NameSilo
 23:09:50:32 

Help a beginner. How to go for step 1

Labeled as opinion in Domain Beginners, started by Domain-Lady, Jan 28, 2021

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  1. Domain-Lady

    Domain-Lady Established Member

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    Hello community,

    Glad I found this website. I learnt a lot silently from here. I've gone through several posts but here is something personalised to my requirement.

    Please help me with some basic queries
    - How much the least investment I should look for to begin as domain investor (the minimum amount considering I don't have a lot to invest to begin with)
    - What is a good number of domains to start with?
    - If I shortlist recent drops and recent expired domains (some decent ones) and target my purchase as hand registration for upto $10 or $20 per name, will that be a good move to begin with (with low budget)

    Any opinion and guidance will be highly appreciated.
    Thanks.
     
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  2. rightdomains.net

    rightdomains.net Top Contributor VIP Blue Account

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    Hello. I'm not so experienced as many users here but i will answer how it looks by my side.

    .com is the king. Start from expiring, deleted and liquidate buys sounds good. Look for domains with popular keywords without unwanted characters, maybe max with hyphens.. About numbers of domains - 1 good domain will be worth more than 1000 of poor. If you will have good names buyers will find you themselves. Firstly invest your time to get serious knowledge. Better start with investing 3 months later than spend 3k $ for bad names. About amount for start i can't answer on it. Maybe try to treat domaining like serious hobby. Check is that something exciting for you for long range of time. Wish you much calm in this industry!
     
  3. Mister Funsky

    Mister Funsky Top Contributor VIP

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    Hello and welcome to nps!

    Without knowing your financial situation, there is no way to throw any numbers out regarding investment amounts. Even if you have good names, a 2-3% sell thru rate is what you can expect on average. However, if you buy smartly that number can be increased.

    Take 'emotion' out of the buying process...the first step is to identify your end user/buyer...acquiring a name that 'sounds good' is something that comes with experience but even then a end user should be mind...domain investing is a marathon rather than a sprint.

    The search function in the top right is your best friend here...take notes along the way as there are nuggets of information everywhere...trying to store it all in memory will eventually become frustrating.
     
    Last edited: Jan 28, 2021
  4. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    Hi

    learn how to purchase domain names that "sell themselves"

    then, you won't have to worry about "looking" for who might be interested in buying them.

    don't start ass backwards
    save the money, while reading, to invest in one quality domain first.

    quality, is always better than quantity.

    Good Luck!

    imo...
     
  5. Domain-Lady

    Domain-Lady Established Member

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    Thank you @mis
    Thanks @Mister Funsky
    I really want to jump into domaining but I am too tight on budget to begin with.
    I though may be some $500 to $600 spread in 6 months with an average of $100-$125 per month. So I can manage financial balance as well as I can avoid bulked up renewal costs if invested my compete budget at once.

    As per my draft, I think I'll go for 7-12 names (decent- dropped/expired, probably no auctions) targeting 50-75 names in bucket 6 months down the line.
    Meanwhile any sale may give me additional capital to investment.
    Moreover, I am not expecting xxxx or xxxxx sales to begin with. If my $10-$20 investment flips for $50-70, I'll go for it as $70 will give me a bracket of another 5 decent names or a decent auction pick.

    Without experience, that's how I think I'll go with my micro budget.
    With experience, is there anything you may like to add or guide me considering that sort of little budget.?
     
  6. Domain-Lady

    Domain-Lady Established Member

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    That is the bible in a nutshell.
    Thank you so much :xf.smile:
     
  7. Domain-Lady

    Domain-Lady Established Member

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    Thank you. That is the plan indeed but looks like I am already late.
    The good ones either difficult to trace or are already expensive to buy.
    Keeping fingers crossed. :xf.cool:
     
  8. Mister Funsky

    Mister Funsky Top Contributor VIP

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    Most of us here I imagine started with a small budget...always think quality over quantity. I've spent as much time trying to sell a 50 'dog' domain as I have for a 5000 domain before getting success.

    In the last year or so I've sold a hand reg for 3900 and sold a name for 3500 that I paid 3200 for (I thought it would be worth ten grand to the end buyer, a perfect name for them, but 3900 was as high as they would go). My error in the latter is that the name was so 'perfect', other buyers for the same name were hard to find.

    The best advice is to have an end buyer(s) in mind before spending any money...whether 8, 80 or 800.
     
  9. OmarVG

    OmarVG Top Contributor VIP

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  10. du6262

    du6262 Established Member

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    welcome to np(y)
     

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