This is the blog post I wished I?d have read 5 or 6 years ago.??This is the information that anyone who?s made a dollar with?domains already knows.
If someone would have been brutally honest with me, I?d have saved a lot of time and money during my process of learning about domain names.? I?m going to quickly go through many points, so here?s the list:
This is a good page to check out.? It is the top all-time domain sales (by price).? These are only the publicly reported sales - there are undoubtedly hundreds of private transactions that would have made this list:? http://www.domaining.com/topsales/? Why is this information valuable?? You can see what names are selling for big money.? You should aspire to acquire (hey, that rhymes) domain names that are like the ones on this link.? I know, you can?t do that right off the bat?- but I?ll tell you how to get rolling (below).
Buy .coms? don?t assume anything will ever take off like the .com.? YES, there is money to be made with other TLDs (top level domains), but you have to have impeccable timing and you have to take more risks.? .co and .me have really done well, but only a handful of people have made serious money with these extensions.? .com values are relatively stable (yes, they do go up and down with the economy) but the likelihood of you losing your entire investment is very low.? http://www.idnx.com/? this link shows how closely domain name values have tracked with the NASDAQ.? I?ve branched out and bought some .tv?s, .mobi?s etc.? One such purchase has been written off as a total loss of $25,0000.? It was an experiment / speculative buy of great magnitudes ? and I was wrong.? Live and learn.? Don?t do what I did.
When you start off, you won?t be able to buy category-leading one-word .com domains unless you have a significant amount of cash on hand.? So, to build up your capital you need to do some quick flipping.? The way I started, I bought domain names that had significant traffic, because I found those to be the most liquid.? I?d search public auctions? and seek out names with significant traffic.? These are easy flips because there will ALWAYS be a buyer for names with traffic.? WHY?? Because buyers can turn this traffic into revenue.? How?
Monetization.??Parking is the easiest way to make money with domain names.? If you?ve ever landed on a website and noticed it had nothing but advertising links, that?s a parked page.? www.Sedo.com, www.InternetTraffic.com, and www.TrafficZ.com are great parking places.? For the more skilled, I?d install WordPress and start writing content in order for the search engines to discover you.? Most hosting companies such as BlueHost.com (linked in the blue bar at the very top of this site) offer an easy, one-click installation of WordPress.? I cover the basics of how to SEO optimize your site here:? SEO BASICS?and why you need content here:? CONTENT AND SEO? Parking is the most scalable solution to monetize your names.? If you hate the look of a parked page, visit www.DomainApps.com and you can build little mini-sites loaded with cool features for free.
Quality over Quantity.? I mentioned this nearly 4 years ago in this bio:? http://www.dnjournal.com/cover/2009/september.htm? Nearly EVERY person who has made a dime with domain names admits their first (and main) mistake was registering 100, 500, 1000 random domain names, hoping something would stick.? It rarely does.? Your efforts and money are better focused in acquiring domains with traffic or one-word category-leading .com domains.
Buy names on the aftermarket.? Buy from owners, from auctions and on forums.
Read www.DNJournal.com for domain insights and learn from people at www.DNForum.com
And, please, use www.Escrow.com for medium and large $ transactions.? If you do not personally know the other party in your transaction, use this service.? It?s well worth it and something I needed to discover on day one as well.
These are just some basics.? There are more steps in the learning process, but this is valuable information that would assit anyone looking to dabble with domain name investing.
Trying to help?
- Aron
Source: http://symbolics.com/domain-buying-investing-and-monetization-basics-part-i/
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