- Joined
- Aug 26, 2009
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Hi guys (and gals),
As a new member and supporter of this forum, I'd love to hear opinions from those people who have dealt with hand registering domains as well as purchasing and reselling premium domains.
My questions are as follows:
1) If you have a budget of $5K to start, is it faster (in terms of net profits) to buy and resell premium domains vs. hand reg'ing domains?
2) What are the pitfalls of each?
3) If so, what are some important rules do jumping into that niche (I have never purchased a domain other than hand regging for previous businesses.)
4) Outside of automated tools like Estibot, how do you calculate your profit potential when buying a domain at auction?
5) Are there rules you follow to reduce your risk as much as possible? If so, what?
6) I imagine that those that are making north of six figures per year are buying and reselling premium domains, correct?
7) If you are buying and reselling premium domains, are you also building those sites out or just flipping them, holding on to them, actively seeking buyers, or waiting for them to come to you?
8) If you hand reg domains that you feel would be valuable to somebody somewhere, and you want to make them available for purchase right away through sedo or a similar site, is that a bad idea? If you do, how would you go about it?
Thanks everybody. I know it's a lot of questions.
Cheers
As a new member and supporter of this forum, I'd love to hear opinions from those people who have dealt with hand registering domains as well as purchasing and reselling premium domains.
My questions are as follows:
1) If you have a budget of $5K to start, is it faster (in terms of net profits) to buy and resell premium domains vs. hand reg'ing domains?
2) What are the pitfalls of each?
3) If so, what are some important rules do jumping into that niche (I have never purchased a domain other than hand regging for previous businesses.)
4) Outside of automated tools like Estibot, how do you calculate your profit potential when buying a domain at auction?
5) Are there rules you follow to reduce your risk as much as possible? If so, what?
6) I imagine that those that are making north of six figures per year are buying and reselling premium domains, correct?
7) If you are buying and reselling premium domains, are you also building those sites out or just flipping them, holding on to them, actively seeking buyers, or waiting for them to come to you?
8) If you hand reg domains that you feel would be valuable to somebody somewhere, and you want to make them available for purchase right away through sedo or a similar site, is that a bad idea? If you do, how would you go about it?
Thanks everybody. I know it's a lot of questions.
Cheers