Works OK for me. But I must admit that it might not be the best strategy for everyone.How has this been working for you.. for some time now.. inbound has not worked for me.. how do you navigate yours..
would really appreciate a reply
Works OK for me. But I must admit that it might not be the best strategy for everyone.
When starting out, you have to decide whether you want to be a flipper or an investor. This will guide you on the decisions regarding the kind of names to buy, the amount of time and money you are willing to dedicate to this venture and the patience to wait it out.
Personally, my portfolio is made up of about 70% aftermarket domains and 30% handregs. I sell about 5-7 names a year or if I'm lucky, up to 10 names out if 200+ domains. Prices usually range from xxxx and very low xxxxx amounting to a net of mid xxxxx a year, which frankly is not too bad for a side hustle.
On the other side of the divide, there are people who do this full time; mostly via outreach and outbound. They also happen to sell more names in a year but likely at lower prices. For this group, the regular inflow of cash is important.
Both strategies have their pros and cons, just find what suits you best.
However, if inbound sales are your target, you will likely have to spend more to acquire names from the aftermarket.
You will also need a considerable amount of names before you start seeing any traction. So, having a total of 10 names won't cut it.
When you handreg, do it sparingly. Remember, you have to be an avid reader if you want to be successful handregging names that sell for big bucks. It's all about getting there first before anyone else does.
You'll also have to learn how to price right. With the low sale-through-rate for inbound sales, you can't afford to sell good names for cheap. That will just end up paying for renewals only and chances are you can't even replace the sold name with something of the same quality because acquisition costs are always rising. You also can't price too high, because no one will buy it then.
Finally, 9 times out of 10, inbound sales are all about patience. If you only get names to drop them within a year or two, then inbound is not for you.
Sorry for the long gist.