NameSilo

Before you quit, try once more!

Labeled as advice in Domain Industry News, started by Arpit131, Oct 31, 2017

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  1. Arpit131

    Arpit131 Top Member Epik.com Staff VIP

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    magic.jpg
    Looking back into my journey in the domaining world, I realize that there is so much that I have learned along the way. One of the most important of those things is to NOT GIVE UP!! And that really changed my life in a very positive way.

    Here is a call to everyone who is starting out now or who hasn't yet made it into this industry and trying your hands into it. Things will work if you try harder, and smarter! They definitely will!
    Here is a look into my journey and what worked for me. Maybe it works for you too!

    When I started out, a friend and I pooled in $40 each to buy some domain names and flip it for some "quick" profits. Even before we bought a domain name, we were day dreaming of quick flips and what we would do with the $1,000 coming next week. Or maybe next-to-next. That never happened!

    We bought 8 domain names from a list of 70 odd names that we had researched. It was a week, a month and then 6 months and the names did not sell. Instead, we became victims to appraisal scam and lost faith in the industry as a whole.

    Eventually, reading and learning everywhere possible and desperate to see some success, a year passed. I was still reading, researching but to no avail. Before expiration, I decided to renew one of those domains and buy some new ones. This time, a domainer friend of mine advised me to go with geo names. 2 names was all I bought. And decided to give the outbound marketing and domaining business, one more try! Didn't work out!

    I was obsessed looking at the sales other people were making. I was the one lagging behind. How could I not do it! I tried it one more time. And decided to keep doing it until I made at least one sale. Bought 2 more and then 2 more. Finally after 13 months of buying my first domain name, I struck upon a sale of $250. Converting $10 to $250. What an ROI! That was it.

    I had found my niche. Geo-domain names it was! I invested all the money I made into geo names, researching for days and then doing outbound for each of them.
    Things started growing exponentially. Soon, I had a portfolio of over 100 names, flipping some of them every week, built a team of my colleagues to do outbound marketing for me. One was generating leads. The other was sending out emails. Things never looked back since. Until I left domaining due to personal reasons.

    Over the years, I sold 100s of domain names, mostly in the price bracket of $250 to $450.
    It was a big deal. I was able to pay for my education and do things that mattered. Although I blew a major portion of it endlessly, I knew how to make money in this industry.

    Had I not tried it one more time or had given up, I wouldn't have discovered it.

    Take away :
    1. Consistency is the key.
    2. Learn from your peers. Not everyone is a cheat. There are good people out there. In our industry, there are some, who would go out of their way to help you.
    3. Do not give up. If things don't work out, try harder. More so, try smarter.
    4. The only reason things may not work for you is because you are not making them work. There is a difference between "need" and "want". If you need it, you will find a way to achieve it.

    P.S. I am no success story. However, I made it when things seemed impossible. It was all due to encouragement from a domainer friend from NamePros. If I can, you too can!! I am back into domaining and doing well so far.
    I think it is more of a skill that you develop. Once you develop it, you can use it over and over again.

    I am open to your ideas, success stories and learning experiences.
    Kindly share it. We will all get to learn from it.
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. saj110

    saj110 Established Member

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    @Arpit131 Thanks for sharing your personal experience. This was a very encouraging and highly motivating post and I am sure that after reading this post, many newcomers (like me) will definitely get their engines running on full throttle again, incase they have kind of, slowed down (y):xf.grin:
     
  3. Casey L

    Casey L Top Contributor VIP

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    Do you have an max acquisition price for geo domains?
     
  4. Findom

    Findom Established Member

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    A perfect timing! Thanks a lot (y)
    I'm now just past the "daydreaming" phase.
     
  5. Grilled

    Grilled Black Lives Matter VIP

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    directly from Galaxy Quests historical documents.
     
    Last edited: Nov 2, 2017
  6. aeroomkar

    aeroomkar Established Member

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    Thanks for sharing your experience. It is really encouraging for a newbie like me. I just started my journey.
     
  7. Pierre Barnard

    Pierre Barnard Top Contributor VIP

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    Man, I think ALOT of us needed that. Thanks for sharing.
     
  8. DeeJay23

    DeeJay23 Established Member

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    Thank you for sharing! Newbies, like me, really need this kind of motivational stories. I've been trying to flip my registered domains for 3 weeks now and still no positive feedback. But reading your story, it really is not an overnight success.
     
  9. howudoin8

    howudoin8 Top Contributor VIP

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    You can start by fixing fixing links in your sig mate......:xf.smile:
     
  10. maxtorz

    maxtorz Established Member ★★★★★★★★★★

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    Geo names are great for a quick flip and to keep the wheels turning for sure.
    It's time consuming and you must be consistent and disciplined to follow up in order to close deals. A LOT of people joined the bandwagon and you must work harder for "the bone":xf.grin:
     
  11. BaileyUK

    BaileyUK Account Closed (Requested) VIP

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    Nice reading. Always an education in different aspects of domaining when it's put down succinctly like yours. I must admit I've never dabbled in Geo domains, preferring to stick with 'technology brand names' and short two word combos. I don't think I should change course just stick with what I know and seems to work. and that's what I always tell others
     
  12. elevator

    elevator DnCombo.com VIP

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    Very good story for everybody including newbee like me. Thanks for sharing @Arpit131.
    Cheers.
     
    Last edited: Nov 3, 2017
  13. LoveReaps

    LoveReaps Established Member

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    Needed that, Thank You.
     
  14. domainscouter

    domainscouter Established Member

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    Thanks for sharing! When domaining gets tough HODL and keep grinding!
     
  15. Soofi

    Soofi Top Member PRO VIP ★★★★★★★★★★

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    much more success to you and your hard work!
     
  16. Arpit131

    Arpit131 Top Member Epik.com Staff VIP

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    They are all hand registered .COM. So $10 max ;)

    All the best buddy!!

    I owe a big part of this to you brother!! I have learnt a lot from you and the amazing conferences that you so amazingly craft!
     
  17. Arpit131

    Arpit131 Top Member Epik.com Staff VIP

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    Always a pleasure guys! Thanks for the overwhelming response. I'd keep sharing my personal experiences, tips and tricks on how the learning curve can be shortened and we perform better!!

    Cheers!
    To your success!!

    If you have any questions or doubts, feel free to ask!
     
  18. youaintme

    youaintme Established Member

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  19. domainrz

    domainrz ... VIP

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    @ Arpit131, Thanks for sharing such a wonderful and motivational post
     
  20. 1Darko

    1Darko Top Contributor VIP

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    1001 Domain stories and lessons - Thanks @Arpit131 (y)
     
  21. gervigov

    gervigov New Member

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    Thanks, very encouraging @Arpit131
    For those of us just starting, any tips you care to share on Geodomaining?
     
  22. KhaledA

    KhaledA Established Member

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    Thanks for a valuable insight !
     
  23. KhaledA

    KhaledA Established Member

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    What did you use to get payments : PayPal ,Escrow,.....?? any problems?

    Thanks .
     
  24. Arpit131

    Arpit131 Top Member Epik.com Staff VIP

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    It has been more of a numbers game for me. My selling price is usually $250-$450. So, I focus on the numbers more.

    I use PayPal. Besides, the sale is small. So, the buyer doesn't have any problem sending the payments first.
    Also, I share my LinkedIn profile in my email along with Skype id and phone number. That builds trust and the buyer doesn't have to go to Escrow for such purpose.
     
  25. ValleyRock

    ValleyRock Sales and Outreach

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    To that which we put effort, we succeed.
     

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