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discuss 1 month in and its hard

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sameem701

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Hello everyone. It has been roughly one month since I jumped into this business and boy its hard and frustrating. I get why so many quit so early and the ones that stay for the ride are those that practice patience. Being a student, I am investing my little savings into this and so far I have blown off but above all I understand where I have gone wrong in the game and hopefully now I am going to be a little more patient. Was initially buying one domain per day, then one day bought a premium one. Now am backordering domains. This may not seem much but this one month has taught me a lot about domaining. You have to buy domains that generate interests, ones that have past sales and above all UNDERSTAND WHY A DOMAIN IS AVAILABLE AND NO ONE IS BUYING IT. Learned it through the hard way. Currently hold zero domains that am going to renew. Any words of advice going forward? Also if anyone is willing to share, how long did it take you to sell your first domain? What is the best way to sell a domain? Should I list it and just sit back, waiting for offers? Also backordering domains prevent the domain age from being resetted right? As aged domains attract more interests.
Any advice helps. Hoping for better times in this business :)
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
"1 month in and its hard"

That's what she said. :ROFL:

On a serious note, here are some guidelines:

1. Stick to .com
2. Don't register domains just because they "sound" cool - research your buyers e.g. via https://www.domainleads.com/sld for existing TLDs
3. Don't go crazy registering a "theme" of keyword variations
4. Review your portfolio 2-3 months before expiration to drop bad domains.

Good luck!
 
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Hello everyone. It has been roughly one month since I jumped into this business and boy its hard and frustrating. I get why so many quit so early and the ones that stay for the ride are those that practice patience. Being a student, I am investing my little savings into this and so far I have blown off but above all I understand where I have gone wrong in the game and hopefully now I am going to be a little more patient. Was initially buying one domain per day, then one day bought a premium one. Now am backordering domains. This may not seem much but this one month has taught me a lot about domaining. You have to buy domains that generate interests, ones that have past sales and above all UNDERSTAND WHY A DOMAIN IS AVAILABLE AND NO ONE IS BUYING IT. Learned it through the hard way. Currently hold zero domains that am going to renew. Any words of advice going forward? Also if anyone is willing to share, how long did it take you to sell your first domain? What is the best way to sell a domain? Should I list it and just sit back, waiting for offers? Also backordering domains prevent the domain age from being resetted right? As aged domains attract more interests.
Any advice helps. Hoping for better times in this business :)
Hi


one month in and you're frustrated already?
maybe ease up on expectations.

i didn't expect anything in beginning, but that was 20 years ago.
it was a lot easier and waay less competition.
many domains that are coveted now, where available to register back then.
so, sales came faster and more often, then what you could do today

now it's dog eat dog mentality and newbies are a new profit center.
meaning, you can get taken for a ride, if you jump on wrong bandwagon.

still
to me and majority of end buyers, age of a domain doesn't mean :poop:
i might not notice it until after a name is acquired.
so, focus on the quality, rather than looking at age first.

if you're backordering, narrow search down to a niche` you're familiar with.
go for the low hanging fruit if you can get it.

be careful with new extensions because they can eat up a budget,
especially those with registration/renewal costs that are 3 to 4 x's the cost of .com

and....don't believe the hype!

Good Luck!


imo...
 
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It can take many years to reach a tipping point, and that is without bad decisions setting you back.

It's not an easy business. You probably need to adjust your expectations.

However, the business is one with a low barrier to entry. So, it's possible to actually do well with limited starting resources, good decisions, and enough time.

Brad
 
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Hi Sameem,
I'm in domaining from 3 month, but it's enough 1 month to know that domaining is a f...ing game.
It is like a marathon where 50,000 people start and only one wins, then there are the first 10, and all the others are worthless.
Usually, the winner is a broker with decades of experience and hundreds of contacts with investors and other brokers. Among the first tens you will find expert brokers and investors with decades of experience, who already have important contacts, a client portfolio.
You and I belong to the other 49990, who are not worth anything, or are worth little, and in any case do not win.

The marathon requires time, money, contacts, experience...

Good luck!
 
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Hi Sameem,
I'm in domaining from 3 month, but it's enough 1 month to know that domaining is a f...ing game.
It is like a marathon where 50,000 people start and only one wins, then there are the first 10, and all the others are worthless.
Usually, the winner is a broker with decades of experience and hundreds of contacts with investors and other brokers. Among the first tens you will find expert brokers and investors with decades of experience, who already have important contacts, a client portfolio.
You and I belong to the other 49990, who are not worth anything, or are worth little, and in any case do not win.

The marathon requires time, money, contacts, experience...

Good luck!
Contacts certainly do matter when it comes to brokers.

However, almost all my sales are one-off sales to end users. I have rarely sold more than one domain to the same party, so pre-existing contacts don't really matter.

At the end of the day, the domain itself is the main thing that draws interest. Many of the people in the field for the longest time just have great portfolios.

Brad
 
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Usually, the winner is a broker with decades of experience and hundreds of contacts with investors and other brokers. Among the first tens you will find expert brokers and investors with decades of experience, who already have important contacts, a client portfolio.
You and I belong to the other 49990, who are not worth anything, or are worth little, and in any case do not win.
Hi

if that's how you see it, then your perception is too limited.

the winner, in most caes could be the one with the most cash, at the time a particular name is on auction.
the winner, could also be one with cash and knowledge of a future trend.
the winner could be a stealth buyer, contacting quality domain portfolio holders with initial offers to purchase.

there are winners in various categories of domaining, including the owners of those sites you've been told to go visit.
they win, with every new subscriber, every new email, ka-ching, ka-ching.
not to mention the ppc platforms and all the marketplaces that earn commissions on sales.
they win when before the checks go out.

there are a lot more winners, who are at the top of their games and a lot more games folks are trying to get on top of.

brokers, the real one's are about handling, facilitating, negotiating, for somebody else.
they win, when the name is sold.

borkers, the fake wanna bee's, they win if they get somebody to pay them upfront.

imo...
 
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1. You need to have money to invest in the names. Don't expect to hand register for $10 and you can turn around sell it for $10,000
2. Stop LEARNING the WRONG THINGS:
- Do not use Appraisals
- Forget about how many extensions are taken
- Brandpa Grandma approved
- Search Results from Google
- Forget about Domain Authority, Domain Rating
- Stick with .COM .ORG .CO .IO and may be .US

And the last thing is don't listen to anyone including ME.
 
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Hi


one month in and you're frustrated already?
maybe ease up on expectations.

i didn't expect anything in beginning, but that was 20 years ago.
it was a lot easier and waay less competition.
many domains that are coveted now, where available to register back then.
so, sales came faster and more often, then what you could do today

now it's dog eat dog mentality and newbies are a new profit center.
meaning, you can get taken for a ride, if you jump on wrong bandwagon.

still
to me and majority of end buyers, age of a domain doesn't mean :poop:
i might not notice it until after a name is acquired.
so, focus on the quality, rather than looking at age first.

if you're backordering, narrow search down to a niche` you're familiar with.
go for the low hanging fruit if you can get it.

be careful with new extensions because they can eat up a budget,
especially those with registration/renewal costs that are 3 to 4 x's the cost of .com

and....don't believe the hype!

Good Luck!


imo...
I had in mind the post
https://www.namepros.com/threads/betz-com-sold-for-240-000-by-dave-from-sedo.1341887/

Dave Evanson (a broker) sold betz.com for $240,000.
Big sales need great brokers.

For the rest I agree with you.
 
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One question that I want to add, what do you look for in a domain? What is the factor that you see in a domain that makes you go, "Yep this one's it". Is it the name itself? Is it the potential branding it can create? Is it the age? Is it the companies that have similar names to it? Is it the number of TLDs registered in it? Is it the backlinks? Is it the number of google searches for that exact domain name? What is it exactly?
 
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Just ask yourself what type of website can be build from the name and who will be your customer?
 
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Just ask yourself what type of website can be build from the name and who will be your customer?
Or just ask your wife about a particular domain.
 
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It has been roughly one month since I jumped into this business and boy its hard and frustrating.


I'm not sure what to say. I have a year and some change as a domainer. Still waiting on my first sale.

I guess the most practical advice I can give is stick to a budget and seriously evaluate the sales potential of your portfolio.
 
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the business is one with a low barrier to entry

This honeytrap is overly effective!!!!!

The first three months I maybe had 20 plus domains, then out the blue it jumped to slightly over 115 plus domains at the end of the year. Now I'm in the low 90's.
 
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One question that I want to add, what do you look for in a domain? What is the factor that you see in a domain that makes you go, "Yep this one's it". Is it the name itself? Is it the potential branding it can create? Is it the age? Is it the companies that have similar names to it? Is it the number of TLDs registered in it? Is it the backlinks? Is it the number of google searches for that exact domain name? What is it exactly?
There isn't a right answer that works for everybody.
Each of us has to find ita own Road, method, what works for One, doesn't work for another.
Keep studying and trying. We know that we lose Money when we are beginner, but consider that as and investiment in knowing.
 
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What is the factor that you see in a domain that makes you go, "Yep this one's it". Is it the name itself?
Thinking more about your questions... the answer could be "Yep this one's it", with not a rational base.
Think to registrars... GoDaddy... It could be a name for fathers' rights, or what should men do to take care of their children.. surely not for selling domains and hosting, etc.
Or Dynadot.. what is that name? Dyna-mic (dot), or Dyna-sty (dot), or Dyna-mite (dot)... why that name?
Or Atom... atom is atom, a small particle, a name suitable for physics, not domaining.
There are many other examples in different fields. This is a theme that could be well explored by @Bob Hawkes.

Then, yes, I think some names like because they like... said that a company has to invest a lot in marketing to make its name known as a brand. It's easier if you use keywords in the name... as Namecheap, or Name, etc.
 
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Hello! As someone familiar with growth journeys, Iโ€™d say youโ€™re on the right track by reflecting on your mistakes early. Domaining is a game of strategy and patience. Focus on domains with clear value, and donโ€™t rushโ€”itโ€™s better to hold a few strong ones than many weak ones. Networking and understanding buyer needs can make all the difference. Keep at it; success often comes after perseverance!
 
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Big sales need great brokers.
Hi

looks like you are impressed by headlines,
and have no idea about the individuals who make such sales on their own.

for the newbies:
if you're going to read the headlines and sales reports, then do more than just gasp at the numbers.
educate yourself on the how's and why's, behind the name.

imo...
 
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Hi

looks like you are impressed by headlines,
and have no idea about the individuals who make such sales on their own.

for the newbies:
if you're going to read the headlines and sales reports, then do more than just gasp at the numbers.
educate yourself on the how's and why's, behind the name.

imo...
Biggie,
we know that headlining is an art to capture our attention and surprise us.

You're right when you said "educate yourself on the how's and why's, behind the name". Yes, knowing biography and C.V. I can get some elements. Not always they are easy to know, also because many people want to rest anonymous. Here, some use the proper name and I can see the bio on their website or linkedin. Many have a nickname, as yours and mine (also if Patrizia is my second name).

Said that also if I ask people who sold DN for thousands of dollars "how you can do it? What are your strategies? What is better?"..... or like @sameem701 who asked some posts ago " Is it the name itself? Is it the potential branding it can create? Is it the age? Is it the companies that have similar names to it? Is it the number of TLDs registered in it? Is it the backlinks? Is it the number of google searches for that exact domain name? What is it exactly?"...... nobody has spent time to seriously answer the points, but only with a generic and quick replay.

I conclude with an image:
everyone is alone in the vast ocean of domains. Some find the route after years of navigation or with the help of some satellite navigator, but beginners who set sail on an adventure, with little money and little experience, risk shipwreck... But we know that hope is the last to die.
 
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i wouldve been out years ago if it wasnt for being a hobbyist. If this was my business, it wouldve been the worst business plan ever. lol. :) ty
 
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Just ask your wife, she will tell you exactly what you need to do.
Find one if you are single.
 
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