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First domain purchase - opinions welcomed

Discussion in 'General Domain Discussion' started by Tim_M, Sep 1, 2012.

  1. Tim_M

    Tim_M Membership: Community

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    As you know I have just got into domaining and have made contact with a member who is selling 630 names in one go...

    I did some homework and think I could develop 4 of the names and was wondering about your opinions. The names are $150 each + fees. Any POV/opinions/feedback appreciated. With my domain budget I was hoping to buy 4 or so quality domains but these sorts iof names would be 'stocking-fillers'...

    ezoo.com.au & .net.au <-excellent for an online zoo
    monetisemydomain.com.au & .net.au
    mothersdaycardsprint.com.au <-online ordering of mothers day cards
    xmasdeal.com.au <- deals site for christmas-specific gifts
     
  2. findtim

    findtim Membership: VIP

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    as you are "green" here's some hints, not an opinion.

    search for google adwords tool and learn it, its no gaurantee and i pay little attention to it when pricing domains that i want to develop, but its interesting info. exacts, broad, phrase

    next, do a search on dnt on what others think about .net.au names

    ANY domain can make you money if developed and have skills so your purchase is up to you.

    if i was going to buy MDcards sprint then i'd want a connection with the print industry or have found some good affilaite programs, same for xmas....

    i think they all need good SEO to succeed so if thats your skill go for it.

    i think chris said the other day "flearn" fail and learn, search for that thread and watch the video.

    "fail cheap" is another good one, i'm really trying to not be a spoiler here but my honest advice is buy 1 and make it work, then come back for more.

    my pick is xmasdeal

    tim
     
    Last edited: Sep 1, 2012
  3. snoopy

    snoopy Membership: VIP

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    Run like the wind! None of those are even worth 5 cents.
     
  4. findtim

    findtim Membership: VIP

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    auDA Member:
    Yes

    lol
     
  5. Bacon Farmer

    Bacon Farmer Membership: VIP

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    +1 what Snoopy said!

    Fastest way to get up to speed on domain values is to study the prices on the drops daily.

    What is your business model? How are you going to make money?
     
  6. Tim_M

    Tim_M Membership: Community

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    Hi & thanks for the honest replies.

    My business model is just to develop the sites until a bigger name wants to buy the business & associated domain.

    ezoo: Would be an online zoo where people pay 'admission' for a 24 hour pass to see videos of animals
    monetisemydomain.com.au & .net.au: I would build a forum here to allow people to talk/share ways to monetise domains
    mothersdaycardsprint.com.au: people could order mothers day cards, get them printed & delivered all within a few clicks
    xmasdeal.com.au: every Christmas Aussies spend big on presents, but they could get more for less with the help of xmasdeal.com.au

    The seller stated "they're a 4yr to 6yr life cycle on value from now, but definitely worth the money." so I am keen to get cracking before anyone else does as the internet moves fast and I dont want to be the one telling people about the catch that got away...
     
  7. James

    James Membership: VIP

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    I know the member you are referring too, I reccomend you do business with him as he is a honest seller, but in my eyes I would ask him to sell you say 1 x name for around $800 range rather then buying 4 names for $600, I think you can make better ROI off 1 good name rather than 4 average names..
     
  8. chris

    chris Administrator

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    Hi Tim,

    Everyone will have a different opinion and you'll get lots of them here :)

    My 2c would be to definitely take your time and do your research. If possible, pick areas or topics that you really enjoy (or you really know are profitable) since you'll be spending lots of time working on your sites.

    I agree things move fast, but that also means there are new opportunities that appear every day.

    There are plenty of people here to help you and give you ideas and support, it's great that you're keen and seeking advice. That's a huge step in the right direction.

    James' idea of looking at the next level up in terms of quality is solid advice.

    Cheers,
    Chris
     
  9. Blue Wren

    Blue Wren Membership: VIP

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    +1

    Keep your money in your pocket and read solidly for a good 2 month or so, then go spend some money.
     
  10. zhenjie

    zhenjie Membership: VIP

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    ezoo: Would be an online zoo where people pay 'admission' for a 24 hour pass to see videos of animals
    No one would pay to watch videos of animals. There is youtube for that, and uSteam for real Zoo feeds (which are all free)

    monetisemydomain.com.au & .net.au: I would build a forum here to allow people to talk/share ways to monetise domains
    DNTrade is already established and far to many international forums on domain monetization

    mothersdaycardsprint.com.au: people could order mothers day cards, get them printed & delivered all within a few clicks
    xmasdeal.com.au: every Christmas Aussies spend big on presents, but they could get more for less with the help of xmasdeal.com.au
    Both these will take lots of work to monetize. Seasonal and single day event domains sound good in theory but dont always go down very well for just a casual developer.
     
  11. Lorenzo

    Lorenzo Membership: VIP

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    You know...I never appraise anymore domains in order to avoid arguments...BUT:

    Those names are nearly worthless.
     
  12. findtim

    findtim Membership: VIP

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    auDA Member:
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    PM sent

    tim
     
  13. Honan

    Honan Membership: VIP

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    Spend your $600 on a good domain e.g. a product or a single word
     
  14. BenWalker

    BenWalker Membership: Community

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    +1
     
  15. xwdomains

    xwdomains Membership: Community

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    I would look to acquire one good name instead of several sub par names.

    For $600 you should be able to pick up and already established site you could monetize better that's already making some revenue.
     
  16. johno69

    johno69 Membership: VIP

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    This whole thread is just taking the piss surely.
     
  17. neddy

    neddy Membership: VIP

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    Are you taking the piss Tim_M?

    And if so, why?
     
  18. findtim

    findtim Membership: VIP

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    tim m i think you need to call me, i'll PM my phone number AGAIN

    tim
     
  19. Tim_M

    Tim_M Membership: Community

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    I feel like I am phoning a lot of members... I already have had 4 invitations to call and have spoken to 1 so far... I will check PMS now
     
  20. pacifier

    pacifier Membership: Trader

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    Tim,

    You won't know how valuable domain is until you drop you first one so go ahead and give it a shot.

    Everybody who is here have been through this phase and they are still around because they've learned from the experience.

    "Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime."