Labeled as domain in Domain Appraisal, started by OnlyLong, Sep 17, 2019
Hi, does the domain have value for commercial use?
Does it make sense to put it up for auction?
I don't think this has any commercial value. Wtf is a "dip bio"?
If you google "dipbio" then this thread comes up. That's always a bad sign (because it means the phrase doesn't have a lot of use in common nomenclature.)
A good start:
Ask yourself before buying...
1. Can you truly see the domain being used in a marketing campaign for a company, service, or product?
2. How much money do they have to spend on a domain? A local hairdresser who works out of her home in a town you've never heard of is not going to spend 2k for example.
3. How easy is it for them to get an equally good name for cheaper or even hand reg price?
4. Are you confident enough in the value of the domain, it's return on investment and risk of not selling that you'd happily pay double the price and renew the domain for 5 to 10 years if you have to. You don't have to do it, but you should feel THAT confident or you're not domaining.. just gambling.
5. Avoid trademarks, incorrect order of words, incorrect tense of words, incorrect plurality of words... Just ask someone who speaks the language if it's right or wrong.
Thanks for the answers and instructions. Now I'm starting to think that I have no standing domains in my portfolio)))
Honestly, no matter how long you've been domaining... Every year you'll back at the purchases of the previous year and realize your mistakes. This is because if you're a serious domainer you'll be constantly learning and improving.
It's the same thing with being a writer. Even if you stop worrying for a few years, you'll be better every time you write than the previous time (on average)... Because as people we grow and learn.
Our jobs as domainers is to try and shorten the time between the different skill level jumps by reading all the blogs, doing courses, studying historical sales figures, analysing data points, buying and selling and learning from our mistakes, speaking to our peers and learning from them, collecting and mastering tools, learning valuation methods, methods and places of gaining exposure, and if you can find a coach or mentor that can also jump you ahead a few years.
You want to move as quick as you can between these various stages:
My own definitions:
Newbie - no profits ($x to $xx)
Beginner - some profits ($xxx)
Intermediate - significant profits ($x,xxx)
Professional - an actual income ($xx,xxx)
Expert - an impressive income ($xxx,xxx)
World class - top of the game ($x,xxx,xxx)
Separate names with a comma.