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The Domain Portfolio Guide

“Domain names and websites are Internet real estate. ” 

Marc Ostrogsky

“A domain name is your address, your address on the Internet. We all have a physical address; we’re all going to need an address in cyberspace. ”


Bob  Parsons

THE KNOWLEDGE

Knowledge Is Power When It Comes to Your Domain Portfolio

A wooden background with a key and torn paper with the phrase “Knowledge is Power” Domain Portfolio concept.

When was the last time you looked at your domain portfolio? Did you find any domains that weren't making a profit? 


Are your domains accumulating dust? If so, join the club, because quite a few domainers have a few unused domains in their portfolio collection.  

Maybe you thought that you could flip those domains quickly?  Instead, you haven’t received any offers from end user or other domainers.


If you want to capitalize on buying and selling domain names on the internet, then you should gain some knowledge about the world of domaining.

People who are making money online seem to have a solution to just about everything, and only a short list of any of those solutions seem to work.  


Although so, their intention is to spread helpful domaining advice.  Thus, you have to take any advice with a grain of salt, until you try the suggestions out for yourself.


In any event, this article is for newbies or anyone interested in gaining some extra tips in regards to their domain portfolio.  


It is my goal to offer some helpful business advice, information, processes, and anything else that I can think of to help fellow domainers achieve success with their domaining business.

Establishing and Maintaining Your Domains

To clarify, you should take into consideration financing, web traffic, monetization, renewals, and a host of other items that all domainers should know to grow their domaining business. 


It is possible for people to become millionaires from domaining.  In fact, some have made millions off of domaining.  


Be that as it may, you might not achieve those same results; however, it is still never too late for you to make a nice profit from domaining. 

Now there are lists of popular high priced domain sales, and as anticipated, these domain names were registered a long time ago, in addition to having different owners throughout the history of the domain.

A list of the top domain sales of all time.

  Image Source: GoDaddy  


Domainers earn their revenue from buying and selling domain names.  With this thought in mind, the domaining industry is comparable to buying and selling stocks, which is buy low and sell high. 


Domaining is a booming business.  I don’t think that the market will ever become oversaturated, because there will always be a demand for business names.


For this reason, there are plenty of domain names for newbies to buy and find their niche domain market.  


Important to realize, you will need to accumulate some familiarity with domaining when first starting out.  

 

In other words, it will take buying silly, worthless names to gain your experience of what to buy and not buy for your domain portfolio.

But, Wait a Minute

On the other hand, what you don’t want to do is buy a few hundred domains, park the domains and not receive any revenue.


Under those circumstances, it will take you some time to build a decent portfolio.  


But with some extra domaining tips, financing advice, and other helpful tools will help newbies or the seasoned vets further their domaining business.  


In the long run, people who want to partake in the domaining industry should have some realistic expectations about this business.  


A Point often overlooked is that domainers who’ve been in the market for a couple of decades had to rely on their intuitions when picking out names.  


Fast forward to today, many resources are accessible to give newbies a short route for learning tons of information, tips, and strategies for their domaining business.  


In any event, obtaining in-depth knowledge and skills that fellow domainers have made will help newbies gain more understanding of domaining quicker.  


Without delay, let's get started because knowledge is power. 

DOMAINING BASICS

“On April 1, 1998, I launched Webmaster-Resources.com, and I remember that date specifically because it was the date that the price of a two-year domain name registration dropped from $100 to $70, and considering I was funding this out of my allowance, that $30 made all the difference. ”

Matt Mickiewicz

“I often get questioned about how we came up with the name Weebly. We all know that all of the good domain names are already taken, and we had neither the desire nor budget to try and fit our business into a pre-existing word - so we made one up.”

David Rusenko


A domain name consists of three main parts to a website.  


1.) Host

2.) Second Level Domain

3.) Third Level Domain


Example:

www = host

vegasdomainer = second level domain or (SLD)

The .vegas is the Top Level Domain (TLD) 


You should have a good concept on how you can utilize the domain name that you registered, or you should know that before you register the domain.  


If it has resale value, then think of the end user and how they can utilize the domain when you approach prospective buyers.  


If you can develop or monetize the name, then know in what field and how you will monetize or develop the domain name.  


Then again, if you can’t find a use for the name then don’t register the domain.  


Don’t waste any money on any renewal fees if there isn’t a possibility of getting the domain off of the ground. 

Graphic design of a domain name browser search with a www url of “domainname.” Domaining Basics concept.

A domain name consists of three main parts.  


1.) Host Server

2.) Second Level Domain

3.) Generic Top Level Domain


Example:

Host Server = www 

Second Level Domain or (SLD) = vegasdomainer

Generic Top Level Domain (gTLD) =  .vegas 


Nevertheless, you should have a good concept of how you can develop or monetize the domain name before registration.  Then again, if you can’t find a use for the name then don’t register the domain.  


Don’t waste any money on any renewal fees if there isn’t a possibility of getting the domain off of the ground. 


If the name has resale value, then think of the end user and how they can utilize the domain when you approach prospective buyers.  

Avoid Certain Domain Names 

A rule of thumb to adhere to is that regardless of generating a new domain name or obtaining an expiring name, the current tendency is to avoid names that have numbers or hyphens in the domain because both naming patterns lower the value of a domain name.  


Although this may be true, the one exemption is certain three and four numbered domain names, and it seems that your fellow domainers have registered a good chunk of those names.

Pick an Economical Registrar   

Information in regards to the cost of registering domain names.

 Image Source: Theme Grill

For the purpose of buying in volume for your domain names, it is best to find the most economical registrar for your domaining transactions. 


To start, go with Enom or Godaddy until you get the hang of the business. Then, switch and try other registrars that meet your fancy.


All registrars have their good and bad points, so it is best that you research and read their reviews.   

Your Domain Names Should Follow These Suggestions  

  1. 1
    Domain name should be short 
  2. 2
    Exclude digits from your domain name
  3. 3
    Don't use hyphens in your name
  4. 4
    Domain should pass the radio test
  5. 5
    Domain should be memorable

Your Domain Names Should Follow These Suggestions  

1

Domain name should be short

2

Exclude digits from your domain name

3

Don't use hyphens in your name

4

Domain should pass the radio test

5

Domain should be memorable

LEGALITY


Consult With Your Accountant    

Consult with an accountant if you are interested in domaining full-time.  You need to ask where in the yearly tax cycle, is it fiscally beneficial for you to form your domain business into a legal entity?


Important to realize, there is a process for creating any business, and with the proper advice, you won’t lose out on any business deductions that you can take when you get appropriate legal advice.  


Thus, file all necessary receipts, so that you can verify to the IRS the amount of money that you used to invest in your business.  

Vector illustration of an accountant with a team of accountants in the background. Concept for consulting an accountant for a domainer’s business.
3d illustration for business types model words for LLC, LLP C-Corp. Domain Business type concept.


In like manner, something that is probably more crucial to keeping the proper receipts is choosing to form an LLC (Limited Liability Company) or Corporation.


You can reduce the personal financial risk involved if you encounter any possible legal issues with your business.  


While the legal variations amongst LLC’s and Corporations might be minute, they are not irrelevant. Hence it is to your advantage to do your groundwork before creating an LLC or corporation.

Is a Business Partnership Beneficial for You? 

Information on what to include in your partnership contract.

 Image Source: UpCounsel

People don’t like sharing their earnings with other people.  Although this may be true, partnering with a few partners who can add funds to your business will help you to vary your assets and help lower your risks and boost your earnings.


At the same time, if the business partnership fades away, you may need to come up with additional money to buy out your partners or sell your domains for less than what you wanted for the domains.


On the whole, you need to think about opting for a partnership with all commitments set in stone.  


Further, the business should have a clear strategy for making a profit, and you should have a clear goal in regards to your domaining ideas.

“I shape my future with the names I buy. I shape the future of my loved ones with the names I sell.”

Chris Desouza

Laptop with the phrase “What’s Your Business Plan” displayed on the laptop screen. Next to the screen is a pig cupholder with pencils inside the cupholder. Domaining business plan concept.

Create a Sound Domaining Strategy 

Beginners in the domaining industry have to learn the skills necessary to achieve the advanced stages of the domain industry.  


Your strategy should follow a well-developed business plan that is beneficial to you and your business.  


Create a strategy that you can follow and change along the way so that you can make adjustments to the changing domain trends in the market.  It is just an underlying precept that you can follow.  


You have to spend money to make money.  


It is a good idea to purchase domains with fixed paths to monetization for a price that you are happy with and a price that you are willing to accept as the seller of the domain.  

What Do You Want Your Domain Names to Do for You?  

  • Is it your goal to have quick resale profits? 
  • Do you want high priced deals?
  • Are you looking to diversify into different domain niches?
  • Do you want to develop some projects, like websites?

You will have to discover how much the name will earn or if you are buying for resale, then have a minimized level of earnings that you are prepared to receive.


Necessary to realize, the seasoned domain investor has advanced past the fundamental strategies of domaining and has created their particular successful method for buying and selling domains.  


The same will hold for the newbie domainer, and that is to get a grasp of the traditional domaining methods as will be discussed in brief. 

Don’t Rush into Buying 

Don’t concern yourself if you don’t get that domain deal as you expected.  


You will come across tons of new possibilities daily if you research and have an open mind, which in the end will help you gain entry to good deals and help increase your domaining knowledge.

Don’t Get Too Attached to Any One Name 

Short and sweet, your goal in the domain industry is to achieve a substantial profit.


With this in mind, it seems that newbie domainers make a consistent mistake across the board, and that is holding onto a name because they like the domain.


By the same token, they think that the name is significantly more than what the market says or its comparable.  


With this in mind, you should take the time and educate yourself to what gives a domain value, which means what goes into a domain name that offers its value and importance in the market. 


A domain name might sound good or maybe trendy, but newbies may have to conclude that the name might not be in demand or meet the commercial value of what they registered the name.


The critical factor that they have to learn is that if the name isn’t selling and they aren’t making a profit to at least pay for its renewal, then they need to let the name expire.  

If the Name Isn’t Serving You, Then Drop It!

To put it differently, if you’ve had a domain longer than a year and nobody has contacted you, during that time frame, then it may be an excellent sign that the name is not as in demand as you thought it might be when you registered the name.


Hey, most domainers have let bad names drop you aren’t the first and won’t be last to allow a name to drop.  Consequently, you will have to go through the trial and error stage before you succeed. 


Nevertheless, what you want to do is find the good names that will cover the not so good names.  Although so, silly domain names do have the potential to bring in a profitable return. 


On the other hand, the excitement may not hold out after you’ve received a decent bid.  Therefore, if you are contending with a fun, playful name and you get an offer for the name, say YES AND SELL IT!

Invest in Domains with Good Income Potential  

If you have several terrific names that have the potential of being developed into significant projects, then go for it.  


But don’t buy hundreds of wasteful domain names that will sit, earn no revenue or no buyer is interested in the names.  


Before you buy a domain research the name thoroughly and don’t buy because you believe that it is a deal.  


You want to check for items like comparable sales, traffic analysis, available search engine listings, page rank, and backlinks if at all possible.

Buy the Domain Low, Sell the Name High 

Buying low may sound easy to you, but buying low doesn’t always mean that you will sell high if you have a junk domain.  


At least try to find domains that have profit potential and don’t pay too much for the name even if you sincerely like the name.  


If you keep researching, you will find other domains to replace the overpriced domain that you are thinking about buying.  

“A person who never made a mistake never tried anything new.”

Albert Einstein

Diversify Your Portfolio 

Don’t put your eggs in one basket.  It would be to your best interest to register domain names in other domain extensions that vary in a diverse range of subjects.  


You will make your business more resistant to sweeping changes in prices that could show up in one area of your niche domain market.  


In that case, having access to various niches of the market will be beneficial for you in the long run in the domaining industry. 

Cartoon illustration of a lady with a wand diversifying money into butterflies. Diversify domain portfolio concept.

In the Beginning There Was Volume over Quality  

Selling domains is also known as flipping domains or domain flipping.  Domain selling, be that as it may, is hard at times.  


If you are seeking quality domains, then you might have a tough time because there are more than 351.8 million domains registered as of the first quarter of 2019.  

Domain registrations for first quarter of 2019.

 Image Source: VeriSign

Although this may be true, don’t let those registered domains deter you because those domains will soon become available if the owner allows them to expire.  


Besides, you can always create names or better yet find a list of expiring domain names. 


Nevertheless, keep this point in the back of your mind; it’s better to sell 300 domains at $15 and profit $4500, than waiting for a prospective buyer to purchase one of your domains for $4500. 


To explain, domainers that consistently buy diversified domains, typically gain the highest earnings.  


Newbie domainers at times will get trapped and captivated by the prospect of owning the keyword name in a niche market.  Be that as it may, it is always better in any market to vary your assets.


The critical thing to do is pace yourself when you first start buying domains.  


After you earn a profit, then take those earnings and purchase domains that have more value.  

Alternatives to Previously Registered Domains

That is to say, it is not necessary to buy previously registered domain names at a high cost every time you see a decent name.  


Think outside of the box and think about what is going on around the world as far as current affairs and make a list of some of those key phrases phrases that the media commonly uses. 


Next, take those key phrases and search on on any registrar like Enom, Godaddy, Namecheap, etc.


If the name is available, then register the name, but only after you get an appraised price to see the worth or value of the name. 


Conversely, you do have many choices when it comes to purchasing domains at a specific price and then resell it for a profit.  


Or you can sell the name through an independent domain broker or through other partnering programs like Sedo.

“Success is walking from failure to failure with no loss of enthusiasm.” 

Winston Churchill

Sell Your Names Through a Third Party 

You can sell your domains at many domain aftermarket places like Sedo, Flippa, Efty, etc. You can sell your domains through domain brokers.    


Domain auction houses have different methods to list your domains for sale.  You have the option of "buy it now," "no reserve auction," "reserve auction," etc.  


In addition, you have the choice of a “make offer” option, and any interested buyers can contact you directly.  


If you have a domain portfolio, then that is a great way to advertise your domains, and you also have the option of sending a direct link to prospective buyers.  


Efty is an excellent domain marketplace where you can utilize their domain sales platform


Keep Track of the Market

Sift through various domain sales so that you get an impression for the domaining market.  


Also, it is a good idea to monitor domain auctions and their sales price so that you catch the feeling of the market.  

Get a Feel of How This Domain Game Works 

Try selling a few domains so that you can get the feel of how the game works, wherefore discovering the niche market of your domains that sells the best.


If you are selling a website, then take note that buyers are generally curious about the revenue and traffic of the site.  


In the event that the domain name is remarkable, then value the sale at a multiple of the revenue and other costs that have gone into making the domain a successful website. 

 

For this reason, consistent traffic sways a more substantial price than fads in ever-changing markets.

Your Reputation Counts

People trying to sell a new registration for five figures and higher would like for prospective buyers or other domainers to think that they’ve had multiple offers for the domain.


Buyers and domainers are smart and have their value system just as you do to so be upfront with your pricing and don’t try to put a huge price tag on a domain that you know is a ridiculous price. 

 

Also, don’t tell people that you don’t have time to develop the domain.  Moreover, don’t tell your prospective buyers that if someone doesn’t buy the domain by a certain date that you will develop the website yourself. 

Play Nice!

You shouldn’t imply subtle threats to your potential end users, particularly when they can see through the jive that you are fronting that they’ve been through before you.  


Your reputation in the domaining industry will go a lot further if you play nicely.  


By the same token, if you ask for appraisals from individuals, then anticipate that you will receive many different views or perspectives in regards to your domains.

 

In essence, take the estimates with a grain of salt and don’t get offended from various aspects if an appraisal comes back lower than what you anticipated.  

RENEWALS

Keep Track of Your Domain Portfolio 

You should stay abreast of which domains are renewing and the ones that you want to drop.  


Given that monitoring your domains are vital to your success as a domainer, along with analyzing your profits and losses.


Also, you need to understand that the domains that have shabby profits will not necessarily sell for a low price, therefore do some investigation before deciding on dropping the name.  

What About Those Renewal Fees? 

Information regarding the which registrars has the lowest renewal domain fees.

 Image Source: TLD List

The costs can add up rapidly if you have hundreds of domains, so stay up to date on the funds needed to pay for the renewing of your domains.  


Yes, cost of renewals may be low depending on your registrar, but do note that if you have a lot of domains, then you will have to sell a decent quality domain or a few to help out with those renewal fees. 

Click the Auto-Renew Button 

If you decide to keep your domains for longer than a year, then it is in your best interest to set the domains to auto-renew.

 

You should have sufficient money within those sources to pay for the names in case you miss the reminders that your registrar sends you.  


Not to mention, you will avoid any cancellations, that will probably cost you more money to get the domain back as opposed to a new domain registration.  


Also, make sure that all of your contact information is current with your registrar.

“The way to get started is to quit talking and begin doing.” 

Walt Disney

FINANCING

Do You Have Enough Money to Play the Domain Game? 

You should make sure that you have enough money to buy and maintain your domains.  That is to say, the more money you have to play within this market, the simpler it will be for you to develop your domain portfolio.


If you want to avoid running out of funding for your domaining business, then it is in your best interest to create a business plan to help with your domaining attempts.  


We will go over some straightforward approaches to help you finance your domaining journey.

Leverage Up  

Notwithstanding, there is a considerable risk if you are an inexperienced domain newbie and you decide to take out a domain loan to help fund your business.  


By all means, leveraging is for those willing to take a chance and have the experience and know what they are doing in this business and alternatively have other channels of revenue and resources.

Cheap Capital Is the Best

Why make a profit from domaining when in the long run you have to pay the interest rates back to your credit card?  


You’ll need to consistently break even with your domaining business if you are funding this on credit cards due to the interest rates.


Meaning, when you create your portfolio, only pay for domains with money that you have on hand and not accumulate debt from your credit card limit.  

Text with the phrase “How Are Interest Rates Determined” Used for Domain Portfolio concept.

 Image Source: LendEDU


However, if you do buy your names with credit cards, keep in the back of your mind that you need to pay off your debt before the debt starts accruing interest rates and fees.  


Whereas, your domaining profits will begin to dwindle as your breakeven limit turns into paying back your interest rates.  

Chart showing the average credit card historical rates.

 Image Source: Elite Personal Finance



On the other hand, If you want to help fund your business, you can provide a service to domainers on the various forums.  


That is to say, if you have the know-how to build websites or knowledge in programming, then offer those services to domainers in the forums.


Can you provide useful content? You can use the cash that you earn to help fund your domaining business.

3d illustration of a red seal and the imprint of “Invest” corrected to “Reinvest” on white surface. Reinvest domain profits concept.

Invest Profits Back into Your Business  

What you should get in the habit of doing is put the money that you earn back into your domaining business.  


Business owners with little or no capital should take little to none of their business profits early on in the game and instead apply those resources in place of a business loan.  


If you are excited about diversifying your portfolio and you can manage to do without your immediate profits, then contemplate using those profits to buy more domains.

 

Reinvesting your profits back into your domain business is a way to contend with your more experienced competitors.  


In other words, by investing back, your gross earnings into the company should help you gain a return, which is instrumentally comparable to compound interest.  


If you are only selling and not buying new domains, then eventually, you’ll run out of valuable domains.

“Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful.” 

Albert Schweitzer

MONETIZING

Monetization Tips for Your Domains 

For most domainers, the actual profit is the flip of the domain to an end user and then move onto their next domain sale.  


Comparatively, the same is said of real estate property and, that is to curb your costs during the waiting stage when you are waiting for a buyer for your property.

 

If a domainer is looking for success, they must limit their overhead while they are waiting for a prospective buyer.  


In this segment of the guide, we’ll discuss some conventional and unconventional methods to help you profit from your domains and offset the costs that you will incur while maintaining your domains.

Can You Optimize Your Parked Domains? 

A colorful circle graph of parked domain usage by percentage.

 Image Source: BuiltWith

  • Can you add content and advertising on your parked page at your domain registrar? 
    If adding content at no cost is possible, then that this is an excellent way to optimize for the landing page.
  • You can try many arrangements
    Experiment with affiliate advertisement and pay-per-click combos to see which strategy produces the greatest return.

Not to mention, one thing that you may notice when you toy with the configurations is that by changing the color of your landing page may help with your click-through-rate on that page.


In that case, don’t rely on any default configurations or not installing any ads on the landing page because you may miss out on some potential income by relying on the registrar to do it for you.

Park and Ride  

A percentage bar chart of the top parking companies in the domaining industry.

 Image Source: Similar Tech

Although, you may be proficient in running Google ads or PPC,(pay per click) which is the more favorable result.  


In like manner, there are some newbie’s who don’t have the time or technical capability to administer their domains can always park their domains at a parking company.  


At present, parking companies enable you to optimize your parked page.  What they also do is add PPC ads on your parked pages.


If you make any money from the domains, then they pay you a cut of the revenue from the domains.  


Of course, this option might be the right answer for those domainers that are flipping websites quickly.  


However, for those people preparing to keep the site for any substantial length of time, the technological ability necessary to improve on your own is low compared to the income that you may forego by dividing with parking companies.

Aged Domains and Lead Generation 

Text on a blue background with the phrase “ Does Domain Age Matter in Organic Rankings?”

 Image Source: Direction Inc.

Acquiring aged domain names with a niche target audience can help as an internal lead generation method.  


For those domain names with a precise target audience, this is most beneficial to the fact that redirecting the domains to individual landing pages on your more common high converting sites might be a good way of leveraging your names.  


Moreover, this method may help with the click-through rate of your PPC campaign ads.

TRAFFIC

Traffic Jam 

Do you have a website that is converting well?  If so, maybe you can redirect your domain names that are in the same niche as your well-optimized website?  It might be more advantageous for you to go this route. 


The fundamental approach that you should think about is which decision will make you more money through optimizing on a landing page specifically for the domain name or redirecting the name to your website.  


With this in mind, you should make sure that the top amount of your overhead costs are counter-balanced.  


Your goal is to wait for the right prospective buyer longer than you may have expected.

Traffic Statistics Tools 

The traffic and reputation of a domain are necessary measures that you have to use to appraise your domain names along with those possible purchases. 



Regardless of any helpful tools that you discover, their singular constraints, are intended to assist you with a strategy of receiving statistics on your domain names along with your competing domain names.  

Go Get That Traffic 

The best thing to do is to develop the domain name and get it indexed with the search engines to generate a substantial amount of type-in traffic.  


In the long run, by doing this, you can improve the significance of the name so that the future buyer will have an effortless time getting the site to rank for the suitable search engine results.  


The quickest way to help with this method is to put a link with the appropriate anchor text to the name on an affiliated website that you created. 


Coupled with the name indexed with the search engines, this is a great way to market the domain name to prospective buyers.  

Google Is at the Top of Their Game

Our fantastic Google may own a good chunk of the web’s traffic.  At the same time, they don’t yet dominate the entire internet.  


To clarify an exceptional keyword domain may gain tons of type-in traffic that has a PPC landing page with great conversions. 


With this in mind, the traffic to the domain can bring in a lot of money per day for a first-rate domain name.  


For this reason, this is great to have your domain monetized while you wait for that prospective end user to snatch up your domain.


In any event, when you are looking for domain names, remember that type-in traffic doesn’t necessarily need to depend on search engines to deliver traffic to the name.  


As has been noted, with sufficient traffic, you can pay your domain expenses.

“My biggest motivation? Just to keep challenging myself. I see life almost like one long university education that I never had -- every day I’m learning something new.” 

Richard Branson

DOMAIN FORUMS

Join and Get Involved with Domain Forums 

You will gain lots of vast in-depth knowledge and stay updated about the trends, info, tips about the domain industry.  


Presently, there are tons of people that utilize domaining forums to swap info and to link with fellow domainers who have similar interests of selling their names to end users.  


For this reason,  many newbies do buy domains listed on the forums.  


At the same time, you will recognize that not many domainers are making a ton of money off of the forums.  


Well-liked forums can help produce an abundance of traffic to your domains parked page or website.

Don’t Leave Money on the Table

If you decide to sell your domain through a forum, understand that estibot or any other appraisal domain tool is only an estimate and very rarely a sign of the domains actual value.  


As with anything you are selling, the buyer will spend if the name is worth it to buy.  


Also, you the seller will accept if the prospective buyer agrees to your asking price. 


Don’t try to sell domains on forums with end-user pricing.  You will make more money on an end user sale.  


Ultimately it is to your benefit to address prospective buyers straightforwardly.  


But, if you want liquidity, then sell on the forums but remember you are dealing with other domainers who are experienced and have excellent negotiation skills.

Vector illustration for internet forums along with communicating people. Domain discussion forum concept.

SUGGESTIONS

Automation Is Your Friend 

Nevertheless, get used to using resource and automation tools for your domaining business. 


Your success will rely on the volume of domains and not one domain that you have to wait on for a couple of years to sell. 


If you use excellent tools and resources, then you enhance your business and improve your margins and raise the likelihood of making a profit on most of your transactions.

“Successful and unsuccessful people do not vary greatly in their abilities. They vary in their desires to reach their potential.” 

John Maxwell

"In the future, fortune could well favor those who didn’t sell their good domain names too cheaply, or too badly." 

Frank Schilling

Take Part in Domain Conferences 

Attending conferences like Namescon will help you understand the domaining industry straight from the best of the best in the domaining market.  


You will have the chance to listen in on some great meetings and ask questions.  


The domainers at these conferences are more than willing to answer your questions and help you proceed further with your business.

Business Newsletters

You can get an idea of some of the business industry markets by subscribing to their newsletters and understand various coverages of leading markets.  

What Are Other Domainers Doing? 

You can find tons of fascinating items on the internet and read what others are doing to find success in the domaining business.  


DomainSherpa.com is an excellent source of information.

"If you’re starting something on your own, you better have a passion for it, because this is hard work." Sallie Krawcheck

"Just because an end user might have a lot of money, it doesn’t mean they will pay a lot of money for a domain." 

DomainsInc

Join Online Courses 

DNAcademy is an excellent online course for newbie domainers. You’ll receive a ton of helpful domaining information, quizzes, and techniques to help further your domaining business.

A Third Party Is the Best Way to Handle Your Transactions 

Utilize escrow.com services for your domain transactions.  It is always best to go through a third party if you don’t know the person that you are dealing with for your domain sale.  


Also, domain brokers and parking companies commonly supply an escrow service automatically but do your research to make sure that is the case.

FINALLY

All Things Considered  

Throw caution to the wind and think rationally about the income potential in the beginning.  


A lot of newbies think that they are going to become instant millionaires overnight by selling a few domain names.


I’m sure that it is true in some cases, but in most cases, that is not the case.  


If you create a valuable domain portfolio, then you might be working with something that will bring in significant income in the long run for your domaining business.

Always Adjust and Grow with the Domaining Market

The point often overlooked is that what worked in the past won’t necessarily work for the current trend.  


Stay abreast of various business markets and their movements.  Not only that but look at the nightly news, there are always changing factors in any business market.  


Companies are buying and selling, new research, etc.  Take note of these news items. As with any business, you want to gain revenue and not lose money on your investments.  


In any event, do your research and buy and register domains that have excellent income potential.  

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