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Should you develop a premium domain?

Discussion in 'Resources & Success Stories' started by Shane, Nov 26, 2015.

  1. Shane

    Shane Membership: VIP

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    auDA Member:
    Yes
  2. neddy

    neddy Membership: VIP

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    Shane - you write really well! :)
     
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  3. AlexRav

    AlexRav Membership: Community

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    Interesting article Shane, Thanks for the read, some good food for thought there :)

    I've always contemplated purchasing a solid domain and developing it with the intent to try create a meaningful income but have yet to pull the trigger, I've always felt the best chance at success for a task like this, for someone inexperienced, would usually mean making sure the domain revolves around a topic the person has either a great interest, passion or knowledge of.
     
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  4. Shane

    Shane Membership: VIP

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    Absolutely! Having either knowledge or passion (preferably both) will make development far easier and success more likely.

    It can be done without, but then you need to replace knowledge or passion with a whole lot of motivation.
     
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  5. AlexRav

    AlexRav Membership: Community

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    Ha, yeah definitely, the difference for me when developing a site that I have a passion in or not, can be a matter of enjoying or hating the work, money always being the motivating factor at the end of the day.
     
  6. findtim

    findtim Membership: VIP

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    nice article, i added my twist as a comment
     
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  7. snoopy

    snoopy Membership: VIP

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    Wouldn't do this unless you have a passion for the area and are willing to to work at it full time. Most of the time development involves a lot of wasted time and money.
     
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  8. Shane

    Shane Membership: VIP

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    Passion can be replaced with motivation, and plenty of successful businesses have been started on the side.

    As the post pointed out, development is not for everyone and/or every domain.
     
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  9. findtim

    findtim Membership: VIP

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    what people do not do mosttttttttttttttttttttttttttttt times is count their hours into the final profit $ figure.
    they go "wow, we made $10K on that hand-reg build and promo but at the end they spent 600 hours promoting it, $4k building it
    so they really didn't make good money.

    i watched some interesting new shows last night (monday) on channel "9 life"
    flip or flop
    masters of flip
    fixer upper

    all relative to this subject i think
     
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  10. findtim

    findtim Membership: VIP

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    another mention, when we do a dev job here for a client we also look at our names list and see how the layout may suit one of our names, this way we basically zero our dev cost.

    we do of course make sure our domain is in a different vertical or targeting a completely different area of australia, eg hornsby nsw could be used for a suburb in perth.

    tim