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*** For Newbies Only ***

Labeled as guide in Domain Beginners, started by johnn, Sep 11, 2020

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  1. johnn

    johnn WeSellName.com VIP ★★★★★★★★★★

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    Just want to share mistakes that Newbies normally make from my experience - Do not attack.

    1. Spend time to read before buying any name
    2. Cheap names are not good - Good names are not cheap
    3. Stay away from Trade Mark names: Apple, Toyota, Dell, etc...
    4. Ignore any Appraisal. They mean nothing - The price is set when there is an agreement between Buyer/Seller. You can sell the same name for small company for $1,000 and big company for $100,000
    5. Stay away from cc/tld name - Focus on .com only
    6. Understand what is a dictionary word. Adverb or adjective is not a word
    7. Any sale information from the past does not guarantee the sale price in the future
    8. Buy names from Forum and list them somewhere (Afternic, Sedo, etc...) You will have a hard time to sell names here as everyone here is looking for a bargain (They claimed they are Resellers).
    9. You need to have money to invest before starting. You just waste your time if you only have $10 or $20. Don't expect to buy something for $10 and turn around and sell them for $1,000 - It may happen if you have experience but the chance is 1/1,000
    10. AND THE NUMBER ONE MISTAKE even OldTimer Make is putting 2 Words together. It may sound good but it worth NOTHING. Ex: CasinoHusband, PlasticMoon, PaperCoin, etc...

    There are many more but these are the common mistakes.

    Good Luck.
     
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  2. vindo

    vindo New Member

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    Thanks @johnn for sharing these great tips.
     
  3. ShawnTeo

    ShawnTeo Established Member ★★★★★★★★★★

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    Thank you for this post! I agree with most of your points as a newbie.

    Interesting to note that I've been doing things against the grain, breaking a lot of those rules.

    However, I'm looking to make my first sale on a hand-reg of a non .com cctld domain that I bought for less than $5 and held for 2 months exactly. It'll be a low X,XXX sale.

    BUT I have to say, I am exploring the "niche" I'm going into for the domains I purchase.
     
    Last edited: Sep 11, 2020
  4. blogspotter

    blogspotter Top Contributor VIP ★★★★★★★★★★

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    And then there are newbies who, instead of trying to introspect on their mistake start getting defensive of their buys.
     
  5. ShawnTeo

    ShawnTeo Established Member ★★★★★★★★★★

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    I must say one point of growth I have made is realising what a shit and unsellable name might be. At the start, I really regged a few of these, now I pick slightly better names (or so I would like to think)
     
  6. bookname

    bookname Upgraded Member Gold Account

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    Nice share !
     
  7. rawapesona

    rawapesona Established Member

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    Thanks @johnn for sharing
     
  8. mumin4sure

    mumin4sure Established Member

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    The point no. 10
    Did you mean 2 words domains are not good ?
    Or you mean two unrelated words domain ?
     
  9. NickB

    NickB Wales.org VIP

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    Exactly - don't throw any old random words together - they need to make sense

    For example some good combinations could be.....

    SmartTech
    GreenEnergy
    GoVegan
    StyleStudio (on expired domain list atm)
     
    Last edited: Sep 12, 2020
  10. Bob Hawkes

    Bob Hawkes Top Member NameTalent VIP Gold Account Trusted Blogger

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    It is a good list @johnn - I particularly think points 7, 10 are too often overlooked or ignored. And glad you started with #1!

    But with respect to...
    I think most literary folk would say that adjectives or adverbs are definitely words! Perhaps your intention is to say they are not good domain names (in many cases)? Definitely true that in general nouns preferred and then verbs. But of course this, and all, rules come with exceptions. For example in 2020 two adjectives that sold for high amounts include profitable at $200,000 and satisfying at $50,000.

    I personally do not agree with #5 as worded. Had it said focus mainly on .com I would have been fine with it (or perhaps even if you are in the USA focus on .com). An important principle is to invest in what you know, in my opinion. Many know their own country code landscape well, and also if someone had expertise in say artificial intelligence it seems strange to me to tell them to stay away from .ai. While the vast majority of names that sell are in .com, so are the vast majority of names for sale in .com. The sell-through rates are not very different across a number of TLDs (e.g. .org and .com are very similar in sell-through rate in recent years, and .io has a sell-through rate advantage over both), and that, along with average acquisition, holding and selling prices, are the key factor in what is a better investment. I do realize many do agree with you on #5 (and will probably jump on my post), just giving my view.

    Of course there are exceptions to all rules, yours or anyone else's. We saw a $300,000 exception to your rule #2 last month.

    But, to end on a positive, i do agree with most of your list, and thank you for your many contributions to the forum over many years, and for taking the time to put together this list.

    Bob

    PS I just realized your title, maybe I was not supposed to even read this thread? :xf.eek: I do regard myself as still new though!
     
    Last edited: Sep 13, 2020
  11. Maximinus

    Maximinus Established Member

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    Two unrelated words together can create the most excuisite domains.
    For example: MicroSoft, BlueOrigin, SalesForce
    Theese are not exclusions. Theese are the so called "Brandables"
    Thinking outside the box can be rewarding ;)
     
  12. PapaTama

    PapaTama Established Member

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    not always


    really? I only have $ 8.99 for a hand reg and sells it here via DM for $ 100 after a few hours
     
  13. Mr. Deleted

    Mr. Deleted Slabaugh.com 800-266-2728 VIP ★★★★★★★★★★

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    Ive had success with a name that I bought for next to nothing, held for 3 years and then got a 1000 dollar offer for it, but those are rare as you stated.
     

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