Newbie advice required

[nayfeee]

Okay I am thinking about taking a more serious look at domain buying/selling. When I first came to this site I was like (I assume) most newcomers thinking you could make a quick £££ and regged some stupid domains and know these were mistakes.

I have been doing a lot more reading now however and am considering investing a little more money into buying something decent that stands a chance of a good return.

My questions would be:

1. For a newbie how much cash would you advise to start with? I know this could be "how long is a piece of string" type question. But as a bottom line how much would I have to put up to stand a chance of getting any decent domains that could make a return?

2. Is hand-regging domains a definite no-no?

3. Are expired/dropped domains the way I should go?

Basically, any information you can offer would be appreciated. I'm pretty serious about doing this properly and don't want to have a load of crap domains that are a waste of money.

I know a lot of you do this is more than a hobby, and therefore I respect the fact that not everyone will want to help newbies.

Thanks for reading, all responses greatly appreciated.

Nayfee

 

[silentg]

Hand Registration domain are good if you plan to hold them for longer. Future technology domains.
Do some reading @:
Mashable.com
Wired.com
Engadget.com
news.google.com

For drop domains: Follow the link in my signature: Tips for newbies

 

[nayfeee]

Hi Silentg thanks for that. I've already read your thread and it is very useful- thank you.

How much money would you say a newbie needs to put up to get started?

To make a return from dropping domains is it simply a matter of sifting through the lists day in day out until you find one that jumps out at you?

Thanks


Edit: gave you rep for your thread in signature

 

[silentg]

Here's what I do on SnapNames & NameJet:
Go into advanced search and select the TLDS and cctlds you want and do a quick search. Then sort them by number of bids. And start with names with 1 bid and see if you can find any gems in there.

What are gems: Dictionary terms, 4 Letter .com, Keyword domains (1 or 2 or 3). If it's keyword domains then do a search on Google Keywords Tool to find the number of exact matches. If it's more than 1,000 then it's good.

I sticked with .com/.net/and .org when I started out.

 

[nayfeee]

Hmm ok thanks for the input At snap names is it possible to go directly to the ones with 1 bid? Or do you just go through the pages until you're at 1 bids

 

[ninjadomain]

Hi Nayfee,

Welcome to NP!

1. I would advise that you start off with one or two names and build your way up, learning as you go without spending too much money at once.

2. Hand-registering is okay for the right domains or to get started.

3. Expired/Dropped domains can be good too.

4. Sort the bid column to see how many bids.

 

[silentg]

Hmm ok thanks for the input At snap names is it possible to go directly to the ones with 1 bid? Or do you just go through the pages until you're at 1 bids

You can set the min. bid $ amount when you do search and it'll show you the domains with 1 bid or just go to the page until 1 bid and go from there.

 

[nayfeee]

You think I should invest a small amount in 1 decent domain at auction, then try and wait until I've sold it or had interest in it until I get another?

It's difficult to know what/how to start with.

 

[silentg]

Just fix a budget and work with that. Don't go over the budget. Sell the ones you bought before moving onto another purchase.

 

[Corey]

3. Are expired/dropped domains the way I should go?

Is one way to go...

Cheers
Corey

 

[nayfeee]

Okay, I will start searching through auctions, dropped domain lists etc. until I find a domain I want to buy and think is worth the purchase.

 

[SiberForum]

Well, if you ask me, I like Namepros, Sedo and eBay places for buying and selling web sites.