Richardomatic247
Established Member
- Impact
- 6
Here are the successful strategies of Michael Cyger who left Nuclear Engineering secured job to domaining and made $1 Million without enough capital or luck.
1. Scanning of Godaddy auction and closeouts on a daily basis for at least 1 hour searching for low cost domains:
2. Targeting $1 auction brandable domains:
3. Targeting $5 closeout brandable domains (using No.2&3, he acquired PiggybankPro.com for less than $10)
4. Limiting annual spending to 10% of cash reserves to allow learning.
5. Setting aside 25% of budget for opportunistic auction buys.
6. 20% of budget is set aside for 100 closeout domains.
7. The remaining of budget is meant for renewals and domain tools purchase.
8. Focus is on domains selling in the current market, which is also within the budget above.
9. Prioritizing blue Chip single words e.g Tulip.com, Brew.com.
10. Diversifying into brandables, exact match and trending terms.
11. Buying of expired domains with backlinks
12. Validating domains via groups to avoid mistakes.
13. Targeting emerging TLDs like .io for developer tools.
14. Maintaining lean portfolio (his portfolio is not more than 200 domains).
15. Reinvesting sales to upgrade holdings.
16. Niche focused.
17. Monitoring competition to spot trends.
18. Budgeting for 5-year renewals at $10/domain.
19. Diversifying across domain marketplaces for mitigation.
20. Shifting income to LTO for expensive domains.
21. Retaining ownership of domain while receiving LTO payments.
22. Building network with brokers for opportunities.
23. Building network with end users for opportunities.
24. Maintaining discipline and patience while waiting for sales.
25. Maintaining essential skill like spreadsheet management.
26. Leasing for higher return
27. Wholesaling for quick flips (at a $99 price)
28. Aiming $10k - $25k for premium domains.
29. Outbounding to networks via email outreach.
30. Avoiding aggressive buying.
31. Pruning low quality domains.
32. Showing up daily (consistency) for domaining.
33. Always learning from online domain resources like DomainSherpa.com
1. Scanning of Godaddy auction and closeouts on a daily basis for at least 1 hour searching for low cost domains:
2. Targeting $1 auction brandable domains:
3. Targeting $5 closeout brandable domains (using No.2&3, he acquired PiggybankPro.com for less than $10)
4. Limiting annual spending to 10% of cash reserves to allow learning.
5. Setting aside 25% of budget for opportunistic auction buys.
6. 20% of budget is set aside for 100 closeout domains.
7. The remaining of budget is meant for renewals and domain tools purchase.
8. Focus is on domains selling in the current market, which is also within the budget above.
9. Prioritizing blue Chip single words e.g Tulip.com, Brew.com.
10. Diversifying into brandables, exact match and trending terms.
11. Buying of expired domains with backlinks
12. Validating domains via groups to avoid mistakes.
13. Targeting emerging TLDs like .io for developer tools.
14. Maintaining lean portfolio (his portfolio is not more than 200 domains).
15. Reinvesting sales to upgrade holdings.
16. Niche focused.
17. Monitoring competition to spot trends.
18. Budgeting for 5-year renewals at $10/domain.
19. Diversifying across domain marketplaces for mitigation.
20. Shifting income to LTO for expensive domains.
21. Retaining ownership of domain while receiving LTO payments.
22. Building network with brokers for opportunities.
23. Building network with end users for opportunities.
24. Maintaining discipline and patience while waiting for sales.
25. Maintaining essential skill like spreadsheet management.
26. Leasing for higher return
27. Wholesaling for quick flips (at a $99 price)
28. Aiming $10k - $25k for premium domains.
29. Outbounding to networks via email outreach.
30. Avoiding aggressive buying.
31. Pruning low quality domains.
32. Showing up daily (consistency) for domaining.
33. Always learning from online domain resources like DomainSherpa.com
