I often field emails and phone calls from persons wanting to break into the vast world of domain investing.
Some think it’s a business where they’ll be the ones to purchase a domain on Monday for pennies on the dollar and then flip it for thousands or millions by Friday.
I call this person the simpleton domain loser. Yes, I was once this person.
Without adequate understanding and comprehension of the various domain niches, they think it is just as simple as hand registering domains or bidding up expired domain auctions.
If you want to lose money quickly, then domain investing is one of many ways to lose your job, shirt, house, and car.
Domain investing is a precise game of patience and thorough understanding of supply and demand economics.
So, where did I go wrong? Continue reading
Over the last few weeks, Rick Schwartz has fallen beyond head over heels in love with Twitter.
Of course, I follow Rick’s antics, thoughts, spats and other rare dispositions as they relate to business and domaining. The following tweet captured my attention and spawned this very post.
— Elliot Silver (@DInvesting) March 27, 2017
Elliot’s question got me thinking about what it would be like to have no domain investing experience and start from ground zero today.
After all, all the good domains are taken, right? I mean, is it really possible to purchase domains at hand-registration fee or up to $2,500, and sell the domains for $100K+?
The short answers are “No” and “Yes” respectively.
It is very possible to purchase domains at hand-registration fee or up to $2,500 TODAY, and sell the domains for $100K+ DECADES later.
But how, and how can you make such a claim? Well, that’s what we’re here to debate. Continue reading
About 5-6 years ago, I agreed to work with a gentleman here in Austin to develop a website. For my time in developing the website and since he owned the domain, we agreed to split the advertising revenue.
At the end of our 2-year agreement, the same gentleman had a fallen out with mutual business partners about another website we operated. It was a pretty bad fallen out too, involving legal and lawsuits.
Allegedly, this gentleman had possession of a domain that was personally not his. He forced the company to purchase another domain name because he held the old name ransom.
Well, some time passed and cooler heads prevailed. The old domain was transferred to the company after some tough negotiations.
Not too long after this, I approached the gentleman with an offer about buying the domain that I had developed a website for years prior.
The domain was no longer being used, so I thought I had a decent shot at getting the domain at a reasonable price. Continue reading