NameSilo

Word of Advice Thread

Located in Domain Beginners, started by peaches017, Sep 27, 2007

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  1. peaches017

    peaches017 Established Member ★★★★★★★★★★

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    Please share the best tip you feel comfortable sharing.

    • Start small
    • Most of the time, freshly registered names aren't worth much
    • Sell to end users, not domainers


    Hopefully we can get a nice little list. If you want to expand on an idea you made, please do so out of your initial list; this will keep the thread looking clean as well as providing helpful info.

    Peter
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. NameClerk.com

    NameClerk.com Bill E. VIP Gold Account ★★★★★★★★★★

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    The enthusiasm many newbies feel leads them to register many below average names before they really have a good idea of what they're doing. Limit your registrations or hold back altogether until you've learned the attributes that make a domain valuable. Channel your enthusiasm into learning, not spending. They'll be plenty of time for spending later.

    Bill
     
  3. Coastalguy

    Coastalguy Top Member VIP ★★★★★★★★★★

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    Start reading NamePros threads/posts.

    ST
     
  4. Jammer

    Jammer VIP Member VIP ★★★★★★★★★★

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    Don't expect to register a name one day and sell it the next.It's not that easy and it takes time....sometimes months or years to sell a name.
    Start with what you know or are interested in.At least if you can't sell it,you can always develop it.
     
  5. Coastalguy

    Coastalguy Top Member VIP ★★★★★★★★★★

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    Oh yeah...almost forgot:

    Keep your day job! :lol:

    (sorry, my bad...should have included this in my original post).

    ST
     
  6. firefly

    firefly Top Contributor VIP ★★★★★★★★★★

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    don't be afraid to ask a silly question.It's better than making a silly mistake :imho:
     
  7. Mike

    Mike VIP Member VIP ★★★★★★★★★★

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    As a new domainer,

    .5, Patience. It's a virtue, but also the key to surviving the domain game.

    1, read the NamePros legal section FIRST! it's too easy to fall to the temptation of registering a name that actually is trademarked by someone else.

    2, Either have a broad understanding of internet/domain dynamics or pick your niche(s) that you're well versed in. Why? Because in your area of expertise, you will know future developments, trends and product launches. This level of knowledge can give you a comfortable head start.

    3, End User is KING!

    4, Unfortunately, this industry is HIGHLY competitive. While NP has a great community, at the end of the day, everyone is striving to protect their interest, so don't expect anyone to share knowledge just because your name/NP ID is cute. (To this day i'm trying to figure out how some people are doing it: Spade, NameTrader, Yofie - just to name 3 that came to mind first...)

    4.5, If you have "deeper" pockets, familiarize yourself with the Domain Auction Houses, such as Snapnames, TDNAM, Sedo, etc. and be on the lookout for drops - which is a science in itself....

    5, PPC or Development. Never let your domains sit there and generate money for the likes of GoDaddy, etc. Once you own the domain, IMMEDIATELY park it until you get to develop it. While development should ALWAYS be the goal, there are some domains that are better being parked.

    6, If you don't have these skills already, GET THEM! ASAP!! Which skills? Oh yeah, development (the evil word) ! It's vital, it's essential, it's your golden egg in the basket that you don't own just yet. Basic HTML, .php, JavaScript. Then there's the graphic aspect. Photoshop (Fireworks), Flash, etc. You don't have to be an expert, but you should be knowledegable to a certain extent, it's going to make your life easier.

    6.5; You do have options then: Own domains for PPC. Develop domains for the long term. Buy undervalued sites and spruce them up for flipping. No one said that Flipping is restricted to Real Estate.

    7, The most convenient solution for domainers: Domain Tasting. There's quite some controversy about this topic, I for one absolutely am in 100% favor of this practice. Make use of it with every domain you register. Some registrars are charging a small fee for tasting, which in the end will still save you tons of money. Register > Park: you realize that the domain you registered is insufficient in self support through parking > cancel the domain.

    8, Network. Network and while you're at it, Network some more. It's all about who you know, how well established you are, your reputation, honesty, ethics, etc.

    9, Read first, then ask. While new domainers are quickly forgiven when they ask redundant questions or questions that have been answered a billion times, nothing is more questionable than seeing the same question 10 times when the answer is sitting in the thread that's just one click away. If you read the threads and the answer is still not clear -> Ask as much as you can. Contradictory? Not really. Just Read > Then ask ;)

    and the final #10, Be Persistent. Domaining as opposed to Stock Trading is not a business of dynamic. It's asking for a steady hand with sometimes long term vision.

    That's my 10cents of domainer's knowledge. I should adhere to most of these points myself. But as always, it's easier to preach than to actually do.

    IB
     
    Last edited: Oct 2, 2007
  8. liquidcherry

    liquidcherry Top Contributor VIP ★★★★★★★★★★

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    Wow Intel,

    Great post!!

    Cheers,

    Frank
     
  9. shockie

    shockie Top Member VIP ★★★★★★★★★★

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    right on.

    if a friend or news article somehow gave you the impression that this is quick and easy - it's not. don't buy hundreds of domains in your first month because i can guarantee that you'll regret it and become frustrated.

    even if your main thing is domaining, try to learn the basics of everything, from hosting to html, and search engines to social networking.
     
  10. hugegrowth

    hugegrowth DomainMedia.ca VIP ★★★★★★★★★★

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    Start your own blog on a subject of interest to you and other people (using a free blog site like blogger.com), and reg a cool domain to point to it. Visit other blogs to see how they monetize them. Try to post something every day or every few days.

    Register domains for words and word combos that people are already searching for. Use keyworddiscovery.com or wordtracker.com free versions to check word/term popularity, and google searches with " " on the term.

    Don't go crazy regging, remember in a year's time you'll have to pay to renew the domain, so keep a budget in mind.

    Check dnjournal.com for weekly sales report to see what domains people are buying, and how much they are paying.
     
  11. Domain Name Newbie

    Domain Name Newbie Established Member ★★★★★★★★★★

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    This is a great tip! I'd never thought of that. I registered a domain name and started my own blog on it but since I can't really afford a proper web hosting, I used the registrar's free web hosting instead. The thing is I find their advertisement on my site kinda annoying and I have to develop it from scratch. This will elimenate both problem. Thanks! :)
     
  12. Dustie

    Dustie Established Member ★★★★★★★★★★

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    I would love to see this thread in the Sale Category, maybe entitled BEFORE YOU TRY SELLING DOMAINS IF YOUR A NEWBIE!

    I went strait to the sell section, because there were so many categories and I was interesting in selling. It's been a week and I've just now stumbled on this thread..which is fantastic! Way to go Intel...you've helped me a LOT as did follow up posts! THANKS!
     
  13. NPKJB

    NPKJB Account Closed

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    Without question, this is the best advice to live by if your a newbie. I sure wish I would have read this thread before I registered 50 domain names in the first week! I would have saved myself a pretty penny.

    I've now learned to calm down and think rationally. DO YOUR RESEARCH! Don't just buy a name because you think it sounds cool. Cool sounding names don't guarrantee success in this business. Also, try to register names that have a high CPC rate. I get some traffic on a few of my domain names but only cash in on .5 per click. Believe me, that's not good!!

    I wish everyone the best of luck. After my rough start, I sure could use some of that luck myself. :hehe:
     
  14. mwzd

    mwzd Top Contributor VIP ★★★★★★★★★★

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    Buy Generics. Search results per day is an excellent metric to qualify what is a generic.

    Sell excess inventory immediately at cost+ when not monetize-able. Longer reg periods left get higher value from resellers than expiring soon domains. Not every domain is end user material and even if it is, maybe you can't reach that user...so sell for whatever profit you can make, its a lot better than taking a loss on it eventually.

    Always have a cash flow surplus as you grow your inventory and NEVER EVER consolidate renewals, getting your entire portfolio to renew at one time can potentially put you out of business.
     
  15. DNQuest.com

    DNQuest.com Established Member ★★★★★★★★★★

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    Read my sig.....


    If this is the first time you have seen this little phrase, then you have not done enough reading. If you have seen it at lesat 10 times, then you are on the right track. As emphasized, read and learn. Not just about TMs, but domaining in general. Many different subjects are covered from legals, to PPC, to auctions to developing to much much more.

    DO NOT have a knee jerk reaction if you receive a C&D. Be logical and think the situation out. If they have a case, be careful on how you proceed.

    Another tip, do not take domaining or NP personally. You will be called a cybersquatter, a lowlife, a leach on society from outsiders. You will be taken to task on this board if we feel you crossed a line. Speaking for myself, I will be blunt at times. It is not to be mean spirited, but it is to drive home a point. If someone posts and it shows bad faith, I will call you a cybersquatter. If you don't like it, learn why I did. We usually list why we feel that way.

    Be receptive to other's opinions. Sometimes it can get heated around here, but we all have the same goal, to raise the reputation of the domaining community.

    Read UDRPs. If someone links a decision, read that decision and learn the process and see how conclusions are made. These are the end line (usually) for domain disputes. This is where we get most of out opinions.

    HAVE FUN!!!! This is an aspect of domaining that is sometimes missed. I love the business and had a great time buying and selling. Stay with what you know.
     
  16. FUN4MEE

    FUN4MEE New Member ★★★★★★★★★★

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    Saving Domains?????

    Hello Everyone,
    I was surfing the web and came across this site. I am new to this and wanted to ask which site you would suggest I look at for typos and where should I save them? I have used the typo feature on DomainTools.com and it seems to work very well.
    If I save the domain on that site do you know if there is any additional charge to put a landing page up? Where would you guys and gals save the names for the best value. I am going to save several hundred names and I want to make sure I do it at the right site.

    Thank you for any help you can provide.

    Dave
     
  17. mwzd

    mwzd Top Contributor VIP ★★★★★★★★★★

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    FUN4MEE, read the sig above your post a couple of times.

    Then follow the instructions for a couple of months.

    THEN you are ready to start buying names.

     
    Last edited: Oct 9, 2007
  18. DADomains

    DADomains Established Member ★★★★★★★★★★

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    I have to say, I am a little confused by the mixed attitudes towards TMs and typos. I have read in the parking threads from people who claim to be making lots of money from TM and typos, and other people responding with kudos towards this income. But elsewhere people are telling newbies, in no uncertain terms, to steer clear of them.

    What's a newbies, like me, to do then? I am sure most people are in this for the money, and if there is money in TM's and typos....? :-/
     
  19. tpruby

    tpruby Established Member ★★★★★★★★★★

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    1) If you believe that you have found the opportunity to hand reg a gem of a .com, ask yourself why no one else has thought of this name, or why was the name allowed to expire and pass by all the people who instantly pick up the drops. Odds are the name isn't near as good as you believe.

    2) Perform advanced google searches where your term is only to appear in the url.

    3) Perform advanced google searches where your term is only to appear in the url and then if you notice a single web site appears often, perform the same search excluding that individual site. Use overture often to see how many people search for that term.

    I have seen a term go from 66000 returns on google, then to only 8 returns where the term is found only in the url and then down to only 5 returns when you omit the repeating web site from the url search.

    Once you do that, you will see why the term has never been registered by anyone.

    4) Understand that there are millions of 5 letter domains and many of them sound just as cool as yours.

    5) IMHO, you will not get rich quick...rather you will lose money quick if you do not look at domaining as a long term investment.

    6) If you are new, avoid brandable names unless you are selling to end users or you are developing names. You will be astounded that no one wants to buy your amazing two word name for even $12, let alone for $7.

    7) Understand that domaining is a massive industry, with the best names generally going to the biggest players, with computer programs that have an edge in picking up dropped names for big domaining companies.

    8) Understand that all of the good generic dot coms are gone....they have been gone for years.

    9) Understand that even having a fantastic generic namen in a different tld is no guarantee of success. Seach the term 'anime' on google, wow, 167 million returns. NOW:

    Head over to sedo, and take a look at how many unsold domains with the sole name ' anime' are for sale....18.... of them... there are no instant riches in domaining.... even with a golden generic name.

    10) Ask yourself very seriously if in the long term you will be able to make more money investing in a mutual fund or simply putting your money in a high interest savings account.....do not spend what you can't afford to lose.
     
  20. onthis

    onthis Established Member ★★★★★★★★★★

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    tpruby, then why bother according to u all the opportunity is gone?
     
  21. tpruby

    tpruby Established Member ★★★★★★★★★★

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    The opportunity for hand regging an undeveloped dot com and expecting to sell it for huge profit, is long gone.

    There are no instant riches in domaining....end of story.

    Hard work, patience, determination and realistic expectation of what you are likely to achieve is what will keep you enjoying domaining and hopefully making a profit on your investment.

    Head over to appraisals board, some people register the worst names you could ever imagine and then get so upset when they find out that there name is worth less than the reg fee.

    Some peoples expectations are way too high in the domain name registration world.

    I hope my post stops one person from registering something like buyreallycheappropertyindubai.com.
    :lol:

    There is lots of opportunity but there is no easy money in domaining.
     
  22. spirit

    spirit Established Member ★★★★★★★★★★

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    hi guys,
    thanx for the tips above.looking for more.
     
  23. SimpleDomaining

    SimpleDomaining Top Contributor VIP ★★★★★★★★★★

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    This is the best advise!!!!
    -Keep your job, because even know, that some people make living on domains, that does not guarantee, that a newbie can do the same...at least for a period of time till you know what are you doing!
    -read this forum on a daily basis at least for 2 weeks before even thinking to register/purchase anything.
    -read DN journal,
    -to practice you should research, why exactly this or that name have been sold for certain price. IF you can answer to this question, consider that you did your homework.
     
  24. turner10

    turner10 Established Member ★★★★★★★★★★

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    Thanks Intelbank.com

    Thanks for the Great advice! _\|/_
     
  25. fenal

    fenal Established Member ★★★★★★★★★★

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    Thanks for all of the very good advice posted in this thread, i agree with so much of it, especially how often people recommend to do lots of research before beginning to purchase anything.

    If i may add some thought and suggestions myself, while still fully respecting all of the advice available here and on other forums.

    I would say that at the end of the day you have to remember that the men and women here and elsewhere in this business are your competitors, and while i believe that most will be genuine and give out good honest thoughts and views, you sometimes have to just go for it, remember that someone may try and steer you away from something because they have plans for the very thing that your talking about.

    I dont mean they will deliberatly give out bad advice, they may not know themselves sometimes, but in business you can expect to be in fierce competition and i believe that with a combination of thorough research and common sense and your own gut feeling from time to time that most will be able to manage quite comfortably in this business.

    In a nutshell, i would say dont believe every single last thing that your told or read, you must make your own mind up, think outside the box and take calculated risks.
     

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