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Domain Discussion
General Domain Name Discussion
I am certainly starting to get the feeling...read on
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<blockquote data-quote="ukbackorder" data-source="post: 2295711" data-attributes="member: 5382"><p>There aren't any cliques that I'm aware of - sure there are loud, sometimes obnoxious, people or registrars creating their own value by preying on the gullibility of others but in my experience empty vessels make the most noise. There is no difference in my mind between someone selling you a non-existent timeshare or the latest cryptocurrency and someone telling you 'this extension will be worth loads of money so make sure you buy from me...'</p><p>Making money in this business has a very simple premise. If buying to resell make sure you have a domain that at least one other person wants. If buying for development make sure you have a route to monetisation for a developed site.</p><p>So many people buy domains that either a) nobody wants or b) could never be developed. They continue to do this until one day.. they don't. They either go broke and/or get tired of the industry (usually with the attitude that it's all wrong and nobody can be successful) or they finally understand at least what *not* to buy. That's all there is to it. However as there are no hard and fast rules about what will fulfill this necessity you try and glean as much information as possible by reading through forums, learning from other people's mistakes (and successes), and getting a *general feel* for the market and what it wants. The very first thing to do is to determine what *won't* sell. This is half the battle. Of course this likely means you won't be picking up domains for a few dollars in awful extensions but spending $10 on a domain you have a tiny chance of selling (but probably won't) and $100 on a domain you know has a good chance of selling makes it obvious. You haven't 'saved' any money - you've just wasted $10 and all the time you'll spend trying to sell the 'cheap' one before you let it drop.</p></blockquote><p></p>
[QUOTE="ukbackorder, post: 2295711, member: 5382"] There aren't any cliques that I'm aware of - sure there are loud, sometimes obnoxious, people or registrars creating their own value by preying on the gullibility of others but in my experience empty vessels make the most noise. There is no difference in my mind between someone selling you a non-existent timeshare or the latest cryptocurrency and someone telling you 'this extension will be worth loads of money so make sure you buy from me...' Making money in this business has a very simple premise. If buying to resell make sure you have a domain that at least one other person wants. If buying for development make sure you have a route to monetisation for a developed site. So many people buy domains that either a) nobody wants or b) could never be developed. They continue to do this until one day.. they don't. They either go broke and/or get tired of the industry (usually with the attitude that it's all wrong and nobody can be successful) or they finally understand at least what *not* to buy. That's all there is to it. However as there are no hard and fast rules about what will fulfill this necessity you try and glean as much information as possible by reading through forums, learning from other people's mistakes (and successes), and getting a *general feel* for the market and what it wants. The very first thing to do is to determine what *won't* sell. This is half the battle. Of course this likely means you won't be picking up domains for a few dollars in awful extensions but spending $10 on a domain you have a tiny chance of selling (but probably won't) and $100 on a domain you know has a good chance of selling makes it obvious. You haven't 'saved' any money - you've just wasted $10 and all the time you'll spend trying to sell the 'cheap' one before you let it drop. [/QUOTE]
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Domain Discussion
General Domain Name Discussion
I am certainly starting to get the feeling...read on
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