discuss 1 month in and its hard

[sameem701]

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

 

[DediRock]

Hello! As someone familiar with growth journeys, I’d say you’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 don’t rush—it’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!

 

[biggie]

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...

 

[Patryx]

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.

 

[Wesley S]

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

 

[johnn]

Just ask your wife, she will tell you exactly what you need to do.
Find one if you are single.

 

[Optimal Names]

Just ask your wife, she will tell you exactly what you need to do.
Find one if you are single.

There will be no domain purchases then...

 

[johnn]

She bought almost 2,000 names.

 

[biggie]

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?".

Hi,

for some, it could be all those things and more, for others it could just be the domain.
some names "speak for themselves" and don't need any assistance to attract attention.

there is no one exact thing that everyone applies, because all domains are unique, and each may require different reason for acquisition.

imo...

 

[Patryx]

Hi,

for some, it could be all those things and more, for others it could just be the domain.
some names "speak for themselves" and don't need any assistance to attract attention.

there is no one exact thing that everyone applies, because all domains are unique, and each may require different reason for acquisition.

imo...

Said that each has his own secrets that doesn't revel to no one.

 

[scithe]

I'm not sure why a student would want to get into this. I would think some ETFs like VTI would be more profitable.

 

[biggie]

Said that each has his own secrets that doesn't revel to no one.

Hi

there are tips, leads and even some straight-up directions...
but do you want to be spoon fed or to feed yourself.

imo...

I'm not sure why a student would want to get into this.

Hi

anyone who wants to "get into this", must become a student of the game.

imo...

 

[Optimal Names]

Michael Cyger, Bob Hawkes have said it. Others have, too: This is NOT for the impatient.

All I will add is READ, READ, READ, and when in doubt READ more. There is so much to learn.

Here is a place to begin READING:
https://www.namepros.com/blog/what-should-i-do-this-week.1333624/

Also:

https://twitter.com/x/status/1865379484469256398

And there are so many more...

 

[DomainLift]

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

Welcome to the big show! My journey as a domainer began in 2017, though it wasn’t a continuous pursuit until 2024.

I’ve come to realize that learning in this field happens in stages—at least, that’s how it’s been for me. Back in 2017, I knew almost nothing. By 2019, my knowledge had grown considerably, but even now, I recognize how much more I’ve learned since then. Along the way, I’ve discovered that growth often involves uncovering gaps in what you thought you knew and making adjustments to improve. The truth is, in this business, the learning never stops! Good luck!

 

[HotKey]

I will just advise, don't just stick to .com man. It is a viscous cycle perpetuated by echo chambers lifting a very few but usually not you.
Keep your horizons broadened and perceptions sharpened into opportune entries. Dot-com can offer it but the train is crowded. Also this gig is probably not ideal for most students looking to make ends meet in a short time.

 

[premkumar]

If you starting forget about incoming leads , register names which have local business or already existing business uses hyphen or long version domain name. Register such names and try to sell to those business for $100 to $200 and keep repeating. you should sell at least 1 in 10 domain you register to make little profit in this method

 

[Thanksjo]

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.

The bolded is the right approach for companies and our focus as domain investors. Existence of outliers doesn't mean your sampling is wrong.
So sameem701, I would recap what has already been said here as, name quality comes first and then keep sourcing and adding to your channels for marketing

 

[scithe]

Hi
anyone who wants to "get into this", must become a student of the game.
imo...

Agree 100%. However, when someone talks of entering an endeavor like this on a thifty budget, that seems like entering this industry for the wrong reasons.

If OP had put that money into a lawnmower, he could have been seeing returns with much less effort. If OP had learned web design, he could have been breaking into that business with much less effort before seeing a return on his investment than getting into domaining.

I can't help but wonder why the OP decided to take his savings and invest in domain names.

 

[Corey]

Consider learning new skills too....like developing domain names.

Cheers
Corey

 

[Patryx]

Hi

there are tips, leads and even some straight-up directions...
but do you want to be spoon fed or to feed yourself.

imo...

Yes, there are many tips, posts and articles, that explain domaining.

But let me use a metaphor compared to food.

We cannot tell to a one-year-old child "learn to use a spoon". That child can only hope to have parents who take care of him. When he grows up, and can hold a spoon, he begins to eat by himself, but he can only eat the food that his parents prepare for him. When he becomes an adult, he will go shopping by himself, buy what he likes, cook it, and eat it. When he is ready, he will start his own family, prepare food for his children and feed them until they can use a spoon by themselves.
And the cycle of life repeats itself.

I think the same process should be in domaining, but domainers are not a family.

 

[biggie]

but domainers are not a family.

Hi

on the contrary:

a community such as this, has some family traits, like sharing information, data, etc
we try to protect/inform the community by posting legal issues, warnings/alerts that could affect us all.
as well as offering congratulations to others for their successes and try to show where some are making mistakes.
you also have the ICA, an organization that seeks to protect the investors interest.

when in reality, some families don;t communicate at all.

from the parent mentality though,

to some extent, we want entrants to have to "work for it", like we had to and still do, to show us and themselves, that they have or want to acquire, what it takes to succeed.

imo...