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...