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Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by ghettodreamz(m): 8:39pm On Aug 28, 2014
@2Sexy

I just lost 3 good names at the auction. Mehn, painful, wasted a whole lot of hours watching the domains, very fierce and I was outbid several times. Long story short, all the whole hours wasted.

Surprisingly, guys are bidding at ridiculously high price, and it seems the system also played a foul one on me. Many a times, the time is almost running out with less than few seconds, setting a new bid, hoping to be the highest and last bidder, but before I could say yay!, there is an increment on the timing, this happened repeatedly until I got tired, and thought maybe it's an inside manipulative way of making the buyers pay more for the domains. embarassed

Finally, the other guy won it. BETTER days ahead. cheesy

2 Likes

Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by ghettodreamz(m): 10:04pm On Aug 28, 2014
2sExy1: Selling domain names for a living is what we all dream about doing, is it not? To quit our day jobs and become professional domain name investors is the ultimate dream for a lot of us, if not all of us. I am here to tell you that it’s possible! I will tell you my story, my methods, my tactics, my ups and downs, and the failures that lead me to become a a profitable and successful domain name investor.

Flippa Super Seller

So who am I? My name is Ali Zandi, I am a Flippa Super Seller (KCGroup). Much like many domain name investors, my first domains were complete garbage. My first set of purchases were $2,000 worth of hand registered GoDaddy names. I was so excited to start selling these brilliant names(at least at the time I thought they were) that I didn’t even do any research. I made an auction account, paid the listing fees, wrote a couple words about how “premium”the freshly registered names were and waited around hoping someone would see the value. Well, no one did. Why? Because they had no value to anyone but myself.

So what makes a domain name valuable? That’s a question I hear all time and truthfully, its a loaded question. There are numerous indicators of domain name value. The answer you tend to hear most is “What someone is willing to pay for it”. I think thats a loaded answer too! To me, the age of the name plays a huge role. I find that more often than not, the older the name, the better the quality and the less gimmicky the name is. Following the age, I look at the keywords in the domain. Do they have search volume? A high CPC? Are they brandable? Pronounceable? I do the “radio test”on all of my domain names; If I were to advertise this domain on the radio, would my listeners get it? Could they spell it right? Do I need to spell it for them over the air? Is it memorable? How many ways are there to spell it? How many ways are there to pronounce it? That is just the first two things that go through my head.

The next thing I do is Google the keywords. What shows up? What kind of businesses are their utilizing these keywords in their content? Who is paying for ads for the keywords? How much are those ads costing them? I move from their to the “if this were my business”test. I ask myself, if this were my business, would I be proud to own the name? Would I place it on all my merchandise? Would I wear it like a badge of honor on my t-shirt? Business cards? Would I tell my grandmother about it? From there, I go to the ultimate test, would I spend $500 advertising this domain name? Better yet, if I were an enduser, would I spend at least $10,000 on this name? If there is even an ounce of hesitation when it comes to answering that question, I move on from that name and never look back. After all, selling a domain name is all about exposure and profitability.

Now that I’ve spoken bout what makes a domain name valuable to me, I’ll talk about the tactics and strategies I’ve learned, designed and utilize to make a living selling domain names. For me, I have found that Flippa is the ultimate platform to sell to other investors. To others it may be somet other platform but Flippa works for me and “if it ain’t broke, don’t fix it”. In my opinion selling domain names is like selling a car. If you sell cars, you can’t just sit behind your desk and tell the customer “this is a red car, its a premium car, buy it.”and expect to run a profitable dealership! You have to take the customer on a journey, give them a narrative, get their minds and hearts involved. You put them in the car, let them drive it. Show them how great it feels, how smooth it rides, all the features it has. “Smell that leather? You could wake up every morning to the scent of luxury.”You get involved, you bring them into the dream and let them live it through you. Before you know it, they see what you see, they want what you have. Not because you made it up, but because you made a believer out of them. That is the reason I sell domains, because I take you on the journey I took myself when I acquired the domain. I love all of my domains, I am proud to own them. I would wear every single one of them like a badge of honor and the best part, they keep getting better and better. My other strategy is to offer incentives, everyone likes incentives!

Right back to the car sales analogy, sometimes people are on the fence about the car and all it takes is a couple free oil changes and details to get them to buy. So what do I do? I offer more domain names. Recently, one of my auctions was at $3,000 with the reserve met, I added another 20+ names to the auction and sold it within a few hours for $7,500. Another example, one auction was at $999 with the reserve met, I added a few more names and sold it for $2,100. There is always room to extract by way of offering more. To make a living from domains, you have to do what others won’t, be better than the rest, offer more information, better descriptions, better domains, more incentives. Be better than the best. Make people WANT to buy from you. Make them excited that you have another auction up because they know “this guy always adds domains at the end of the auction!”or “His descriptions are always on point”, “He has the best domains”, so on. Make them a believer in you, make them trust you and there will be no limit to your success.

Now, I tend to acquire a lot of domains that my fellow domain investors didn’t know were on the market. So what does it take to find these names? Well, I tell myself this every morning when I wake up at 5am “If the billionaires work 19 hours a day, i’m working 20 hours a day”. I live by that. I have a frame of my goals up on my wall, I read them every morning. I get my coffee and I start my research. I spend countless hours everyday reading blogs, watching videos, getting updated on recent sales reports, sorting through hundreds of thousands of names, researching their stats, comparable sales, comparable unsold names, I speak to my buddies, get opinions and then I acquire my names. I have a 10:1 research to purchase ratio. That means for about every 10 hours of research I do, I acquire 1 domain name. Sometimes, I see a name and don’t even need to research it, I just know (but that comes over time). For now, research, research, research!

To get an idea of the types of names I am selling visit our Flippa profile KCGroup, read through our listings, check out the stats, see the amount of work that I put into delivering only the highest quality listings to the Flippa marketplace. My advice to you, spend some time researching, look at as many domains per day as you can, much like poker the more hands you look at the more likely it is you’ll see premium hands. Watch as many Sherpa videos as you can, read notable blogs like this one and pay attention to who you get advice from and most importantly, see what the successful people are doing and do the same thing…just a little better than them and before you know it, you’ll have your own full time domain name investment business!
- See more at: http://morganlinton.com/guest-post-inside-the-mind-of-a-flippa-super-seller/#sthash.3mQXTs0B.dpuf

Research is key here, amongst some other factors that play some good parts in domain acquisition and selling for profits. Literally, I've spent several hours on the puter perusing a long spreadsheet of dropping names, had some names backordered that I had to monitored closely, ended up not getting them, as the catcher blew it up missing some names, one was caught but I wasn't the only person who'd backordered it, now it's in auction and have to wait few more days to see how it goes. I was left with no other option but to go into live auction and try luck on other names, good and valuable names, one went far higher than what I had budgeted I wanted to risk it and commit more finances to it, quite unfortunate I lost it, because something went wrong along the way.

To become great in life, is not a day's job. embarassed

This phase shall pass, more better days ahead smiley

Lest I forget, there is power in numbers, starting out requires spending thousands of dollars, and lot of patience to find a good buyer to buy at killer price, but can one person do it alone? Yes, and No. And that's why a lot of domainers form a group and contributes capitals for acquisitions, thus becomes a win-win for everyone. I wish Nigerians domainers could follow suit, but that's a herculean task, story for another day.

It's been a long day, it's already past my bedtime, gotta sleep now, work resumes again in few hours. embarassed

See you at the top.

1 Like

Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by oladayo042: 8:50am On Aug 29, 2014
ghettodreamz: @2Sexy

I just lost 3 good names at the auction. Mehn, painful, wasted a whole lot of hours watching the domains, very fierce and I was outbid several times. Long story short, all the whole hours wasted.

Surprisingly, guys are bidding at ridiculously high price, and it seems the system also played a foul one on me. Many a times, the time is almost running out with less than few seconds, setting a new bid, hoping to be the highest and last bidder, but before I could say yay!, there is an increment on the timing, this happened repeatedly until I got tired, and thought maybe it's an inside manipulative way of making the buyers pay more for the domains. embarassed

Finally, the other guy won it. BETTER days ahead. cheesy
I'm sorry for your auction experience. This experience is not unique to you; this is what a lot of people face everyday in the aftermarket. The aftermarket is now very competitive because domainers have realized that it is the best place to get quality names.

There is nothing manipulative about the 'auction time reset' (I've forgotten the standard name for it); it is a way of getting the most value out of every auction. The rule is that: "every bid in the last 5 minutes of an auction adds more 5 minutes to the auction." Many auction houses use this rule. Now imagine that you are the owner of the domain being auctioned. Applying this rule gets you maximum value for your domain.

Wishing you better days ahead.

3 Likes

Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by ghettodreamz(m): 9:17am On Aug 29, 2014
oladayo042: I'm sorry for your auction experience. This experience is not unique to you; this is what a lot of people face everyday in the aftermarket. The aftermarket is now very competitive because domainers have realized that it is the best place to get quality names.

There is nothing manipulative about the 'auction time reset' (I've forgotten the standard name for it); it is a way of getting the most value out of every auction. The rule is that: "every bid in the last 5 minutes of an auction adds more 5 minutes to the auction." Many auction houses use this rule. Now imagine that you are the owner of the domain being auctioned. Applying this rule gets you maximum value for your domain.

Wishing you better days ahead.

Yes, rightly put bro, I've never patronized the aftermarket auction before. We learn everyday, so life does goes on.

Thanks for the good wishes, same back at you.

It is well.
Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by Nobody: 3:00pm On Aug 29, 2014
ghettodreamz:

Yes, rightly put bro, I've never patronized the aftermarket auction before. We learn everyday, so life does goes on.

Thanks for the good wishes, same back at you.

It is well.
sure... The experience was well worth it. at least you now know how that section works.
Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by Nobody: 3:00pm On Aug 29, 2014
oladayo042: I'm sorry for your auction experience. This experience is not unique to you; this is what a lot of people face everyday in the aftermarket. The aftermarket is now very competitive because domainers have realized that it is the best place to get quality names.

There is nothing manipulative about the 'auction time reset' (I've forgotten the standard name for it); it is a way of getting the most value out of every auction. The rule is that: "every bid in the last 5 minutes of an auction adds more 5 minutes to the auction." Many auction houses use this rule. Now imagine that you are the owner of the domain being auctioned. Applying this rule gets you maximum value for your domain.

Wishing you better days ahead.
where have you been. do come out from that place biko.
Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by Tekkyboy(m): 3:18pm On Aug 29, 2014
@2sexy thanks for that post ,much lesson learnt from the guy's write up
Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by Nobody: 3:26pm On Aug 29, 2014
I registered dotcomnaija.com and wanna sell it ASAP. Someone wanna help? Or someone gonna help me run a blog on it?
Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by Nobody: 4:48pm On Aug 29, 2014
sthenry1402: I registered dotcomnaija.com and wanna sell it ASAP. Someone wanna help? Or someone gonna help me run a blog on it?
it does not work that way.
Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by Nobody: 9:50pm On Aug 29, 2014
ghettodreamz: @2Sexy

I just lost 3 good names at the auction. Mehn, painful, wasted a whole lot of hours watching the domains, very fierce and I was outbid several times. Long story short, all the whole hours wasted.

Surprisingly, guys are bidding at ridiculously high price, and it seems the system also played a foul one on me. Many a times, the time is almost running out with less than few seconds, setting a new bid, hoping to be the highest and last bidder, but before I could say yay!, there is an increment on the timing, this happened repeatedly until I got tired, and thought maybe it's an inside manipulative way of making the buyers pay more for the domains. embarassed

Finally, the other guy won it. BETTER days ahead. cheesy
The only tging i can say is grin grin grin grin grin grin
Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by ghettodreamz(m): 10:00pm On Aug 29, 2014
2sExy1: The only tging i can say is grin grin grin grin grin grin

Sup bro, how is it going?

How life?
Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by Nobody: 10:18pm On Aug 29, 2014
ghettodreamz:

Sup bro, how is it going?

How life?
life dey o. we dey push am small small.
Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by Nobody: 11:02pm On Aug 29, 2014
ghettodreamz:

Sup bro, how is it going?

How life?
Snapnames is wizard. BuyCopters smiley com
Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by ghettodreamz(m): 11:10pm On Aug 29, 2014
2sExy1: Snapnames is wizard. BuyCopters smiley com

Are you in an auction?

Being going through list of expiring names searching for goldmines bro. cheesy

I caught a name, but currently having ish with initiating payment using my bank card embarassed embarassed

Have to work into the bank tomorrow lipsrsealed
Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by ghettodreamz(m): 11:14pm On Aug 29, 2014
2sExy1: Snapnames is wizard. BuyCopters smiley com

Wow!

Congrat bro.

Nice one... That's it.

Ama leave dropcatch soon, then enroute to Snapnames smiley

Have lost golden names to Dropcatch for their leniency and incompetency.

I've to sort out my bank card issue ASAP, so I can enjoy the beauties of both worlds. grin

Don't forget me in your kingdom when thou shalt found a rich buyer ready to grab that name at a killer price ooooo grin grin grin
Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by Nobody: 11:30pm On Aug 29, 2014
ghettodreamz:

Wow!

Congrat bro.

Nice one... That's it.

Ama leave dropcatch soon, then enroute to Snapnames smiley

Have lost golden names to Dropcatch for their leniency and incompetency.

I've to sort out my bank card issue ASAP, so I can enjoy the beauties of both worlds. grin

Don't forget me in your kingdom when thou shalt found a rich buyer ready to grab that name at a killer price ooooo grin grin grin
dropcatch? na only you waka go? Bro, I force myself on this one o. I hope it sells soon. do you know companies that sell copters?
Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by ABUCHEJI: 12:45am On Aug 30, 2014
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Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by ABUCHEJI: 1:26am On Aug 30, 2014
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Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by oladayo042: 10:58am On Aug 30, 2014
2sExy1: where have you been. do come out from that place biko.
I still dey the village where NYSC put me o; the same way they did to you. I no dey get network to browse when rain is falling or about to fall. I will be out of here in October. Thanks for asking.
Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by Nobody: 11:05am On Aug 30, 2014
oladayo042: I still dey the village where NYSC put me o; the same way they did to you. I no dey get network to browse when rain is falling or about to fall. I will be out of here in October. Thanks for asking.
eyah.. kpele. i know how it feels like. When I dey talk that time, una no believe me lol. it is like being incarcerated angry
Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by doffman: 6:01pm On Aug 30, 2014
ghettodreamz:

Research is key here, amongst some other factors that play some good parts in domain acquisition and selling for profits. Literally, I've spent several hours on the puter perusing a long spreadsheet of dropping names, had some names backordered that I had to monitored closely, ended up not getting them, as the catcher blew it up missing some names, one was caught but I wasn't the only person who'd backordered it, now it's in auction and have to wait few more days to see how it goes. I was left with no other option but to go into live auction and try luck on other names, good and valuable names, one went far higher than what I had budgeted I wanted to risk it and commit more finances to it, quite unfortunate I lost it, because something went wrong along the way.

To become great in life, is not a day's job. embarassed

This phase shall pass, more better days ahead smiley

Lest I forget, there is power in numbers, starting out requires spending thousands of dollars, and lot of patience to find a good buyer to buy at killer price, but can one person do it alone? Yes, and No. And that's why a lot of domainers form a group and contributes capitals for acquisitions, thus becomes a win-win for everyone. I wish Nigerians domainers could follow suit, but that's a herculean task, story for another day.

It's been a long day, it's already past my bedtime, gotta sleep now, work resumes again in few hours. embarassed

See you at the top.

Let us donate 20k each to achieve that aim.
But don't let us be in rush.thank a good domain are always there in sedo to buy.
Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by Nobody: 10:07am On Aug 31, 2014
oladayo042: I still dey the village where NYSC put me o; the same way they did to you. I no dey get network to browse when rain is falling or about to fall. I will be out of here in October. Thanks for asking.
Hwfa?
Have You started using Your payoneer card? Biko how's their charges like?


This will be the 2nd time I will order for the card and Nipost will swallow it.


Thinking of paying d $60 DHL fee 2moro, hope its worth it oo
Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by oladayo042: 12:31pm On Aug 31, 2014
madridfc:
Hwfa?
Have You started using Your payoneer card? Biko how's their charges like?


This will be the 2nd time I will order for the card and Nipost will swallow it.


Thinking of paying d $60 DHL fee 2moro, hope its worth it oo
I dey bro. I am yet to use my Payoneer card on any ATM in Nigeria. This is because of the new CBN policy which states that: 'banks should destroy all ATM cards (apart from the bank's own) that get stucked in their machine'. I just can't stop thinking it may get stucked in an ATM machine. I don't have the $60 to request for a replacement card.

I withdraw my funds through @Arbitrage at N150/$. 150/$ with a peace of mind is better than a risky 165/$ (banks rate). Payoneer charges $3.15 per ATM withdrawal and $1 for checking your account balance on an ATM.

I have also used the card successfully on every site where I work online, even on sites that doesn't accept payment from Nigeria (e.g. BrandBucket). I just change my billing address to US and it works fine.

1 Like

Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by Nobody: 12:43pm On Aug 31, 2014
oladayo042: I dey bro. I am yet to use my Payoneer card on any ATM in Nigeria. This is because of the new CBN policy which states that: 'banks should destroy all ATM cards (apart from the bank's own) that get stucked in their machine'. I just can't stop thinking it may get stucked in an ATM machine. I don't have the $60 to request for a replacement card.

I withdraw my funds through @Arbitrage at N150/$. 150/$ with a peace of mind is better than a risky 165/$ (banks rate). Payoneer charges $3.15 per ATM withdrawal and $1 for checking your account balance on an ATM.

I have also used the card successfully on every site where I work online, even on sites that doesn't accept payment from Nigeria (e.g. BrandBucket). I just change my billing address to US and it works fine.
Hmm, their is God.
Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by ollybode(m): 9:31am On Sep 03, 2014
Good morning everyone, i want to appreciate the efforts of those who contribute immensely on this thread. I just stumbles on this thread weeks ago, and I have been reading from post to post through the inception of the thread to the end without contributing and asking question,I took the pain to read within the lines because i want know more about domain business,
and the contributions in here had gingered me to do more reach on mai own, what an hectic task I may say, but I enjoyed it in fact i ave gained a lot ,and for this, i say thank you to 2sexy1 & co.


I notice this thread is dry for the past 2 to 3 days, pls biko, all the ogas in the house come ohhhh, newbies like me have one question or another to ask u oooo, i beg con teach us how to fish.

And I will like to share an ebook i came across while i was researching(for the sake of those that are still new in this biz), if i will be permited to upload it here. waiting for the permission of mai ogas b4 i do that. thanks
Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by Nobody: 2:46pm On Sep 03, 2014
Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by ollybode(m): 5:41pm On Sep 03, 2014
Hi 2sexy1, am glad u surface on the thread, i will like to solicit for ur help if u wl be of help to me. pls i will b happy if u can drop u email.mine is oluwayomi33@yahoo.com hoping forward to hear ur response.
2sExy1: https://flippa.com/3185876-massive-open-online-courses-big-exact-keyword-domain-in-huge-educational-trend
Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by Chibenze(m): 7:16am On Sep 04, 2014
Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by Nobody: 8:34am On Sep 04, 2014
ollybode: Hi 2sexy1, am glad u surface on the thread, i will like to solicit for ur help if u wl be of help to me. pls i will b happy if u can drop u email.mine is oluwayomi33@yahoo.com hoping forward to hear ur response.
i will attend to you when I have the time. Be patient... I have too many irons in the fire.
Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by Nobody: 8:36am On Sep 04, 2014
Chibenze: lol. That domain is long oh (length)
what you see there is great emerging niche. One dude at namepros has sold varieties of the acronym... Mooc i think the last one he sold was imooc.com to a Chinese buyer at $5000

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