New to buying and terms

[infmoney]

Hey guys I'm new to this forum and to the whole domain buying thing. I just thought of 3 names that are not taken and each are 1.99 a piece but am not sure on how it works after I buy them. What do I pay when I want to renew? Are there any fees after I get them? Should I get them certified? Thanks in advance.

 

[johname]

each are 1.99 a piece

Spend 3 times 1.99 and if you still want them a year from now renew them. No fee unless you add some type of extra like privacy.

 

[infmoney]

thanks for the help, just one more question. If I get it for 1.99 I only have to pay the same for renewal at godaddy or wherever? Thanks very much.

 

[Smiler]

Also don't get carried away in buying too many domains that your not going to develop into a website. Make sure you also know your budget and don't go over it.

 

[Abdel]

thanks for the help, just one more question. If I get it for 1.99 I only have to pay the same for renewal at godaddy or wherever? Thanks very much.

Let me guess is it .info domains, the first year is $1.99 but to renew it i think is $8.99.

 

[FragrantDomains]

I would stay away from names if you think they sound cool. I would also stay away from registering .info's or registering anything at all. Would still like your domains from a year from now? It would be better wait, read, and research unto you learn the ropes. Instead of registering, I would use the money to buy a quality .com. I speak from my experience.

 

[Name Trader]

I wouldn't register any available .info domains. You will never be able to sell them for a profit.

 

[nielsencl]

If you find some .info names that are really good you may be able to sell them on namepros for $5-$20 if you are lucky. You are new at this, so the chances that you are lucky are small. You will buy them, not be able to sell them, and then renew them because you don't want to lose your investment. Then at some point you will develop them, sell them cheap, or drop them.

It won't be a waste of time or money, because this is how almost all of us have learned (am I lying...?).

But if you want to avoid learning things the hard way, be respectful, ask questions, and listen to all the advice and opinions you get hear and then decide what works for you.

My advice is not to buy unless you are "sure" you are buying a good name and have a certain plain or goal for that name. If you don't have a plan, then you are playing the lottery and most people that play that game lose over and over and over again. Why do they keep playing? Mostly becuase the tickets only cost a buck and they can afford to lose that much

And start small when you start. I have a friend that had some money and he bought 1,000 llll.net domains a few years ago. He sold a few of them, but then when one year had past and he had to renew almost 1,000 domains at $9.99 each, he didn't have the money and dropped almost all of them.

If you think you can find great domains cheap, that's great. Buy one and then sell that before you buy any more. If you can sell it, then buy two and sell those. Build your business slowly and you will risk less of your money and maybe lose less than many of us have in the past.

 

[SimpleDomaining]

whatever you buy, first make sure its not trademarked.

 

[infmoney]

Thanks for all the info, and yes the names are .info. I am going to wait a while and learn some more. This is a nice forum, real helpful.

 

[financialaidnyc]

Haha...do not buy domains on impulse or "cool factor." Trust me, I started this passively about 1 1/2 years ago, and bought about 50 subjectively AWESOME domain names (without knowing anything about keyword research, or hosting plans or development), and let most drop. Most names that "sound" good have <$0 market value. I was lucky and sold a few names (ALMOST broke even on all I spent on buying them). If you want to get into internet marketing or domaining, start with 1 quality site and do it right. Hang back for a few months and do everything nielsencl said.

---------- Post added at 04:11 AM ---------- Previous post was at 03:59 AM ----------

I meant <$0 in last post ! sorry