Rather than just say it, lets put things into practice first.
In this example, I'll use two domains, a recent acquisition of mine compared to a stupid domain I handregged back when I started in 2016 :
Tool used:
https://instantdomainsearch.com
See the difference?
If you want to buy the .com there has to be several tlds taken imho for it to be a worthwhile investment. 10+ TLDS taken tells me that there is at least some kind of commercial interest in using the name. If they are NO TLDS taken when you try to register the .com
don't register it unless you understand brandables or have advanced knowledge of an upcoming generic product or trend otherwise you'll end up like I did back in 2016 with a crappy domain that can't be resold for even $0.01
. This is what experienced domainers are trying to show domain beginners. If you want to buy low and sell high or flip quickly at a liquidation value,
you need to buy domains that have demand and more often than not, these domains have already been registered by someone else for many years. You'll come to a better understanding of this over time as there are other aspects that need to be accounted for that can also affect value, but just focus on TLD's taken for now.
That is the most important piece of advice I can give you. Everything else can be learned through reading the domain beginners thread, following sales and making mistakes. If you can keep an open mind you'll do very well in the domaining niche. The opportunities are endless.
On a side note: If you want to make quick flips for small profit, your best bet is getting into liquid domains. Probably start with 4 Letter.coms.
Check out Namebio.com for past sales and Shortnames.com to begin learning about the dynamics of highly liquid domain markets. It's going to take time. Don't rush it. Analyze the charts, take notes.....treat this like any serious business if you want to make money, because it won't come easy.
Good luck!
