n00b advice

[howardhaj]

I am a newcomer to the domain selling buisness and i was wondering if anyone had any advice on making my first sale?

 

[biggie]

Frank and Rick Schwartz is at the top with Rick Latona and others and then you have us at the bottom nibbling away.

if you don't put others on a pedestal, then you'll feel better about your own accomplishments

imo...

 

[Sparhawke]

I don't put them on a pedestal just to star at them in slack jawed and wide eyed amazement but to clearly define what we are all trying to do. There is little doubt that only a very few people own the majority of the highest value domains in the world and no secret has been made about that.

It is said that 2% of people own 98% of the wealth in the world and the domaining world is no different, do you nevertheless not wish to be a millionaire someday and counted amongst the 2%?

If you do not know what your goal is then how can you get there?

 

[Name Trader]

I think iReport.com was crap. He got lucky selling that to CNN. But it does help pay for the renewal of many other crap domains he's holding.

 

[jchan24]

I'm not too hot on the info domains, unless the end user really needs it.
I'm not really a domainer, but I do own over 500 domains, all from hand-register. But I actually try to develop the domains, particularly for a specific business goal, and have managed to make some money and come out even in advertising/affiliate sales.
For me, its basically about finding strong keywords. It was tough the first year because I wasn't focused on affiliate sales, but wanted to launch a social network startup - but those don't get any traffic and do poorly in advertising - so I was forced to go into affiliate sales to make money.
I've sold a few domains to end users contacting me directly for several hundred dollars.

 

[dragtastic]

you must read read and read some more

you will also make mistakes - then you will start doing things right.

good luck

 

[biggie]

I don't put them on a pedestal just to star at them in slack jawed and wide eyed amazement but to clearly define what we are all trying to do. There is little doubt that only a very few people own the majority of the highest value domains in the world and no secret has been made about that.

It is said that 2% of people own 98% of the wealth in the world and the domaining world is no different, do you nevertheless not wish to be a millionaire someday and counted amongst the 2%?

If you do not know what your goal is then how can you get there?

a name can be regged today and in a few years be the next million dollar name.

think groupon, foursquare, everyblock, etc.

so there is "no lock" on potential!

being a millioniare does not guarantee happiness, or good health

some like to stay low-key

and i never had ambitions to be like someone else

if i make a mill, fine, if i don't that's fine too

that fact that i have gained, sustained and maintained, all of what is know as "biggie"....speaks for itself.


i only care about what my family thinks of me and what i think of myself.

when you respect yourself, it gets recognized....and that's all you really need.

 

[labrocca]

I am a newcomer to the domain selling buisness and i was wondering if anyone had any advice on making my first sale?

Anyone asking this type of question imho will never make it as a domainer. At least not one where he can earn more than a McDonalds salary. Domaining is often about research. If you can't even spend the time to review the plethora of information already available then how do you expect to find those gems? Luck can work but that won't bring you to the top. I can hit a number in Roulette every 30 spins too. Anyone can hand reg 1000 domains and probably get a nice $xxxx sale. But you just spent 10k to do it.

My point. That noobs who enter this market without their brains will leave this market without their wallets.

 

[Kate]

a name can be regged today and in a few years be the next million dollar name.

think groupon, foursquare, everyblock, etc.

All these names were developed and heavily branded. Google could be worth $0 today and be unregistered, had the founders chosen an alternative name.

when you respect yourself, it gets recognized....and that's all you really need.

Amen to that

 

[DU]

..

 

[SpareDomains]

I stand by what I say, there is a definite tier system in the domaining world as there is with any business; Frank and Rick Schwartz is at the top with Rick Latona and others and then you have us at the bottom nibbling away. And some eventually make it to that millionaire domainer status which I hope one day to reach.

Think of it in terms of ROI. While it may be hard to sell an expired $7 name for a million today it is definitely possible to sell an expired $7 name for 1-10k.

Turning a $7 investment into 1-10k to me is more impressive than turning a 10k domain into 100k. When you land one of these type of sales then you roll a portion of your profits back into the game so over time your portfolio gradually improves and it was all paid for by profits.

Some of the most successful domainers are anonymous and don't blog as blogging brings guys stalking all your regs. Reason a lot of new guys are considered experts because guys making money usually don't have time to blog as they are scouring drop lists and don't want added competition.

I have only purchased 1 domain at snapnames in the last 9 or so years as all the rest were expired $7 .com pick-ups with a few hand regs as well. Will any sell for a million probably not. Quite a few have/will sell in the 1-10k range and a few in my long term hold pile possibly high xx,xxx to low xxx,xxx.

Buy domains that make sense to a business as they have higher budgets than domainer type domains and list them everywhere Sedo, GoDaddy, your own site etc...

The cost of entry in domaining is really low considering the potential. Good domains sell themselves just gotta make the right choices and be able to appraise what they are worth to the business and be able to gauge the buyer and ask for what they are worth and a little patience sometimes.

Guess my main point is it's not about million dollar sales as those expired $7 domains are long gone, it's about ROI. Harder today then years ago sure, impossible? not at all.

Good Luck on achieving millionaire status.