I am already registered some domain names but i am not know how much money need to invest in this field. Please share some thing about investment...
Basic rule of thumb: You're probably gonna lose everything in the first year or so.
Don't spend huge sums of money before you're more comfortable with the domain game. The learning curve is steep, very, very steep.
But don't be discouraged either. You'll get there if you really want to. If you're obsessed with money, find a different path. If you're obsessed with the Internet and language, you'll have a chance.
With that $100. Don't buy 50 domains with $1.99 coupons. Buy 1 domain in the domain aftermarket (say with a drop-catcher), and sell that for $500. Or maximum of 2 domains. Buying a load of crap domains with your $1.99 coupons isn't spreading your risk.
Of course, flipping domains may get you there. But being a successful flipper is also an acquired skill. I've been in this business for 8-10 years, and I cannot flip for sh*t.
Thanks for your great valuable suggestion. What is mean by domain aftermarket and drop catcher?..Thanks Stub...
.....Of course, flipping domains may get you there. But being a successful flipper is also an acquired skill. I've been in this business for 8-10 years, and I cannot flip for sh*t.
Oh boy, you need to heed the advice above and research.... Then research again....all the answers to your questions are here, just begin reading the posts and follow the trails.... Takes time but the most efficient way to get where you want to go.
With that $100. Don't buy 50 domains with $1.99 coupons. Buy 1 domain in the domain aftermarket (say with a drop-catcher), and sell that for $500. Or maximum of 2 domains. Buying a load of crap domains with your $1.99 coupons isn't spreading your risk.
great advice but exactly what are "closeout domains"Buy 2-3 closeout domains ( please try to buy some good ones... )
great advice but exactly what are "closeout domains"
Same here, what is a closeout domain?
If talking a domain that the owner did not renew, could be a big reason why.
Like never being able to sell the domain.
no you are not missing something, just a new term for me. Bear in my mind, my history of buying domains (other than hand reg) is strictly from buying here at Namepros.Bri is it a real question or am I missing something?
no you are not missing something, just a new term for me. Bear in my mind, my history of buying domains (other than hand reg) is strictly from buying here at Namepros.
stub said:Buying a load of crap domains with your $1.99 coupons isn't spreading your risk.
photonmy mind said:Who would be so stupid to put ALL his money in ONE name?
If he has chosen his domain carefully after 2-3 months of learning, then I would recommend my approach rather than yours. Only 1 renewal to take care of next year.
+1 on this. When you ask the very basic questions and you are unsure then you need NOT to spend a dime on any domains and read, read, read. Take in all the info you can for the first 2 months. I know you prob see a domain you KNOW will sell very well (and I am sure you are 99.9% wrong) but let it go.
Some people can afford to lose hundreds before recouping it all in trial and error. Most of us can not and it sounds like you may want to save up $100 and buy 1-2 domains AFTER though you have done your research. Even then it may take 6 months, 1 year or longer to sell those 2 domains maybe.
Today is 1-1-2015. Take your stab at this venture around 3-1-2015 so that way you are well prepared with knowledge.