Struggling to sell your domain names? Join the club. Businesses are not even professional enough to reply back with at least a "no thank you" or "we don't need the site, but thanks." In the world of online communication, businesses have lost their edge.
How do you sell your domain names to end-users if they refuse to take two seconds to reply back with a rejection? The pipe dream of the domain industry is wearing thin in a world that rewards the rich and holds back the less fortunate.
Domain names are not as important as you think. The domain industry attempts to build value in the domain stars and companies that continuously sell millions of dollars in domain names. The domain industry is another version of the car sales industry. You have a bunch of leeches looking to make a huge profit off end-users. Why should end-users have to pay more for a domain name than a domainer?
I know why. Because end-users implement the domain name into action. Now they're expected to pay multiple times the value to purchase a domain name. It sickens me to watch these end-users overpay for domain names, but then they will turn you down on a domain name that is one of their top products or services. What I'm advising you to do is to look past the DNJournal and domain companies. Who cares what these elite domainers and domain companies do. They could care less about you.
The DNJournal casts an imaginary light on scoring high domain sales. Therefore, domainers assume they can get the same prices. Then, asking high prices for a domain name ends up becoming one rejection after another. After you're tired of dealing with the domain name, you let it drop. What if you could have sold the domain name for say $100-200? Would that be feasible since you paid far less to acquire the site?
Domain investing and domaining operate on two different spindles. Domain investing involves acquiring top domain names to hold as an investment. You usually don't want to sell your domain names, but will take extremely high offers to move the site. A domain investor will not worry if they don't make a sell. Their main concern is for the future. They also buy domain names to flip as well.
However, domaining is buying as many good domain names as you can and moving them at whatever price will produce a sale quickly. You don't have to sell them at rock bottom prices, but you will be flexible to make a sale. Experienced domainers will flip their sites at between 5-20+ times the cost. Price is the bulk of success. Many domainers claim quality is the essence of domaining. Their advice is ill-advised.
Quality doesn't matter when attempt to sell a domain name for $100K to a company that only makes $50K in revenue per year. It doesn't make sense to offer the company such a site. Quality doesn't matter where Afternic sells piles of overrated dirt at platinum prices (IMO). Quality is a distorted word that falls into the same bracket as "free advice." You can read every article on this site, there is not one time that I mention to you that I'm providing you a free service. Another visitor may have mentioned me giving my readers "free advice. " I write because I enjoy writing. At times, conflict and frustration fuel the writing process.
It's not fun to write when you're hungry and thirsty. It sucks to write under intense pressure. I assume long-term struggles are worth one moment of validation to accomplish a dream. I believe dreams are worth decades of struggles. You can expected many tough times. I see these domainers with the means to help another. 99.99% of them turn a blind eye. That's besides the point.
One domain selling tip is to be flexible with your domain names. Don't expect prices glorified on the DNJournal as common. I'm usually in a positive mood, then scanning the domain sales section of overpaid junk becomes frustrating. Maybe a domainer should develop a Web site to review whether the end-user succeeds with these domain names. The domain sales report casts a false shadow on the domain industry.
In order to make a mediocre sale, you have to waste thousands of hours of your valuable time. If you don't run a domain company such as WWMI, you probably won't get the prices you want. You won't get $5,000 for
NewYorkStrippers.com. Are domainers hanging around on domain blogs actually producing good results? Who knows? A lot of them talk, but there is little action on these domain blogs. People who hang around on domain blogs enjoy commenting all day long (i.e. 3D post on
TheDomains.com). There are successful domainers on such blogs. You know of them from previous sales. The most successful domainers are discrete and reserved.
There is an illusion of reality in the domain world. I know for a fact (I can show you hundreds of e-mails), that selling domain names to survive is simply the worst possible thing you can do. You will feel defeated every time a possible sale is DOA. Rejections or no replies make you angry. Selling your domain names is not as easy as you think. Sure, there are successful domainers out there. They have been buying and selling domain names long enough to build a business rapport.
Domain newbies enter the domain industry with the hope to make a fortune selling domain names. They are the ones that ask the most questions. Sometimes they will ask you questions about why you're doing things a certain way, when in fact you already attempted to adopt the technique. Domain newbies will hang out on domain blogs hoping to get good advice. They will leave many comments floating around in cyberspace, noting they are domain newbie that wants to learn about domaining. All these actions are supposedly leading domain newbies to riches.
Just know that domaining requires a ton of work. Most of the time you will experience failure. It's the truth. Your domain sales can be compared to the ad click rate, which is about 3%. You will need to build an inventory of domain names. Read a lot of domain content to soak in the knowledge. Don't waste too much on domain blogs interacting with domainers. The Facebook craze has definitely rubbed off on domainers.
Selling to buy will amount to low sales. Unless there are some excellent domain names involved in the buying process such as
IPO.com $38K purchase on GoDaddy, and flip for $500K on Sedo a few months later, then don't expect quick flips. Good domain names will cost you money. However, you can register good domains that others gave up on. I see that many of my past domains are registered. There are some hidden gems sitting on Sedo. You have to research a niche to determine what domain names are selling and what is going to make you money
I haven't failed in domaining. You only fail when you don't make more than you buy. Nonetheless, I failed my dreams because I invested way too much time in domains. I don't see how domains can represent a domain. Dreams are established when you invest the time to accomplish an appealing dream. In the domain word, people assume that buying and selling domain names for profit is a dream. It's a boring dream at best. Buying a domain name to build into a dream site is a dream. Establishing a company that people will respect is a dream.
Is it a dream to overcharge end-users to make a huge profit? Is it a dream to get into constant arguments on a domain blog? Do domainers fall into the dream bracket? They make a nice profit on astral property. Domain names are like an astral being in an astral world.
The end-user creates value in domain names. They overpay for domain names to build their business. End-users make miscalculated purchases to make elite domainers more rich, while rejecting those with good domains and a need to sell them to survive. Businesses will never reward a poor person. They don't like the competition. A poor person with an idea is a competitive threat.
The next time you want to sell your domain names, be realistic about the prices. Setting high prices may cost you many domain sales. Buyers will change their mind in an instant, never replying back again to your e-mails. That's a fact. The first rejection ends up the last contact all because of a high price that is negotiable. It's acceptable for elite domainers to ask extraordinary prices, but a private domainers is looked at as being unethical to profit from them.
If you want to live a domain dream (I don't think anything in domaining constitutes a dream), then go right ahead and jump in the shark infested pit. The domain industry, online companies, and businesses are rooting against you to keep you down. Businesses find it hard reward people who can register or buy random domain names to make a huge profit. There is something unholy about the entire domain name process.
If you want to live a real dream, buy a domain name to develop into a popular Web site that commands attention. In the long run, you will be considered a person who accomplished a dream (i.e.
MyYearbook.com). Playing around with little domain names to flip is a waste of time. Calculate the amount of time you invested, and you can earn more working at a fast food restaurant.
I have a dream. I planned long ago to become a successful screenwriter. I also have dreams related to my domain names. They don't involve selling domain names to other companies. That is more of a business goal. I already own the domain names to make that dream possible. My domain and career dreams are interrelated, though they were unplanned in the scheme to attain the dream. I've be watching the lighthouse from the distance. My question is: how do I reach the lighted dream under intense circumstances?
What is needed to get to that location - the dream? I need to make money. We're not talking about making an hourly wage driving a bus or working as a server. I've worked as a server all through college. The money I need to make involves accomplishing a dream. No average job will help me pay off 6 figure student loan debts or to survive in the current moment. Did my dream set me up for failure? I don't believe it did.
Domain names will not help me reach financial success. You need money to become a successful domainer. A new domainer should never enter domaining as a means to better improve on their living situation. You will miss out on all the great domain deals. Domain auctions are too risky because there some end-users who lack control - they will overpay to win a domain in an auction. I talked to these business owners that admitted having a trigger finger in driving up the prices.
How can you make a profit competing in an auction? You might be going against Frank Schilling and other domainers with deep pockets. Stay away from auctions until you are ready to spend. Don't buy a domain name just because
DomainShane.com suggests such sites are great deals.
Make your own decisions. Should you purchase a coin site to make revenue on eBay? Will an education domain make you good PPC? Can you build a web directory that businesses will pay to get listed on? Is there a domain gem sitting around that you know is an easy flip? Domain newbies buy hundreds of domain names and list them on domain blogs. The majority of time the domain blog owner will reject these domain names. They lack quality.
What is quality? Dot com is a good start. Descriptive and high searches are a good quality indicator. Category killer names oppose the notion of high searches such as
EliminateDebts.com, mainly because the economy is increasing demand for debt consolidation and financial relief. Descriptive dot com and dot org job domain names are of quality. Dot com service domains targeting a specific industry are of quality. One word dot com in a popular niche are of quality. A domain name such as
Animator.com,
Animators.com,
Animation.com,
3DAnimaton.com,
FunGames.com,
OnlineGames.com,
ResumeFormat.com, and
YouSuck.com (saved the best for last to those challenging me on not understanding quality) are of quality.
Quality doesn't matter when a domain name such as
BoatingIndustry.com and
Service4U.com make big sales. These domain names sell due to previous businesses building value into the name.
Boating-Industry.com purchased
BoatingIndustry.com for $25,000 when all extensions were available to purchase at registration cost.
Service4U.co.uk built value into their dot com counterpart. Companies go out and build a brand with another extension, or a hyphenated domain name, and then are forced to pay exuberant prices to acquire the dot com. That's what I call poor decision making, improperly implementing Porter's Five Forces to prepare ahead of time.
I may not be living my dream right now. When you plan your dream, the dream never happens quick enough or never at all. Then, there are those who fall into dreams by accident. While I'm struggling to make a living and to accomplish my dream, maybe you can take my domain tips to go after your dream. If I can't live my dream right now, don't think it is impossible to live yours. Anything is impossible in the domain industry. There are many successful people.
Nonetheless, I would rather accept the Academy Award for the Best Original Screenplay than to duplicate the success of the top 5 domainers in the world. I want my dreams to inspire other dreams. The domain industry is a pipe dream that rewards a small portion of domainers, while keeping out those that have the potential to become successful (i.e. the dot .co application to secure generic names and the next xxx). Domain names can make a dream. If a domainer sets the right goals that are bigger than flipping domain names to make chump change, their dreams are possible.
Many good companies that have great ideas are held back from delivering a great service in result of top domainers asking a fortune for their domain names. Rejected offers continue until the end-user has to invest much more than they originally planned. I don't feel any pity for end-users. There are many end-users that are unprofessional and the lack the business ethics to deal with people beyond their space.
In the domain industry, you will find all sorts of diverse people. It reminds of car sales people; they claim they took the sales position in result of failing at everything else. Why enter the domain industry as a failure? Money always seems to be key. Domainers seek to maximize their profit at all costs. Delivering innovative ideas to fruition are the real dreams that deserve respect on the net. Don't allow other domainers to get in the way of your dreams. Thanks for reading.
