discuss Newbie ready to invest

[Ponyyy]

Hello Members

I have been visiting namepros since few months. Found this forum an awesome source of knowledge in this field. Thanks to all who care to share all the data and knowledge! Today decided to create an account as I think I'm ready to invest now. I'm keeping aside around $30k from my savings to start with.

Personally, I prefer quality over quantity. So I planned to focus on 3Ls & 4Ls only. Obviously 2Ls are out of my leauge. As starting capital is only $30k, so I feel 4Ls would be best to focus on. I will not take any profit out, would invest all future sales amount in 3Ls.

When I talk about 4Ls, I meant only high end names like CVCV or CVVC, quad or some highly pronounceable names. In money terms, I would cap these from $500 to $2500. I would go slow.

open to any other advice which I should focus on.

Thanks!

 

[gilescoley]

To big a risk with LLL.com names when you dont understand the letters, domain value, end-users, selling, outbound etc yet.

Start with 1k, buy a couple of names (not hand regged names), maybe a couple of decent LLLL.com names, then try sell them, if you do, then reinvest the cash into more names. 30k is a silly amount to invest when starting out, get the hang of it first, prove you can sell names, get some experience first.

Good luck

 

[gilescoley]

I have to agree, lll's are usually the second step. But it is not truth that they are not good investment. Especially now their prices are relatively low.

Yeah, I never said LLL.com's are not a go investment, they are just not a good investment for anyone new to the game, this is when poeple who have 30k to play with go and buy QXZ.com for $25k because the want to own an LLL.com and its just not worth it.

You joined NP just TODAY, and you are taking about 30,000 investment like a cupcake. Lets see your first buy. Looking forward to seeing your "LoL" 30k buyout. It begs the quesiton -- Why all this FICTION? If you don't have money, just say. I really want to know who's swimming here, NAKED.

Welcome to NP, You joined the day after him and all you seem to do is insult people, maybe just take a little time and study the industry and maybe you will learn something. No use coming on here all guns blazing, we see this all the time and they usually end up leaving after a few weeks/months. A little politeness and professionalism goes a long way.

 

[kite26]

@effervescence Can you please tell us what is your success with other type of domains?

 

[effervescence]

2020, and still betting on 3Ls?
Really poor direction IMHO. Apologies if rude. Thanks.

 

[Ponyyy]

@effervescence 3Ls still available I bought last week one 3L 11k$.

@Ponyyy If you want 3Ls you need at least 15k$ for very attractive 3L you need at least 30k$

you check with @Mytz.com he got good 4Ls

Good luck

Thanks for the info! Yes, I observed this range for 3Ls here that's why focusing on 4Ls with this budget. As only having 1 or 2 3Ls will be a long patience game. So it would be better to get quality 4Ls. T

Thanks again!

 

[pb]

Sure you can buy 1-3 LLLs for 30k or maybe a few dozen LLLLs, but then what? Money frozen, what's your plan for the next move? So called "liquid domains" are overpriced and it can take years waiting for the end user or even more years to liquidate them with any profit. It's a better plan that most "newbie plans" but still not that great IMO.

 

[Dotorium]

You joined NP just TODAY, and you are taking about 30,000 investment like a cupcake. Lets see your first buy. Looking forward to seeing your "LoL" 30k buyout. It begs the quesiton -- Why all this FICTION? If you don't have money, just say. I really want to know who's swimming here, NAKED.

why you are so mean ? she just asked for help so if you are not happy with the question do not answer, we all here don't know who are behind the screens, having joined today NP today or having less comments doesn't means anything, people have multiple account, others are big investors and want to have some privacy, so if you want to help welcome, if not do not comment.

 

[Ponyyy]

To big a risk with LLL.com names when you dont understand the letters, domain value, end-users, selling, outbound etc yet.

Start with 1k, buy a couple of names (not hand regged names), maybe a couple of decent LLLL.com names, then try sell them, if you do, then reinvest the cash into more names. 30k is a silly amount to invest when starting out, get the hang of it first, prove you can sell names, get some experience first.

Good luck

True! what my thinking was that I would need some numbers of domain to get something out of it. Like lets say If I have 2-3 LLLL Only then possibly would need to do outbound to get a sale in shorter period of time. Thanks for putting your wise words and guiding me. Would consider this perspective also.

 

[lock]

STOP lower your budget now blow that first. Blow 1k try resell them there are more skills to acquire. With experience i would say buy portfolios pick out gems but i am going to say learn the hard way just don't do that with entire budget learning.

 

[lock]

Every 4L you will trade in will be from a domainer to a domainer if not your end user. As it changes hands $100 - $200 - $300 the value isn't going up just the cost of investment into it. If it cannot be abbreviated find a final price a final end user your just further in it than the last domainer. I think offloading.

 

[Dotorium]

@effervescence 3Ls still available I bought last week one 3L 11k$.

@Ponyyy If you want 3Ls you need at least 15k$ for very attractive 3L you need at least 30k$

you check with @Mytz.com he got good 4Ls

Good luck

 

[effervescence]

Wake up to the reality. I don't think you should invest like a fool.

 

[Ponyyy]

Wake up to the reality. I don't think you should invest like a fool.

Lol

 

[effervescence]

Thanks for the info! Yes, I observed this range for 3Ls here that's why focusing on 4Ls with this budget. As only having 1 or 2 3Ls will be a long patience game. So it would be better to get quality 4Ls. T

Thanks again!

I am asking you not to invest in 3L, now you want to with 4L. I rest my case. My argument stands clarified.

 

[kite26]

To big a risk with LLL.com names when you dont understand the letters, domain value, end-users, selling, outbound etc yet.

Start with 1k, buy a couple of names (not hand regged names), maybe a couple of decent LLLL.com names, then try sell them, if you do, then reinvest the cash into more names. 30k is a silly amount to invest when starting out, get the hang of it first, prove you can sell names, get some experience first.

Good luck

I have to agree, lll's are usually the second step. But it is not truth that they are not good investment. Especially now their prices are relatively low.

 

[effervescence]

Lol

You joined NP just TODAY, and you are taking about 30,000 investment like a cupcake. Lets see your first buy. Looking forward to seeing your "LoL" 30k buyout. It begs the quesiton -- Why all this FICTION? If you don't have money, just say. I really want to know who's swimming here, NAKED.

 

[kite26]

The secret is to know how the market works. You could give yourself a little ''learning period'' sacrificing a very small part of your budget with cheaper domains. See how all the system works, then go to cvcv's. At start i would buy 2-3 and wait (1-2 years) to see the results. If you have success double the number of cvcv's. After some sales and using the sales money, go to the next level and start investing on lll's. This road is much more safer and you will know what you are doing.
GIVE TIME TO YOURSELF.
GIVE TIME TO YOUR NAMES.

 

[GoodKindName]

I would learn a lot first, better don't buy anything until you can really explain what you're buying and why you're buying in detail (who are the end-users, are there enough of them, is it hard to replace the name with another one, etc). We are all super-optimistic at the beginning, until all money spent on bad names (without realising they are bad) and there is nothing else we can do after that. Talking from experience so yeah, learn first.

 

[CraigD]

IMO, if you are looking to invest 30K, there are probably safer options with better returns on the stock market at the moment.

 

[Giroud]

You need to watch this video first, then go to NameJet, DropCatch, Sedo, Dynadot auctions, and NameLiquidate to acquire great domains at low prices.

 

[AEProgram]

Not investment advice, just hypothetical suggestion.

Diversify 30k in domains:

Dot coms

Buy one truly pronounceable 4L. Talk, Walk, Boom, Yell, Town, those are pronounceable and pass the radio test. Expect to pay 5k (not for Talk, walk etc but names that are really pronounceable, even if they mean nothing). Expect to wait 20 years and to sell for 50k+

Buy 5 4L's that are semi pronounceable but do not pass the radio test. Expect to pay 750 each. Expect to wait 10 years and sell for 12.5k each

So far if you think the above prices are high, I suggest you not invest in domains at all.

Buy 7 EMD's (two words max) for industries that have a at least 30,000 businesses in them and over 30k EXACT mo. searches. Each EMD will be about 3k. You must create a blog for each and publish some monthly content on there and do a directory with a link exchange, only those that link get listed. Everyone will tell you this is advice from 30 years ago, however, for true EMD's this is still relevant. Expect to wait 20 years and sell each for 40k+

Investments in anything has risks, there are ways to lower the risks. All the expected wait times I suggested does not mean it will happen, it just means it's likely some will happen.

Finding names to invest in is a slow process. If you rush it expect to lose all your money, you will probably buy bad.

The main reason people don't make money in any business is patience, domaining is no different.

It takes money to make money. There are successful handreg stories, but for every person (I am not talking years ago) that made a profit off handregs, hundreds others destroyed their credit cards and capital.

The chances of people making it in anything they do is low, most people will lose money in anything they invest in. There are many reasons, but the number one reason is that they reach out to those that have spent decades in a business and know what works, they get advice, and they think, well, I think I know better. Yes, sometimes people do their own thing and succeed, its a rare event, start by doing what does work.

Unless you have a passion for this business avoid it. Domaining should be something you do for the love of it more so than for the money, you are more likely to succeed. This is true in other businesses as well. If you have no other investments and no financial cousin if everything goes wrong with domaining, don't invest in domains. Domaining is best if you have other means of supporting yourself. If I didn't have a passion for domaining and my wait time is 20 years id probably invest in some index fund and forget about it.

Good luck, you'll need it.

 

[Domainkingly]

To big a risk with LLL.com names when you dont understand the letters, domain value, end-users, selling, outbound etc yet.

Start with 1k, buy a couple of names (not hand regged names), maybe a couple of decent LLLL.com names, then try sell them, if you do, then reinvest the cash into more names. 30k is a silly amount to invest when starting out, get the hang of it first, prove you can sell names, get some experience first.

Good luck

Nice reply.

 

[effervescence]

True! what my thinking was that I would need some numbers of domain to get something out of it. Like lets say If I have 2-3 LLLL Only then possibly would need to do outbound to get a sale in shorter period of time. Thanks for putting your wise words and guiding me. Would consider this perspective also.

Build a MOAT. All the best. SET IGNORE TO PREV COMMENTS.

 

[Ponyyy]

Sure you can buy 1-3 LLLs for 30k or maybe a few dozen LLLLs, but then what? Money frozen, what's your plan for the next move? So called "liquid domains" are overpriced and it can take years waiting for the end user or even more years to liquidate them with any profit. It's a better plan that most "newbie plans" but still not that great IMO.

To be honest, plan is to just acquire limited quality names and maintain a portfolio, and grow as and when sales happen. I can wait but I think need to focus on acquisition startegy to achieve something like this.