question Time, Money and Blood

[GeorgeQuang]

Hi guys, i'm a newbie in this industry. In the beginning, i thought that become a domainer is great because you just need to do 1 -2 hours/day, and can work wherever you want with Wifi connection. But all things i thought are wrong.
I quit my Logistics job, work as a staff in a Domain Company full-time and investinto Expired/Close out/ Dropped domains for 4-5 hours/day. So i work nearly 12-13 maybe 15 hours/day.
To became a successful domainer is a long load, you have to spend all your time, your soul, your capital in it.
Now i have over 150 domains ( each domain has at least 2 Potential buyers), get 7 inquiries at least 1k for each, sold 1 for 1k (silvagas.com).
Sometimes, i felt very tired, and i thought " What the heck you are doing now ? ".
So, is there any advise for me for increasing the number of domains, spending more time, more capital.... ?
Thanks in advance, bros.
Oh, i forgot, as below are the list of domains that get bid, but i didn't accept the price.
abarsoft.com for 990$
gettaco.com for 1k$
synolex.com for 990$
vistahr.com for 1k2$
ssholidays.com for 990$
hellofix.com for 1k$

 

[gilescoley]

My advice for you is to sell these names for whatever you can and invest in better names. Anyone who is receiving x,xxx offers for names registered in the last year or 2 has a knack for this game, especially as some are considered brandable names...some people wait 5-10 years to get offers on names like these.

Sell them and you can buy much better names. Try not to be greedy in this game and consider it a good ROI if you sell names for x,xxx that you bought for xx or xxx

Good luck

 

[GeorgeQuang]

hi Giles,
Those name get inquiries are dropped domains, just cost register fee for them @@ .
I just learn to buy domain from auction this year, and got 35 domains from GD expired/ Gd close out.

 

[Lox]

When you fall in love with a ready to be sold domain name, you lose your sense of benefit (value added and profit).

 

[Ategy]

That's weird that you got half of your offers for exactly $990 ... are you sure they were valid buyers? Be careful.

BTW .. I would have sold all 6 of those for the prices you were offered. I'm surprised they got offers aside from maybe VistaHR. Either you're lucky .. or you're at least doing something right .. how did the offers come to you?

 

[gilescoley]

That's weird that you got half of your offers for exactly $990 ... are you sure they were valid buyers? Be careful.

I agree, as @Ategy.com said, I would be very careful, this looks like a typical scam.

 

[davidc1]

Hi

Do not hesitate to sell when you have not too bad offers.
I have some customers who sell domains at $3k minimum and others at $100, not sure which one is making more money.

I think the best way to learn is to sell a lot, and become confident of what you choose to buy.

David.

 

[GeorgeQuang]

That's weird that you got half of your offers for exactly $990 ... are you sure they were valid buyers? Be careful.

BTW .. I would have sold all 6 of those for the prices you were offered. I'm surprised they got offers aside from maybe VistaHR. Either you're lucky .. or you're at least doing something right .. how did the offers come to you?

Hi, i forwarded all domain to a landing page. So if the buyer want to make an inquiry, they must fill out the buying form. So surely 100% is realbuyer.
For VistaHr.com, there are too many Potential Buyers for it :
vistahr.bg
vistahr.in
vistahr.ca
vistahrpro.com
vista-hr.co.uk
vista-hr.pl

 

[GeorgeQuang]

Hi

Do not hesitate to sell when you have not too bad offers.
I have some customers who sell domains at $3k minimum and others at $100, not sure which one is making more money.

I think the best way to learn is to sell a lot, and become confident of what you choose to buy.

David.

Hi David,
Yes, but i think i should accept their price to re-invest in better domain names .
I started with a tiny capital to buy dropped domains, so money is my blood to survive in this industry
But how much money is enough to begin ?
And do you research domain's Potential Buyers before buy it ?

 

[GeorgeQuang]

That's weird that you got half of your offers for exactly $990 ... are you sure they were valid buyers? Be careful.

BTW .. I would have sold all 6 of those for the prices you were offered. I'm surprised they got offers aside from maybe VistaHR. Either you're lucky .. or you're at least doing something right .. how did the offers come to you?

Because i forwarded all domains to a landing page, the buyer must fill out the buying form with the minimum asking price is 990$

 

[frank-germany]

Hi guys, i'm a newbie in this industry. In the beginning, i thought that become a domainer is great because you just need to do 1 -2 hours/day, and can work wherever you want with Wifi connection. But all things i thought are wrong.
I quit my Logistics job, work as a staff in a Domain Company full-time and investinto Expired/Close out/ Dropped domains for 4-5 hours/day. So i work nearly 12-13 maybe 15 hours/day.
To became a successful domainer is a long load, you have to spend all your time, your soul, your capital in it.
Now i have over 150 domains ( each domain has at least 2 Potential buyers), get 7 inquiries at least 1k for each, sold 1 for 1k (silvagas.com).
Sometimes, i felt very tired, and i thought " What the heck you are doing now ? ".
So, is there any advise for me for increasing the number of domains, spending more time, more capital.... ?
Thanks in advance, bros.
Oh, i forgot, as below are the list of domains that get bid, but i didn't accept the price.
abarsoft.com for 990$
gettaco.com for 1k$
synolex.com for 990$
vistahr.com for 1k2$
ssholidays.com for 990$
hellofix.com for 1k$

mhm
I would have accepted

 

[Ategy]

For VistaHr.com, there are too many Potential Buyers for it :

Yeah .. what I meant is that VistaHR is much better than the others. It doesn't surprise me you got offers for it. (I was more surprised about offers on the others)

Makes a little more sense now that your minimum was set at 990 .. otherwise if 3 people all randomly put in 990 I really would have been suspicious! lol

Anyhow .. good luck with your domains!

 

[Cdomains]

Take the offers and move on.

The offers could stop coming, or get lower.

Like some other posters on this thread said, take the $ and reinvest in better names.

 

[davidc1]

I agree but the problem is that you could not know what is a "better" name.
You could buy some more expensive domains but by the end your ROI will never be positive...
That's why i think cheap domains is good for a newbie.

 

[GeorgeQuang]

yes, maybe i will focus on buying names from GD Expired Auction and Close out, then the next step is try to catch names from NameJet and DropCatch....
IT's a long road and the main question is : How can you manage your fuel to run your business car till the end ?

 

[Cdomains]

I agree but the problem is that you could not know what is a "better" name.

After you've been at this a while you do get a sense of what a "better name" is.

With enough experience you can cut down on the chance of picking a bad name.

Of course, there are no guarantees.

 

[Cdomains]

yes, maybe i will focus on buying names from GD Expired Auction and Close out, then the next step is try to catch names from NameJet and DropCatch....
IT's a long road and the main question is : How can you manage your fuel to run your business car till the end ?

Be ready to pay up for these names.

The bids for even low quality names have skyrocketed recently.

I used to be able to pick up half decent names at closeout or for reasonable prices at GD auctions, but in the last 18 months or so the bids have gone up drastically.

There are a lot of newbies bidding up even crappy names, because they don't know any better.

Many newbies will see a bid on a name placed by another newbie and start bidding, thinking it is a good name.

I have seen $hitty names bid up high because of newbies bidding to much.

Decent names almost never make it to the closeouts, and the really good names are bid up way too high now.

It is getting to the point where it will be hard or impossible to make a good return on a name because of the cost of acquiring them at auction now.

Even Namejet and the others are heading in this direction.

 

[GeorgeQuang]

Yeah .. what I meant is that VistaHR is much better than the others. It doesn't surprise me you got offers for it. (I was more surprised about offers on the others)

Makes a little more sense now that your minimum was set at 990 .. otherwise if 3 people all randomly put in 990 I really would have been suspicious! lol

Anyhow .. good luck with your domains!

There are some story behind those inquiries
abarsoft.com : an Afganistan guy want it to build his site.
gettaco.com : a guy from LA want to set his restaurant access.
synolex.com : a company located in Dubai want it, maybe for their new brandable product
vistahr.com : a guy from Colorado want it to start his new Consulting firm
ssholidays.com : a guy from Bangladesh forgot to renew it, then he want to have it again
hellofix.com : 2 Indian guys want to create their start-up, i think so.
But yes, there are no guarantees to sell a domain. I just research to find how many Pbs does the domain have, the search volume, the domain's history then asking myself should i buy it ?
You can easily burn your money quickly in this industry if you don't get some experience.
BTW, what is the highest price have you paid for a domain, my bros ?
I paid 47$+8,47$ renewal fee for TimTravel.com in GD expired when i was drunk =))

 

[GeorgeQuang]

Be ready to pay up for these names.

The bids for even low quality names have skyrocketed recently.

I used to be able to pick up half decent names at closeout or for reasonable prices at GD auctions, but in the last 18 months or so the bids have gone up drastically.

There are a lot of newbies bidding up even crappy names, because they don't know any better.

Many newbies will see a bid on a name placed by another newbie and start bidding, thinking it is a good name.

I have seen $hitty names bid up high because of newbies bidding to much.

Decent names almost never make it to the closeouts, and the really good names are bid up way too high now.

It is getting to the point where it will be hard or impossible to make a good return on a name because of the cost of acquiring them at auction now.

Even Namejet and the others are heading in this direction.

Yes, you are right my dear,
Everynight i don't know how can someone pay too much money for terrible domains, maybe there are some ugly newbie like me, don't have any knowledge, and buy the domains that they think it can be sold in the future.

 

[VaibhavA]

Hello GeorgeQuang,

Really impressive.

Some real genuine honest sharing. Hard to find these days.

Reg, how to maintain business fuel. Selling at 1K for an avg 25$ name is a good return in good time. Basically, money in bank keeps this business running. As tomorrow you WILL find good names again. IMO...

 

[Bannen]

You're treading in dangerous area here; some of these (maybe all, I didn't check) are trademarked/branded terms in some countries. You seem to be concentrating on TM domains (from what I can see in your short list) and even though the brands are in scattered countries, it's only a matter of time before you receive a lawsuit. I see all kinds of branded names dropping each day from countries around the world, and I don't touch them. A lot of them are regged in 5 - 20 other extensions so that gets people excited... but they are still TM domains, a company has branded that term and it is not a generic term. Couple examples from your list are Abarsoft and Synolex, they are brand-only terms (like google) and nothing to do with any generic keyword.

So far you've lucked out and are getting offers for them rather than getting sued... but keep in mind that you are dealing with 'hot potatoes'. Many newbies make this mistake, but I hope you'll play it safer and curb the TM domains.

Welcome to Namepros, good luck and best wishes

 

[GeorgeQuang]

Oh thanks so much for your feedback, my dear.
Just 5 of 150 domains in my portfolio are brandable. And i always check with trademarkia.com before registering them. The reason why i picked them are:
1 > There are tons of companies with the same brandable ( you can check on trademarkia.com to see) as long as they work in separate industry fields, they can apply for their brandable with industry name.So there are always rooms for new companies with existed brandables.
2 > My strategy is : get a domain for low price, then try to sell it for 1-2k. As i know that if a company want to filed a UDRP , they must pay 2k fee and they just do that after contacting a domain holder without selling agreement or the price is too high. So bring me 2k, they can get their domains without lawyers or lawsuit.
But yes, those brandable are hot potatoes, you can be hurt easily.

 

[gilescoley]

My strategy is : get a domain for low price, then try to sell it for 1-2k. As i know that if a company want to filed a UDRP , they must pay 2k fee and they just do that after contacting a domain holder without selling agreement or the price is too high. So bring me 2k, they can get their domains without lawyers or lawsuit.

This is called squatting and its what gives all us domainers a bad name. Rather try and work with integrity and professionalism, it goes a long way in domaining. You are better of focusing on names you can sell on, most people on here and other companies wont touch trademarked names and even if they arent trademarked, dont mess with the names of existing companies. Is your reputation really worth $1 or $2k

Good luck

 

[GeorgeQuang]

This is called squatting and its what gives all us domainers a bad name. Rather try and work with integrity and professionalism, it goes a long way in domaining. You are better of focusing on names you can sell on, most people on here and other companies wont touch trademarked names and even if they arent trademarked, dont mess with the names of existing companies. Is your reputation really worth $1 or $2k

Good luck

Yes, i know that there are some domainers out there try to catch existed company names, then try to contact them to get some bucks. And this work makes domainers become bad guys in end users' eyes.
I don't try to catch those name, i hate this work, i just registered the name that i thought it good, and may be it can be sold in the future.
And as i mentioned, i just register 5 domains that can be trademarks, if i'm a guy that love to catch names then re-sell them to their holders, i would not call i'm a domainer, maybe i'm a thief.
For those trademark names, as i said, i can leave them go with 1k$ and 2k$ instead of sticking into a cyber squatting. And my strategy is to buy Dropped or Expired and Close out names that can be sold for 1k 2k ( because i'm not a guy who has deep pocket to invest in premium domains at the beginning). If i was a bad guy that love to collect all trademarks name, then try to sell them for 1k or 2k , my portfolio would have been 300 or 400 trademark domain names, not just 5, my dear I mean i buy ALL domains that can help me get at least 1k or 2k, not TRADEMARKs that can help me to bury my reputation in this industry
I'm trying to learn and invest to good generic , brandable, geoneric names .... So my reputation is built from what i do, which domains i invest, not for 1k or 2k.

 

[gilescoley]

For those trademark names, as i said, i can leave them go with 1k$ and 2k$ instead of sticking into a cyber squatting.

You delete them, you dont sell them for even $5, benefiting financially from TMs is exactly what can get you into trouble and this is whats frowned upon in this industry. I wont go into this with you but its common sense, totally up to you if you do the right thing or not...