advice What am I doing wrong

[Mr De]

Am a month into domain industry with 20 domain in my portfolio but I noticed most of my domain get view daily at undeveloped but no sale or offer yet.

What could be reasons for no sale or offer?

Is my price too high ?

I'll appreciate any information that could lead to sale .
Thanks

 

[TRY]

Thanks for enlightenment.

You're welcome. Hope it helps.

 

[Mr De]

You're welcome. Hope it helps.

Yes it's. ....just to focus on areas you mention .....
Any values in those name aside iowacourier?

 

[TRY]

Yes it's. ....just to focus on areas you mention .....
Any values in those name aside iowacourier?

I think you may have a difficult time selling most of them in my opinion. To better your odds the names should have a benefit to the end user. If you can't think of one then it's a Gamble. Sometimes you win but mostly you lose.

 

[Bob Hawkes]

Lots of good advice already offered that I won't repeat other than to emphasize the point that identifying potential purchasers who would benefit from acquiring your name, and getting them aware of it, are key points. Also keep in mind that different types of domains sell best at different venues so try multiple ones but with BIN if you have it only at one.

A solid .com portfolio has on average about 1 sale per about 100 names per year. Let's say 1 in 200 since you are new and building contacts, learning ropes, etc. This means that there would be 1 chance in 120 that you would have an offer on one of your 20 names in the first month.

I really hope you have a sale soon (and obviously some beat odds), but statistics suggests patience needed.

Bob

 

[Domaining Ocean]

90% domains are not sold in industry,
But 10% will gives you other ones cost as well as good ROI

 

[Domains - Wanted]

90% domains are not sold in industry...

More like 99% are not sold!

And here's a newcomer but with 20 domains to his name, asking how come none of his names found buyers in his first month of... waiting for buyers to beat a path to his doorstep!

People at large have very romantic ideas about domaining, haven't they?

 

[Mr De]

Lots of good advice already offered that I won't repeat other than to emphasize the point that identifying potential purchasers who would benefit from acquiring your name, and getting them aware of it, are key points. Also keep in mind that different types of domains sell best at different venues so try multiple ones but with BIN if you have it only at one.

A solid .com portfolio has on average about 1 sale per about 100 names per year. Let's say 1 in 200 since you are new and building contacts, learning ropes, etc. This means that there would be 1 chance in 120 that you would have an offer on one of your 20 names in the first month.

I really hope you have a sale soon (and obviously some beat odds), but statistics suggests patience needed.

Bob

Thanks@MetBob yes I'll take note of that .....

 

[Mr De]

More like 99% are not sold!

And here's a newcomer but with 20 domains to his name, asking how come none of his names found buyers in his first month of... waiting for buyers to beat a path to his doorstep!

People at large have very romantic ideas about domaining, haven't they?

Honestly I was curious to know if am doing things right or wrong. It better to checkmate yourself at every stage at new adventure. Thanks for lot of inspiration from you and all members that has contribute to this thread. Just want to be careful the way I acquiring my portfolio so as to have an healthy one .

 

[Bob Hawkes]

Just want to be careful the way I acquiring my portfolio so as to have an healthy one .

Congratulations on having the maturity to focus on questions of quality, opinions from others, and to evaluate your portfolio regularly. Too many of us rushed into too many domains too fast.

 

[Criterion811]

well, if the industry average percent to sell a name is 2% per year. and you have 20 names - statistically it would take about 2 and half years to sell a name.

That's only assuming you have really good names - crap names will never sell

True, and it's often a nonsensical market. I have been domaining about one year. I have some names I think are great which haven't sold, and I have sold names this year which I regretted buying and was 100% sure would never sell.

It just takes patience.

 

[poweredbyme]

Thanks for response. .... what are the minimum domain require for newbie? Any other strategy to employ for increase sales %?

If you sell 1% of your domains in 1 year, you need 100 domains to sell 1 domain in 1 year.
Price affects profitability, sales volume and the minimum number of domains.
Good domain + low price combination will be the winner with little or no marketing effort.
If you are perfect at marketing then you don't need anything as it's a talent like gold mine, you wouldn't even need to own any domain as you would sell domains of other people for commission. As you see, the first thing which should be defined is what you want to be, marketer, domainer, domain investor, reseller, etc. Then it would be easier to specialize in one of them.

 

[Mr De]

True, and it's often a nonsensical market. I have been domaining about one year. I have some names I think are great which haven't sold, and I have sold names this year which I regretted buying and was 100% sure would never sell.

It just takes patience.

I means I need to be more patience, do you recommend listing on actions marketplaces? Or which other marketplaces I should list my domains?

 

[Mr De]

If you sell 1% of your domains in 1 year, you need 100 domains to sell 1 domain in 1 year.
Price affects profitability, sales volume and the minimum number of domains.
Good domain + low price combination will be the winner with little or no marketing effort.
If you are perfect at marketing then you don't need anything as it's a talent like gold mine, you wouldn't even need to own any domain as you would sell domains of other people for commission. As you see, the first thing which should be defined is what you want to be, marketer, domainer, domain investor, reseller, etc. Then it would be easier to specialize in one of them.

Thanks so much@ poweredbyme, sincerely you've said most thing and my concern. Owing too much of domain without good sales will result in loss at end of year because of renewal fee with time and effort put to it. I know it important to increase my portfolio for chance of sale but am trying to be careful the kind of name is purchase, am still find it difficult to know either I should focus more on geo+keyword domain or go with generic name.

Yes I want to be domainer, investor and reseller but still need depth knowledge of the industry before decide which part will best work for me, with your experience in the industry what kind of name should I focus on or which work best for you? Any advice will be appreciated.

 

[poweredbyme]

Think about how you will sell a domain before acquiring it. Read which type of domains were recently sold. Namebio is the most popular place for this, also you can follow https://www.namepros.com/threads/report-completed-domain-name-sales-here.83628/ However as always, everything has 2 sides like coins, visible side and invisible side. Be skeptic especially on public data. I mean unsold domains are never reported. All we can find reported sales and those are just a piece of total sales, not the whole.

You will create your own knowledge by trial and errors. Try all types of domains and then you will know what to focus on. Anything can work well if you do it right. Success usually is not hidden in what to do, is rather in how you do. Focus on only the things you do right or better. If you are good at hand registering focus on it (your verbal skills maybe outstanding), whatever you do better focus on it. Know your own talents first and then search for the areas that your talents can bring you the most competitive advantage against to the other players of the same game. Every person has unique talents and background. You may be good at math, if so, register/buy more math related domains. You may focus on geo domains about the locations you actually know or lived in, or industries you worked in before, or areas you studied, or about your family business if your parents are/were business owners. Technically you can register/buy in any type of domains. But if you choose the domains related to the areas you know, you can have better ideas on what to do with those domains, how to sell them and for which price. Never buy or register randomly just to raise the number of domains you own or just to spend your budget faster. Buy slowly to sell quickly. If you sell 10% of your domains each year, you will need only 10 domains to sell 1 domain in 1 year. Think before buying/registering not after. Remember anything can work well if you do it right. Stop looking for the best thing to do, look for the best ways to do something that is done by others. Focus on the things that you say/believe you will do better than others. I hope I could help.

 

[wizard]

Am a month into domain industry with 20 domain in my portfolio but I noticed most of my domain get view daily at undeveloped but no sale or offer yet.

What could be reasons for no sale or offer?

Is my price too high ?

I'll appreciate any information that could lead to sale .
Thanks

All depends on the domains you hold having 20 domains doesnt mean you will just get offers thats a very small amount but best of luck

 

[Heyzee]

Success usually is not hidden in what to do, is rather in how you do.

You got me with this quote. You sound almost like a motivational speaker but, you gave a golden nugget. Thanks @poweredbyme

 

[Mr De]

All depends on the domains you hold having 20 domains doesnt mean you will just get offers thats a very small amount but best of luck

Thanks

 

[Mr De]

Think about how you will sell a domain before acquiring it. Read which type of domains were recently sold. Namebio is the most popular place for this, also you can follow https://www.namepros.com/threads/report-completed-domain-name-sales-here.83628/ However as always, everything has 2 sides like coins, visible side and invisible side. Be skeptic especially on public data. I mean unsold domains are never reported. All we can find reported sales and those are just a piece of total sales, not the whole.

You will create your own knowledge by trial and errors. Try all types of domains and then you will know what to focus on. Anything can work well if you do it right. Success usually is not hidden in what to do, is rather in how you do. Focus on only the things you do right or better. If you are good at hand registering focus on it (your verbal skills maybe outstanding), whatever you do better focus on it. Know your own talents first and then search for the areas that your talents can bring you the most competitive advantage against to the other players of the same game. Every person has unique talents and background. You may be good at math, if so, register/buy more math related domains. You may focus on geo domains about the locations you actually know or lived in, or industries you worked in before, or areas you studied, or about your family business if your parents are/were business owners. Technically you can register/buy in any type of domains. But if you choose the domains related to the areas you know, you can have better ideas on what to do with those domains, how to sell them and for which price. Never buy or register randomly just to raise the number of domains you own or just to spend your budget faster. Buy slowly to sell quickly. If you sell 10% of your domains each year, you will need only 10 domains to sell 1 domain in 1 year. Think before buying/registering not after. Remember anything can work well if you do it right. Stop looking for the best thing to do, look for the best ways to do something that is done by others. Focus on the things that you say/believe you will do better than others. I hope I could help.

Thanks for the advice...... it's really helpful

 

[cyborg1960]

you to much spent for domains

 

[likeslikes]

I know it's been said already by others, but patience is key. I suggest playing the long game and focusing on owning a small number of very high quality domain names if possible where the renewals don't really factor in much bc if you sell one it easily pays for years of renewals and nets big profit. It's kind of like the set it and forget it type thinking. However, there are lots of different ways to make money in this industry and this is just one of them.