Dreaming to sell your domain for millions?

[Keral_Patel]

Each and everyday you hear stories about some name getting thousands of dollars from the buyer. You also jump right into the game of domaining and hope for that lucky day to arrive when someone might get interested in your domain name. Right?

The main problem with newbies over here is that they do very less research and start spending their money on useless names. After 6 months or a year their moral goes down the drain and they are back where they were but with lighter pockets then before.

Some people get into the trademark mess. They get sued by trademark holding company and then they show their temper openly on forums and other message boards.

Some can't even monetize their domains to get the renewal fees for the upcoming period.

If you have 4 or 5 domains then you can surely shed the amount from your own pocket. But when the figure goes around 100's and 1000's it is very hard to renew the domains for the future.

My advice to newbies would be to stick at 25 to 50 domains. They can earn for 10 or 20 renewals per year if your names are below average. Some domain might get you more revenue and it can fill the gap for you. Ultimately the main thing is to not lose a domain for nothing. You should at least get its registration fees from it. This will not start downfall of your domain empire which you want to build. 1 dollar loss is also a big loss if you have more then 100 or 500 domains in your domain portfolio.

So what kind of domains you should buy?

Choose wisely on which name you are putting your money. Three characters .com's are creating a lot of chaos right now in the market. Their prices goes sky high in domain name aftermarkets. Generic dictionary words are also long gone. New TLD's are not so stable right now, dot-com still rules the internet. You might get lucky in some other TLD's but I wouldn't advice you if you are new in the game.

4 letters have 456976 combinations from AAAA to ZZZZ. Of them only around 5000 are left. Which is of course the garbage.

What do we do now if we still want to get out feets wet in this?

Look for some guy who is willing to sell his domain for less. There are plenty of places to find this kind of domains available for sale at lower prices. You can go to forums specially created for this kind of discussions. If you don't know any then here are some at http://www.Zeal.com Go there look for domain name forums look for some domains which might fall under our category and then approach the seller. Here also lookout for trademark issues and blacklisting for that particular domain. You can generally get this info from doing a whois search for that domain here http://www.whois.sc

Keep your eyes and ears open for latest news. It might shed some light and you might be the lucky one who grabs that name for just registration fees and sell it for 1000's. Work on them and get every cent out of them. This will keep you in the game. The main thing over here is not to win the game but to be in it and be till the last.

 

[JMJ]

lol thanks for the load o'crap full of spam.

 

[.root]

Not very helpfull, I'm a noob and never bought a domain yet, this hasnt helped.

 

[primacomputer]

You missed the most important piece of advice. Set up yet another name discussion forum and post a few shill articles to promote it on more established forums. The newbies who read the bad advice and are foolish enough to follow it to your forum will fit in well

 

[G_C]

I think it is an excellent and very informative post - given the steep learning of the domain industry, I think newer entrants like myself need all the help they can get!

One piece of advice that I could give to everyone is - persevere. If at first you don't succeed, try again. Chances are, with your first few domain names, you will lose money and you will be going nearly spastic about no one wanting to buy your domain names, especially after you see them appraised as reg fee. But, really, don't give up - pull yourself together and stay in the game, it's worth it!

 

[maximum]

I may not have near the number of posts as NameMogul.com or primacomputer here, but I'm going to state my two-cents worth about their comments, non-the-less. As a psychologist (non-practicing), I am appauled by the almost heartlessness. As a NamePros member, I could almost be ashamed - But, I am not, as they do not (I surely hope) speak for the majority.

lol thanks for the load o'crap full of spam.

nick_mayhem mentioned her forum *********. She was even respectfull enough inside NamePros to mention NamePros.com first! Am I missing something? Where is the spam? Your forum sig spam? No. Giving links to another forum? Unless you were an admin here at NamePros, I don't see how that would be your call. Please, if I misread something that is true spam above, let me know. I don't mind being proven wrong at all. I just don't see it.

Not very helpfull, I'm a noob and never bought a domain yet, this hasnt helped.

.root - Hopefully, you will buy that first domain soon. As to nick_mayhem's comments/suggestions not being helpful, you'll find alot of info around (some good, some bad, and alot you may not even understand yet). I am not saying nick_mayhem's suggestions were the best in the world (no offense meant, nick_mayhem :blink: ), but someone will learn something from them. Just becuase you didn't does not mean another domain newbie won't.

You missed the most important piece of advice. Set up yet another name discussion forum and post a few shill articles to promote it on more established forums. The newbies who read the bad advice and are foolish enough to follow it to your forum will fit in well

What is the most important piece of advice to domainers? I'm sure ALOT of members here, including me, would like to know :hehe: "Set up yet another name discussion forum and post a few shill articles to promote it on more established forums." - She did link to one she has set-up. You miss that point? Telling someone to do what they just showed you they did? "shrill articles" - Please, explain to me how anyone trying to help (rather very effective or not...they are freely giving up their own time and knowledge to try), is "shill". I read nothing above that is advertising anything, but advice....and it was given free


Rather we like someone's advice or not, who are we (OK, maybe the admins, but they own the place and it is their money and webspace) to condemn it? It may or may not be helpful to you, but a newbie may read something they didn't know or hadn't thought of yet. nick_mayhem took a long time to write that message, not counting thought behind it, and you condemn that. Isn't the reason we are here (atleast the main reason for most of us) to learn, trade ideas, and help support our domainer's industry? Next time I want to offer free advice, or answer someone's question, should I have to worry about what you all will think? No, I frankly won't care. The advice may or may not (we all have our opinions, but "rude" is not acceptable response) be something you need or think is the best advice out there. But, come-on: When you shoot someone down, just for giving their own tips or advice, you discourage folks from even coming in here. I really find it sad when members of such experience can just bad-mouth someone for trying to atleast help others who may not know what they do, regardless of how much that really is or not.

--------------------------
nick_mayhem:

I don't speak for the group (but I sure hope and suspect most would agree with me), but I'd like to say Thank You for posting those tips. Hopefully some newbies will benifit from them. :D

--------------------------
G_C :bingo:
--------------------------
Time to take a valium, and stop my ranting

 

[Keral_Patel]

Thanks, thanks and Thanks a lot. I am in no way trying to disrepute namepros.com. If admin here wants I can put their name on every article i write and post it on every forum I visit.

I thought that newbies who are losing their money would benifit from this. Admin can even keep this article here without my HyperLink. It does not matters. The main thing is contribution to the community.

As a forum owner myself. I know what makes Admin angry and what not. Spamming is against the rules.

I am also not self promoting myself. I am giving tips. And I had submitted this articel to some places else where I haven't removed namepros from the article.

So am I spammer? Anyway thanks and if admin here doesn't like this articel then he can surely remove it.

Thanks once again.

 

[maximum]

Yw

 

[dongan]

True. Cool. Mentioned all the things what i did initially without analyzing and learning. Very cool.

 

[Michelle]

I was a noob not so very long ago and without the help and advice given around here, I would be long gone.

Its nice to share even if alittle.

Its easy to forget what we once did not know :hehe:

 

[fonzie_007]

Not sure why people had issues with Nick's post, but I think it is fine. It is easy to read and understand and I would think you would be quite helpful for those begining their hobby/career in domaining.

In fact, I will even leave Nick positive rep for his post. It was long, thoughtful, and was aimed at helping others.

 

[Ben]

Nice post Nick; rep++.

 

[JMJ]

I may have been a bit out of line but can you tell me why the same article on your forum doesn't have the same link to Namepros.com? If the post/article wasn't anything but helpful information then why wouldn't you include it on your own site? Were reading this artcle here why do we need to know how to get here?

 

[Shorty]

It's a nice enough article for a new person in the game to understand, leave the guy alone. If he wants to reward himself by attracting visitors then let him.

 

[Mark]

I may not have near the number of posts as NameMogul.com or primacomputer

Which might be why it wasn't mentioned that it is against NamePros.com RULES to advertise other domain forums .......


http://www.namepros.com/faq.php?faq=namepros#faq_site_rules

As a forum Staff, our primary focus is building and nurturing the Namepros community. We respect that every forum has their own unique qualities of good and bad, however we ask that you do not use NamePros or WebDesignTalk to promote, OR conversely, to depreciate other domain/web design related discussion forums. Likewise we also ask that you do not use other domain forums to advertise for NamePros. This makes for an overall more fair, healthy and friendly environment

Removed the links from the threads and signature .... Do not advertise it here ~

 

[two4one]

this post is nice enough for getting a brief idea in how to spend in domaining industry?

 

[Keral_Patel]

Yeah thanks people for your support. And I don't think that I should even mention namepros here so I edited a bit. People can surely find out where to look for and where to not. I was just giving tips.

I had already written that this is for newbies. So if pros get angry seeing this then just ignore it. This is strictly for newbies.

Thanks once again.

 

[primacomputer]

I may not have near the number of posts as NameMogul.com or primacomputer here, but I'm going to state my two-cents worth about their comments, non-the-less. As a psychologist (non-practicing), I am appauled by the almost heartlessness. As a NamePros member, I could almost be ashamed - But, I am not, as they do not (I surely hope) speak for the majority.


nick_mayhem mentioned her forum *********. She was even respectfull enough inside NamePros to mention NamePros.com first! Am I missing something? Where is the spam?

As has been pointed out by the staff it's against the rules to tout another forum here. But that's just a local rule.

What I take exception to is the way it was done. The OP didn't disclose their interest in the forum they were “recommending” which is bad enough. To top it off the forum was misrepresented as some sort of great place to get domain information, on par with Namepros. In reality it's a new forum that had a handful of posts. Last but not least is the overall quality of the “advice” including inaccuracies. (ie there are not only 5,000 4Ls left. There are at least 80,000)

I'm all for people trying their hand at writing a bit of advice even if they don't get it perfect the first time. In fact I was originally going to offer some constructive criticism. Ironically it was when I went to check out this “other” recommended forum that I began to smell spam cooking and changed my mind.

 

[maximum]

NameMogul and primacomputer,

I was wrong, to an extent, I more than happily admit. Forgot about the rule, which you and Mark have pointed out. Sorry about that! :] But it was the way the first responses were given that caused my post.

Now, can we just all get along? :D NP

 

[Keral_Patel]

Dear namemogul and primacomputer.

You can now see this doesn't even has any baccklinks.

So now it would be good enough for you people. Am I right?
Let me know if you have any other problems.