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It's hard enough to make a buck with domains after years of experience. Do newbies have a chance? The possible success rate has to be a single digit percentage!
The possible success rate has to be a single digit percentage!
@Nitin -If you are spending 18-20 hours a day doing domain research, how much time do you spend on your main thing Also, don't get addicted to your domains, because the renewals can come back and bite you in the a**.
@Nitindomains you started with handregged domain names or bought them from reseller market?
They can succeed but not with hand regs.. Sure some hand regs can still get you a nice amount, but these can take a lot of time.
2. For e-commerce, web based businesses, and blogs there are very different criteria for registering domains. Contrary to what people like to spout, hand regging domains to resell to endusers in this market is far from dead. If an enduser is naming an online business, they're more than likely going to choose a "brandable" domain name. And to be clear, a "brandable" to me is anything that is not an EMD - namely keyword+word.
So when I hand register a domain to resell, I look at past sales to find a popular keyword, and then attach it to all of the most popular suffixes. (I made a tool to simplify this, but believe me there are tons of good domains available out there.)
Here's an example of what I mean from a few days ago:
I saw that MerchantCard sold for $2,000, so I checked out other sales using the word merchant. I found that in the last year MerchantGuard sold for $3,000, MerchantSquare sold for $4,000, and MerchantConnection sold for $3,000.
So I used my method to find what "merchant" domains were available and tried to find similar domains to ones that have sold in the past. One of the available domains was MerchantCube/com. It fit the criteria I was looking for, keyword+cube names have sold very well in the past, so I regged it for a whopping $1.99.
I started about 3-4 months back.
Have sold domains worth $16k in total as yet.
Hold about 250-300 domains, so i am about 3k invested.
That still gives out a net profit of $12-$13k.
But i have worked very very hard for this. In the beginning i researched for about 18-20 hours for continuous days.
I am still learning, and it isn't my main thing.
congrats but please realize that tens of thousands of people with internet access tried doing the same thing, the following month they needed to borrow money to pay for their internet access.Sure of course a new domainer can succeed, if they understand what makes for a desirable domain name.
Just this week I hand registered a domain (it had been sitting available a while) for $2.17 and sold it 18 minutes later for $395. I'm no newbie but anyone with a couple bucks and internet access could have done the same thing.
True, and I realize most will fail, due to not understanding what makes a domain desirable, etc. I'm just saying that it is entirely possible, without any elaborate or expensive strategy. It's not too late to get in the game, and it never will be, as long as domains hold value.congrats but please realize that tens of thousands of people with internet access tried doing the same thing, the following money they needed to borrow money to pay for their internet access.
Alot of smart and wise advice given to the new domainers.
My advice(based on my experience)- read and study domain stuff in general and what draws you in....then find your niche. People try to generalize domains but there are niches- some are drop specialists, some are flippers, some are ccTLD experts, some are hack experts, some are new trend domainers. Once you find your niche, its only a matter of time before you start making money.
The advice about not handregging is correct IMO. That poster didnt mean to say dont hand reg. He meant to say that when you hand reg, you have so much freedom, and a newbie with alot of freedom is way more likely to reg names that please them rather than a real end user and i agree with that.
I have been registering domain names since the olden days, but I still consider myself a newbie.
I have sold a name for xxx that I bought for low xx and I'm currently still down a couple hundred dollars but have received a high xxx offer on one of my names that I have recently countered.
Do I think that I'll succeed in the long run? ... Yes.... Is it difficult? ... Yes, but I'm still learning.
Drone, 24/360, Simply, Smart, 3dPrint.......with emphasis on Health and Fitness, perhaps?1. Specializing in niches and finding niche defining keyword domains has been the golden path for me so far.. (of course in my own interest i can't share which niches those are)
Have sold domains worth $16k in total as yet.
Hold about 250-300 domains, so i am about 3k invested.
That still gives out a net profit of $12-$13k.