- Impact
- 11,501
Just want to share mistakes that Newbies normally make from my experience - Do not attack. Remember this one is for Newbies Only. If you are an experienced Domainer then ignore this thread and move on.
1. Spend too much time to post too many questions instead of spend the time to read or participate in a nonsense thread: "Is Your Wife Nice or Mean to You"?
2. Post in the $1 Auction and spend the time to bump. You will end up losing money or break even and wasting your time.
3. Buying Trade Mark names hoping that you will sell it back to the Trade Mark owner. You will just get yourself into troubles.
4. Copy cat other people in the "Request to Buy" section. There is no dictionary name for $5,000. You get what you paid for. Cheap names are not good and good names are not cheap. You will end up getting a ton of Crap Names from your PM
5. Pick a Niche for your names, Ex: Crypto, Geo, NFT, etc... This is a BIG mistake, why do you want to narrow down your market?
6. Pick a cheap Registrar to register the name. Why do you want to save $1 and lose the chance to sell to more buyers? Some buyers will not like STRANGE Registrars regardless how cheap is it. What you want to be concerned is reputation and Customer Service when you have problems.
7. List the names at all possible market places: Sedo, Afternic, Dan, etc....Make sure that you only have BIN (Buy It Now) at one place.
8. Keep track and organize all the names with information: Purchase date/from whom, Selling date/to whom, etc...Make sure to download the list from the Registrars and compare to your list to make sure they are accurate (Excel spreadsheet will do the job)
9. Put your name in the appraisal section: If someone gives a bad appraisal for your name then you will have a hard time to sell. NO ONE KNOW The Price of a Name.
10. There are a lot of cheap names that you can buy HERE. There is no need to buy from other auctions. Make sure you deal with the seller via PM so you don't have any competition when negotiate pricing.
1. Spend too much time to post too many questions instead of spend the time to read or participate in a nonsense thread: "Is Your Wife Nice or Mean to You"?
2. Post in the $1 Auction and spend the time to bump. You will end up losing money or break even and wasting your time.
3. Buying Trade Mark names hoping that you will sell it back to the Trade Mark owner. You will just get yourself into troubles.
4. Copy cat other people in the "Request to Buy" section. There is no dictionary name for $5,000. You get what you paid for. Cheap names are not good and good names are not cheap. You will end up getting a ton of Crap Names from your PM
5. Pick a Niche for your names, Ex: Crypto, Geo, NFT, etc... This is a BIG mistake, why do you want to narrow down your market?
6. Pick a cheap Registrar to register the name. Why do you want to save $1 and lose the chance to sell to more buyers? Some buyers will not like STRANGE Registrars regardless how cheap is it. What you want to be concerned is reputation and Customer Service when you have problems.
7. List the names at all possible market places: Sedo, Afternic, Dan, etc....Make sure that you only have BIN (Buy It Now) at one place.
8. Keep track and organize all the names with information: Purchase date/from whom, Selling date/to whom, etc...Make sure to download the list from the Registrars and compare to your list to make sure they are accurate (Excel spreadsheet will do the job)
9. Put your name in the appraisal section: If someone gives a bad appraisal for your name then you will have a hard time to sell. NO ONE KNOW The Price of a Name.
10. There are a lot of cheap names that you can buy HERE. There is no need to buy from other auctions. Make sure you deal with the seller via PM so you don't have any competition when negotiate pricing.