Hey guys, I am a newbie in the business and I was wondering what everyone's way of buying and selling domains is. Are you the researcher type or more of a gut feeling type? or are there other ways you go about doing this business?
Thank you for the through explanation. One question. Do you think the godaddy auction is a good market place to buy domains cheap? if not what websites should i use to buy domains dirt cheap and turn them in to profits.I am the "all over the place" kind of domainer.
I started off registering a bunch of crap, got rid of most of that and started focussing more on end users.
I focus on 2 things:
- .nl or NL keyword .com/.be/.eu (I am from the netherlands and there is a weekly domain auction at an auction house which gives me some seed money now and then
- .com Geo domains (ie roofersdublin.com)
However, with the netfirms and dotster sales I regged a bunch of brandables, submitted to BrandBucket and I have a lot of fun with those (also with selling the rejects at bargain prices)
Today I couldn't resist picking up a few .xyz's for $ 0.01 a piece
Tomorrow I can enter an auction for a domain I like, with hardly any research.
I can tell you this method is not the best money-making method, but I do this part-time, I covered my cost and I have a lot of fun and from time to time a nice sale.
I have learnt to be careful with spending more than reg fee/closeouts. You can easily lose $100 on bad judgement of 1 domain name.