$1,000,000 Formula * What's Yours??

[DomainLobe]

With all the collective knowledge and experience here I have wondered what ideas / formulas NP members may have to net a cool $1,000,000!

I certainly have my own ideas but they have yet to fully pan out
I do understand that the safest formula is likely a diversified investment strategy but the big bucks will most likely come from a laser-focused single strategy - What's Yours?

My personal idea is to invest carefully into a small collection of up-and-coming
names based around future trends or early new trends mostly in medicine and business. Then fly it in the radar screens of the largest stakeholders in that niche area. Don't worry about specifics if you are worried someone will 'steal' your secret formula. Every formula will require hard work and discipline.

I think you must create your strategy such that it can be refined and repeated.
Thanks for your participation

 

[rontol]

With all the collective knowledge and experience here I have wondered what ideas / formulas NP members may have to net a cool $1,000,000!

I certainly have my own ideas but they are yet to pan out
I do understand that the best formula is likely a diversified investment strategy but the big bucks will most likely come from a laser-focused single strategy - What's Yours?

My personal idea is to invest carefully into a small collection of up-and-coming
names based around future trends or early new trends mostly in medicine and business.
Create your strategy that it can be refined and repeated.
Thanks for your participation and continued support of the program :hehe:

Definitely look for the future and when you have a decent amount of $$ get one of the best premium domain name.

I don't know...i'm new here...what the others think?

 

[vivsin]

Buy 1 or more and develop/promote aggresively

Hard work always paysoff. instead of buying a high priced domain and then waiting for someone who is ready to pay more then your investment, One should use that money in development and promotion.

 

[BurninDragon08]

I picked that I would register 1 domain and develop it. I believe that this is the best chance for me to make some big bucks in the domain name industry. (Unless you have big pockets)

 

[-Adam-]

My plan: Stay ahead of the game instead of with it but this time the bank will be offering me a hand. I'll leave it at that. :]

 

[RegisterRants]

No money can be made without an investment. Get some money so that you can at least say you started somewhere

 

[deleted984054565403]

This industry lies totally on speculation. If you register 50 domains for something that may become huge (blu-ray discs for example), and one pays off big time, you've already made that money back and you still have the other domains ready to sell. And if you invest in new registrations for things that don't take off, you're out the money. That's the risk you take.

Or, you could do what I did in the "blook" situation. It was a new concept, blogs + books, and it looked like it was becoming a new trend here. I registered blook.cc and blooks.cc, curious to see what would happen. When I thought about it some more and looked at sites outside of NamePros and realized no other site had invested in that speculation as much as we did, and the demand for top blook domains were high, I sold those two and made $140 off of them within two weeks of registration. If there is a demand for something locally that you've speculated on that doesn't look like it will take off for good, but other people believe it will, you can sell that idea to those people quickly so it's not a loss.

If you plan to make money quickly, invest in many registrations. Hopefully you can sell them within a year so you don't have to pay a ton for renewal fees.
If you want something that lasts over time, invest in a premium .com domain. You'll only pay for the registration fee of one domain, which would most likely beat the price and effort of renewing hundreds.

I personally don't advise investing in "semi-premium" names, unless they're made-up and catchy words. Most of the time, the buyer won't pay what you paid, and it's all about luck and timing when selling. If you've got nothing to lose and all the time in the world, go for it. :hehe:

 

[DavidH]

I must be very boring but I have hand registered most of my domains in non glamorous industries (eg cranehire.net, just recently sold) which do not go out of fashion and for which I believe people will pay some real money for.

I initially aimed for sales for low xxx each and then reinvested most of the money in more names.

After four years of buying / selling / buying, I have gained in experience to be able to improve the quality of the names such that average prices are now mid xxx each and I have now amassed approx 1000 names. Increasingly I am getting xxxx offers as well.

I have learned that patience is essential and unless names are aggressively marketed it can often take several years for an end user to come along.

My names may not yet be worth anywhere near a million dollars yet but they are well on their way. If it takes me another ten years to get there - so what? If I keep on doing what I do and learn to do it better all the time, I will without fail get there.

And the occasional diamond in the rough helps as well when they come along!

DavidH

 

[DomainLobe]

I must be very boring but I have hand registered most of my domains in non glamorous industries (eg cranehire.net, just recently sold) which do not go out of fashion and for which I believe people will pay some real money for.

I initially aimed for sales for low xxx each and then reinvested most of the money in more names.

After four years of buying / selling / buying, I have gained in experience to be able to improve the quality of the names such that average prices are now mid xxx each and I have now amassed approx 1000 names. Increasingly I am getting xxxx offers as well.

I have learned that patience is essential and unless names are aggressively marketed it can often take several years for an end user to come along.

My names may not yet be worth anywhere near a million dollars yet but they are well on their way. If it takes me another ten years to get there - so what? If I keep on doing what I do and learn to do it better all the time, I will without fail get there.

And the occasional diamond in the rough helps as well when they come along!

DavidH

Thanks for all the replies thus far.
David, I started with the strategy you describe and still do to some extent but as you describe am much more selective about hand-regs. And yes the diamonds in the rough make it exciting (and profitable).

 

[NameClerk]

It seems to me that in order to make $1,000,000 in this business, you're best odds are through development.

I'd take 5 domains, apply 5 ideas and promote them so they have a chance to succeed. If they're good ideas you should at least make your money back plus some. If one of them pops, like YouTube.com for instance, 1,000,000 will be chump change. On the other hand, if you end up with 5 moderately successful sites, you'll earn it over the long haul.

The key is in the idea more than the actual domain. YouTube.com still would have succeeded if it were called mustseevideo.com. I believe it takes a combination of domaining and development, or, 1 really sweet domain!

-Bill

 

[Smith]

Other:

Buy hundreds / thousands of generic low - mid range traffic and revenue generating domains, aggregate traffic in order to negotiate private deals with higher end parking companies, either accumulate the $1,000,000 over time, negotiate $1,000,000 traffic prebuy, or sell to outfits like iRet for one time payout etc.

Sell only when you feel that the offer is substantially more than could be earned via current and near future speculative monetization.

This is a proven strategy.

 

[Spade]

When I first entered the game about a year ago, I lucked out more than just about anyone. A beauty fell into my lap for practically nothing and I turned it for a huge profit. With that said I found "tricks" in the industry, ways to get my hand on quality domain names, cheaper then their market value would reveal. Since my first score, my sales have been weak, not because I havnt recieved decent offerings, but because these investments seem to be gaining in leaps and bounds. Denying an offer of several hundred could net you a profit of several thousand in little more than a year.

With that, I dipped my hand into the parking field. Thus far it never paid out very well. I did track down 1 domain that started to bring in a 2 dollars a day, but slowly and surely the traffic began to dissolve and I sold it. I havnt found much money in parking (a few dollars here and there). But more success has been found when I developed my ideas and concepts. DropHistory in its first month produced about $400 in revenue (thats december). NameBio is a project that will take more time to develop, but steadily increases in traffic everyday. I hope to sell NameBio in the future to a larger company in the domain business.

I think, after my first year - Development is the way to go. Building a portfolio while you do it!

Thanks,
Justin

 

[HcDomains]

I nerver dream that I would have a domain worth of $1,000,000..

My target in 2007 is get a beautiful drop name and sell it price at $10,000

 

[tjoseph]

I am new to domain investing, but I think an analogy to real estate might work. Let me know if I am way off base, but it helps me to understand it a little better:

Vacant land - Farmers and people who's families bought large tracts of land when land was plentiful and cheap are making millions selling land to developers. People new to real estate don't generally make much money buying and selling vacant land unless they buy in a remote area that later gets developed.

Buying and selling developed land - people make the most money buying a fixer upper, putting some work into it, and selling it. In a good market, money can be made flipping properties (but I am not sure that is true for commercial properties). It is more expensive to buy developed property than vacant land.

Buying vacant land and developing it - This is where most real estate billionaires like Donald Trump make their money. But depending on the property and project, it could take a lot of money to develop the land.

Other ways to make money in real estate include buying property and renting it out, financing other people's real estate purchases, selling other people's real estate for commission, construction, etc.

Tom

 

[cjcjcj]

Development is in my opinion the only way to reach 1m within a short period of time.
However, this means that it moves out of the domain industry and into development technically as the effort needed to bring a site to the capacity to make money and command a value of 1m could be applied to any domain (within reason) and does not rely so much on speculation.

 

[Ash]

Buy 1 or more and develop/promote aggresively.

Like someone said before your hard work always pays off.

 

[cache]

it depends on your budget. You can buy the stocks of some actually company and
wait until you make big