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Strategy to sell domains at least 50-100$ :)

Labeled as strategy in Domain Selling and Domain Sales started by ImperiousDon, Sep 13, 2018.

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  1. ImperiousDon

    ImperiousDon Established Member

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    Can you give me some advice ?
     
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  2. golan

    golan Leo.Domains Gold Account VIP

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    Very simple: just buy domains that are worth $50-100. That somebody in the world would ever want to buy. And once you have such domains, read this forum more.
     
  3. NYJimbo

    NYJimbo Domain Re-Animator

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    Do yourself a favor and don't waste time buying junk and selling cheap. I played with it for a few months and its too much work for too little return. You think it would be easy to flip at really cheap prices, but you will put in the same effort as you would on a mid $xxx domain. Buy decent closeouts/snaps/whatever at $20 each and put them up for mid to high $xxx. If you find something really nice, go for low-mid $xxxx.
     
    Last edited: Sep 13, 2018
  4. J Sokol

    J Sokol Established Member

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    Good point.
     
  5. Domains - Wanted

    Domains - Wanted Active Member VIP

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    Ohh, boy... short version: don't bother!

    Reevaluate and up your game! Think $500 - $1,000. At the very least! :xf.smile:
     
  6. imadoer

    imadoer Active Member PRO VIP

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    Nothing wrong with starting small at first and doing volume. A lot of people miss this and have no cash flow because they are so focused on making enduser sales.
     
  7. Domains - Wanted

    Domains - Wanted Active Member VIP

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    Agreed, nothing wrong with starting small. But my experience has been that if you don't think a little bigger, you not only start, but also finish small (n)

    Domaining, targeting $500 - $1,000 sales, or higher, requires an entirely different approach and skill set than the $50 - $100 peanuts. But no, nothing wrong with making peanuts, as long as that level is satisfactory to the OP. And yes, he can up his game later. But my suggestion stands: think and start bigger! :xf.smile:
     
    Last edited: Sep 13, 2018
  8. imadoer

    imadoer Active Member PRO VIP

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    I agree with thinking bigger. But if you think you want to fly to the moon. It's really hard to do when you only have a few rocketship parts and you dont know how the peices go together.

    People need to get some knowledge and experience before they think big.
     
  9. Domains - Wanted

    Domains - Wanted Active Member VIP

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    Agreed again. But targeting domain sales of $500 - $1,000 is hardly going overboard and flying to the moon :xf.wink:
    Respectfully, I have to agree to disagree with you on this count all the way! Luckily, thinking big has no such prerequisites! :xf.grin::xf.grin:
     
    Last edited: Sep 13, 2018
  10. imadoer

    imadoer Active Member PRO VIP

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    Ok good point on the last part
     
  11. Paul Nicks

    Paul Nicks Active Member GoDaddy Staff PRO VIP ★★★★★★★★★★

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    The trouble with targeting $50-$100 is that the math simply doesn't work. The best portfolios out there have an annual sell-through of around 2%. I would surmise that a hand-reg portfolio is closer to 0.5% or so if done well.

    So, if you register 1000 domains @ $10 ($10k investment) and sell 5 (0.5%) of them the first year for $100 each then you are out $9500 on your initial investment after 1 year. The only winning strategy after that would be to drop the other 995 domains.

    Even at a best case scenario you'd sell 2% (20) of these domains and still only recoup $2,000 of your $10,000 investment.

    The only way to make a sustainable profit is to identify domains that you can sell for $1k or more
     
  12. imadoer

    imadoer Active Member PRO VIP

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    Why does it have to be one year?? Why cant he move a few hundred in a few months to resellers and use it as a stepping stone to buy better names in the aftermarket or privately??? I use this strategy from time to time so please enlighten me how this doesnt work.

    I'll register 1000 for $1 and sell 80% for 35 peice in a few months if I wanted to how much money is that??

    2% sell thru rate when selling to resellers??? Lol:ROFL:(n):ROFL::xf.laugh:(n)

    More like 80%
     
    Last edited: Sep 13, 2018
  13. NYJimbo

    NYJimbo Domain Re-Animator

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    If you really can do this you should write a book about it. :-P
     
  14. imadoer

    imadoer Active Member PRO VIP

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    If I really can?? Lol you guys have no clue and I will never write a book
     
  15. NYJimbo

    NYJimbo Domain Re-Animator

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    No, seriously. Where are you getting 1,000 domains for $1 each AND selling 80% of them for $35 a piece in a few months ?
     
  16. Paul Nicks

    Paul Nicks Active Member GoDaddy Staff PRO VIP ★★★★★★★★★★

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    Well you just said it right there, "a stepping stone to buy better names". Why would you want to buy better names if you are good enough to turn a substantial profit on hand regges? I said 1 year because you are required to pay 1 year registration on all domains before making a call on whether the domain should be renewed or not, so it is good hygiene to look at your portfolio based on annual statistics (sell-through and average sales price are critical KPIs).

    In order to move a few hundred in a few months consistently you would need to register several thousand which puts you back into a break-even at best situation.
     
  17. Domains - Wanted

    Domains - Wanted Active Member VIP

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    Actually, things are not that bad as you make them sound, Paul. You are applying end user sales metrics to a $50 - $100 sales strategy that's targeting resellers or very low-end end users. Different metrics apply there.
     
  18. imadoer

    imadoer Active Member PRO VIP

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    For me I sell names at all levels from xx to xxxxx

    I move a lot of volume. You cant see my vision you only see your assumption stats lol my method works well so Paul your wrong I'm not going to try and break down my strategy if you lack the knowledge to do what I do that's on you

    And @nyjumbo if you open u your eyes some you will find a link for $1 .coms on namepros good luck

    You also asked where you can sell handregs yo resellers well one of the best places on earth is NAMEPROS
     
    Last edited: Sep 13, 2018
  19. NYJimbo

    NYJimbo Domain Re-Animator

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    I know about the $1 link, but thats a fluke, not something you can rely on. Once they figure it out, its gone. Thats also only been around for a few months. So if you used it to build up a 1,000 domain list and sold 80% in a few months you would have had to buy almost all of them in the first few weeks since they put it up.

    I just do not see how or where you are doing this. You're not selling them here AND if you sell them on the major platforms most wont take them for $35 or will eat your profits.
     
  20. Paul Nicks

    Paul Nicks Active Member GoDaddy Staff PRO VIP ★★★★★★★★★★

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    OK, fair enough. As a purveyor of wholesale inventory I agree that STR is higher on domains that go cheaply (let's call it 5%) but it's still not high enough to make up for the cost of acquisitions and renewals, much less the value of your own time.
     
  21. Paul Nicks

    Paul Nicks Active Member GoDaddy Staff PRO VIP ★★★★★★★★★★

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    I.... lack the knowledge?
     
  22. imadoer

    imadoer Active Member PRO VIP

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    Let me rephrase ..lack the vision
     
  23. Paul Nicks

    Paul Nicks Active Member GoDaddy Staff PRO VIP ★★★★★★★★★★

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    OK, let's get this back to the OP @ImperiousDon

    Many professional investors are giving advice that $50-$100 sales aren't viable in the long run, so I would suggest staying away from that niche as a new investor. @imadoer apparently has the model figured out but he is secretive (as he should be) about his methods, so there still isn't any great advice to gleam from his successes.
     
  24. Domains - Wanted

    Domains - Wanted Active Member VIP

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    Agreed on this last... metrics aside, life is simply too short to play for proverbial peanuts. Seriously, we, each of us, have a relatively short time on this earth, something many newcomers, that is younger people, do not appreciate yet. A decade or two ago, neither have I! Hence my suggestion that OP up his game right out of the door and target the $500 - $1,000 low to mid-end end user market with all the pitfalls that implies.
     
    Last edited: Sep 13, 2018
  25. imadoer

    imadoer Active Member PRO VIP

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    @Paul Nicks do you tell everyone where you get your domains?? And how ?? Do u tell everyone all your methods and secrets?? Please share them all so we can all know everything you do and make your life 10x harder
     

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