Domaining Venture a Long Shot for Newbies?

[jayph]

With $500 in hand willing to invest on domain names
basic knowledge of domaining
getting bullied by bidders
overwhelming auction & drop catchers' prices

so going back to the question. Is it [domaining] a long shot for newbies out there.

*oops sorry. wrong thread. mods please move if ever i posted it on the wrong thread. my bad

 

[Spade]

Jayph,

The answer is yes and no. As a newbie you shouldnt be spending a dime yet. Information is free on forums and learning before acting is a huge move. Having a "basic" understanding is no longer enough to get started with that kind of capital.

There are bargains to be had, but decisions must be made on what kind of investments you want. Are we looking short term flips or long term holds? I might recommend looking for the "mid-class" domain names. Ones with less competition but potential. There are still deals out there - you just need to find the right "niche".

Good luck!

Justin

 

[Chef Patrick]

this is a great place for you to learn.

i believe you emailed me the other day, if you still need help don't hesitate to ask.

 

[jayph]

@Spade - Thanks. Im actually interested with what this industry has instore for me.

right now, im trying to grab keyword rich domain names and develop it, also having some high paying type ins and typo keywords would be nice. :D

@Chef Patrick - Thanks for the quick reply, really appreciate it. Sure. Ill sure do that if i have some big ?? on top of my head.

 

[interestedenough]

I think domain name investing you need three things which you either have or learn by getting burned (I know I have):

1. Equilibrium between Patience and knowing when to dive in
2. Understanding trends
3. Having access to the tools (i.e. knowing where to buy the domains)
4. And Patience, Did I say patience?