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This video is a long form explanation showing you how to take domains from a newsletter or solicitation and analyze them using domainacademy.com tools.
We use in depth research into the data around the domain names and I guide you through the steps I would take to determine if either of these domains is a good domain name to bid on or not. Let us know if this is helpful or if you have any questions in the comments.
**These videos are provided for educational and informational purposes only and do not constitute investment or financial advice. Always do your own research before making a purchase of any domain name. **
Key Topics:
Domain Evaluation Process: Joe from the main academy.com explained the process of evaluating domains sent via email, emphasizing the importance of making wise investment decisions. They introduced Snap Names featured domain auctions and discussed the domains flexiderm.com and best.com. 0:00
Flexiderm Domain Analysis: Joe analyzed the domain Flexiderm, noting it as a potential brand for a medical product but highlighted concerns about its similarity to the trademarked Plexiderm. They used Domain Academy tools to gather data, revealing low search volume and no significant advertising or company usage for Flexiderm. 0:54
Besst Domain Analysis: Joe evaluated the domain Best with two S's, noting it as a short, brandable name with higher adoption and search volume compared to Flexiderm. They found 47 TLDS taken and several companies using the name, indicating a higher potential resale value. 10:06
Comparison of Domains: Joe compared Flexiderm and Best, concluding that Best has a higher value proposition due to its wider adoption, higher search volume, and more potential buyers. They recommended bidding on Best over Flexiderm based on these factors. 18:21
Domain Academy Tools: Joe demonstrated the use of Domain Academy tools, including the research snapshot and valuation worksheet, to gather comprehensive data on domains. They emphasized the importance of using credits sparingly and adjusting data as needed for accurate evaluations. 2:46
Comps and Valuation: Joe discussed the importance of comparing similar domain sales (comps) to determine the value of a domain. They used various tools to pull comps and provided insights into the expected retail and wholesale values for both Flexiderm and Best. 6:19
Actionable Insights: Joe provided actionable insights for domain investors, recommending Best as a more valuable investment due to its higher adoption and potential resale value. They encouraged viewers to use Domain Academy tools and resources for informed decision-making. 18:21
