Labeled as strategy in Domain Selling and Domain Sales started by ImperiousDon, Sep 13, 2018.
Can you give me some advice ?
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.
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.
Ohh, boy... short version: don't bother!
Reevaluate and up your game! Think $500 - $1,000. At the very least!
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.
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
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!
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.
Agreed again. But targeting domain sales of $500 - $1,000 is hardly going overboard and flying to the moon
Respectfully, I have to agree to disagree with you on this count all the way! Luckily, thinking big has no such prerequisites!
Ok good point on the last part
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
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
More like 80%
If you really can do this you should write a book about it.
If I really can?? Lol you guys have no clue and I will never write a book
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 ?
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.
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.
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
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.
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.
I.... lack the knowledge?
Let me rephrase ..lack the vision
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.
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.
@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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