advice What is your advice to the newbie.

[jamaltq]

Hello guys.
According to your experience in domaining, what is your best advice to the newbie.
Thanks.

 

[RWD]

Honestly, here is my advice.

Unless, you have a big bankroll 20k plus, you cannot do this as a full time job starting out without plain luck. You need to go slow the first 3 to 6 months to study the market. Choose .coms only and really choose a niche inside the .com whether it be LLLL, Trending Tech or strictly two word brandables. Find your interest, Focus on one niche inside the .com realm. Learn, invest then flip or hold...rinse, repeat.

If you get stuck, read the namepros threads again and ask questions often.

 

[J.D.]

Learn before you spend. As Schwartz would say, "stay in the Black not in the red..."

 

[Brands.International]

Or spend before you learn, and then drop everything and cry This way, it is hard way, but many people can learn only by hard way..

 

[Sinh]

Go slowly and listen to other people's opinions!

 

[garptrader]

It is highly probable you will lose money in your first two years of domaining.

Learn how to develop websites because one is more likely to make money with website development (worst case is working for a firm which offers such services) than buying and trying to resell domain names.

 

[E-Promote]

what is your best advice to the newbie.

Don't wait for others to give you answers, seek them out through research.

 

[briguy]

Make a budget and stick to it (factor in renewal fees)

 

[ddfenton]

what are the best places to flip without having to pay auction fees? I0r do you need to?

 

[SBS66]

Make a budget and stick to it (factor in renewal fees)

I second that...PLUS: your budget should include not just regs/purchases/renewals but everything that you're spending money on related to domaining. Businesses know their bottom line, when you don't you have a hobby...no one needs advice on a hobby, you just buy because you liek to.

 

[Wesley S]

to become a vetbie lol

 

[daica85]

Learn from many experts in this forum then maybe you will find an answer

 

[mad409]

Never listen to me!

 

[Name Trader]

Do something else

Read NP until you are sick of reading NP and then read some more NP

Don't spend a penny or a dime, until you have convinced yourself you can make money doing this

Ask yourself how long you will give yourself trading domains in the Red before you give up

Have a backup plan. In case domaining doesn't work out for you

And one of my favourites. Dont borrow money you cannot afford to lose to play in this game

 

[Pierre Barnard]

what are the best places to flip without having to pay auction fees? I0r do you need to?

Would have to say right here on NP if you have a decent name. You might want to spend a few $ and alternatively list on Flippa. All really depends on the name. Other options include Sedo (free to list / paid to auction), CAX (free to list), Godaddy, Bido (free to list if enough votes received otherwise paid), Ramped.com (first 3 listings free), Ebay (some people still do), Undeveloped (free to list only) , etc.

For me, Flippa and Sedo has proven most viable.

 

[Nerevar]

One secret is to grow your portfolio with the right speed, to keep up with your increasing knowledge and experience: not too fast, not too slow.

 

[joro001]

Honestly, here is my advice.

Unless, you have a big bankroll 20k plus, you cannot do this as a full time job starting out without plain luck. You need to go slow the first 3 to 6 months to study the market. Choose .coms only and really choose a niche inside the .com whether it be LLLL, Trending Tech or strictly two word brandables. Find your interest, Focus on one niche inside the .com realm. Learn, invest then flip or hold...rinse, repeat.

If you get stuck, read the namepros threads again and ask questions often.

Bang on. The only thing I would add is you preferably could do with a $100k budget to really make a good go of it with the competition now seen on the aftermarkets which is unlike anything we've seen before. It is a very expensive business to compete in right now and with China and India continuing to pile in I only see that increasing.

 

[DanBingham]

Don't rush into regging domains names that YOU think are worth something. Always research, and ALWAYS ask yourself who the end user(s) would be. I have made some mistakes along the way for sure, regging domains that I ended up being stuck with, or sold for pennies, but luckily 2016 turned out to be a very good year. Always have a focus too, and be sensible.

NP is packed full of info that any newbie or even experienced domainer can learn from, so take the time to read up.

 

[168]

Watch all of the most active auction sites
Write down what you think are the top ten and final sales price
keep doing this till you get 8 out of 10 within 20% of price
Buy a few. put them on the market(s) w/buy now price
Query Co's that would benefit from your picks
Watch the markets more.
Study Namebio stats/reports from 2012 forward
Read UDRP decisions, Trademark quides
Get to know ICANN, Registrars
Go to NamesCon Conference
Watch the markets more.
Don't buy more till you sell the first ones
Give yourself 2+ years
Cheers

 

[domeen]

1) buy only . Com
2) buy expired domains from auctions
3) buy one better one rather few low quality
4) don't sell to cheapskates in this forum, wait to end users
5) park domains in sedo etcc.. always price your domains. But buy now price