Cool New Website, and My Thought of the Day

Hey everyone, I found a website that is giving out domain name reselling tips, maybe it’ll help you. I read through the 1 or 2 pages and didn’t find anything I don’t already know, but the information was good.

Here’s my thought of the day: How do you get started trading domains? Well, it’s simple. You’ve gotta get yourself some capital from somewhere. Your first job, a stimulus check, from your mom, it doesn’t really matter. Once you’ve got that capital to start investing in domain names with, you should look for some great domain deals. If you find any good deals, (covered in my previous post, about deals) you need to buy them. Again, don’t buy anything less than premium domain names. If you buy bad domains, you won’t be able to sell them off in the future. Our goal is to find great domains, then transform them into amazing ones. Once you’ve transformed your domains by parking them/doing SEO/ or whatever else you may personally do to a domain, then it’s time to sell it for more than you bought it. Once you’ve sold off all your domain deals, take some of the money you made and invest in more domains. It’s that easy! Follow some of my previous blog posts and you will understand more. Have fun, domainers.

The Story of a Fledgling Domainer

Today I am going to share my first domain deal with you, the reader. It’s not a long story, just something short and sweet for you to read and enjoy.

It was October, 2003, and I had just gotten into domaining. I had sold a few domains for some quick scratch, and had been saving up some capital, waiting for the perfect domain name. Weeks of searching and waiting for dropped domains finally worked out. I found the most wonderful domain. To protect the buyer, I’m going to call this domain ‘premium.com’. So I bought premium.com back in 2003 for an astounding 360 dollars. I was sure that something big would come of this domain. It was perfect. To this day, I have not had such a great domain deal. My domain was under 8 letters, and fairly generic. I put in a lot of work getting traffic to the domain, and it paid off. After about 6 months, I was averaging around 200 bucks a week from having the domain parked. The advertising revenue was great. It paid off not only the expense of hosting, but also for some of my other projects. I put a lot of that revenue into other domains, too. Around June, 2004, I had an offer for premium.com. The offer was in the $xx,xxx range, but I knew it was worth more!  I kept holding out. After a bit more work on the domain, I was getting around 2,000 hits per day, with just a simple parked domain. In October of 2004, I finally accepted an offer for premium.com. The offer was for $101,000! I accepted the offer, and put about 90 percent of it back into buying more great domain deals. Since then, I’ve bought and sold premium domains for anywhere from 1,000 dollars to $15,000. I’ve  yet to see another premium.com style domain become available, and I believe my success was due to a lot of hard work, but mostly luck.

Keep trying out there, domainers. Your time will come!

Thoughts from a Domainer.

I haven’t posted in a while, figured I’d update the blog with some more of my thoughts.

Anyway, I was thinking about how a person could find great domain deals online, and it occurred to me that you can’t always get a great deal. Sometimes you have to settle for something expensive. If you want to make the big bucks domaining, you can’t just buy a bunch of bargain domains and try to hawk them to random visitors, nobody wants the garbage domains. Sometimes it’s important that you spend money to make money. What I mean by this is that if you see a premium domain that you can grab for 250 dollars, it would be stupid not to take it. If you can buy a premium domain for under 500, there’s always a chance to make some serious profit. Anything up to 500 for a premium domain can usually be doubled.

Anyway, that’s my thought for the day. Basically, don’t waste too much time looking for great domain deals if you don’t truly think they exist.

YouTube Update, And My Thought of The Day.

Hey everyone, I’m just posting to let you all know that I have a youtube page and regularly post videos there. My username is TheDomainDude and you can click there to see the videos I’ve made, or head on over to the videos link on the blog.

Feel free to follow my account and see what gets posted next. It will most likely be some cool tips for your domain.

While I’m still writing, I want to give you my thought of the day on what makes a ‘good’ domain name. First off, there’s a lot of words out there that can become a domain, and it should be obvious that not all of them are great choices.  One interesting thing is that even with some of the bad domains, a company looking for something simple to remember could pick up a no good domain and turn it into a search engine (I’m talking about ‘bing’ here.) So sometimes having a few premium ‘bad’ domains is a good idea. Premium in this case meaning under 8 letters, although the above also applies to super premium domains that are generic (like example.com.)

So what makes a good domain? Mostly length, and memorability. I covered these in another blog post, where I talked about appraising domains, but I didn’t really emphasize how important those two factors really are. Other factors also bring value to a domain, such as how generic a domain is, but if a company is looking for a new name, something generic might be what they are looking for. In essence, if a domain looks premium, it probably is.