Hey, I want to learn!

[ride-your-bike]

Hey all I am a student and want to learn how to buy and sell domains to maybe make some cash on the side. Always looking for a helping hand, when I learn the tricks of the trade I will be able to return the favor!

Could someone give me pointers how to get started? I don't have the money to be buying names for hundreds of dollars so I plan on creating names, registering them and then selling them somehow on GoDaddy or sedo?

help me out!

Thanks ahead of time!

[RustyK]

Welcome aboard. Well the best advice I can give you is read through the forum and get involved in discussions. But if I had one tip to share it would be, don't buy any names until you know exactly how this business works. This was my first mistake when I first started and wasted $500 on rubbish names. Even if you THINK its a good name don't go buying just because it sounds good or the price is cheap. Learn first and buy later.

That's my tip of the day.

[ronen]

Welcome aboard. Well the best advice I can give you is read through the forum and get involved in discussions. But if I had one tip to share it would be, don't buy any names until you know exactly how this business works. This was my first mistake when I first started and wasted $500 on rubbish names. Even if you THINK its a good name don't go buying just because it sounds good or the price is cheap. Learn first and buy later.

That's my tip of the day.

oops, already made this mistake :(
I've spent $12,500 buying 8,000 domain names :(

[dcristo]

There are no secrets, for the most part you'd be wasting your time and money with that strategy. the days of registering available domains to make a nice profit without having to develop them are long over.

[ronen]

There are no secrets, for the most part you'd be wasting your time and money with that strategy. the days of registering available domains to make a nice profit without having to develop them are long over.

So what should I do now? should I park them somewhere?

[dcristo]

So what should I do now? should I park them somewhere?

I'd recommend development. If you have registered 8k domain names, surely you have some with development potential.

[katherine]

oops, already made this mistake :(
I've spent $12,500 buying 8,000 domain names :(

I hope that you did a lot of research then.
To be honest finding decent regfee domains is tough these days. If you handregged 8000 domains it's very likely that 99.8% have no value.

[Dopa.com]

Welcome aboard. Well the best advice I can give you is read through the forum and get involved in discussions. But if I had one tip to share it would be, don't buy any names until you know exactly how this business works. This was my first mistake when I first started and wasted $500 on rubbish names. Even if you THINK its a good name don't go buying just because it sounds good or the price is cheap. Learn first and buy later.

That's my tip of the day.

Thanks for Rustyk's useful tips.