Posted tagged ‘domain profits’

Contact end-users

January 19, 2011

Now is the best time to sell your domains. I’m receiving replies back to buy my domains. I have to remain anonymous on a pending domain sale, though I assure you the domain and the end-user are closely aligned.

Because I decided to invest into this niche, I was able to sell two domains in that category. I can’t name the domain that is pending a sale, but the company is gathering steam. Never back down on the price you want to sell a domain.

Show confidence in your sales approach. Communicate with the buyer to build trust. Don’t be afraid to ask a high amount, especially if you know the domain will be worth far more in
the future. Trust your instinct to find a buyer. Share the price once the buyer requests the amount.

I knew from the moment I acquired the domain that it would sell. I always find domains that are highly marketable. Some may question the domains I acquire, but they will understand the
purchase after a completed sale. The domains don’t have to be highly searched keywords.

Search for domains that contain an exact keyword match. Companies use these particular products or services to
promote their brand.

Out of respect, I won’t name the domain, the sales amount, or the company who is buying the domain. The sale complimented my intuition that a particular niche would make me
successful.vJob domains have already produced several nice sales. Taxi domains have returned a profit. Education domains are doing well with ad clicks.

This is the best time to contact end-users. Many companies are evaluating their past year to determine what is
needed to be successful this year. Their need to acquire domains definitely falls into their business plan.

I’m not surprised I sold this domain name, or another that will close in the next two days. I know these domains are excellent marketing tools, which I’m glad I invested into them. To find buyers, contact websites through their ‘contact us’ link to offer your domains.

Be confident, professional, respectful, and persistent. You will find a buyer
soon enough. I’m a confident seller. I learned to sell well through my past mistakes. Experience matters most.

Reading blogs that reported on rejected offers showed me that I could also make big sales. My sales are not high profile, but I think I’m successful as a domain flipper because I understand the market well enough to generate results. Once you grasp the selling
side, you can control your fate.

Buy names that are specific. Don’t look for nothing more than the exact product or service. It may be hard at first trying to find good domains, but you will have success in finding the best name to interest a buyer.

Selling domains is not as hard as it seems. You don’t need to go out and win auctions, or watch drop lists to find valuable domains. There are plenty of quality .com domains still available.

Don’t rely too much on blog posters, or
even blog owners to give you advice. I share my experiences to inform my audience what I think works. Take good advice to heart. Domain valuation tools and price suggestion systems are not the industry standard. A domain is worth what an end-user will pay for it.

I see many new domainers asking blog owners to evaluate their domain portfolio. They may be biased on what is good and what is bad. Trust your ability to develop your own buying and selling techniques.

Your intuition can help you to find the gems, and to make sales. Domaining is all about flipping domains in the shortest amount of time at the best possible price. Good luck.

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Selling is always at the center of attention – Don’t over price domains

January 13, 2011

I remember reading comments many posters left on domain blogs. The most popular question targets the selling side of domaining. Any person can purchase a domain name, but not everyone can sell a domain. One common problem I see is setting high prices on domains. Don’t overvalue your domains or you’ll continue searching for that first sale.

Domaining is like a game. The goal is to sell a domain to another end-user or person. Why should a buyer purchase your domain? World Wide Media, Frank Schilling, Rick Schwartz, and many successful domain investors can set high prices because they have super generic domains, as well as an established reputation in the domain industry. They own domains that can revolutionize the Internet. Hence, they can probably form their own registrar.

When I’m searching for various domain names, I usually land on Frank Schilling’s parked page. You’ll know when you reach a domain name owned by Frank. The domain’s letters are big, and the letters reflect on the bottom. Frank owns many quality resume and cover letter domains. Recently, he sold two generic resume domains to a popular resume company. One of the resume domains sold for 2.8 times more than the purchase price a few years back.

In two years time, the resume domain returned a nice profit. Schilling’s lottery.net was another major sale that netted him more than 5 times his initial investment. Many domain posters hang around on blogs to ask selling questions. They will list dozens of domains to ask for advice. It is a common cycle in the domain industry.

Thanks

New domain investors buy many domains without determining their market value. They’ll set high prices based on what they see on other domain sales platforms. For example, Go Daddy gives domainers the opportunity to list their domains as a premium listing for a small fee. On the landing page, I find that it is all too common for mediocre domains to have 4-6 figure prices. eBay is another domain platform where domain owners think people are clueless.

Who in the world is going to buy a domain for $50 million? If the domain is not business.com, then I don’t see anyone bidding on that domain. If you want to spend that kind of money, you will have to commission a Sedo broker, or another popular website to facilitate the deal. Domain investors complain about receiving insulting offers. I find that overvaluing domains creates high expectations. Even new domain investors searching for their first sale refuse to work with a buyer to sell their domains.

Domain valuation tools disrupt decision making. If a domain appraises for $30,000, the domain owner will want $50,000. The problem with making such an assessment is determining whether an end-user will pay half the amount to acquire the domain. The most exciting part of domaining is selling a domain. It makes you feel proud of your effort when you remain persistent throughout a deal to accomplish a sale. Furthermore, buying a quality domain at a good price is another gratifying experience. Sometimes, I question how a certain domain is still available for registration. I hand register 99.99% of all my domains. To be able sell domains is a rewarding process.

If a domain investors that hasn’t made their first sale continues to overvalue their domains, they will lack credibility. A domain blog owner that informs their audience they have obvious weaknesses in selling domains will lose trust in their fans. Selling domains is a challenge. It can be an easy as receiving an unexpected offer, or as hard as not receiving one reply to 100 e-mails. When attempting to sell domain, you can’t get discouraged. Trust me, selling domains can be dejecting. That is the reason many elite domain investors use domain brokers or companies to sell their domains. They own hundreds of thousands of domain names. There is no way they can sit at the computer to email thousands of end-users.

Domain investors have to be creative. Think of how businesses advertise their products and services. You never know when you will receive an offer to purchase one of your domains. You have to be ready when a buyer surfaces. Know everything there is to know about the domain keywords, niche and the market. Selling will always be at the center of attention. DN Journal is popular because people are interested in domain sales. The goal of domaining is to find quality domains to keep as long-term investments, or to resell in the aftermarket. Buying and reselling within a year can reduce overhead cost associated with renewals.

Separate Domains into Categories

January 8, 2011

Are you ready to sell your domains? Which domains do you plan to promote first? If you own hundreds, or even thousands of domains, it may be frustrating to determine which domains to offer at what price.

The best strategy is to categorize your domains. Separating job, resume, health care, product, education, service and other domains into categories will speed up your buyer search. Whereas, contacting buyers with your domain portfolio will attract some bitter people. Why?

There is a chance the potential buyer is probably jealous that you own various domains they overlooked. On the opposing side, maybe the buyer doesn’t like to pay good money for new domains. They prefer a moneymaking domain than to invest time and money into less established domains. Revenue domains are domains with quality backlinks, target a highly competitive niche, GPR (Google Page Rank), high CPC (credit, education, law, insurance, and etc), and high unique traffic. A domain’s age is also an important revenue indicator. If you own such a domain, find end-users that have deep pockets.

Don’t waste your time with small companies that make excuses as to why they can’t pay an x amount for a domain. I come across too many frugal companies trying to take advantage of domain investors who are in need of money. Never introduce a problem that will give the buyer an edge. Keep your problems out of the negotiation process. Know what price you want. Don’t buckle under pressure. Waiting for the buyer to respond is an excellent strategy to make a sale. Excessive calling and sending too many e-mails will demonstrate your eagerness to sell your domain(s). Buyers will use your personal problems to their advantage to reduce the price. Don’t give in. I have experience with such events, knowing that my financial issues weaken potential sales.

Selling domains is a psychological game. I once told that I can’t take part in domaining with my financial distress due to my education expenses and high living expenses. However, I still continue to buy and sell domains. Sometimes selling a domain is an effortless process, and then there are moments when it’s a game. Moreover, an end-user may wait to reject you in order to pick your brain for information. Don’t share too much information. You can answer basic questions, but hold back on providing advanced techniques and strategies.

Separating domains into categories will help you to focus on niches. Instead of trying to sell one domain at a time, you can offer entire categories at a time. Good luck.

Got my first web directory listing for CoverLetterServices.com

December 14, 2010

I received my first web listing from one of the most recognized Resume Service companies in the United States. The owner signed up for a web directory under Resume Service on CoverLetterServices.com directory.

The resume service company also provides resume service discounts for students who graduated college, and are now looking for a job. I was persistent on contacting the owner. Professionalism and respect go a long way in the business world.

When you use the web directory app on Why Park, don’t wait for a company to add a listing. You need to go out and contact companies to list on your website. If you contacted the person before to sell a domain, tell them you own a website and recently set up a website directory to give companies the option to get listed.

The monthly listing revenue will cover the cost of registration for the domain in the first month. I’m going to have my friend design a logo for coverletterservices.com. In addition, I will find cover letter and resume samples and examples to put up on the website.

If you haven’t already, sign up for Why Park. There are many ways to make revenue with your domains there. Check out the Resume company that got listed under the Resume Service section.

I assure you this resume listing is an elite resume company with a strong web presence. I urge you all to be proactive with your domains. Lease your domains to companies, set up web directories, and use affiliate programs to make revenue. Thanks for reading.

CoverLetterServices

Try WhyPark today to make revenue. Click on WhyPark above. Good luck!

Tried to sell another premium domain again today

December 8, 2010

I called several dozen companies to offer a service domain worth 6 figures. I can honestly say it is much harder to push quality generic domains than to sell least expensive domains. I tried many techniques to entice end-users to purchase the domain.  

After investing an entire day trying to find a lead for the day, I determined that calls are 100% ineffective. There is zero chance to sell a domain through cold calls. I knew beforehand that businesses treat cold calls the same way we do spam mail. I don’t mind the rejection, even though businesses never respond, or they outright reject generic domains based on their prices.

Never complain about your least expensive domains because they have a better chance to sell than high quality domains. It’s not that premium domains are less appealing. Companies are unwilling to invest a significant amount of funds into a domain they think will not help them build their company. 

Sending e-mails and making personal contacts are the best ways to make a sale. Always keep in contact with past buyers and friends to expand your social circle. Make sure you send them a note from time to time. You never know when one message may be an opportunity to sell your domains. 

Good luck