Ever notice that a lot of lottery winners end up filing for bankruptcy? Ever notice that a lot of kids who's parents left them money, go broke?? This is because they never 'learned' the experience of earning money, they were just handed it.
I take the same perspective on selling. If your not willing to start small, then you will miss out on 'learning' and the experience what comes with each transaction. Example.. if you had already been selling on ebay or flippa you would gain the 'experience' and confidence from each sale.
Do you know the tips and tricks of selling on ebay or flippa? NO, NO you don't, because your pride won't let you experience it. You have convinced yourself that you couldn't gain anything from starting small, however you have missed out on the important part.... experience. And hence why you created this tread and don't have a single sale yet.
My point is, if your not willing to gain the experience needed to succeed, then don't be surprised when you lack the knowledge, confidence, and reputation.... and instead rely on using 'hope' to sell your domains.
Good examples mate, but I don't see how you get the impression of me taken over by my pride, or the idea I am not willing to start small. But despite these examples, the domain industry is different and unpredictable. That's what I know. One can purchase a $2 domain and sell it for over $10,000 and even $40,000 in just a matter of few months. So estimations and doing things based on what we are getting isn't always a good strategy. I would give an example here of Shane of Flippa who purchased a domain from another fellow for $120 and sold it for $10,000 in only a month. So things are mostly unpredictable.
But that doesn't mean every domain can be sold for that price. Nope. I understand there are certain metrics a domain should have to get these kind of prices. Again, hoping to sell a domain desperately even for peanuts is most certainly not my plan. I can wait and 'learn', instead of 'lose' and whine.
I have not sold anything on ebay or flippa because I know a little about these markets. These are not end-user markets (may be Flippa but for average domains, one can only expect a reseller price.) But like I said, just because I haven't used any platform, that doesn't mean I don't have any knowledge about them.
As far as experience goes, it follows the quality of knowledge and applied practice. That is exactly the reason why I have opened this thread, to get the knowledge from senior members here about selling domains. And yet you bring in my pride in between, lol.
I would say the same thing about the definition of 'starting small.' It's different for everyone. For others may be $20 or $50 sale is a good start. Buy hey, I just happen to have my own goals set differently than others, and believe me I have stats to back my goals, regardless I am a newbie. So pride has nothing to do with it my friend, it is general knowledge and learning. And that's what I am still digging here and there.
A bit off topic but I think it may be helpful to mention here. Just the other day I was reading a thread from a newbie here asking how he can start domain selling. The majority of replies were based on telling him to 'lose money and learn yourself.' Interesting how people avoided to share the basic knowledge with that newbie and instead of guiding and answering the question, they suggested him to "go make mistakes and find out." I don't know what was the logic behind that but that's not the answer he was looking for or I would have given.
I do admit that people do make mistakes during the process and one can not teach anyone everything altogether, but there's something that differentiates professionals from newbies, and that is their experience. They can help newbies by guiding them about the mistakes they had made when they were learning. So the new comers can avoid these mistakes which are avoidable, but I was surprised to see the majority of replies were only encouraging that newbie to go make mistakes. Weird but true.
The reason for opening this thread was not to receive tips or secret domain selling techniques from pros at all . The reason was to know about what senior sellers think should be a good plan to start the process.
Cheers,
PS: I am getting a feeling that the topic of my opened thread was different than the replies it is receiving now.
