advice I'm hooked!

[Brian H]

hi guys,

i have recently starting buying and trying to sell domains and was wondering if you had any tips as i have a budget that im happy to start out with but would to actually make money

i have been bitten by the domain bug pretty bad so really want to make a go at making a decent amount of money doing something i enjoy


Any advice would be great



Thanks Guys & Girls!

 

[Brian H]

Make mistakes, learn from them. Have a few accidental victories, and some intentional ones.

In the end, have more victories than mistakes and you will be fine.

Good luck.

Thanks its that easy is it XD

 

[maksimfa]

Think like an end user. Don't buy or register crap you would not think of buying as an end user.

Don't buy anything you don't understand.

 

[Justin Matmor]

Think like an end user. Don't buy or register crap you would not think of buying as an end user.

Don't buy anything you don't understand.

Most people have no idea what is c*ap and what isn't.

People are forgetting that great names cost a lot of money to purchase. So what is a newbie expected to do?

 

[Brian H]

Most people have no idea what is c*ap and what isn't.

People are forgetting that great names cost a lot of money to purchase. So what is a newbie expected to do?

im looking to sell, for around $60-$100 to get me started im not aiming for millions on day one

 

[Moosan]

Welcome to Domaining. Unfortunately there's no such thing getting advice and learning from them but you will Learn more from your mistakes. Its a process that we all (domainers) go through. There are no domainers that could say they never made Mistakes and Made Bad choices in the begging.
My advice don't just give up because you won't succeed in beginning. (I hope that is not the case for you) . Read more about domaining and Invest Less.
Agree @Justin Matmor . It will take you sometime to realize What is good domain and What is Crap .
Best Wishes.

 

[EmotiveDomains]

Welcome to NamePros. This whole site is full of domaining advice

 

[gilescoley]

Welcome to NP

Dont buy or reg any names for at least 6 months, focus on learning what type of names sell

Check out DNJournal.com and Namebio.com to see the regular sales

Put say $500 aside (or what you can afford) and buy a name and try and sell it. Dont fall into the trap that most new domainers do and just start regging names you think are valuable and you will sell them in a year or 2 for x,xxx, it doesn't work like that and the names will end up expiring

You have to understand what makes a name valuable. Rather go and try and buy an expiring/aftermarket name for xxx and sell it rather than hand regging a crappy name and get stuck with it. Hand regging names in this day and age is a huge gamble in 99.9% of cases, just doesnt pay off. You will get new domainers on here that tell you they hand-regged this name and sold it for $250 but what they wont tell you is they also hand-regged 200 (costing $2000) other names that didnt sell, so they are not $250 in profit, they are $1750 down.

So focus on keeping costs/renewals low and buying 1-5 names and then approaching some end-users to try and make a sale. Dont park your names and wait for a buyer to come to you because you will most likely wait years, unless you really pay up for good names

Hope that helps, good luck

 

[Brian H]

Welcome to NP

Dont buy or reg any names for at least 6 months, focus on learning what type of names sell

Check out DNJournal.com and Namebio.com to see the regular sales

Put say $500 aside (or what you can afford) and buy a name and try and sell it. Dont fall into the trap that most new domainers do and just start regging names you think are valuable and you will sell them in a year or 2 for x,xxx, it doesn't work like that and the names will end up expiring

You have to understand what makes a name valuable. Rather go and try and buy an expiring/aftermarket name for xxx and sell it rather than hand regging a crappy name and get stuck with it. Hand regging names in this day and age is a huge gamble in 99.9% of cases, just doesnt pay off. You will get new domainers on here that tell you they hand-regged this name and sold it for $250 but what they wont tell you is they also hand-regged 200 (costing $2000) other names that didnt sell, so they are not $250 in profit, they are $1750 down.

So focus on keeping costs/renewals low and buying 1-5 names and then approaching some end-users to try and make a sale. Dont park your names and wait for a buyer to come to you because you will most likely wait years, unless you really pay up for good names

Hope that helps, good luck

Hi I have been doing a lot of reaseach on how to sell domains on and at the time I didn't realise you could directly approach fitting business with your domain So I'm kind of learning as I go

 

[Furquan]

Just keep your investment little while you are learning, it will give you chance to grab some best domain at minimum cost.

 

[elevator]

Just keep reading, visit auction and see what sells and brainstorm why was a particular domain sells and copy from there.Cheers and good luck.

 

[Brian H]

Just keep your investment little while you are learning, it will give you chance to grab some best domain at minimum cost.

At the moment I have only invested less than £20 so not just throwing money at them

 

[Stockphoto.com]

I wrote this for my good friend and fellow domainer, Manmeet Pal Singh's ebook (Domaininsider.in):

Domain names are marketing tools. Tools to help gain, convert and retain customers. Their value lies in their ability to do so (and the value of those customers).

If a domain name can do that, then it's worth something. If it can do that for a high-value product or service - it's absolutely crucial.​

The extent to which a domain name can achieve this aim determines its value.

I've always returned to this definition over the years - I hope it helps you on your journey.

(And welcome to the community!)

Cheers,
Jon

 

[Furquan]

At the moment I have only invested less than £20 so not just throwing money at them

You have bright career in domaining.

 

[1Darko]

@Brian H Welcome to namepros! You have found the ultimate platform for your success in domain speculating! You've already got best advice from my namepros fellows!
Good luck!

 

[Banezer]

read Brain, keep on reading, read and and ready again before purchasing any domain.

personally i will advice you not to focus on brandable domains for now rather focus on 1-2word domains, generic and quality names with real end user value,
welcome to namepros mate.
Good luck

 

[DaveX]

Do as we say, not as we do.

 

[Brian H]

read Brain, keep on reading, read and and ready again before purchasing any domain.

personally i will advice you not to focus on brandable domains for now rather focus on 1-2word domains, generic and quality names with real end user value,
welcome to namepros mate.
Good luck

Would you say they are "easier" to sell??

 

[NamePrime]

Would you say they are "easier" to sell??

I'd say, easy to sell, hard to acquire :D

Welcome aboard!

 

[wakguano]

im not eligible to give advices, just wanna share 2 things

1. coupons
2. promos

 

[Cdomains]

Welcome to domainers anonymous

My name is _________ and I am a domainer.

Just admit you have a problem, it will be easier