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I will be publishing a series of articles based on sessions I attended and interviews I did during NamesCon2019 so I decided to create a thread for them I also encourage others to share their reflections from the conference in this thread.
In the first article I asked myself what did I learn that I can see an actionable item that I can act on in my domain investing this year. While the list could have been very long in the end I chose 9 items.
Many more posts to come! !
Link to full article at NameTalent.com.
Thanks for reading.
Bob
In the first article I asked myself what did I learn that I can see an actionable item that I can act on in my domain investing this year. While the list could have been very long in the end I chose 9 items.
- Make and keep extensive notes about each domain name you acquire, including your anticipated sales price. Review these documents periodically. (This came from Domain Investing 101/201 by @Michael Cyger - oodles of takeaways from these sessions, hard to choose just one).
- Human to human is the most important type of interaction. Think about your personal brand and how you can strengthen personal interactions. (One of numerous topics in Haseeb Tariq session)
- I plan to do a better job of logging all data for each domain name that I have for sale, including dates the name was placed on different marketplaces, where parked, price changes, queries, traffic, etc.(The head of Radix Bhavin Turakhia gave a superb presentation on how they use data and the importance of being quantitative and evidence based. I extrapolated to form this takeaway.)
- Starting with the domains I consider my most popular and valuable, I plan to implement catch-all email. (Unlike some of the others, this is one I have never done before. The idea came from the Expert Round Table hosted by Braden Pollock).
- I already use appraisals fairly extensively, but based on the GoDaddy / Afternic presentation I plan to present the data as part of a prospectus for each domain name. (Based on Paul Nick's Trends keynote).
- In due time I plan to develop a multiple year model for my domain investing along the lines of the one Paul Nicks presented at NamesCon. (Based on Paul Nick's Trends keynote. See the full article for the parameters of the model he presented, but essentially breakeven came after 3 years and full income generation after 6 years of domain investing)
- I want to think more deeply on how I can plant that first seed for an organization that might be interested in one of my domain names, and what my personal brand is and how I can communicate that better. (This came from @Kate Buckley keynote on story telling)
- I don’t think it is reasonable to do this for all of my domain names , but for a minority I plan to more fully research how they might be used by end users, and try to express that message through a short story that I hope to get in front of prospective end users. (This came from @Kate Buckley keynote on story telling)
- I plan to develop documents for domain names in a certain niche that will help end users see how others have employed domain names to move their organizations forward. (Indirectly related to the session where the end users who paid $500,000 for Home.loans and Vacation.rentals described their experiences).
Many more posts to come! !
Link to full article at NameTalent.com.
Thanks for reading.
Bob