1. Welcome to DNTrade. If you want to find out about the latest domain name industry news or talk, share, learn, buy, sell, trade or develop domain names - then you've come to the right place. It's a diverse and active community, with domain investors, web developers and online marketers - and it's free! Click here to join now.
    Dismiss Notice

Things are looking up

Discussion in 'Resources & Success Stories' started by Guidex, Dec 5, 2016.

  1. Guidex

    Guidex Membership: Community

    Joined:
    Nov 25, 2013
    Messages:
    222
    Likes Received:
    36
    I was never good at picking domains effectively, I've only sold two domains out of the 50-60 I registered between 2013-2016 for about $300 total. These were all hand registered

    Then in the last two weeks, two domains, both 5L (hardly premium) have sold for $400 USD, and $420 USD both emailed me directly through my sales page. These were both expired domains I picked up.

    I'm glad I renewed them on the 20th of November (Both due) as they sold shortly after.

    :) Feeling optimistic
     
  2. snoopy

    snoopy Membership: VIP

    Joined:
    Jul 14, 2010
    Messages:
    4,533
    Likes Received:
    1,804
    Are you doing something different or is it luck? Just doing some rough calls but sounds like you've got $1100 in sales with at least $1200 expenses, not factoring in time etc.

    A friend once told me something along the lines of, "getting a few sales can be even worse than getting no sales". I was surprised when he said it but I think it is true. i.e. it gives you a false sense that you are making the right moves and encourages more of the same, whereas no sales sends a clear message.

    I did buy a lot of reg fee names a few years ago, got maybe $3,000 in sales but that was eaten up in reg fees (I'm not factoring in time value which was actually an immense investment), so be very careful. It is actually incredibly hard to making money out of reg fee names in the current market. It think very few people are making money from it. Realistically if it was working and expandable you've had several thousand in sales by now.
     
    DomainNames, Scott7 and Guidex like this.
  3. Guidex

    Guidex Membership: Community

    Joined:
    Nov 25, 2013
    Messages:
    222
    Likes Received:
    36
    I have read a lot on these forums (a lot of your posts) and only kept around 10 domains active that I thought could be sold / branded. I paid $600 odd in 2014 for these 60 domains but let 50 expire after the first year. Four of the ten have sold so far. So I've spent about $900 and made $1500 approximately.

    I think I've realised that hand reg domains only get sold when you're extremely lucky. There's a reason that no one owns them. Since then I've only tried buying/bidding on dropping domains. I don't have the capital to buy domains at auction for XXX, this is just a small/cheap hobby to give me a few extra dollars in the bank.
     
    Scott7, Rhythm and snoopy like this.
  4. snoopy

    snoopy Membership: VIP

    Joined:
    Jul 14, 2010
    Messages:
    4,533
    Likes Received:
    1,804
    Yes, typically a good sounding reg fee names will have been registered several times before. They are 99% John West rejects. Personally I would suggest trying to buy much higher quality domains. The stuff on the drop that goes in 2 figures isn't really going to have much capital value. In other words that name has huge holding costs in relation to the value of the domain and there is no depth of demand. The reg fee needs to be quite small compared to the value of the name for it to work in my view. Better off buying less but investing in names that multiple bidders.

    You could compare to people buy houses in inner areas versus those buying on the outskirts of the city. The people buying on the outskirts will usually get hosed because there is typically a demand level of 1 person or less in an auction situation.
     
    DomainNames likes this.
  5. findtim

    findtim Membership: VIP

    Joined:
    Dec 13, 2011
    Messages:
    7,407
    Likes Received:
    1,579
    auDA Member:
    Yes
    do what i do, just think about the cost as doing a course, you pay for knowledge thats all.
    i did a stock take the other day and i've dropped about 60+ names in the past 18 months and feel much better for it.

    tim
     
    chris, DomainNames and Guidex like this.
  6. Honan

    Honan Membership: VIP

    Joined:
    Jun 22, 2008
    Messages:
    1,175
    Likes Received:
    88
    auDA Member:
    Yes
    Guidex
    Are we talking about .com.au or dot com that were sold?
     
  7. Guidex

    Guidex Membership: Community

    Joined:
    Nov 25, 2013
    Messages:
    222
    Likes Received:
    36
    Both .com's
    Haven't had any luck with .au's
     
    Christopher likes this.