What to do with a useless domain?? Lol

[SiddFisher]

I got my domain appraised over here and all the responses were negative so I don't think I'm gonna be able to resell it for even 10$.(if you think so, please tell me how.) the domain in question is twitypedia.com. sounded nice to me, so I bought it.
So my question is, what to I do with it, now that all of you guys say that its useless. I'm not gonna develop it, that's for sure, because I don't have anything to say about twitter.
Can't I somehow sell it in an auction to tat least get back my 8$??


one more question: Will any domain with 3-4 letters and a .com or .net extension sell for more than 100$?

 

[Greg]

I don't always agree with the Appraisals that you get in NamePros but this time I do. Contact your register and see if they will do a grace delete and refund your money since you just registered it yesterday

 

[JamesDavid]

agreed, try to get your money back..

Also I noticed you are new here to NamePros, and if you are new to the Domain Market i have two suggestions for you before you start buying domains:

Read and Research - Jumping in and regging domains without knowledge is the easiest way to toss $8 at a time out the window.... NamePros is a great place to learn and you will also find alot of great people here who will help...

BUY AFTERMARKET!! - With the exception of New Technology, regging a domain for resale isn't going to happen often. With the economic downturn we are experiencing QUALITY names can be had for GREAT prices... Places like TDNAM.com, Bido.com, and more have names that are aged (5+ years), LLLL.com, and generic terms that are going cheap. One thing to remember about domaining is quanity IS NOT THE GOAL, quality is...... for example instead of hand regging 20 names at say $9/piece per year, this will cost you over $500 in three years..... instead take that $500 and buy one/two good names right now and only have $18/year in renewals rather than $180/year....

Good Luck

 

[mosilager]

On the contrary, I disagree, you could build something around twitter seeing that your domain does sound a little similar as twitter, as for what type of site, I have no clue!. I have seen plenty of websites that have been built who's domain name has absolutely no resemblance to the content of it's site, but those sites probably have to do a lot of SEO to make it successful!.

 

[ninepro]

I actually quite like the domain too, is it worth anything?

NO as it is, But it is IMHO potentially "Brandable".

If you can't get a refund, then why not have a go at developing it, a nice twitter directory for all things twitter. There's a guy on here who's doing some fantastic web 2.0 logos for 8 bucks...

I remember when I started this business I bought a ton of names that I thought sounded good, they did in fact however their intrinsic value was 0. I dropped 99 percent of them because I didn't have time to put in the work to brand them.

James David hit it spot on, it’s quality not quantity there's some gems on TDNAM etc at the moment.

Good Luck...

Jason...

 

[lothos]

There's a guy on here who's doing some fantastic web 2.0 logos for 8 bucks...

Got a link?

 

[ninepro]

Got a link?

http://www.namepros.com/developers-for-hire/602941-eye-catching-web-2-0-logo.html#post3574158

:wave:

 

[barefoottech]

no such thing as a TOTALLY useless name
If can't sell, refund or give it away
Then Develop as a small minisite or WordPress Blog.
place some Freely available Articles, Adsense ads and affiliate links on it.
May not make you rich , but will return your investment within the year.
After a couple months you can expect google to have indexed the site and then you can try to sell some paid links on the site.

Does this work you ask?
Yes I have 200+ sites doing exactly that at present.
examples in my signature

 

[RTM]

BUY AFTERMARKET!! - With the exception of New Technology, regging a domain for resale isn't going to happen often. With the economic downturn we are experiencing QUALITY names can be had for GREAT prices... Places like TDNAM.com, Bido.com, and more have names that are aged (5+ years), LLLL.com, and generic terms that are going cheap. One thing to remember about domaining is quanity IS NOT THE GOAL, quality is...... for example instead of hand regging 20 names at say $9/piece per year, this will cost you over $500 in three years..... instead take that $500 and buy one/two good names right now and only have $18/year in renewals rather than $180/year....

Good Luck

Great advice (rep added)... but I think there is still room for hand reg's - although it does require a bit of experience, a sharp eye, and knowledge of product niches. We've had success in acquiring names both in the aftermarket, but have also succeeded incubating hand registered domains into profitable, sustainable ventures.

As mentioned though - look before you leap. Follow the domaining forums (this one and others) as well as the blogs covering the industry and don't forget Twitter for real time domaining news.

Also, if you have certain niche knowledge (a secondary language, a geo region, a certain culture) ; gain from your particular talent! Find names that are undeveloped and have upside potential.

We firmly believe in the long tail approach to domaining - keep in mind that there are very few users , worldwide, who have access to the Internet on a regular basis.... the best is yet to come.

Cheers,
Rob

 

[SiddFisher]

Thanks for the advice guys!!
I think I should have read the forum properly before buying the domain. I thought I had a good name, so I bought it. I'll try to get a grace delete, as you guys said, but if I can't, then I'll probably develop the domain, try to get some traffic to it..........(forgive me for being so optimistic) and try to make a brandname!!

The next domain I buy, I swear its gonna be good!

 

[Domainace]

May I step in?

Developing any old crap domain may get your reg fee back, but is it worth the time invested? Unless development shows significant earnings (or at least minimum hourly wage), I don't see the point of earning my reg fee back at the cost of my time. To me, that's like doubling down on a bad hand. I'm thinking the mini-site king can build a site, stock it with content, and throw up some affiliate ads in minutes. That makes a difference. However, if you're like me, even the ugliest little site will take an hour. As in $7 an hour.

And Sidd, so far as buying a $500 name.... If you can't even buy a decent $7 reg, I'd tell you to keep your wallet in your pocket when looking at the $500 names. Yes, in theory, one name is better than 50 names. In practice, though, you need to learn much more before your can choose that one name. With 50, you might get lucky on a couple. With one, if you miss, it's game over for you.

I agree with RTM that there are good regs out there. One reg can flip for 20-30 times your investment quite easily, while you might be pressed to double an investment on one $500 name.

What to do? Take your mistakes, print them out, and hang them near your desk to remind you to be cautious. We all get tempted by completely stupid names, just because they appeal to us on an emotional level. It's sometimes hard to maintain focus, which is the only way to make money in this game. Trying to save face or a few bucks by dressing up your mistakes is what I call losing focus. Eat your loss, and remember to stay on target.

If you are unsure what to buy, you could always go over freshly dropped domains. Most of them stink, but there are some winners. And you know that at least one other person in the world thought the name was good enough to register.

Set a budget, keep your expenses low, and try to sell names to pay for the new ones you buy. It's too easy to get way ahead of yourself buying before you know what to buy. There is a learning curve, so just assume most of the names you at the beginning like are crap.

It's like a poker game. I can't tell you just to sit and watch, but don't bet. So buy some names, but really control your funds until you see you're starting to come out ahead.

 

[Zilla]

bad name just bad name, forget them and have ur lesson learn..

 

[Greg]

May I step in?

Developing any old crap domain may get your reg fee back, but is it worth the time invested? Unless development shows significant earnings (or at least minimum hourly wage), I don't see the point of earning my reg fee back at the cost of my time. To me, that's like doubling down on a bad hand. I'm thinking the mini-site king can build a site, stock it with content, and throw up some affiliate ads in minutes. That makes a difference. However, if you're like me, even the ugliest little site will take an hour. As in $7 an hour.

And Sidd, so far as buying a $500 name.... If you can't even buy a decent $7 reg, I'd tell you to keep your wallet in your pocket when looking at the $500 names. Yes, in theory, one name is better than 50 names. In practice, though, you need to learn much more before your can choose that one name. With 50, you might get lucky on a couple. With one, if you miss, it's game over for you.

I agree with RTM that there are good regs out there. One reg can flip for 20-30 times your investment quite easily, while you might be pressed to double an investment on one $500 name.

What to do? Take your mistakes, print them out, and hang them near your desk to remind you to be cautious. We all get tempted by completely stupid names, just because they appeal to us on an emotional level. It's sometimes hard to maintain focus, which is the only way to make money in this game. Trying to save face or a few bucks by dressing up your mistakes is what I call losing focus. Eat your loss, and remember to stay on target.

If you are unsure what to buy, you could always go over freshly dropped domains. Most of them stink, but there are some winners. And you know that at least one other person in the world thought the name was good enough to register.

Set a budget, keep your expenses low, and try to sell names to pay for the new ones you buy. It's too easy to get way ahead of yourself buying before you know what to buy. There is a learning curve, so just assume most of the names you at the beginning like are crap.

It's like a poker game. I can't tell you just to sit and watch, but don't bet. So buy some names, but really control your funds until you see you're starting to come out ahead.

Excellent advice. We are all going to make mistakes, learn from them and move on.

 

[lothos]

http://www.namepros.com/developers-for-hire/602941-eye-catching-web-2-0-logo.html#post3574158

:wave:

Thanks, I appreciate it

 

[oldman35]

yes. me 2 i learn lesson . got name 54loan (.com) don't know what's to do....sound good to me but really stupid, time to said bye. let it's drop.....

 

[mustangsuze]

My .02 is that it's best to have a quality list of domains rather than quantity. But that works for me with a limited budget. It's hard enough keeping up with renewals on the list that I have. I have let some go over the years and learned from my mistakes. It seems that if you stick with what you know, you will always do best. Whenever I tried domaining in a subject I did not know very well, I didn't pick very good names!

 

[joeljonathan]

My .02 is that it's best to have a quality list of domains rather than quantity.

Agreed, unless you have the resources and the desire to massively deploy mini sites on semi valuable keyword domains or the resources to sit on them and pay the renewals until the right offer comes along then no reason really for most to go too crazy buying a ton of domains.