- Impact
- 10,853
The important thing in Domaining is you need money to make money. Don't expect to spend $10 to register or buy junk name and turn around selling them for $10,000. It may happen but the chance is 1/1,000,000
Here are the things that make up from Oldies and Newbies keep falling in the trap:
- Name that taking in 100 Extensions. Why? The more extension is taken the more chance you will have trade mark issues
- Begging for Appraisal. Why? No one knows the value of a name. The funny thing is in some cases a newbie gives an appraisal to am oldies. You can sell the same name to an individual for $100 - small company for $10,000 and big company for $100,000. Also the information is indexed by Google. If someone appraised your name for $10 how can you sell to someone more than that?
- Keep buying Trade mark names and want to sell back to the company who own the trade mark.
- Names that has back links. Who care and Why?
- Exact match and Domain Authority. Who care? People do stupid searches all the time
- Buying names based on past sales? If IamStupid.com sold for $10,000 it does not mean YouAreStupid.com will sell in the same range.
- Here are some people copy cat from others in the request to buy section wasting everyone time:
-- Dictionary Word maximum 7 letters - Budget $1,000
-- Budget $10-$10,000 - Total budget $100,000 - meaning they will pay $10 per name. Who care about the total budget
-- Names that taken in 300 Extensions
-- Brandable Names - Meaning junk names and have no meaning
-- Members who normally deal with $10 names now want to buy LLL.com names
-- Wholesale or Reseller price only - Who would pay reseller price in this Forum - Also mean they will low ball you
-- SH or BB Premium for $10 - Give me a break!
And more. If you take a look at Trader Rating for most of these members, there is nothing for months or years.
The only thing that you need to know when buying a name is "What type of website or company can use it?"
Stop learning the wrong things. All the Analysis, Make up information, Statistical information MEAN NOTHING when it comes to Domain Name Business.
Here are the things that make up from Oldies and Newbies keep falling in the trap:
- Name that taking in 100 Extensions. Why? The more extension is taken the more chance you will have trade mark issues
- Begging for Appraisal. Why? No one knows the value of a name. The funny thing is in some cases a newbie gives an appraisal to am oldies. You can sell the same name to an individual for $100 - small company for $10,000 and big company for $100,000. Also the information is indexed by Google. If someone appraised your name for $10 how can you sell to someone more than that?
- Keep buying Trade mark names and want to sell back to the company who own the trade mark.
- Names that has back links. Who care and Why?
- Exact match and Domain Authority. Who care? People do stupid searches all the time
- Buying names based on past sales? If IamStupid.com sold for $10,000 it does not mean YouAreStupid.com will sell in the same range.
- Here are some people copy cat from others in the request to buy section wasting everyone time:
-- Dictionary Word maximum 7 letters - Budget $1,000
-- Budget $10-$10,000 - Total budget $100,000 - meaning they will pay $10 per name. Who care about the total budget
-- Names that taken in 300 Extensions
-- Brandable Names - Meaning junk names and have no meaning
-- Members who normally deal with $10 names now want to buy LLL.com names
-- Wholesale or Reseller price only - Who would pay reseller price in this Forum - Also mean they will low ball you
-- SH or BB Premium for $10 - Give me a break!
And more. If you take a look at Trader Rating for most of these members, there is nothing for months or years.
The only thing that you need to know when buying a name is "What type of website or company can use it?"
Stop learning the wrong things. All the Analysis, Make up information, Statistical information MEAN NOTHING when it comes to Domain Name Business.