$15,000 to spend

[adam5605]

Hi i have between $10,000 and $20,000 to spend on domains.

Im interested in buying names and reselling them within a short period of time.

Ive been in the game for about a year but would love some suggestions.

there many options: buying from original owners reselling them to resellers is what im more interested in does anyone do this fulltime i.e send lots of emails to original owners and resell them to resellers?

Or buying cheap names and reselling them to end users?

Im not interested in buying names to develop or save for a long long time or traffic names, i would appreciate your input thanks

 

[Biggie]

if you've been in the game for a year and have had some success, then stay on that path

input would only confuse you.


if you haven't had any success, then re-read what you wrote and follow that plan.




i'd say...find a mentor.

 

[Jessica320]

Why not shoot two birds at a time? Why not buy domains from original owners and sell them to BOTH resellers and End-users?

You could buy some of my domains for starters. Lol.

Seriously, if you buy domains, make sure to use Google Keyword Tool and consider only those with at least 5,000 exact keyword searches per month, cheap or not.

 

[Soofi]

I do quick flipping fulltime and have been doing it ever since Dec 2007.
Result: 145+ trader ratings on Namepros & about 25+ on here..

You defi need to find a mentor to guide you through.

Good luck!

 

[adam5605]

Hi,

I have allocated $15,000 to spend on domains.

Im only interested in buying and reselling them within a short period of time, i.e flipping.

Im not exactly new to the game, but would love some advice.

What would you do with $15,000 where would you buy the names from?
existing owners? drop auctions? where would you sell them? to domainers? sedo e.t.c?

Would love to hear people's advice, not interested in ppc revenue et.c just reselling thanks

 

[Theo]

Flipping is dead. If you need to acquire worthy domains, try NameJet/BuyDomains or various ongoing auctions e.g. Snapnames.

 

[Gerry]

I would look for premium generic, dot com, LLL or very generic names for quick flips. Even then, it may not be a quick flip as it is a buyers market and most buyers are being very very picky. For instance, someone here paid 5K for GunClub dot com. That was a steal and a gem of a name FOR A SITE not for parking or flipping. Honestly, I am still shaking me head over that one for 5K.

If a great 3 or 4 letter .net happens your way, GRAB IT!. I have seen a couple go for less than 500 bucks.

STAY AWAY from TDNAM. The good names are so hyped and overinflated with stats. Many names are going for 2, 3, or 5 times what I would pay for them. GD dropped names are pushed to the front knocking eveything else down.

Look for what's popular ALWAYS and stay away from trends. Google Zietgiest is NOT the place to reg or consider names for long term. Honestly, hot one minute, cold next can crush your investment in a heart beat.

 

[Rockefeller]

Flipping is dead. If you need to acquire worthy domains, try NameJet/BuyDomains or various ongoing auctions e.g. Snapnames.

That's funny...who said?

 

[Gerry]

Flipping is dead.

Agree...strong names are being held.

Take a part of the money you want to put into names and take the names to minisite status. Let them generate revenue and PR while you are trying to sell. A site with backlinks and decent PR will sell on its own merits.

 

[Theo]

That's funny...who said?

He said: " Im only interested in buying and reselling them within a short period of time, i.e flipping."

This technique has pitfalls: small profit margin, higher taxation rates, higher possibility of making hasty business decisions. The current market conditions dictate long-term holding i.e. at least a year & development.

 

[nameadvertising.com]

Perhaps buying only good LLL and LLLL.

Look what flipping did to the housing market! There is only so far one can go with flipping. At some point buyers will balk.

 

[Biggie]

threads were merged.

since this is the second time in less than 30 days where you have asked basically the same thing.

 

[Gerry]

threads were merged.

since this is the second time in less than 30 days where you have asked basically the same thing.

Was not aware of a previous thread. Thanks.

Such postings now leave me real suspicious.

Perhaps really is a noob looking for tips.

Honesty and Integrity is paramount.

 

[Rockefeller]

He said: " Im only interested in buying and reselling them within a short period of time, i.e flipping."

This technique has pitfalls: small profit margin, higher taxation rates, higher possibility of making hasty business decisions. The current market conditions dictate long-term holding i.e. at least a year & development.

Most of my flips are within 3-5 days. 10-150k in profits. It's a matter of how hard you work...if people think they are going to buy domain names from someone on the forum and re-list it a week later for a profit they're wrong..but there are many other ways to do it.

 

[acronym007]

I have to agree, flipping is not an easy road, close to dead in this economy. While I think some people will have success, Rockefeller, you have to be one of a very few people in this business doing this. I mean very, very few. I don't know many others.

 

[Theo]

I'm not discounting your method, Justin. But unless you want to share specifics - hence giving away 'trade secrets' - I don't see how a "newbie" can do it. As I said, I strive to maximize my profits: I hold most domains for a year and the tax bracket drops to 15% upon selling. A day less and it's at 30%+

 

[dominator]

does anyone do this fulltime i.e send lots of emails to original owners and resell them to resellers?

yes, i get emails from them quite often

the more people do it, the more difficult it gets

 

[democrat]

I'm not discounting your method, Justin. But unless you want to share specifics - hence giving away 'trade secrets' - I don't see how a "newbie" can do it. As I said, I strive to maximize my profits: I hold most domains for a year and the tax bracket drops to 15% upon selling. A day less and it's at 30%+

Theo's right, unless you are working 72 hrs straight outta compton, A newbie WILL NOT see those numbers because unfortunately a lot of "flipping" techniques being sold out there encourage going to the nearest forum and trying to get the sale there.

I know I recently did a case study on "flipping" for myself to see what methods would work. I found that while I can sell my site on the forum, not going to get the big fishies. However, using some tactics that I think Justin may as well be using, went on a different route and gained some healthy profits.
The latter of the methods require really getting outside your bubble and going in deep. It may cause pain, but it's definitely worth it.

 

[victornumber]

taxes? :S. I never heard of that before. Is it only for the US?

 

[Gerry]

.if people think they are going to buy domain names from someone on the forum and re-list it a week later for a profit they're wrong..but there are many other ways to do it.

I tend to agree with this. I have found that solid domains with less noise fetch good prices. However, not from a flipping stand point.

All my top sales have been end user approaching me or I them. Posting on forums, blogs, etc garners attention and creates noise for promoting the domain.

I am getting ready to broker about nine names. Domainers will not know that I am brokering them because domainers will not know that they are available. Why? Domainers are not the market. I would rather spend time and effort working with or negotiating at the end point (user) rather than waste my time with domainers. I'll explain this later.

There are another couple of dozen that I will list and promote and domainers will be made aware of their availabilty.

But honestly...do I want to wholesale domains? Isn't that really what flipping in about? Why do people think that most major distributors have a retail and a wholesale price list?

Here is how the mind of a domainer (and people on this forum) think:

This morning, I post a thread on this forum about a site I just created. Within a half an hour or so, someone is sending me a PM and another is sending me an email. Both are wanting me to buy their name because I did something with mine. Kiss my ass. I did not put time and effort into creating a site to buy someone else's name. Or, better yet - the person (another member of this forum) who a couple of weeks ago contacted me to help find a buyer for his name but would only pay a broker fee ONLY if I sold it more than what he was asking. Again, kiss my ass.

In all honesty, I have no desire to put extensive marketing effort towards domainers. With the mindset that many have and illustrated above, 95% of domainers are not worth the effort. Reminds me of a damn flea market...every body wants to pay nothing - zilch.

First of all, if domainers want something they know how to contact me. We all know about WHOIS and all the other sources to find out who owns any given domain names.

And how many end users really know what the hell Sedo is or does and these other selling platforms even exists?

So if a domainer wants a certain name then why should I put time, effort, and money into promoting domains to domainers? I will ONLY do so by PM based on past dealings or experience with certain domainers.

I am getting so tired of seeing quality domains end up as parked pages. Even for myself and all the domains I own - parking sucks. It sucks from a domainers point of view regarding decreased revenue and no transparency. And it sucks from a consumer point of view as a parked page often times does not contain anything worth considering in my search.

Anyways, I do see your point, Rock. If you have a buyer in mind or someone who you know is looking for a certain genre or niche then you can flip in a relatively short time.

I will put good money into good names. I either already have a buyer lined up or a site in mind.

But putting that kind of jack into something to park???

If I am paying 5K, 15K, 25K for something to park, you can guarantee it will be a new tractor or truck to use in my business.