New Domainer? Read this first.

[BREWSTERS]

If you're new to domaining, please put the credit card down and spend a couple of minutes reading this before rushing over to a registrar to make a purchase.

Before you go any further, please realise this; domaining is not about registering names then figuring out how to sell them - it is about sourcing the sort of domains that others will want to buy. Anyone can register domains, there is no skill to it at all.

All of us on this forum have at one time or another made bad purchases - personally I've wasted £thousands on crap registrations in my early days - but you have a chance to start on the right path. Although in a way you may become a competitor of mine, I feel I need to say something if I see someone throwing their money away...its good karma!

I understand that it feels good to register a pile of names thinking each one is going to make you a small fortune, but trust me, it doesn't happen like that.

I'm only going to offer you a little advice on how to set off on the right path - the rest is upto you to research. So this is my advice;

Instead of registering new domains, go through the drop lists to find one or two decent quality names - buy them, then sell them. If you can't find an end user fairly soon, sell them through a forum. If you have bought well, you will be able to sell them - you may not make a profit, but you ought to be abe to recoup some money and try again.

Remember this; domaining is no different to any other business. If you want the rewards, you've got to put in the effort.

 

[Bailey]

Well said, It's a learning curve and Not a quick one either, 12 years down the road i'm still surprised by the some of the basic elements to domaining, that catch me out.

The trouble is - it is only the winners that get any mention, I think if we seen the sad side to domaining, it would make all our hearts bleed

 

[BREWSTERS]

Well said, It's a learning curve and Not a quick one either, 12 years down the road i'm still surprised by the some of the basic elements to domaining, that catch me out.

The trouble is - it is only the winners that get any mention, I think if we seen the sad side to domaining, it would make all our hearts bleed

It's seeing the sad side (recent threads) that made me write the above!

 

[websaway]

At this evolutionary stage of the business, thinking you can start in the business by flipping newly registered domains for profit is the road to failure.

Think quality over quantity and if you can't afford to hold them don't buy them.

 

[storebuilder]

Think quality over quantity and if you can't afford to hold them don't buy them.

That's a point that is very much underrated.

It is one thing to register a bunch of names and start trying to sell them but quite another to keep maintaining the re registration payments that are required.

Especially if you build a large portfolio of names your maintanance costs can become substantial.