Easy Path To Successful Domaining

[kubativity]

Lately I have been considering the state of the domain industry and wondering why it is such a difficult business to make a good living in. I could cite many reasons today, but It is has always been an uphill battle. I remember many times over the years that I felt like given up on domaining altogether.

Recently I have discovered an easy path to domaining profit that you can use. The concept is very simple: Instead of trying to find the highest quality domains and investing in them in hopes of a big score, find good ones that you can flip for a low cost. Its actually not too hard to make a sale if you ask for anything in the range of $50 - $200.

Focusing on the FLIP rather than the acquisition of new names can give you a lot of good sales experience fast and put some money in the account for when renewals come up.

There is always the emotional side when you are negotiating (even to yourself) a price for a name. You feel unwilling to sell a name for less then its true potential value. But remember, you cant pay the bills with potential value. Its smart to let things go sometimes even if that means making a sale for a lot less than you wanted.

Another great advantage to flipping low cost names is that your clients will see you as a quality service - acquiring a good name- rather than a ruthless squatter looking to capitalize with a high payout.

Recently I have been liquidating my portfolio to some extent and selling a lot of names for peanuts and I have finally come to the realization that this is the way to go. You could actually sell a lot of volume rather than look for the big score. The sales experience you gain while selling your "bargain" names will also prepare you for when a larger sale may come your way.

 

[jimmyray]

Where have you been selling your names?

 

[Friend42]

Note that domaining is simple, simple ..But time is very important..

 

[Theydon]

I think perception can be "here we go, rip off time" when companies are approached about a name, add to this the fact domainers hardly ever mention a price and you can understand the uphill battle.

I like mentioning a price if you are selling in the low xxx-xx area, sometimes this helps to remove the perception above. So yes I agree with you kubativity, this is a good strategy for a % of your portfolio.

 

[lincolndsp]

OP, define successful domaining

 

[kozey11]

Flip? It's not that easy to do.. I regged africapublic.com for about 3.99 it took me 6 months to get it to where it is now 100 visitors per day on average..

i don't want to sell it now because it took so much time, money and effort.. i've decided to brand it..

But if i was to sell it, most of these lowballing resellers would offer me xxx, and while it might be a good profit, its a stupid one as the value of the brand has risen.. and they could resell it for much more

So imo its not just easy to flip

 

[johname]

There are positives and negatives to the different ways of domaining. Positives for yours is you get cash flowing and wipe out some renewals, and give the credit card a break. Negatives is your working with a portfolio that took you time to build and your profits are really long term profits. And now you will be tempted to replace names quickly and the replacements may be comparably low quality. Also you probably grab/got replys, from the low-hanging fruit of your portfolio whether you know it or not, and selling the rest may not give you the merriment your feeling now.

Point is there nothing new here. These are concepts as old as buying and selling. NP member curecancer talked about high volume low price expectations method of domaing for a long time on here.

Whatever works for you and give you a profit, Goodluck

 

[buyresaledomains]

This is my exact biz plan. But more in the 500 to 750 range.

 

[Name Trader]

I'm interested. Please send me a list of your domains with prices.

 

[alien51]

Point is there nothing new here. These are concepts as old as buying and selling. NP member curecancer talked about high volume low price expectations method of domaing for a long time on here.

Which is probably why the main threads here at Namepros, have become the newbie threads. While the old-timers (and the mods, LOL) are now just hanging out in the Godaddy Coupon threads.

---------- Post added at 03:05 PM ---------- Previous post was at 02:11 PM ----------

By the way, the Tags on these threads are crazy! Makes me LOL all the time.

 

[Name Trader]

So you noticed that too I never even open the GoDaddy Coupons thread :tri: But I agree the Mods seem asleep at the wheel :td:

 

[alien51]

I never even open the GoDaddy Coupons thread

You are a Bulk Buyer. You don't need Godaddy coupons.

But seriously, you pass on 99-cent deals ??

 

[alien51]

Well, we need to see the cash-flow equation first, before we can assess a state of bankruptcy. I'm not sure how many domainers do that kind of economics assessment. Some domainers could be selling like pancakes, and yet their revenue gets eaten by buying and renewal costs.

Sustainability is another issue. I don't think domaining alone (minus the parking clicks) can be qualified as passive income. Repeat Sales, is a complete lottery.

And then lastly, Practicality. No matter how high is the ROI, if it is giving just a paltry annual profit, it could pay-off your cost of living. But can doing a stable day job, offer you a better financial return?

 

[evalyn]

This is it what I was looking for thanks for share this nice information here.

 

[kubativity]

Wow, thanks for all the great responses!

Let me try to answer some of your questions:

Where have you been selling your names?

I sell my names directly to end buyers, local stores, on phone or walking in. I also work the web industry so I always find myself positioned to pitch a name at some potential buyer. Basically the summary of this thread is that I have come to realize that in the past my mistake has always been pricing names too high. It is far better sometimes to let some go for cheap and move on.

OP, define successful domaining

Of course everybody has a different definition of success. In the context of this discussion I will define success in domaining as a function of the time you put into it versus the money you get out of it. So a good definition of success in domaining would be that with domains you are earning per hour at least the amount you make at your regular job. (otherwise just try to get more hours at work

I'm interested. Please send me a list of your domains with prices.

I don't give out lists and prices. If you have an area of interest I could show you a couple names and we could negotiate a fair price.

Well, we need to see the...

well put.

 

[lincolndsp]

sell my names directly to end buyers, local stores, on phone or walking in. I also work the web industry so I always find myself positioned to pitch a name at some potential buyer.

thanks for the recipe. is the above > domain itself in your sales path you think?in other words imagine being a nigerian prince, would you still have it as an easy path?

 

[ProSence]

I think, he is talking of selling in $1 auction..

 

[Name Trader]

You are a Bulk Buyer. You don't need Godaddy coupons.

But seriously, you pass on 99-cent deals ??

Yes I pass on them. Using GD Coupons is too much trouble for my taste. If I want to register any new domains I do that at my preferred registrar, Dynadot. The $7 difference is worth it in time savings, imho. I have better things to do than to compile a list of domains I want to register, and then wait for a 99c coupon to come along for one measly domain. Reg the domain, wait two months and then transfer to Dynadot. Rinse and repeat. It ain't worth the time, bro. How much is your time worth?

I do have a Domain Discount Club membership which gives me GoDaddy's cheapest regular prices, ie $8.39 for .coms, without having to bother with any coupons. I use that mostly for my GoDaddy Auctions purchases (since I don't register anything at GoDaddy).

 

[alien51]

I have better things to do than to compile a list of domains I want to register, and then wait for a 99c coupon to come along for one measly domain. Reg the domain, wait two months and then transfer to Dynadot. Rinse and repeat. It ain't worth the time, bro. How much is your time worth?

I did TIME the effort it takes to unlock, get transfer code, logon to Godaddy, get pass thru the trash offer pop-ups, enter code, execute the transfer. Took me around 5 minutes for $7 dollars. Not that bad for me though.

What irritates me are the stupid GEO-LOCKED Godaddy Coupon codes, which you will never find out until after you've gone thru your 5 minutes of transfer shit, entered your credit card, then an error says your credit card DOESN'T WORK because the coupon only works for Caucasians. As an alien, it hurts my feelings. Not to mention my 5 minutes never gave me my $7 dollar returns.

It's a stupid game. And many folks (not all) posting coupon codes in the Godaddy thread, never say whether the coupon is geo-locked or not. The frustration is not worth it. Never mind my 5 minutes of time lost going through the whole thing.