Good post VRdommy! You have a lot of knowledge about domaining, so why don't you share it and help educate newbies like myself?
I would love it if you made a page with some basic tutorials, tips and tricks as to why some domains are valuable and others not etc. What tools you use and how you do your due-dilligence.
-RedTape-
I tried to send a personal msg but system said I was trying to spam you. HAHA.
Since I may not be herd from again for quite a while and I thought since you were a self proclaimed newbie, I might throw a few things at you. Listen to the proven experienced words. Draw you own conclusions and chose carefully.
Its about quality, not quantity.
If you are investing in future tech, it should be future tech that you have knowlage of first hand. Just like a stock market investor. If you don't have it, get it. Read,read,read. Play with it if you can. See it first hand. understand it. Think of yourself as venture capital.
How many will need it, How many will want it, how much competition is there for similar names and extensions. What is the previous history for similar names. What is so unique about that name that no others will do ?
Any domain is BRANDABLE with the right amount of advertising. "There is value" in not needing the advertising element to be a memorable and non-confusing name.
The reason most buy so sloppy is they fail to understand why some domains have brought a high dollar. They just think anyone can pay a few weeks/months pay or net profit for a name without a return. We should all be so lucky !
You must buy with better scrutiny than your potential bidders if you are to succeed.
Since I was talking about JesusChristVR not being worth "a bunch", I can look up the sales history of all sales with just the key words jesuschrist and see that the highest dollar sale was just 2688.00 for jesuschristchurch or something like that (don't remember). Most sales with those keywords were in the $800 area.
Of course many sales are private and never disclosed to the public.
But why would adding VR to the keyword JesusChrist make it more valuable than the past sales of the keyword when other extensions especially .org are available not to mention VirtualChrist etc. The keywords are weak. Adding VR to it does not make that fact any better. There is no history for money behind the keywords. If those keywords were sex, insurance or credit, that would be different but VR is not fitting with those " except sex "as it makes no potential sense for use.
You should read the blogs of Industry pro's and watch the sales reports and ask plenty of questions even if they are only to yourself." Why?" is the best question when looking at resent sales. When you can constantly guess the value of domains at auction within 30%, you are a true DOMMY KING. But it does sharpen your skills just trying. It's very hard to do. You often need facts you can not get and some bidders may have.
Looking at the drop list can shed a light on things not to do. But that is normally of times past, but learning lessons are there. You will see them if you look.
I will say that in the area of VR, it is the VR MEDIA area that will bring the explosive growth. The VR hardware tech side is so limited by compare.
Well, I am sorry I picked on JesusChristVR so much today but it did make a perfect example. Hopefully I will not receive any bright ideas in the form of a lightning strike.
I hope I provided you a good starting point for a newbie. It is time and work. And if you think the big guys are doing it with anything less you are foolish.
I am reminded of some famous last words before a bankruptcy...
Sure we are loosing money, but we are making up for it in quantity !
Thanks for the kind words from all,
Take care and good luck to ya !
Or better, get smarter and need no luck !
