how do you find end buyers ? i have been using go daddy and also estibot and i do find a big imbalance in valuation...are go daddy doing it to draw you in as once you have registered a name through their site u have to sell it on their sight .. . also once you have registered a name through go daddy if you want to sell elswhere it will cost you a fee also to move it! and im assuming 1 in a 1000 might sell their registered domain through go daddy before they renew it otherwise go daddy will be doubling their revenue from everyone else who are stuck on their ridiculous appraisals who are being charged year on year hahaha ... i could be wrong but what do i know . still learning and want seeking better strategies as time goes by...so yeah end buyers i think id prefer to go down this route..
Good afternoon and welcome to NP.
The first step was joining here. There is so much information available it can be overwhelming sometimes but you need to soon learn which particular route you are going to choose which obviously depends on the amount of money you have to spend, the knowledge and skills that you already possess and how prepared you are to learn and how many hours per day you can invest.
If, for arguments sake you want to get to 100 domains I think that ultimately there will be some you sell or drop and in your first year you may have to drop more than you realize as exactly one year from now you will be faced with renewals. Follow some of the more established people on the forum and see what they are buying and selling and for how much.
You may eventually drop 50% of the original 100, namely 50 names but you will add this to your portfolio as you go along and you will always have your core 50 names which you believe in and know that you can sell.
Please always remember that buying domains is easy...literally, anyone with $5 bucks can do it. The hard part is selling them. You have to have a plan when you start which suits you and your situation but you always have to re-visit your plan as you move along and improve and hopefully make some money.
Please don't just jump onto something that is trending today. In most cases that means that you have already missed the boat and all, if not most of the top domains have already been snapped up and will soon be appearing for sale on the NP Chat forum.
Do your own research and know where your skills lie. Know where you fit into the equation. Only you know your market whether that be around your neighborhood or further afield.
Be patient. Slow and steady can also win the race.
Good luck with your journey and learn from the mistakes of others who have gone before you but also be brave enough to make your own mistakes as that is a quick way to learn too.
Regards,
Reddstagg
