If you have to reveal one secret of your domaining success, what would be?

[Domain Monk]

Share the secret

 

[Future Sensors]

 

[Rob Monster]

Domains are a manna vehicle through which God's providence is able to manifest. God is on the throne. He resists the proud but gives grace give to the humble. Once you understand this, you realize that scarcity is an illusion and will begin to see the divinity and providence in every domain sale. You also gain clarity on dry spells when little or no sales happen.

 

[Kingslayer]

I wouldn’t say I’m successful, but been involved in 6 figure sales (both buying and selling) and many people here believe I own 7 figure or multi-million assets on domains I’m currently holding (please don’t type publicly what I own for people that know).

Key to acquiring these domains is operating under the radar (as I’ve got ‘some’ of them for reasonable prices).

If I type my real name into Google along with “domains” nothing comes up, yet if I was a person who liked the spotlight on me, if I enquired for a domain and the owner of this domain typed my name into Google, they’d see straight away I’m an investor, which means it would be a lot harder for me to do a deal/price goes up or deal is lost from the get go.

Act small-time, go against advice people usually give (ie having a professional e-mail address), use a Gmail account/hotmail account for enquiring for domains (act small time) and operate under the radar (keeping business to yourself) would be my advice.

 

[AEProgram]

Avoid names that are good but in sectors that won't spend money on domains. Getting money (4+ figure sales) from restaurants, electricians, plumbers, beauty salons and most other sectors are rare.

 

[johnn]

If you reveal the secret, the secret is not the secret anymore.

 

[redemo]

Just to re-cap so far we've had start with .com, go short, choose the profitable niche, invest in quality names, wait for the right buyer, shun sectors that don't spend big, investigate past sales, develop websites, operate under the radar, don't reveal your secrets, learn quantum algebra, be lucky, treat domaining as a hobby, act small time, ask for advice, go against advice, help humanity, preserve wealth, have a purpose, don't get married, embrace the non physical, invoke mysticism and trust in god.

 

[Domain Monk]

I would say pick only domains that you would renew for next few years.

 

[Future Sensors]

Okay, this used to be a secret, but I can share this advice today on this private forum.

A Dutch proverb says: "Spun a thread every day, a shirt sleeve is won every year."

Meaning: A lot can be achieved by working steadily.

Work hard. Spend your time wisely. Read only the best threads on this forum. Follow global news and important publications on a daily basis through RSS. Learn some technical skills on the basic workings of DNS. Browse ICANN Wiki. Learn about the history of the WWW and the Internet. Learn about (domain) pricing, (domain) marketing, human behavior, negotiating. Try to step out of your filter bubble sometimes.

This may seem quite overwhelming at first, but after a while you'll notice that you will better understand how the world is functioning, and which domains the world needs (like NFT domains...) Be sure to create a balanced portfolio with such needed domains. Don't focus on one niche only. Try to follow good advice from other members on this forum.

 

[Rob Monster]

Sorry Rob,

But this a load of drivel.....People don't need mumbo jumbo to feel grateful for a domain sale or persevere through the dry spells....

Haven't seen you post in a while, hope you're well.

Well, I have definitely found otherwise and I have seen so many miracles for customers including just this week, so I am going to have to disagree.

And here is my favorite book of the last 400 years. I gave out so many copies in print that I just published it as a free eBook:

https://mysteryofprovidence.com/

Suffice it to say that we have been busy. And that is not "mumbo jumbo" either.

 

[Bob Hawkes]

So @Future Sensors in this post gave exactly what was on my mind when I was going to answer , but now that the Standard Model of physics is off the table, here is my other thought...

Thinking as much as possible like a potential end user is the most important thing. That impacts what names to acquire, where to list them, how to present them, how to price and payment options, and what names to keep.

Thanks for great and valuable thread, @Domain Monk !

Bob

 

[Corey]

select a niche, study past sales & learn how to develop your names using a CMS.

Cheers
Corey

 

[RogueWriter]

An affiliate marketer that I respect always had this quote on his tagline:
"The secret to success is constancy of purpose." -Disraeli

Not a secret, just a nice, daily reminder.

 

[Samer]

100% com Get the basics down before ‘other’

Fits like glove & staying that way disclipline

 

[BrandPlease]

Trying to get as basic as possible - while not sounding over simplistic...well see.

IMO, to start you have to make a decision are you going to compete in the 10K plus space or are you going to compete in the (huge generalization here, sorry) "Brandables" market.

There is more to it than that - but for the sake of a beginner - going as basic as possible

If you are going to compete in the 10K+ market - outside of incredible luck - you are not getting names, quickly or for a bargain. You are buying valuable property and reselling it for a % 5, 10, 50? You have to have a game plan on your profit margin and work closely to manage the cost of acquisition & sales. &&& you need to have some cash on hand - most domainers cant survive on a really good name or 2, you need to build a portfolio + traffic + etc..

With brandables the opportunity to make make $ and prob a higher ROI (per name not total $ value) & build up a portfolio of $1200 - 8K-ish (retail sale value) names at a relatively low cost.

IMO lower barrier to entry + risk in this route. We all waste, lose, make poor buys in the beginning. Lower BY ALOT potential losses in the early days in this space.. AND it feels very good when you sell a GD close out name for $2K .

Not that the brandable market (I mean <10K) is any easier to learn , it's the potential losses during the learning curve are far more manageable & allows you to learn the market, put some wins under your belt, & build your Branding skills.

+1 you have to try and forget what you like, individually, & understand what potential customers are looking for. That is what I still have the hardest time with, still today. It is a hard pill to swallow. early on, but more personal opinion choices will end up in drops than business choices.

GL all

 

[Lox]

Share the secret

1. A healthy network of authentic connections.
2. Bonding (any bond is built on trust and trust is asset).
3. If you're getting all the referrals/recommendations you need, you don't need to pitch/sell or use landing pages.
4. Always ask questions instead of talking about the …. the whole time.
5. If they care about your business culture, you know, long-term relationship is possible.
6. All you need is courage and knowledge.
7. Disappointment is the moment. Let it go: but & maybe, yesterday & later.
8. Ego is your friend. A mismanaged ego can lead to a laziness and lacks of knowledge/skills. Train your dragon.
   
9. Accept, most of your domain names are ready to be dropped, anytime.
10. Besides Domains, most of us look at a lot of things and we’re into many businesses. (multiple income streams). You?

Regards

 

[bruhne]

Domains are a manna vehicle through which God's providence is able to manifest. God is on the throne. He resists the proud but gives grace give to the humble. Once you understand this, you realize that scarcity is an illusion and will begin to see the divinity and providence in every domain sale. You also gain clarity on dry spells when little or no sales happen.

Many don’t realize how much the non-physical is at hand.

 

[equity78]

Find a guy named Doc borrow his DeLorean go back to 1994 start picking up domain names for free and you are all set.

All kidding aside, there is no secret, buy good names, understand something about branding and what others want to build their brand on. Don't stay married to trends that have faded away no matter how much you liked that fad.

Understand that many outside of domaining will despise you and they do not care about your analogies to real estate or anything else.

Don't trade off of other people's intellectual property.

 

[johnn]

Do not get marry.

 

[HotKey]

Do not get marry.

To your domains?

I think as long as the vows are along the lines of "till right buyer due us part" it should be fine..

 

[barman]

Don't quit your day job. A lot easier to maximize value (sale price) when you don't want or need to sell.

Forge your own path. There a million ways to make money in domaining, so its best to stick to a particular strategy, like a certain type of name (short .coms, longtail + outbound, .io, etc)

Patience and consistency have already been mentioned. This is a slow moving business but if you do a little bit each day over time I think you'll get results.

 

[Mister Funsky]

Many don’t realize how much the non-physical is at hand.

Some cant (or they refuse) see the forest for the trees. Those that live only in the physical world will die with it.

ADD: My secret is to reinvest in quality domains and hold them until the right buyer comes along.

 

[redemo]

My secret is to set a return expectation for every domain name acquisition. The return figure is never below £ 500 -:- levels out around $ 700. My current spend ceiling is £ 50 for each name. Connected to that next to every one of my 50 chosen names is a simple monetisation plan including sell, develop or develop and sell. From the start of each day I work my way down the asset list with actions and notes until at the end of the day something has been done on every single project. Later on this year I will start to spend more on acquisitions (£ 100 - £ 250) and try to break into £ 1000 plus sales. Trust in कर्म.

 

[Compassion]

Domain names fall into the category of abundance.
Abundance is the algorithm of life. (All go rhythm)
Churn and burn if necessary.
Acquire premium assets that can be a utility to help humanity while preserving wealth now.

 

[The Durfer]

its a hobby, that keeps it successful to me.