Hi all! I've been interested in domaining probably since I caught wind of the internet 20 years ago but haven't muscled the will to take the dive until now. I've worked with multiple startups and agencies to help grow and monetize brands and have a background in web asset analysis and planning based on my experience. I'm looking to make a major career shift from consulting into domaining & building web properties.
I figured it would be fun to track my progress and my learnings as I get my feet involved. Plus when I spend time writing and document, I tend to stick with things much longer.
That said. I want to take a methodical approach to buy domains and web assets. Eventually, I want to focus on ideation and lead teams to build apps (or tools that make my life easier lol) while being financially independent. Plus, I habitually come up with ideas/concepts that ultimately get used by colleagues so I figure I can best use that energy in the world of domaining.
Strats (three tiers)
1. Buy brandable names - this will probably equate to 100 domains over time (~$1K) in which I'll develop brands and concepts to further build upon depending on the owner. I will use my site + domain marketplaces to test this and see how well it does. This is part of a bigger plan assuming I get a decent ROI.
2. Buy effective keyword match domains and park them - I will have analytics set up to track source traffic. I already have a couple of plans/concepts I aim to push out for this strat that I think will generate revenue. This also includes current sites that are generating revenue.
3. Develop select domains to sell as turnkey startups and/or keep them for my portfolio
Right now I'm using Afternic to sell/park my domains, but as I continue to dig I will likely use Epik as they appear to have good LPs and offer their own marketplace. This saves me the time and energy making my own ecommerce site. I may circle back to this at a later date, but.
Anyways, I'll use this thread as my journal of learnings, findings, etc.
Expected Spend/Investment to start - $2,500. This may be much more if I work with a team to develop a site/product, but for the sake of domaining and domain purchasing, I'm going to keep this amount.
Goal: to make $1500/month domaining this year. It may sound a bit of a stretch, but I am hopeful. Looking forward to being on the boards more!
I figured it would be fun to track my progress and my learnings as I get my feet involved. Plus when I spend time writing and document, I tend to stick with things much longer.
That said. I want to take a methodical approach to buy domains and web assets. Eventually, I want to focus on ideation and lead teams to build apps (or tools that make my life easier lol) while being financially independent. Plus, I habitually come up with ideas/concepts that ultimately get used by colleagues so I figure I can best use that energy in the world of domaining.
Strats (three tiers)
1. Buy brandable names - this will probably equate to 100 domains over time (~$1K) in which I'll develop brands and concepts to further build upon depending on the owner. I will use my site + domain marketplaces to test this and see how well it does. This is part of a bigger plan assuming I get a decent ROI.
2. Buy effective keyword match domains and park them - I will have analytics set up to track source traffic. I already have a couple of plans/concepts I aim to push out for this strat that I think will generate revenue. This also includes current sites that are generating revenue.
3. Develop select domains to sell as turnkey startups and/or keep them for my portfolio
Right now I'm using Afternic to sell/park my domains, but as I continue to dig I will likely use Epik as they appear to have good LPs and offer their own marketplace. This saves me the time and energy making my own ecommerce site. I may circle back to this at a later date, but.
Anyways, I'll use this thread as my journal of learnings, findings, etc.
Expected Spend/Investment to start - $2,500. This may be much more if I work with a team to develop a site/product, but for the sake of domaining and domain purchasing, I'm going to keep this amount.
Goal: to make $1500/month domaining this year. It may sound a bit of a stretch, but I am hopeful. Looking forward to being on the boards more!