NEW PODCAST:
My picks for this week’s Squeal-of-a-Deal and Dog-of-a-Domain awards!
Plus my usual musings on brandable domains that sold between $20 and $200 in the expired auctions this week at DropCatch, Dynadot and GoDaddy.
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Brandable Insider Domain Review
New Podcast Format!
A quick review of about a dozen brandable domains that sold in the aftermarket this week. Sale prices range from $17 to $275 (see list below).
If you have a domain you’d like me to review you can submit it in the comment section below. I’ll try to include some or all of the submissions as part of a future podcast.
Thanks for listening!
(more…)GoDaddy’s Advice on How to Be a Successful Domainer
Develop a good business plan and make sure you have a secondary source of income because full time or even part time domaining could take a while. — Tia Wood, Domainer, Web Consultant
Every year one of the highlights of NamesCon is the presentation by GoDaddy. It’s always well organized, with good visuals and lots of data based information.
(more…)What Kind of Domainer Are You? Part Three: Buy and Hold
A great domain name has to ripen. Like planting a fruit tree. In TIME it may bear fruit. I don’t think about selling. Never do. For some Domainers business is a sprint and always running. For others it’s a marathon. I am on the marathon side. Turtle always wins.
– Rick Schwartz, The Domain King
My final entry for this three part series is an exploration of the Buy and Hold style of domaining. Traditionally it’s a long term, passive style of domain investment wherein domains are held for years despite regular, albeit sub-par, offers. Trends and fluctuations in the domain markets don’t affect the Buy and Hold domainer who possesses a deep sense of conviction and unwavering faith in his/her asset’s value and their strong potential for very lucrative paydays.
(more…)Retrospective: My Four Years as a Domainer
In many ways, most domain name investment is better labeled as speculation……… Less is more – quality over quantity. Don’t invest unless you understand the quality of a domain, and your options to cash out.
– Alan Dunn at NameCorp
I’ve just completed my fourth year of an exciting and profitable domaining adventure. So today, at the start of a new year, I’m looking back and sharing my reflections on my past successes and failures. This includes insights, stats and some year over year sales analysis.
Keep in mind that I characterize myself as a journeyman domainer investing, almost exclusively, in dot-com, brandable domains. Everyone’s journey is different but here’s the story of mine.
Are You Pricing Yourself Out of the Market?
“Arriving at the real value of a domain is like a blind man, in a dark room, looking for a black dog – that just might not be there…” — Unknown
The most common mistake new domainers make is overvaluing their domains and listing them at ridiculous prices that no one will pay. After a while they feel frustrated and start asking: How much is my domain worth? The often heard answer to that question is: It’s worth what someone will pay for it. An answer that, while completely accurate, is simultaneously useless.
I think pricing is one of the most underrated variables in our industry. It can make or break our business model. Price too low and we risk leaving big money on the table. Price too high and we decrease the chance of a sale or possibly even price ourselves right out of the market.
I don’t have the magic solution to the pricing conundrum. But I can do what I usually do. Provide some sales data, give you my two cents and let you make up your own mind 🙂
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Let’s Get Rich – Investing in the Next Big Thing
Ninety nine percent of finding the next big thing is discounting all the noise of those that want to convince you that what they have is the next big thing.
— Rick Swartz, The Domain King®
We all wish we could have registered the 1997 gems that are selling now for 6 or 7 figures. So why didn’t we? The reality is that most us were online in 1997. I know I was. And yet we didn’t buy. Since then other opportunities have come and gone. But often we haven’t seen or responded to them in real time.
Don’t believe me? Take a look at these 2018 sales.
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