opinion Should I be worried?

[Gazed416]

Hello, everyone.

I am very new to the domain world. I basically figured out about appraisal on Estibot a few days ago, and I came across a name that was for sale less than its appraised value. Of course, I bought the name because I was thinking about the possible profit that I might end up making.

However, I'm starting to realize that this business of flipping domains does not happen over night, and honestly I'm worried because my plan was not to hold onto a domain (plus its website).

I'm basically paying the appraisal site, a hosting site, and the registar site, just for one domain and website to take fees while I don't know if I'll ever get it to sell?

From the outside, everything related to the internet looks big, but maybe too big. Many too much competition because where do I go from here? Try selling the domain on my own, or hire a broker, or if everything else fails do I just accept that I have bought a loss?

I've only had the domain for close to three days now but the unknown is killing me as to how I should proceed and if domain flipping is something that I should keep on doing after I manage to sell my current domain.

 

[handpicked]

Hi, there's tons of resources here at NP and v.experienced co-members so ask questions/learn and then invest.

I too learnt a few valuable tips here:

1) A name without traffic / prospects of traffic is a dead snake.
2) History of the name matters (rankings).
3) Name has to be clean (no penalty / no copyright).
4) Hand registered names are history now - look for aged pickles.
5) Aim only at buying low and selling not so low - selling high needs a genius.
6) Luck doesn't favor you in domaining - consistent business is a distant dream.
7) Investment is needed here - both for visibility and for value - its like any other tomato business.
8) You like your names and you're sure to loose money - instead like your business.
9) No money is small money - initially, aim for multiple smaller income streams selling average names.
10) It's a world of Flickr, Fiverr and brand names today are going crazy, in the future brand names may be ending with ly or sy we do not know.

best wishes.

 

[MapleDots]

Hmmmm,

I've been in the business a long time and have yet to start flipping domains. It's a buy at the right price and hold for a buyer type of business. Anyone wanting to play a quick flipping game is bound to end up on the losing side especially if they cannot afford to hold and wait.

That said, I have mentioned numerous times in the past that the name "domain flipping" is so far from what actually happens in the domaining world that it's actually quite laughable.

Fact is most domains eventually get dropped by people that can no longer afford to hold on to them. Only a few get flipped or traded and even a smaller number ever get sold for any serious cash.

I sold a domain for $11,900 today and to say I flipped it would be as far from the truth as you can get. I held this domain for 7 years before I ended up with the sale. So all in all I had about $100 dollars tied up for 7 years. It was a good domain but even then the right end user had to want it and that is the number one job of a domainer, finding the right end user for a domain. I don't think I have EVER really flipped in all my years of doing business.

 

[Gazed416]

1) A name without traffic / prospects of traffic is a dead snake.
2) History of the name matters (rankings).
3) Name has to be clean (no penalty / no copyright).

Thank you so much for the insight on all of the points that you made, but point 1-3 for me is very difficult to verify. Especially point number 1 because different sites give me different traffic results and I just don't know which site to rely on

 

[Gazed416]

Wow, what was the domain that you sold today?

 

[domainsnatcher]

Thank you so much for the insight on all of the points that you made, but point 1-3 for me is very difficult to verify. Especially point number 1 because different sites give me different traffic results and I just don't know which site to rely on

Try getting Google search volume with Keyword Planner. It will show you how much traffic & interest a term is getting on Google. You can also use Google Trends to search for a broad niche, to see if a trend is on the rise or if it's falling.

As for ranking, I believe Google treats aged domains more favourably in its algorithm. You can simply check the age of the domain (and thus get an idea of ranking) by checking the who.is database. This will show you when the domain was registered and therefore you can get the age of it.

Lastly, to check trademarks, go on Trademarkia and if something is off or you're unsure, WIPO. I'm actually not sure how to check for penalties... does anyone know how to do this? Will something like this work?

Remember - if it was easy, everyone would do it. How can you separate yourself from everyone? What can you do that not many other people will do? How can you be different?

Best of luck, hope you land a sale soon. Sometimes people could be nicer on here but at the end, they're harsh to you only because they're criticizing you and trying to improve your skill. I think it's important to remember that.

 

[Gazed416]

You'll never understand how much I appreciate your valuable input because have given me irreplaceable guidance. Thank you so much. I agree that it is not easy, which makes it exciting for me to think that just maybe I find myself buying a domain that is worth something. Also, I understand some criticism from others and I'll try my best to keep my chin up in the future.

 

[domainsnatcher]

You'll never understand how much I appreciate your valuable input because have given me irreplaceable guidance. Thank you so much. I agree that it is not easy, which makes it exciting for me to think that just maybe I find myself buying a domain that is worth something. Also, I understand some criticism from others and I'll try my best to keep my chin up in the future.

Awesome. Shoot me a message if you wanna ask anything. I still consider myself a beginner, I know a bit here and there but there's still much to learn. I do have a strong grasp on business concepts like searching for gaps in demand and filling those niches... very valuable for any business. It actually transfers to domains too. But yeah, anyways, if you want to ask me anything I'd love to help.

 

[Corey]

Education costs money.
You are going to make mistakes that have a financial cost.
A couple of resources for you

• Domain Name Sales History - NameBio
• ShortNames - Tracking the Short Domain Name Market
• Expired Domains | Daily Updated Domain Lists for 450 TLDs

Cheers
Corey

 

[dobbsie]

Hi, there's tons of resources here at NP and v.experienced co-members so ask questions/learn and then invest.

I too learnt a few valuable tips here:

1) A name without traffic / prospects of traffic is a dead snake.
2) History of the name matters (rankings).
3) Name has to be clean (no penalty / no copyright).
4) Hand registered names are history now - look for aged pickles.
5) Aim only at buying low and selling not so low - selling high needs a genius.
6) Luck doesn't favor you in domaining - consistent business is a distant dream.
7) Investment is needed here - both for visibility and for value - its like any other tomato business.
8) You like your names and you're sure to loose money - instead like your business.
9) No money is small money - initially, aim for multiple smaller income streams selling average names.
10) It's a world of Flickr, Fiverr and brand names today are going crazy, in the future brand names may be ending with ly or sy we do not know.

best wishes.

 

[dobbsie]

Thanks Handpicked. You ten item list contains more useful info than most pdf's that I've read.