Hello....again?

[manyagem]

Thought I'd done this a few days ago. Maybe I broke a rule or something? - wouldn't be the first time.
Anyhow, without mentioning any domain names, I'm a UK armchair investor with time on my hands. How sad is that?
Actually, I was running a mildly successful brick-and-mortar e-shop in a niche market but when my wife died a few months ago, it wasn't practical to keep it running. I'm using the proceeds of sale to try my hand at this. Domaining doesn't involve any hernia-inducing heavy lifting does it?

 

[katherine]

Sorry for your loss. Best of success but be warned it's a tough game

 

[manyagem]

Yeah, I can see it's tough, but I kind of expected that and anyway, it's good to be challenged. If it was easy, there wouldn't be any fun, would there?

I picked up some new gTLDs today. Some will get laughed at - I'm prepared for that - but what's interesting is the number that I failed to get, so I guess there are other suckers out there. Will I get into trouble with mods if I list them in 'Appraisals'? It would certainly start a fascinating discussion, I'm sure. Sometimes, we newbies need to put ourselves up as sacrificial lambs, it's the best way to learn.

 

[Biggie]

Domaining doesn't involve any hernia-inducing heavy lifting does it?

depends on how heavy your wallet is.


if there's lots of cash in there, and you're in a hurry to buy something...domaining will help you spend it foolishly.




Welcome to DNForum.com


Good Luck!

imo...

 

[manyagem]

if there's lots of cash in there, and you're in a hurry to buy something...domaining will help you spend it foolishly.

.

Ha! I'm learning fast.

The thing is, suppose you have a budget of $2000 (I'm not saying I have), you could blow that on one fairly decent .com then spend a year attempting to sell it, or you could buy maybe 100 new TLDs, waste say 80 of them as duds, put some effort into developing the best ones. You've only got to find one nugget to recoup your outlay, then anything else is a bonus. It's all about strategy I guess. Am I wrong?

 

[asfas]

Ha! I'm learning fast.

The thing is, suppose you have a budget of $2000 (I'm not saying I have), you could blow that on one fairly decent .com then spend a year attempting to sell it, or you could buy maybe 100 new TLDs, waste say 80 of them as duds, put some effort into developing the best ones. You've only got to find one nugget to recoup your outlay, then anything else is a bonus. It's all about strategy I guess. Am I wrong?

I'd say, discount the dev part from your calculations. Developing a domain takes time and is real work.

Also I wouldn't suggest putting all your eggs in the same basket. Perhaps 4-10 baskets sound better. For instance, suppose the fat .COM you bought is a TM - you 'd have lost your investment capital !

 

[katherine]

...
You've only got to find one nugget to recoup your outlay, then anything else is a bonus. It's all about strategy I guess. Am I wrong?

That is the theory. Yet the majority of domainers are losing money. Making sales - good sales - is much more difficult than it sounds.
When you see the weekly reported sales, you might think: easy money to be made here. But even assuming it's the tip of the iceberg and most sales are unreported it's still a very tiny market. Few domains will ever sell. Ever.
The odds of winning lottery are higher if you don't have the right inventory. Because it's 99% about the quality of domains and 1% luck.

Speaking of reported sales, see which extensions do sell consistently and which ones (that is, most) are almost never featured.

 

[domainbartender]

I'd recommend becoming a hobbyist domainer and running another business alongside it - it takes time to sell domains, and the renewals come around faster than you can sell. Anyhow, welcome to DNF! Once you become a domainer, you stay a domainer. I don't know why, but it's addictive.

 

[manyagem]

I guess you don't get much feedback once a domain's sold. I've run two e-shops in the past. The first was in a competitive area selling healthcare products. Feedback was rare. The second was a niche business selling collectors items. It was very satisfying with terrific feedback from happy customers, made it all worthwhile. Not enough to get rich though. Domaining seems a bit more like spending time at the races - too many people hoping for the big win.