What would be instructions for dummies like me

[SimpleDomaining]

If i want to buy and sell some domains what is the right tactic?
1 to fix some high price and wait in hope to find another dummie to buy it sometime from me by that price?
2 to fix some price a little bit higher than reg fee, take it instantly and buy another one
2 to write "Make an offer" and wait for the highest offer (for how long?)
3 to write "Make an offer" and to give it immediatelly to the first offer giver?

How do you do this?

 

[Gene]

If i want to buy and sell some domains what is the right tactic?
1 to fix some high price and wait in hope to find another dummie to buy it sometime from me by that price?
2 to fix some price a little bit higher than reg fee, take it instantly and buy another one
2 to write "Make an offer" and wait for the highest offer (for how long?)
3 to write "Make an offer" and to give it immediatelly to the first offer giver?

How do you do this?

The answers to all of these questions change according to your experience level and your cash flow situation. If you don't mind sitting on the domain for years, then go ahead and price it high -- you can always come down. If you need quick turn-around for cash flow, price it low. If you're doing this for the long term investment, don't put a rigid price on your prime domains. If your domains are exceptionally good, somebody will eventually look you up and make an offer. Then it boils down to your negotiation skills. A $1,000 domain can turn into a $10,000 domain if the right company comes around and wants it badly enough.

If you're in it just to make some pizza money, flip them fast and you can have fun. Reinvest some of the profit into more names and keep the cycle moving quickly.

The more experience you have, the more you'll be able to make good judgements on what to hold onto and what to flip.

 

[aLeeOnline]

If i want to buy and sell some domains what is the right tactic?
1 to fix some high price and wait in hope to find another dummie to buy it sometime from me by that price?
2 to fix some price a little bit higher than reg fee, take it instantly and buy another one
2 to write "Make an offer" and wait for the highest offer (for how long?)
3 to write "Make an offer" and to give it immediatelly to the first offer giver?

How do you do this?

The answers to all of these questions change accoring to your experience level and your cash flow situation. If you don't mind sitting on the domain for years, then go ahead and price it high -- you can always come down. If you need quick turn-around for cash flow, price it low. If you're doing this for the long term investment, don't put a rigid price on your prime domains. If your domains are exceptionally good, somebody will eventually look you up and make an offer. Then it boils down to your negotiation skills. A $1,000 domain can turn into a $10,000 domain if the right company comes around and wants it badly enough.

If you're in it just to make some pizza money, flip them fast and you can have fun. Reinvest some of the profit into more names and keep the cycle moving quickly.

The more experience you have, the more you'll be able to make good judgements on what to hold onto and what to flip.

simply AMAZING reply .... great work ! it helped me a lot ....thanks once again ... looking forward for some more experience from your posts ....

 

[Venolus]

Great reply..rep updated

 

[worldstar]

Try to find the best domain that is need to invest and then plan the business in the long run!

 

[Gene]

I also wanted to mention: In my experience, if you list your domains with a "Make an offer" instead of an asking price, you'll get very few offers. And those you do get are usually time-wasters. Putting a solid price on your domains will get you more serious offers in the range you're looking for. BUT -- I'm talking about your run-of-the-mill domains here... NOT your exceptional names. Your exceptional names should be listed for the sake of exposure, but do NOT put a price tag on them. These are the names you want big companies to 'discover' and contact you with an offer. Then the negotiation game begins, and if you're dealing with a hungry buyer, you can do much better than if you had put a price tag on it to begin with. Once you have a price on a domain, you'll never get more than that price. But if you wait for a hungry buyer to find your prime names, you have the opportunity to get the maximum money while fine-tuning your negotiation skills.

 

[Michelle]

I have make an offer on all mine simply because I am hoping they will be of some high value at a later date and dont want to sell them too cheap :hehe: