question How many domains do you own?

[SES]

Hey guys,

I am trying to build a pool of domain. Wondering how many other members own and their angle to domain investments. would love to hear your replies.

I currently own few but looking to for more everyday.

 

[Eriq Triumph]

Zero. I'm just here for the root beer floats. ;D

On a serious note, I wish you the best in your pursuits in domaining.

 

[SES]

Thanks dude, craving a float right now.

 

[Eriq Triumph]

Thanks dude, craving a float right now.

Salut!

 

[Recons.Com]

around 1000

 

[SES]

nice, thank you for your reply Recons dot Com. how do you manage all of them?

 

[Recons.Com]

You are welcome.

Still figuring out the best way to manage. Will probably direct to a storefront with buy it now prices for most. Will have few with BB, flippa and other venues. But mostly the idea is to keep a pool for my marketing clients, as well as my own web projects.

 

[SES]

Sounds great. I can't wait to have a pool as big as yours. All the best and good luck. Any beginner tips?

 

[Recons.Com]

Stay away from the bubbles unless you started it )
Buy only the ones that for you, as a business or website owner, would be the best option.
Test them for how they sound, are they confusing, are the words in right order.
Buy 1 or 2 worders, plus created words, but only after you are sure you understand how those patterns work. If you can find good LLLL dot coms for good price, go for it. Yes, mostly stick to dot coms.
Do the simple math regarding profitability of the domains. Because the domain market is not liquid, cash is the king ) Buy cheap when you can and make sure you have enough cash flow to hold on for sales to come. For good quality portfolio at fair pricing you'll be selling 2-3% of your domains a year. And that has to pay for renewals, replenishing/increasing the inventory and profit. So you can't sell for too cheap. Do the math, basically, what the prices have to be.
Many investors also let good names go because they did not get offers in 1-2 years. But, again, only 1 in 20-50 names will be getting an offer in any given year, so that does not mean it is bad.

If you want, send me PM with the sampling of your 50 domains and I will tell you in my opinion which patterns in your investment are worth pursuing more.

 

[Smarttrader]

More than 5000

 

[Eriq Triumph]

2771 at the moment. Recons.com gave you some excellent advice there. Good stuff.

 

[SES]

Thank you Recons for the advice, really appreciate it. are there still some LLLL.com available? or have they all been taken?

Thanks for the posts guys, geez you guys own a lot!

 

[Eriq Triumph]

LLLL.com was bought out long ago. They are available on the aftermarket of course.

Quantity is not nearly as important as quality. :D

It's important to clarify your business plan and stick to it, so that you don't become personally attached to anything that is red and shiny and just bleeds renewal fees from you for years.

There's still plenty of money to be made in the aftermarket, with flips/resales of quality domains, and/or buildouts of brandables or other domains with development potential.

Keep reading. There's lots of great advice here. And keep asking questions.

Best,

Eriq

 

[Branded Domains]

207

 

[mirul]

Less than 51

 

[DavidH]

I have nearly 1000 names (mainly .com and .co.uk / .uk).

Stick to what you know - my background in in the marine industry (ships, boats, etc) and my two biggest sales have come from names in that industry (where hopefully my experience allows me to know just a little bit more than probably 99% of other domainers about names in that particular industry).

Put yourself in a buyer's shoes - what sort of name would they actually want to spend real hard cash on? I tend to stick to what I call boring business names, exact matches of goods and services, geo+services, and now UK versions of some LLL names (cant afford the dot coms!). I tend to keep away from the bubbles as previously mentioned.

Don't get too attached to particular names, learn to be patient, and try not to be greedy - a few sales with a reasonable bit of profit gives much better cash flow than waiting for the one enormous sale that will probably never come! Reinvest a large part of your profits in better quality names.

Good luck

 

[SES]

Thanks you for your post David, its interesting that you stick to a particular industry.I am from the financial services industry and now wondering weather I should take that angle in regards to domains. Great advice guys, taking all this on board. Cannot thank enough.

I recently came across a domain I own that is labeled TLD? do you any of you guys know what that is?

 

[Recons.Com]

I am in finance/marketing too. Yes, I have a soft spot for those, but don't limit to them.
I have names (all in com) like revalue, financial banks, financero, financefi, fin world etc., but again would not limit myself to them. In fact, probably, only under 10% of my names would be related to finance/marketing.

Even for David, look at the URLs at his signature ) They are as far from marine industry as it gets )

PS I'll respond to your PM later today.

 

[DavidH]

I should have said that I started with names in my industry - as I progressed and learned more about domains, I specialised in other niches as well - for example, over the years I have sold names relating to white water rafting, boilers / spares, envelopes, candles, cranes, narrowboats, auditing, data recovery, CCC.com, car parts, etc.

Now many of my names are two word geo + service and they are pretty far away from the marine industry as well!!!