domain My 1st Domain purchase (Newbie) Please Appraise - Medicinestock.com

[Kunal lakhwani]

Hello Everyone,

I just bought an domain & this my very first domain, i have been reading & learning so many things from this forum & from internet as well, all thou i take my time to purchase my very 1st domain & finally i made up my mind for this domain -

"Medicinestock.com"

I targeted medicine as a niche, because this particular niche will always be a need to the end user or customer. I have certain idea about this domain i can make up a website on this where anyone can sell their medicine on it or it will be like anyone can bought any kind of medicine from this website or even it can be a website where any one can get the detail about the medicines like there side effects & uses etc things or people can make there account on this website for maintaining there medicines stock because i have seen in my country (India) whenever i go to any medical store & bought few medicines from them like for example medicines for blood pressure so what they do they took out a notebook & note down that this much medicine had been bought & this have been left or how much they need to order after the purchase of that particular medicine. And the last option that i can try is to sell it by doing auction & certain thing without making a website on it (Simple method).

This is quite long threat i know, but this ideas i got up in my mind so i just share it, so with due respect any kind of suggestion & ofcourse your appraisal will be most welcome !

Cheers..

 

[Kpett]

Hi @Kunal lakhwani - I give you credit for taking your time and not jumping in and registering a bunch of domain names at the start that you probably won't sell. Also like your research - this will only help you find good buyers - keep it up, and good luck!

 

[Kunal lakhwani]

Hi @Kunal lakhwani - I give you credit for taking your time and not jumping in and registering a bunch of domain names at the start that you probably won't sell. Also like your research - this will only help you find good buyers - keep it up, and good luck!

THank you so much for your kind words. Any kind of suggestion you can give me or you can tell me what do you think about this domain?

 

[Kpett]

I'd park it somewhere for a while first ... maybe also put it on GoDaddy as a Premium domain (if you want to become a GoDaddy auction member ... there's a small fee) and put a price on it, say $399 or something, but there's a small chance it will sell there. You'll have a much better chance of selling it if you develop it into a viable website. If you don't want to do that, the last thing to do for a domain you just picked up for registration fee is try and auction it ... practically nobody will buy it even for what you just paid to register it ... you need to sit on it for a while, maybe years.

 

[biggie]

Hi

it's a reg fee name

not a practical idea of medicine reseller
and you can get side effect info from the manufacturer and thru other existing websites

for prescribed medications, folks either go to pharmacy, or retailers like walgreens, cvs, etc.

imo...

 

[Kunal lakhwani]

I'd park it somewhere for a while first ... maybe also put it on GoDaddy as a Premium domain (if you want to become a GoDaddy auction member ... there's a small fee) and put a price on it, say $399 or something, but there's a small chance it will sell there. You'll have a much better chance of selling it if you develop it into a viable website. If you don't want to do that, the last thing to do for a domain you just picked up for registration fee is try and auction it ... practically nobody will buy it even for what you just paid to register it ... you need to sit on it for a while, maybe years.

Thanks for your suggestion, i will look after it

 

[Kunal lakhwani]

Hi

it's a reg fee name

not a practical idea of medicine reseller
and you can get side effect info from the manufacturer and thru other existing websites

for prescribed medications, folks either go to pharmacy, or retailers like walgreens, cvs, etc.

imo...

I have question in my mind, i know its a reg fee, but i need to know one thing, are reg fee aren't worth? because this domain is not that bad, i know it doesn't have back links or google page rank, but still its pronounceable, understandable & it had a certain meaning in it as well.

 

[Kpett]

Hey Kunal - welcome to domaining! If you see a domain name's potential, then by all means pursue it. Others may not see the same potential. Since you just registered it, that only means nobody else over the past 20 years thought the domain name was worth registering ...

 

[Templr]

Since you just registered it, that only means nobody else over the past 20 years thought the domain name was worth registering ...

Reg history dates back to 2007 with this name, so it's been registered and dropped.

That being said, the value in my opinion is reg fee.

 

[dhyane]

Reg history dates back to 2007 with this name, so it's been registered and dropped.

That being said, the value in my opinion is reg fee.

Do you think dropped domains have no value? Domains are expired and dropped because of several reasons and that does not mean they don't have value.

 

[Templr]

Not necessarily, I've hand registered dropped names, and sold them.
Many times, aged names appear on the drop (expired auction) and are worthless.

 

[Kunal lakhwani]

Hey Kunal - welcome to domaining! If you see a domain name's potential, then by all means pursue it. Others may not see the same potential. Since you just registered it, that only means nobody else over the past 20 years thought the domain name was worth registering ...

Thanks for your words men. It just my 1st purchase & frankly speaking i'm not looking for any kind of profit, i'm just trying to gain more & more knowledge right now, the more i will get into it, the more i will learn but ya i will definately try to flip this domain & my next purchase that i'm going to made will be an after market domain.. Can you suggest me a good site for it? I'm right now looking in justdropped.com & namecheap.