Posted tagged ‘domains’

DomainingMojo will return soon

February 26, 2011

DomainingMojo will return with plenty of quality content. Please read past articles in the archives, and also check out DomainNameMojo.blogspot.com for current content.

I have to figure out how to fix the submit button on this blog. I really like the simple Apple feel of this blog. WordPress is definitely of quality.

Most visitors can leave comments, whereas Blogger creates some obstacles. When I do return to writing on the blog again, ill definitely prepare the same quality content.

Also, visit DomainMadness.Wordpress.com for past articles.

DomainNameMojo.blogspot.com for current articles.

I’m currently a writer on DomainSherpa.com.

Thanks. Will return back to DomainingMojo.

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Sample Craig’s List Ad that Produced a Sale in New York City

January 29, 2011

The following advertisement that was placed in Manhattan found a buyer, which visited the domain on Sedo to purchase the domain. Since then, I made some adjustments on my sales approach to refer buyers to a third part domain sales platform. The sales pitch was prepared during the learning stage.

The original ad is below to show you an example of what the buyer used to make a decision.

Sales Tip

January 26, 2011

When you contact an end-user, never share any of your personal problems. Don’t give the buyer any leverage to reduce the price. You control the sale.

I made past mistakes with sharing the reason I needed to make a sale, or introduced too much information that influenced the sale and or the price.

The buyer will use your situtation to their advantage. Not to all buyers operate in that manner, but you have sell like you’re playing poker.

I tend to watch Poker After Dark with Leean Tweedon. The top poker players in the world are calm, cool, and collective. They can sometimes have the worst hand, but their face will never show it. The poked player has a 0% chance to win the hand, though they still win the round with less.

You have to use the same confidence to sell domains. Don’t bring your emotions, problems, and past failures into the sale. Focus on making that one sale. Bring your domains to the table, and deal every sale like a hand. Good luck.

A few positive things to take from 2010 into 2011

January 16, 2011

My 2011 domaining is off to a good start. I have one negotiation which is close to ending soon. A high traffic company replied back to express interest in a cover letter domain specific to their services. These two cover letter domains are going to produce sales in the next week. Furthermore, CollegeDegreeDiploma.com scored 6 ad clicks in the past few days. The clicks produced $25. Education and resume domains are performing well.

Because of the anticipated cover letter domains sales, I will be able to cover the cost of registration for all my resume and cover letter domains. I consider the cover letter purchases to be a positive decision. I still have dozens of resume and cover letter domains available for sale. The two cover letter domains are quality domains that I’m sure the end-users will use to improve their performance. I’m not worried about selling the domains because I own many more.

CollegeDegreeDiploma.com is the biggest surprise of 2011. According to Estibot and Valuate, the keywords are only searched 170 times per month. When I first purchased the domain, the averaged 400,000 keyword results. Since then, the average keyword results are now at 1,690,000. The CPC is at $7.12, which is highly competitive in its category. I always knew this domain would perform the best.

You don’t need to find domains with more than 1,000 local monthly searches. Frank Schilling own DegreeDiploma.com, which I’m sure he scores some nice parking revenue. The difference between the two parking platforms is that Why Park has content, whereas DegreeDiploma.com operates on the parking account. Those who claim domain parking is dead are not trying hard enough to find the right domains. You have to assess the market to determine what is popular.

My most popular domains are resume, cover letter, education, and jobs. I stocked up all product and service domains, as well. Find highly competitive CPC domains in the fields I mentioned above, and put up quality content to generate traffic to your domain. Why Park is an excellent platform that gives you many options to make revenue. You can build a web directory, use shopping apps, music apps, and generate ad clicks based on the domain’s keywords.

I’m amazed that my cover letter domains are generating attention. Many resume domains are performing good, but are not as successful as the education domains. Education domains are competitive because there is high demand for online education. Why Park provides you with the tools to find traffic. All you need to do is keep visitors on your website. Don’t share too many links that will reroute them to another location, unless you’re using an affiliate program, or another website that can make you revenue. The goal is to keep your visitors coming back. It is well worth your time to write education articles. Share your personal experiences, or conduct research on various degrees and programs.

Resume and cover letter domains are going to be very popular this year. I sense I will make a dozen more sales. I plan to prepare additional content and build more web directories to make revenue. Domaining is essentially buying and flipping domains in the shortest time possible with incurring registration fees. 200 of my domains are expiring in two weeks. However, I don’t mind if they do, but I will continue to look for buyers. If I have to sell the domains cheap, I will to at least make back the cost of registration.

The domains that are going to expire are mostly NYC-related. I sold 11 taxi domains back in the Summer, which targeted New York City. I made enough to offset the cost of these domains. I have the NYC domains and a few others that I don’t plan to renew, but then I have others that I will need to assess to determine their performance. I know that I will probably renew DeliciousThaiFood.com, BelieveInEnergy.com, CakeGalore.com, RingsDb.com, NYCSinglesClubs.com, DripPainting.com, DripPaintings.com, EnglandNew.com, PursesCoach.com, ScriptReader.net, and a few others. These domains have performed well enough to keep.

I will tough time trying to determine which domains to keep or let drop. It all comes down to performance. I won’t have any problems with my job, hotel, Suisun City, education, and resume/cv/cover letter domains. This is the first time I faced a decision with renewals. I recently renewed Venezia-ABC.com, which is a domain I won on a Go Daddy auction. I couldn’t let the domain drop because it is the only one I won in an auction.

I paid $175 for Venezia-ABC.com. The domain once produced nearly 2,000 unique visitors per month, had a Google Page Rank #2, 2,000 backlinks, and 17 sites that link in. Sedo’s price suggestion recommended the price to be set at $2200. I have no idea what type of website it once was. I had little experience with domains at the time. However, I did purchase various domains that enabled me to make future sales. I thought WebsiteOutlook.com provided me enough information to make a good investment. I assumed I could make $3.50 per day on ad revenue.

As I learned more, I knew that maybe I should have let others beat me in the auction. In my opinion, Website Outlook is a quality tool for an established websites, but the appraisal platform has some difficulty with appraising keyword domains, as well as newly registered domains. The appraisal platform is only a tool, and not a means to determine a domain’s worth. I don’t regret purchasing the domain, especially when it’s the only one that cost me above registration prices. 7Zoom is a similar domain valuation tool that provides quality performance stats, including unique visitors which is retrieved from Compete.com.

Estibot has helped and has impaired my judgment when searching for domains. If I never used Estibot, I would not be in the domain industry today. I found so many good domains on the drop. I located domains that I assumed would never be available. Name Boy tricked me into believing that hyphenated NYC domains were worth thousands. I registered a hundred NYC and Hollywood names because of that appraisal system. I don’t regret my mistake. I managed to register a few domains in the bunch that produced good sales later on. Because I valued jobs, movies, NYC, travel destinations, and taxis, I made a few good sales that kept me in the domain industry.

ResumeServices.co inspired me to register many resume, cover letter, and cv domain names. I found many that are searched more than 1,000+ times a month. Don’t avoid the domains that have less than 1,000 month searches. CollegeDegreeDiploma.com is now making good parking revenue. EmpireStateHotel.com, TicketNUB.com, LeatherManBags,com, and many others have made back the cost of registration. I feel that 1932Quarter.com was a great find. I value ResumeCampus.com, CoverLetterServices.com, ResumeCompanies.com, NursingCoverLetters.com, PhotographerResume.com, TherapistResume.com, VideoGameWriting.com, ScriptWritingJobs.com, and dozens of other domains.

I really don’t have a favorite domain yet. I wouldn’t sell CoverLetterServices.com and ResumeCampus.com due to my plans to develop them. The moment I land a one word generic domain, I will definitely put work into building the domain. I really believe Maniki.net and DeAnza.net will produce good sales. DesignerGloves.net, OrganicCandles.net, DesignerBras.net, and MagnifyGlass.net are good domains to score a decent sale. My hotel domains and job domains are going to do good, as well as all my Suisun City domains.

Parking is not dead. CollegeDegreeDiploma.com shows that a good education domains can score quality clicks. Why Park has a awesome platform to build domains into functional websites. If you haven’t used Why Park yet, you should give it a try. I’m definitely satisfied with the results. My domains will continue to produce traffic and revenue as long as I put work into uploading quality content. Even domains I put little work into are making revenue. You never know when you will find a good domain. It’s hard to make a decision to renew or drop a domain. I’m confident that I know what to do when the time comes in two weeks.

In retrospect, 2011 is going in the right direction. It’s only a matter of time before I find a good generic domain to build into a brandable website. Until that time, I will work with the hand I already have. I plan to bluff my way into winning a future domain jackpot. Education, resume, and job domains are good verticals to operate within. Focus on those areas, and also look for some .net product domains at the cost of registration to flip for a small profit. Never assume the good domains are gone. I find many that are unregistered. I don’t use drop tools or sites. I put in the work to type-in all the names I think will be popular. Good luck on domaining. Thanks for reading.

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.

Happy New Year 2011!

January 1, 2011

The next time you receive an email or a verbal reply asking for a domain’s price, give the potential prospect a price. Don’t give the buyer too much time to think about the purchase.

In no way am I an elite domain investor. I had to put in a ton of work to learn about the domain industry. I have enough experience to make buying and
selling decisions.

I mentioned that I would like to make a sale above $1k. I own a dozen domains, which I think will eventually sell for $1k+.

You can’t give buyers too much time to think. If you know the buyer, then it is safe to wait. Try and sell as
quick as you can to keep a deal alive.

It really depends on your domain portfolio and assets. This post is more for domainers who have selling questions.

I lost three potential sales to an end-user. Close a deal as soon as possible. You should supply detailed information to beginners. When experienced online companies and or domain investors contact you, reply back with a price.
Good luck!

Why would a buyer make a $100,000 offer on VisitBerlin.com?

December 31, 2010

Recent sales and offers continue to puzzle me. I don’t understand how a buyer will visit Sedo or any other domain platform, and then make an offer for 30+ times the value of a domain. There is no accurate tools to appraise a domain. However, Estibot and Valuate are reliable when a buyer or seller needs quick access to a price.

There are many posters on other blogs that reject domain age and stats as a criteria to set a domain’s value. Nevertheless, a newly registered domain is not going to find a home for $50,000. CamRoulette.com is a rare case ($152,000 after hand registration). A domain’s age is relevant to its value. Some will argue against a domain’s age as determining appraisal value, but they know it is an important factor to setting the price.

I know that end-users make huge offers. They have no idea how to find a domain’s worth. All I see is end-users paying top dollars to acquire domains that are nowhere near their value. World Wide Media recently turned down an offer on VisitBerlin.com for $100,000. Of course, I’m confident the domain is worth far more than Estibot and Valuate’s $3300 price point. However, I don’t think VisitBerlin.com is worth $100,000.

It’s frustrating to see a company trying to ask $200,000 for a domain, but then end-users turn down domains that are worth 6 figures. These end-users question a domain offered for $200. They turn around and pay several times that amount for a domain worth 10 times less than the purchase price.

End-users will reject domains because they don’t have enough knowledge to determine their market value. On the other hand, they will make insane offers on over priced domains. Posters may not agree with my assessment, but I know that it is well supported.

I don’t believe that any domain in the 2000′s is worth $100,000. CookingGames.com did manage to fetch $355,000. The Vancouver company that purchased the domain has experience with online games. I understand the reason they purchased the domain. Visit “region” are popular .com domains. Is VisitBerlin.com worth $100,000? $200,000? $300,000? The buyer that offered $100,00 must think the domain is worth $100,000. The owner is probably looking to get between $150,000-$225,000.

How do end-users know what prices to offer a domain owner? Without appraisal tools, there is no effective way to set a market price. Many mediocre domains are selling for high amounts. Such domains are not commonly searched keywords. They don’t deserve to be put into a premium class without any unique traffic, backlinks, and sites linking in. If the domain lacks performance stats, then it should at least have popular keywords.

My recommendation is to change all your settings to accept offers. If you set fixed prices, you’re selling yourself short. Read the DN Journal to determine what types of domains are selling. There has to be a way to make a sale above $1,000. I think asking $1000+ for a domain that appraises above that amount is fair.

You have to be direct when making sales. Don’t allow an end-user to place you in a passive position – to accept less money for your domain(s). If elitist domain investors are making a fortune selling their domains, then we also deserve to make those sales too. No disrespect to World Wide Media, but VisitBerlin.com is not worth $100,000. However, VisitNYC.com recently sold on Sedo for $10,000, which I believe is a domain worth 6 figures.

Good luck! Happy New Year! Thanks for reading.