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Domain Discussion
Domain Beginners and Newbies
Five Reasons Why Domain Names Are The Best Investments
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<blockquote data-quote="Domain Author" data-source="post: 2218956" data-attributes="member: 322823285"><p>I agree that it may take some time to flip. But the technique I follow is, I usually buy the low cost domains in the range of high $XX to low $XXX or even hand registered domains. As soon as I buy, I put up a list of all the other domains that are related to my domain name. The list turns out to be some 50-100 names. I fetch the WhoIs information and send out carefully written mails one-by-one. </p><p>I usually get 2-3 queries for the price. I price them depending on the name and after a little negotiation, it may sell. 3 out of 10 times, the domain sells. When it doesn't, I put the name for sale on auction or make offer, on forums. Some of them sell. </p><p>Those which do not sell, I put it under evaluation whether to hold or drop after a year. </p><p>But my business model as of now is sustained and I make decent money out of it. Hence the point. </p><p>Maybe I am lucky but the hard work goes in finding the right name, compiling the list and negotiating. Maybe, my business model is okay. The advantage of this model is that I save a lot of money in renewals. I don't maintain a portfolio of 1,000 names in my portfolio. Just some 100-200 names at a time. I focus on selling to end-users. When I sell, I put 50% of the profit back as investment. Also, while renewing my portfolio, I consider the offers received, has there been any query for the domain in the past, etc. If yes, I hold it otherwise drop it.</p><p></p><p>If you sell a $7 name for $100, it is like 14 times profit. Good hand-registered domains can be sold for that price. You need to be creative. Especially when starting out, making small flips is always good.</p><p>And yes, I missed the big point of losses. The industry is prone to losses. You need to know the business well before stepping in. Thanks for pointing that out. </p><p>Learn daily. Read a lot. Do your research well.</p><p></p><p>P.S. I am still learning. I give 5-6 hours daily learning about the industry.</p></blockquote><p></p>
[QUOTE="Domain Author, post: 2218956, member: 322823285"] I agree that it may take some time to flip. But the technique I follow is, I usually buy the low cost domains in the range of high $XX to low $XXX or even hand registered domains. As soon as I buy, I put up a list of all the other domains that are related to my domain name. The list turns out to be some 50-100 names. I fetch the WhoIs information and send out carefully written mails one-by-one. I usually get 2-3 queries for the price. I price them depending on the name and after a little negotiation, it may sell. 3 out of 10 times, the domain sells. When it doesn't, I put the name for sale on auction or make offer, on forums. Some of them sell. Those which do not sell, I put it under evaluation whether to hold or drop after a year. But my business model as of now is sustained and I make decent money out of it. Hence the point. Maybe I am lucky but the hard work goes in finding the right name, compiling the list and negotiating. Maybe, my business model is okay. The advantage of this model is that I save a lot of money in renewals. I don't maintain a portfolio of 1,000 names in my portfolio. Just some 100-200 names at a time. I focus on selling to end-users. When I sell, I put 50% of the profit back as investment. Also, while renewing my portfolio, I consider the offers received, has there been any query for the domain in the past, etc. If yes, I hold it otherwise drop it. If you sell a $7 name for $100, it is like 14 times profit. Good hand-registered domains can be sold for that price. You need to be creative. Especially when starting out, making small flips is always good. And yes, I missed the big point of losses. The industry is prone to losses. You need to know the business well before stepping in. Thanks for pointing that out. Learn daily. Read a lot. Do your research well. P.S. I am still learning. I give 5-6 hours daily learning about the industry. [/QUOTE]
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