I’ve been thinking about the point Drew made on the last Sherpa Review about the need to set the price extra high on a portfolio of sub par or average names, so that you can cover your costs in the event someone really likes one of said names and buys it. While I agree in principle with this concept, it needs to be looked at in a dynamic context.
What I mean is, that unless you bought all 2000 shitty names at the same time you’re not dealing with a static environment. I don’t think anyone starting out should buy 2000 names right off the bat, rather fine tune their buying and selling skills incrementally. As profits roll in from names priced to sell you can bootstrap that money into more names.
Obviously there are many factors, with the main wild card being the timing. The crappiest name in the world will sell if the right person comes along at the right time and likes it.
To illustrate my point, you buy 100 names over the course of a few days or weeks. Probably hand catching them off the drops for let’s say $10 to make it easy, or maybe you buy some in Godaddy Closeouts for $20. In any case your investment over this time period is between $1k and $2k. Reasonably pricing your names that you picked up cheap maybe around $999 or less and listing them every where you can, will help you move the names. If you aren’t selling any after several months, revisit the prices, make sure they’re listed appropriately and reevaluate the quality of your names.
If after several months of practice and learning you realize your names suck, set them on fire. Change the listings to $99 or less and home that someone adds it to their cart by accident. $99 on a $10 purchase is still a nice profit.
In the beginning you want momentum, that’s why I like buying cheap and selling cheap. Not only does it keep you engaged in the process, it helps you learn what to buy and what not to buy. You’ll get better at finding salable domains, you’ll learn what price points work.
One thing that’s often talked about is the holding costs, looking at the 10 year hold price of your names and calculating your expenses. The great thing with paying $20 or less for a domain is that you can trade it in for a better name rather than renewing it.
My problem with the advice to buy a $500 or a $1000 name to start, is that you have no idea what the hell a $500 or $1000 name even looks like, plus it takes you out of the game. If you spend your $1 to $2 K budget on 2 or 3 names I don’t think you’ll learn as much about the industry as you would getting in the trenches and mining decent names that will sell. This business really isn’t rocket science, but it takes practice, fine tuning and more practice. Skills can be developed and eventually turned into “muscle memory” but only if you want them to.
So in conclusion, don’t blow all your money on 2000 names that you’ll regret buying in a year, and don’t buy 2 or 3 expensive names when starting out. (unless someone that knows what they’re doing says “You have to buy this name, it’s the best deal ever”) But rather take the time to experiment and learn, take the earnings and roll them into more names and better names. Don’t buy any more names until you sell some. If you don’t sell any reevaluate your whole process, and price the names to sell especially in the beginning so that you can build momentum. This has been my approach and experience so keep that in mind, maybe something else will work better for you.
One of my favorite no bid names of the day is: GrowSmith.com two syllables, and I like the word smith, implying creator or even artist.
- Main List NameJet Flippa/Sedo
- LLLL.com’s LLL, CCC, 5L Other LLLL’s
- Short Brandables Numbers One Worders Vape, Vegan, VR
- Snap Names/Dropcatch NamePros Godaddy Value BIN
Main List
The No Bid List
ArtisticPulse.com A blog for artist, pulse makes be think of vital signs, if the patient healthy? Is something wrong? Basically what’s going on.
AutoProtectant.com A product that keeps your car shiny and scratch free
BackyardWinery.com A home brew system
CleanWax.com Clean the wax out of your ears
CreditTalent.com A credit help service that knows how to get you the best deal
DownSick.com Not getting any work done today because your down sick.
DrBots.com A robot doctor, or a doctor for robots
DrFossil.com A geologist email, or paleontologist? you get the idea, whomever looks at fossils
EveryScoop.com A news and gossip site
EvilGuide.com Need help being Evil?
FedEmployee.com Federal Employee’s
FinanceOlogist.com A person that studies Financeology.
FixHistory.com Get a time machine and fix your past. Really funny Joe Rogan stand up bit on time machines. Look it up.
FlagMemorial.com Sell flags for cemeteries
GrowSmith.com I really like “smith” names, makes a great Canna biz name I think
LogFusion.com A name for log home builders
MooDrug.com Calcium?
OriginalMember.com Makes me thing of SOA, Original 9
PromoteRealty.com A marketing name for Real estate
TrendsOfToday.com I’m going to bed, it’s 04:11, make up whatever you want for the rest.
Names With Bids
SystemCreators.com
MustDie.com
Rallis.com
Neuville.com
CrmDesign.com
SavvyLoans.com
combd.com
EverContent.com
WiseNature.com
EventMix.com
BuyerFraud.com
OperationEco.com
LondonCctv.com
shortget.com
CoffeeEspresso.com
OpenCounty.com
TheNewKids.com
RehabMotion.com
RebuildTexas.com
WarTalks.com
Debounce.com
MeetingLocal.com
OddSex.com
More Names With No Bids About 130 more
Namejet
BlueEyes.com
fo.com
LargeBass.com
StoneForce.com
Classer.com
UnityCenter.com
AllDrug.com
Orderable.com
MotorPart.com
ClimbAboard.com
ProSir.com
FullProfile.com
Flippa/SEDO
Save Money With Daddy Bulk Domain Registration
Your LLLL.coms of The Day
LLLL’s that End Users Might use someday
frcr.net
lzkp.net
ycwy.net
Dren.co
lfef.org
lrss.info
LLL’s, CCC’s, 5L’s
bbm.net
iz3.com
sfr.cc
fkxsw.com
stfww.com
cfbbw.com
ggghf.com
ggghf.com
kkkgf.com
nnngf.com
rrrhg.com
Brandables
Biyax.com
Blongio.com
Bufey.com
Crawg.com
Fejay.com
Hanota.com
Jorrego.com
Jumandy.com
Kebub.com
Mekelo.com
Merrish.com
Nobaz.com
Nucey.com
Pavob.com
Pigay.com
Rohie.com
Rugey.com
Selabo.com
Surindo.com
Tuxxu.com
Upzub.com
Vozda.com
Zavue.com
Zenrue.com
Zuxzy.com
MORE Short Brand Dot Coms HERE
Some Numbers
8877.org
18409.com
262737.com
948844.com
349911.com
190169.com
qz93.com
zq32.com
rp95.com
rt73.com
nc52.com
cg57.com
gd95.com
nf61.com
mp63.com
44xp.com
One Worders and Other TLD’s
GoingUp.net
CallingCard.net
Austere.org
LearningPath.net
CoinBank.net
JoinFree.net
Subjects.tv
Organize.tv
Railroaders.org
EatNatural.net
VaporStore.net
Partie.org
BuildPlan.net
Tricar.net
Murdered.us
Vape, Weed and Vegan Names and VR
BraveBuddha.com
CannaSector.com
GanjaFind.com
KushPanda.com
MobileKush.com
OptimumHerb.com
Snap Names/DropCatch
NamePros
CameraUserGuide.com
OpenTemplates.com
YogurtFlavours.com
CurrencyChanger.net
XVVL.com
HomeAccentRugs.com
TraditionalMarijuana.com
ColdWines.com
Repacify.com
ResultFish.com
TxGifts.com
BestOnlineLoans.com
PanamaTechnology.com
BuyPizza.net
Koryer.com
Godaddy Value BIN
Godaddy Value BIN
Have a name at auction and need more exposure? Send me an email. We Charge $10 per name per day. We may be able to help. If you have an auction you want to promote, email us for details.*All names chosen by us, Shane and Josh . (ie you click through and purchase a name you like) or an occasional paid listing. Everything we say is based on our own research or is opinion. Do your own due diligence. That means look it up yourself if you don’t think the stats or our opinion is correct. We hand choose the names but we are paid to make this list by both the auction houses, individuals that are auctioning names, and Godaddy affiliate links. Keep that in mind and only buy names that YOU think are good
Josh,
In the spirit of next weekends Kentucky Derby…
If we all get to pick a horse in the race my money is on you. I think if you had the same bankroll and team around you as the big boys you would win the triple crown. Keep up the good work my brother.
Cheers
I don’t agree with Ken. I think you will be a big boy just they way you’re doing it. And I like the current team around you 🙂
Shane,
Let me word this a different way… IMO if Josh had the funds as lets say Andrew, Frank, Rick or Mike Berkens (all of which are considered to be the pinnacle of our industry) I think he could compete with any of them. Yes he will continue to grow the way he is growing now but having the kind of funds that they have to work with helps tremendously. In regards to me using the word “team” I was referring to the help/employees that the guys I mentioned above have to assist them. You have a very good team and I have told you before I start every morning with coffee and DSAD. Cheers 🙂
Ken,
I was just playing. I knew exactly what you meant. 🙂
Hey thanks Ken, I appreciate it.
Thank you Josh… please keep up the great work.
Hi Josh,
I agree with you and I even go one step further.
Newbies should buy or hand register DN for $10 and start reselling them asap to learn the ropes:
Buying a DN for $10 and sold it for $75 is 650%
Gross Profit. If that is not a good profit to start with, oh well, tell me where you could make that kind of money with a measly investment
George, I don’t like starting out that low. I think that if you’re going for the impulse buy from a potential end user or even an investor that sees something in the name they’ll pay $400 to $1k. I think Drew’s original point could apply in this case. 100 names for $75 with $1k invested you’d have to sell at least 15% to recoup your costs (with commission). Even at $75 The domains have to be worth something to someone, I think it’s more likely that you might hit that mark on 3-6% of the names at the $400 to $1k range. But you’re right that is still good profit. I know the average sell through rate is 1-2% or something. That’s actually encouraging to me. If all the “domainers” with crap names, over priced names and no BIN prices, are still averaging 1-2% then decent names, with reasonable BIN prices will sell a lot more than the average.
I meant, obviously, DN with at least $50 value from Valuate.
I did show $75 sale as the worst scenario and make some money to have it for working capital.
I agree with you the $300/400 range is optimal and keeping a percentage of it as profit.
Ahh gotcha, Thanks George.
Hey guys, I’m a newbie. I bought these two names. I put them on auction and not one bid. I wonder what I did wrong. The names look good to me.
Remittals.com
299091.com
What’s the problem with these names?
There’s something you might see that I’m not seeing. So please share.
Where did you list them? What price did you start the auction at? The numbers are a whole different animal. There’s no 4 so you might get $12-40 or something like that.
I don’t routinely list things for auction especially on Godaddy, since your names are at a disadvantage to Godaddy’s expiring inventory. Where did you pick them up? All other domainers already had the opportunity to buy them when you did and didn’t, it’s possible they didn’t notice them, but this is your audience with a domain auction.
That’s just general information, the word domain you listed is plural has 55 searches a month, no CPC and low ad competition and means noun
1. law
(esp of an appeal court) the act of sending back (a case or proceeding) to an inferior court for further consideration or action
2. criminal law
cancellation (of a penalty or punishment)
3.
the act of pardoning or forgiving (crime, sins, etc)
4.
discharge or release from penalty, obligation, etc
I’m not sure what anyone would use it for or why they would buy it. It might have a little intrinsic value, but not at the price you have it listed for. You have it listed for $4K and it doesn’t even have a landing page. Give it some kind of landing page, list it for $299 and add it to SEDO.
With numerics and other “liquid” type names, be sure to do your research before buying. Take a look at the sales section of shortnames.com to see what the names are actually selling for each day at auction. You can see what 6N names with a zero in the fourth spot have sold for (which may or may not matter). For instance, it looks like you picked up 299091.com for $30 at Ebay on 4/22. Don’t get distracted by the outliers in the group that sell for much more — 707070.com went for $4,100. There is an obvious reason for that (the pattern). Figuring out the less obvious reasons that some of these names sell for more than others is the hard part. There is a lot to learn if you want to make money with this category of names.