent loads of outbound emails but had no response.
There surely is a reason for that. You either try to sell shitty names OR your prices are insane OR your emails are crap OR you target wrong potential buyers OR your emails end up in the spam...
Just don't know what to do next apart from wait.
One thing you can do is
improve!
- save cash by buying less crap, to get one good name
- buy with confidence. think first before you hit Buy/Register button.
- make sure you know who need that domain and why before you buy. if you don't know, do not buy.
- research potential leads and make sure there are multiple, not just one. the more the better.
- learn more about the domain, research it's history, find out why your leads still don't own it. is it because they don't need it? or is it because it was unavailable? you don't have to own the domain to find out.
If you have strong name, avoid typical outbound. It could affect the price in a negative way... What you want to do is teasing potential buyers by simply informing them about availability, possibility, whatever. They have to chase you if you want to sell for serious money.
There is lot more to it, but if you can implement at least few points, you should do better.
My opinion!