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Skill sets: What to outsource and what to learn/DIY?

Labeled as advice in Domain Parking and Traffic Monetization, started by GAhmed, Aug 15, 2016

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  1. GAhmed

    GAhmed Established Member

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    Hi, not sure if I've posted in the correct forum, or if this topic has already been addressed before? If it has, I apologies, and I would be grateful if someone could point me to the relevant thread(s).

    I'm new to the world of domain flipping and monetising websites, therefore I am seeking advice, information and guidance in these early days.

    For this particular topic, I would like to ask if any of you guys follow a process when producing your monetised websites?

    What do you use to produce and maintain the website?
    Do you outsource some/all tasks?
    What skills should one possess and utilise instead of outsourcing?
    What's the time scale producing something yourself vs outsourcing?
    What is the time/cost ratio for DIY vs outsourcing?

    Basically I am trying to figure out how best to utilise my time for the best results (income and traffic). If you don't feel comfortable sharing your views and advise with everyone, please drop me a private message. If you outsource to reliable individuals, a referral/contact details will be much appreciated :)
     
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  2. Addison

    Addison Top Contributor VIP

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    The great thing about domain flipping is that anyone can learn it. Learning it is not difficult, but it is time consuming. Once you put in the time, domain flipping is not difficult (this isn't brain surgery or remotely close to it).

    On the flip side (pun intended!), that is what makes outsourcing difficult. Once someone learns the trade, they no longer need you and you lose them as a contractor/helper. Most domain flipper operations are a one-man or one-woman show.

    The same goes for domain monetization. You can learn about that here.

    Monetizing websites is more difficult and there are thousands of books on it from business books, finance books, economic books, SEO books, to AdSense books.

    Unless you are planning to go to the college of Google for the next 5-10 years of your life to learn about development and monetizing websites, then your only option will be to outsource or partner with the right person who already has the knowledge.

    My advice is to stick with domains, because websites are a different beast.
     
  3. deez007

    deez007 The More I Learn The Less I "Know" VIP

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    I think outsourcing is always the ideal solution but it's also important to learn as much as you can. This will help you identify who the quality outsources are and also make sure you don't get taken for a ride.

    As @Addison mentioned, domaining is a different beast from website development and monetising. When it comes to the latter it's a big learning curve and one that requires continuous learning, as new developments happen constantly.
     
  4. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    what to learn?

    unlearn the word > domain flipping

    cuz, you gotta learn what to buy, before you can sell


    imo....
     
  5. GAhmed

    GAhmed Established Member

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    @Addison @deez007 @biggie thanks for your advice. I was under the impression in order to increase the chances of selling a domain for as much as possible was to park the domain or procure a mini website. The former being the least favourite from the two since it doesn't generate as much passive income and traffic.

    I am trying to figure out what I can do with the first batch of domains (four domains) I purchased last year. I have done nothing with them since.

    What would your advice be to someone who is just starting out? What are the steps involved? Is there a guide on namepros I could follow?
     
  6. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    one should always park their domains first, then decide what to do with them later
     
  7. GAhmed

    GAhmed Established Member

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    Is it as simple as following the instructions on the parking site? Or is there more to it?
     
  8. Addison

    Addison Top Contributor VIP

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  9. GAhmed

    GAhmed Established Member

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  10. TopShelf Domains

    TopShelf Domains Established Member

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    I would have to disagree with this. Not always.

    With the amount of companies trying to win via UDRP for even generic words. Parking without being careful of the ads being displayed can set you up for trouble.
     
  11. GAhmed

    GAhmed Established Member

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    What is UDRP?
     
  12. mr-x

    mr-x Top Contributor VIP ★★★★★★★★★★

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    Building websites that make money is hard work. Park you domains at SEDO or DomainNameSales.com. List it for sale in everywhere. Godaddy, SEDO, Afternic, etc.

    Most domains are near worthless on the aftermarket so resist the temptation to register domains randomly. Better to spend 3k on a good name then 1k on a many bad names.

    Easier to sell one or two names / websites then 100. Take that $900 you would've spent on renewals and buy one domain or build one website.

    Most people like WordPress. I prefer ImpressPages.

    You get what you pay for when outsourcing. A good developer charges what they are worth. Unless the task is trivial, avoid cheap freelancers.

    Invest time in online courses for PHP, JavaScript, CSS and HTML. You'll have better understanding when talking with a developer.

    KISS or Keep It Simple Stupid. Seriously.. start with 1 or 2 domains. Don't buy domains b/c the price is only $9.. $9 * 100 = $900 a year. In 3 years you'll have spent $2700.
     
    Last edited: Aug 17, 2016
  13. GAhmed

    GAhmed Established Member

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    Thanks for the advice @mr-x
     
  14. mr-x

    mr-x Top Contributor VIP ★★★★★★★★★★

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    @biggie You know what might be fun? Helping @GAhmed find a domain and build a website. Nothing like OJT.

    @GAhmed, interested?
     
  15. decades80

    decades80 Top Contributor VIP ★★★★★★★★★★

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    Building a Website is Very time consuming. I have about 1K domains and they are not for sale, but for parking purposes only. Its the easiest money you could imagine. You earn while you sleep actually.
     
  16. GAhmed

    GAhmed Established Member

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    @mr-x @biggie I like the sound of that! Like a mentored project! What's OJT btw?
     
  17. mr-x

    mr-x Top Contributor VIP ★★★★★★★★★★

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    True but there is something to be said for experience.
     
  18. GAhmed

    GAhmed Established Member

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    Really. I'm interested in hearing more about your endeavours...
     
  19. mr-x

    mr-x Top Contributor VIP ★★★★★★★★★★

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    On the Job Training.

    What type of experience / hobbies do you have?
     
  20. GAhmed

    GAhmed Established Member

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    In regards to buying/selling domain names - I purchased 4 domains over 7 months ago:

    Cooligloo.com
    Cooligloo.co.uk
    Cooligloos.com
    Cooligloos.co.uk

    They were initially registered for the intention of starting an online business. That unfortunately didn't come to fruition and I haven't done anything with them since.

    My hobbies mainly include, football/soccer, video games, social media, technology/gadgets, mobile phones, food.
     
  21. GAhmed

    GAhmed Established Member

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    In addition to my previous response, I would like to thank you @mr-x and @biggie . I would appreciate an opportunity like this. I like the idea of learning on the job whilst being mentored. I believe in learning through application rather than theory. What are you thinking along the lines of in regards to OJT? How will it work?
     
  22. briguy

    briguy Guru In Remission! VIP ★★★★★★★★★★

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  23. GAhmed

    GAhmed Established Member

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    Hi, thanks for the info. Could you fill me in on your outsourcing process and costs? Are you willing to share your sources?
     
  24. briguy

    briguy Guru In Remission! VIP ★★★★★★★★★★

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    Well, there are some talented people on this forum
    https://www.namepros.com/forums/services.256/
    Great way to network.
     
  25. GAhmed

    GAhmed Established Member

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