No sale for 1 month, how do you motivate yourself?

[Domain Monk]

No sale for 1 month, how do you otivate yourself?

 

[DNGear]

 

[Lysted]

There are many factors that play a role in deciding the 'viability' of the 'business'. One being total number of domains. One cannot expect 1-2 sale of out of portfolio of 10-15 names, as the above average sales rate is 2-3%. As always, give it some time, would say 2-4 years to realize whether this business is right for you or not. Other factor being 'viability' of the domain itself. Selling them at wholesale prices is not going to cut it. So, you have to think from end user's perspective - that is where the margins are. We normally recommend these 2/3 criteria for deciding whether there is a buyer for the name.

1) Can the domain name be used for a ‘business’. Where does it fit in - product name, service, or business name itself.

2) Does the business identified in Step 1 has large enough scope. Can that business survive of its own by selling that particular product/service. If the scope is wider, meaning there are multiple industries where the domain can potentially be used, better it is as it will have larger audience, hence better chance of finding a buyer.

3) If you answered yes to both above - here is the next step. Since you are doing the domain business, so you are kind of 'business person' yourself. So you have to ask yourself this question, would 'You' run that business yourself (ignore the money part here). And this is what you have to think of when buying the name.

"Be a buyer first before becoming a seller"

Also, what is that important is that you do not have one particular type of names. Have some names that are high yielding, some average, and some that keep the engine running. Keep a mixed bag. Run by a name again and again and do not be fixated in one direction - ask your friends what they think of the name. Normally, people do not realize the value of the name and undersell because they need to sell, but most ask ridiculous prices, more a case of 'hit or miss' (that approach is not recommended). Buyer is no fool, they are businessmen themselves - that is why they are buying the name, and not because they just like the name.

Lastly, in forums, you will see lot of buzz around some names being sold for several thousands, the names that you would not pay $100 for. Do not get disheartened or excited over those news. Those instances are not very common and normally belong to very large portfolio owners, and their strategy is different and is based on their (decades of) experience. You have your own strategy based your understanding and experience.

Hope it helps.

 

[Josh R]

If you do this for a living and you need monthly income, then you normally have to sell a few names at wholesale prices.

That's why it's very important to own liquid names.

Just 1 reason why I advise most newbies to invest in 4L .coms.

 

[Rich Trader]

No sale for 1 month, how do you otivate yourself?

2 years as a domainer no sale.

 

[TrueDN]

PM me your names, I'll make it happen

 

[MR Harrist]

usually I refresh my sedo, afternic,godaddy,undeveloped dashboard ! who knows maybe I miss something in there!
or give some cash to ppl that needing it! usually it can bring good luck! afterall domain biz will need luck! without luck almost impossible to sell domain every month! unless you know something that I don't know

 

[Domain Monk]

2 years as a domainer no sale.

And still your a Rich trader

 

[GeorgeQuang]

The more quality names you have, the more sales come to you.
So how can i motivate myself ?
Chatting with other Domainers here.
Acquiring as many names as i could.
Playing football
Playing video games
Sleeping and dreaming
Praying
Yelling
Having an adventure into the jungle
Climbing a mountain
NEVER posting threads like yours.
Watching Daily Sale report List
Listening DNW.com podcasts
Watching Sherpas shows

 

[creataweb]

I constantly think of ways to tweak anything I'm doing to make it better. Most of my sales are passive / inbound anyway so while I may not have a sale everyday I certainly am working on new ideas to improve all around. And also a lot of reading and studying the market.

 

[shabash786]

if there are no sales for a long time, then you must check the trend. If you are all set but still no sales that means you don't have what people looking for.

• Sometimes you have to create needs of your product in the public so don't waste your time waiting for them to come to you. Instead, Step ahead and go to them with a bit lowered prices of your names. See if any buyer refused your price because it was higher at that time, contact em and offer your reduced price just to initiate couple of sales for rolling the ball.
• Another way to scrub your portfolio, if you selling through "Make offer" or "buy Now", its time to change your strategy and try "Auction" sales category with the slightly lowered "starting bid".
• This is what I do when there is "No or Slow" sale.

 

[Sinh]

 

[BrandMart]

No sale for 1 month, how do you otivate yourself?

Domaining isn't my primary business so no issues if sale don't happen for a month or two.

 

[DN_Hunter]

Does that include no inquiries and/or offers? I have not had a sale in a while, but I have had several negotiations, many inquiries, and a lot of low-ball offers.

So I constantly try to work on my negotiation skills (keep text files for replies to offers so I can copy/paste them when replying to inquiries/offers from my MarketPlace).

I also work on my marketplace. Was deciding between Efty and ToughDomains. I decided to renew with Efty for another year. But I might switch If there's no new release soon (I keep hearing they are working on several of the features that have been requested).

And I have started to consolidate registrars. I had domain names at 6 different registrars, so as names expire at some registrars, I am transferring them to two of my favorites. My ultimate goal will be only two registrars in the end...

Regards,
DN

 

[Bob Hawkes]

I guess it depends on whether domain investing is your livelihood or a hobby. In either case, I think it helps if you have a written plan - i.e. set goals for how many domains to sell each year, how much $$ profit, etc. That way if you are overall for the past 12 months on track, then it will help calm you about no sales in past month or two.

I think even if domain investing is your business, if at all possible you should have some other income source that is more steady, since unless you have a huge, liquid portfolio there will be times with no sales.

It is a good idea to set goals even when nothing is selling, whether that is research, improving online presence, listing in additional marketplaces, outbound inquiries, social media, etc.

Best of luck to the OP and to all who have contributed on the thread.

 

[GeorgeQuang]

Watching porn

 

[bmugford]

No sale for 1 month, how do you motivate yourself?

I really don't do anything different. Sales are streaky.

If you are getting steady offers then sales are a result of that over time.
If you are not getting steady offers then I would be more concerned.

Brad

 

[UmerK]

No sale for 1 month, how do you otivate yourself?

Go out and work harder for a sale - When I'm in a run like this one what I usually do is pick up next 3 names that are expiring or I want them gone and basically send out email to anyone I think could use it.

 

[IMEZI]

just pull out your blanket and get a long sleep hibernation deep within icy cave LOL

 

[domainventure]

WHAT?? Stop Lollygagging right now and get back to work on the double

No sale for 1 month, how do you otivate yourself?

 

[stewmath]

Domaining isn't my primary business so no issues if sale don't happen for a month or two.

Same answer as this, selling domains is just a hobby for me. If i make a sale then great i just stick the money to one side and keep my eyes open for other names i like. If i dont sell anything for a while then atleast i got enough to still cover renewals.

 

[Haroon Basha]

I will stop buying new domain names for one month and heavily concentrate on selling what I have i possession. For some people new ideas and tricks pop ups in mind, when they are under pressure!

 

[Jurgen Wolf]

The best solution is to have the domains with quality traffic...
So even during long periods without sales - you may live just from monetization...

 

[Yusupbabay]

this is the conclusion of my 1 year experience in the domain business.

there are 6 ways to succeed in the domain business:

1. investment TLD .com, .net, .org. by having a 1 word domain
2. short domain investment 3L, 4L 3N, 4N, 5N, 6N .com. / 3L, 4L.3N, 4N, 5N. net / 3L org
3. domain investment crypto, coin, block, token, ico 2 words keyword
4. investment brand domain in BB or Brandpa.
5. domain investment that has parking income.
6. Instantly upgrade your domain portfolio to over 2,000 domains with the specific terms of the domains that are numbered at number 1 through number 5

best regards

 

[Keukatodd]

I blare Fleetwood Macs' Go your own way and replace the words with, Yer gonna sell a domain - Sell a domaiiaiin! Works like magic.