Loans To Buy Domains - Any Suggestion? -

[the_yehezkiel]

I really want to get involved in this business with all i have, and the problem is i do need "money" to start with a good domain. I have learned about anything and now that i want to do is to buy one good domain. What do you think guys?
Is it acceptable? Where do i have to find loans to buy domains?.....i mean "non complicated loans"?

-The Yehezkiel-

 

[accent]

I think you would be better off paying cash for something you can afford - reg fee if you have nothing else. Lots of folks here get good domains for reg fee - it takes more work, that is all. More time thinking what type of name to buy, more time looking through availables.

There are no sure things in this market, a higher price domain simply means you risk more. I would say invest time, rather than money.

 

[mirrorcube]

A quick and easy way to get a loan is a credit card, but be careful they expect to be paid back lol.

 

[champ_rock]

i would recommend you to start with what u have, rather than loans

start with a reg fee. flip it for more. buy two names, flip them and slowly increase ur capital.

frankly, many people enter into this industry but end up loosing their money. therefore i think a tight budget is always a plus point as you do not go about regging names which are not worth anything

just my two cents and my experience

 

[cache]

reg a dozen names for reg fees is really not that expensive. The most you could lose is less than $100

 

[ninetwofive]

cache where are you getting names for less than $10?

 

[movingconcierge]

cache where are you getting names for less than $10?

HERE is a GoDaddy thread which has coupons. Aside from GD, Moniker has .com for $7.95 everyday and even cheaper .nets. Sounds like you are using s reseller if you are paying $10 to reg a .com.

LOANS: just don't do it. Convert another lazy asset you have. I am converting a pool table I have and don't use anymore into a sofa and/or some landscaping. I could have just put that on a CC, but why? I betcha if you look around your place, you'll find something you could put up on Craigslist or ebay that would sell for enough to pay for a couple of names.

You could also do what the youngsters and poor folks do here and work for it. Go HERE and start from scratch. You can use your NP$ to register names right here at NAMEPROS!

If you are going for a big fish, and you have your bus plan, back up plan, and other ducks in a row, then debt may be your friend. But if you are looking to just jump in, think again.

 

[accent]

Namecheap with coupon = about $8.
Godaddy with coupon = $7.20, occasionally less.
Moniker Namepros pricing (presumes that you are buying for resale) = $6.95.

Get coupons by searching this sub-forum (Godaddy coupon is "in light of the end of GD loophole", always in the first 2 or 3 pages, Namecheap may be deeper) or Google.

 

[leede]

I think you would be better off paying cash for something you can afford - reg fee if you have nothing else. Lots of folks here get good domains for reg fee - it takes more work, that is all. More time thinking what type of name to buy, more time looking through availables.

There are no sure things in this market, a higher price domain simply means you risk more. I would say invest time, rather than money.

toally agreed,

i think you should save a lump sum before you start a business.
eg working some years to save more $$$ to get involved later.

All shop/business owners behave in this way unless you born from a $$$$$$ family

 

[ninetwofive]

Sorry, forgot I wasn't in the .TV forum =)

 

[jakomo]

Hello,
Start buying cheap domains with some Page Rank, then you can grow, well is my pesonal opinion to the learn process...

 

[DopeDomains]

I also recommend searching for cheap deals that you can turn around quickly, and use that to build a portfolio and gain experience. If the domain is really good you can always park it, and get the affiliate income although turning it around would probably be a better short term strategy.

IMHO a bank would be INSANE to loan money to an individual to buy a domain name/portfolio..

You could, if you were determined to take that strategy try prosper.com - A community lending site.

-JasonR

 

[htmlindex]

I would have to agree, start with names that you can afford for reg fee or up to $100. Don't go for a loan to buy expensive domains if you are just starting out in the business

 

[jarmas]

I started 1 week ago. Sold a domain for 60 USD recently. I would say if you intend to start domaining. It takes up alot and I mean ALOT of time and effort! The time comes into speculating the market demands and finding a name that have yet to be used and may bring in traffic. Thinking back now, I would have thought twice before coming abroad. The money made definitely isn't worth the time unless you wait for .asia to be released then reg some gd names

 

[sierra]

Whilst I've been watching this industry for years - I've only this year started to invest (albeit on a small scale). My journey thus far - is that I've hand regged all my 100+ domains buying 10 or so every fortnight or so, spreading out my renewal periods and not tying up my cash all at once.

All my domains are centred around my research area - and that would be my advice to you - pick an area / theme you know something about or at the very least are interested in and build from there. You are then best positioned to know when to develop a domain, when to offload and sell, when to keep and what bargains you can afford to splurge out on.

 

[the_yehezkiel]

Thanks Guys

Really Appreciate all your answers and suggetions, and i agree with the majority opinions, that to be succeed on this business doesn't really need large amount of $$$$, but it does need a large amount of "hard work and patience", even if we start from the small one....

Bravo domain investors...

 

[btrader]

If you need money - try borrowing on Prosper.com - its a decent place to get reasonably cheap money.

 

[Jo]

Rather then going in debt up to your eyeballs, try finding names on TDnam or Afternic or Ebay that have good keywords, you can find some really good bargains there. Also here on Namepros, check the auctions and other threads where domainers are selling. You'll find some gems and they won't cost you an arm and a leg!

Good luck to you.

 

[Jasonn]

Unless you have A LOT of money to spend on domains you'll never make it in this biz as anything beyond reselling for maybe a few k profit here and there if you're lucky.

 

[IAmAllanShore]

I too am a fan of prosper. Some time ago I toyed around with starting a "group" on prosper for Domainers - never did anything with it, however.
If anyone is interested in starting a group as a borrower/lender, PM me. We'd need about 15 folks to make it worth our while.
-Allan :gl: