SOWPub Small Business Forums  
 

Click Here to see the latest posts!

Ask any questions related to business / entrepreneurship / money-making / life
or share your success stories (and educational "failures")...

Sign up for the Hidden Business Ideas Letter Free edition, and receive a free report straight to your inbox: "Idea that works in a pandemic: Ordinary housewife makes $50,000 a month in her spare time, using a simple idea - and her driveway..."

NO BLATANT ADS PLEASE
Also, please no insults or personal attacks.
Feel free to link to your web site though at the end of your posts.

Stay up to date! Get email notifications or
get "new thread" feeds here

 

Go Back   SOWPub Small Business Forums > Main Category > SOWPub Business Forum
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

SOWPub Business Forum Seeds of Wisdom Forum

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #7  
Old February 1, 2021, 12:17 AM
Dien Rice Dien Rice is offline
Onwards and upwards!
 
Join Date: Aug 2006
Posts: 2,769
Default Great observations, Nicoleanne! I agree with all you've said...

Hi Nicoleanne,

Thank you for your valuable and important post!

Quote:
Originally Posted by nicoleanne View Post
Just a couple of notes to add. Valuable match domains (ie: snowtyres.com or electricbikes) and one word domains are long gone and not available anymore and have been all registered probably since 2000-2005. Decent quality domains are usually only available throu auctions and are bought on the 3-4 figures range.
It's true that most professionals in this area (in my observation) buy their domains at auctions... They'll pay 3-4 figures, but sell for many multiples of what they pay... It's actually possible to sell for 100x what you pay (in some cases)...

Quote:
Regarding brandables, there are lots of smaller sites or marketplaces that might be worth to take a look as they are not as crowded as big ones like Squadhelp or Brandbucket: Namerific.com, Nameics.com, or Brandroot.com to name a few.

Also, as far as I know, it's not easy to be profitable. I've read several times the average sale ratio is 1%-1.5%, and that's for people who know what they are doing. Not a big expert, though.

Just my two cents.
I think you're on the money!

It's true that many only sell a fraction of what they buy... But (if it's a valuable domain name), they'll hold on to it and pay the yearly fee (of ~$10 or so per domain name)... Sometimes for years, until it sells...

Most play a "waiting game" and wait for the right buyer to find them...

Other's use "outbound marketing" and email people who might be interested in buying the domain name from them... (They usually sell it for less using this method, but by making more sales, they get more turnover and can make steady cash...)

Others hang on to some of their domain names, and develop them into businesses... (I will probably do that with some of my domain names!)

I've made a few thousand dollars in sales since I wrote my first post on this many months ago... But I probably spent a similar amount! (However, I have a lot more domain names to show for it...)

Best wishes!

Dien
__________________
Reply With Quote
 


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Other recent posts on the forum...


Seeds of Wisdom Publishing (front page) | Seeds of Wisdom Business forum | Seeds of Wisdom Original Business Forum (Archive) | Hidden Unusual Business Ideas Newsletter | Hotsheet Profits | The Art of Leverage | The Success Report | Persuade via Remote Influence | Affia Band | The Entrepreneur's Hotsheet | The SeedZine (Entrepreneurial Ezine) | The Fly Low Collect Dough Update Hotline

Get the report on Harvey Brody's Answers to a Question-Oriented-Person


All times are GMT -4. The time now is 09:29 AM.


Powered by vBulletin Version 3.6.0
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.