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The Watercooler
Post One Bit of Advice to Make More Money Domaining
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<blockquote data-quote="angel69" data-source="post: 2237355" data-attributes="member: 97749"><p>1) Be patient. That is not easy. Don't expect quick money, sometimes it takes years to sell a domain you consider valuable</p><p>2) Don't overpay for any name, which means you have to gauge the market and conclude what type of market you're in and what's coming, see what domains will sell well, what exts are sure losers, etc</p><p>3) Never get caught in bubbles or buyouts, you just can't tell if that's what they really are to begin with. And even if they are they may not last (bubble) long enough for you to profit from them, and they may stop and get reversed anytime, and that's painful. Or such buyout may not be so permanent. A real buyout <em>is</em> permanent meaning those domains are taken out of the market</p><p>4) Never go for the newest gTLDs, at least not right away, you could be paying a fortune in reg for a lousy ext and a domain with no resale value. Ditto for ccTLDs too expensive to carry with low resale prospects</p><p>5) <em>Always</em> follow your gut. I cannot stress that enough providing you're educating yourself and reading (plus knowing what readings to believe lol !) Just sit back and watch if you don't know what to do</p></blockquote><p></p>
[QUOTE="angel69, post: 2237355, member: 97749"] 1) Be patient. That is not easy. Don't expect quick money, sometimes it takes years to sell a domain you consider valuable 2) Don't overpay for any name, which means you have to gauge the market and conclude what type of market you're in and what's coming, see what domains will sell well, what exts are sure losers, etc 3) Never get caught in bubbles or buyouts, you just can't tell if that's what they really are to begin with. And even if they are they may not last (bubble) long enough for you to profit from them, and they may stop and get reversed anytime, and that's painful. Or such buyout may not be so permanent. A real buyout [I]is[/I] permanent meaning those domains are taken out of the market 4) Never go for the newest gTLDs, at least not right away, you could be paying a fortune in reg for a lousy ext and a domain with no resale value. Ditto for ccTLDs too expensive to carry with low resale prospects 5) [I]Always[/I] follow your gut. I cannot stress that enough providing you're educating yourself and reading (plus knowing what readings to believe lol !) Just sit back and watch if you don't know what to do [/QUOTE]
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