discuss How would start off again with $100 today?

[Arpit131]

Anybody who has made it in the industry or is somewhere where they wanted to be, I have this small question.

If it were today to start off again in domaining from scratch and a $100 and all the info that you have today, how would you start off?

As for me, I'd go ahead, do thorough research, wait for some coupons and buy like 15 geo domains.. Try flipping 2-3 of them at $250-$499 kind of price and scale up by rinse and repeat process.

How about you guys?

 

[Montecar]

If I only had 100 bucks, I'd find a better use for them 100 $ than buying domains. I would go to McDonald's and buy myself a Big Mac and a Coke, I would find a job, earn the first money guaranteed and I would not need anything in terms of room, food and clothing. And only then began to invest in domains as investments as I did before. But let everything remain as it is

 

[EZPZYO]

great news
I have stuff to sell thats eye catching

You mean eye candy, like women?

 

[Bean]

Depends, if I'm doing it as a hobby, I'd just be patient and wait to catch a break at one of the auction sites.
You obviously won't be winning any bidding wars with $100 but from time to time, it is possible to get decent domains for under $100 that somehow the heavy hitters seem to overlook.
You need to have a good eye, a lot of luck and a lot of patience/time but it is definitely possible.

 

[platey]

technology is a bit like playing cards

imagine technology as a person playing cards with you

You wont want a large amount of cards in your hands if technology only has one card in their hand with a variety of cards they can use to go out leaving a person with a load of cards that cant be laid after the other person wins the game

 

[GoKaizen]

No.
Yes.

The majority of people will lose time and money trying to make money with domains.

is that a joke?
have you ever bought stocks?

$100 USD will give you trading fees
nothing else

 

[BarryDavis]

I also used to be a commodity broker. I didn't have enough capital to trade commodities and make a living. Nor did I have the money to buy a seat in an exchange, I didn't have the money to lease an office and start my own brokerage. But as a broker I could go to work for a firm and use my time and knowledge and call 500+ potential customers a day. In a short time I had enough investors to make a living.

 

[EZPZYO]

I like the question. There are those that are innovative, imaginative, hard working and willing to start at the bottom and work their way up. I believe that most people who start in this business with only $100 are doomed for failure. But there is a possibility a lesson will be learned. So many people go from cradle to grave without taking chances. Either way the $100 is insignificant. Whether the $100 is lost on a domain name investment or spent in a bar the money will eventually be consumed. But I believe the new investor will gain a valuable lesson. This is like learning to swim. I love to watch a child go from testing the water with his toe to diving in and making a splash.

There are those that can't handle the challenge. But there are those that thrive on it.

Some of the members here have pointed out the challenges, the snakes and the rats. But I would also point out the various websites and tools available on the internet that can be used for free. To determine value, traffic, PR, availability etc. If there is a place to turn a profit on a small investment. Domains are one of the most popular place to take a chance.

Well said!

 

[Willox Perez]

Anybody who has made it in the industry or is somewhere where they wanted to be, I have this small question.

If it were today to start off again in domaining from scratch and a $100 and all the info that you have today, how would you start off?

As for me, I'd go ahead, do thorough research, wait for some coupons and buy like 15 geo domains.. Try flipping 2-3 of them at $250-$499 kind of price and scale up by rinse and repeat process.

How about you guys?

When it comes to GEO Domains would you simply do outbound for them? Or where would you be looking to sell them at?

 

[tjl92]

I dont know but how long will domain name investors continue to tollerate udrps taking their digital property off them for free

Businesses will always need a digital address

It was telex then fax then email then domain names then socialmedia usernames etc

The skills of finding quality keywords or inventing brandable words etc won't go away although the,technology they exist in will no doubt change as technology gets better in due course

I reckon keeping domain names for the long term although the preferred method for some of the long term investors can be profitable it could also prove costly if technology accelerates past domain name on to something else leaving domain name investors with very large domain name portfolios standing to lose a,considerable fortune

Many an industry that was thriving back in the day no longer exists today

It could be likened to fuel type

car retailers at some point will have fields of diesel and petrol cars sitting in fields that cant be sold because fuel technology will change

Who knows where domain names will be in a few years

But domain flippers wont get stuck holding large portfolios

A bit like day trading the stock market etc

Eg in a trade for 5 mins and made a profit and sold 5 mins later etc

hmmm...interesting viewpoint.