Each and everyday you hear stories about some name getting thousands of dollars from the buyer. You also jump right into the game of domaining and hope for that lucky day to arrive when someone might get interested in your domain name. Right?

How to get started?

The main problem with newbies over here is that they do very less research and start spending their money on useless names. After 6 months or a year their moral goes down the drain and they are back where they were but with lighter pockets then before.

Some people get into the trademark mess. They get sued by trademark holding company and then they show their temper openly on forums and other message boards.

Some can't even monetize their domains to get the renewal fees for the upcoming period.

If you have 4 or 5 domains then you can surely shed the amount from your own pocket. But when the figure goes around 100's and 1000's it is very hard to renew the domains for the future.

My advice to newbies would be to stick at 25 to 50 domains. They can earn for 10 or 20 renewals per year if your names are below average. Some domain might get you more revenue and it can fill the gap for you. Ultimately the main thing is to not lose a domain for nothing. You should at least get its registration fees from it. This will not start downfall of your domain empire which you want to build. 1 dollar loss is also a big loss if you have more then 100 or 500 domains in your domain portfolio.

So what kind of domains you should buy?

Choose wisely on which name you are putting your money. Three characters .com's are creating a lot of chaos right now in the market. Their prices goes sky high in domain name aftermarkets. Generic dictionary words are also long gone. New TLD's are not so stable right now, dot-com still rules the internet. You might get lucky in some other TLD's but I wouldn't advice you if you are new in the game.

4 letters have 456976 combinations from AAAA to ZZZZ. Of them only around 5000 are left. Which is of course the garbage.

What do we do now if we still want to get out feets wet in this?

Look for some guy who is willing to sell his domain for less. There are plenty of places to find this kind of domains available for sale at lower prices. You can go to forums specially created for this kind of discussions. If you don't know any then here is the one Nameslot.com Go there look for some domains which might fall under our category and then approach the seller. Here also lookout for trademark issues and blacklisting for that particular domain. You can generally get this info from doing a whois search for that domain here Whois.sc

Keep your eyes and ears open for latest news. It might shed some light and you might be the lucky one who grabs that name for just registration fees and sell it for 1000's. Work on them and get every cent out of them. This will keep you in the game. The main thing over here is not to win the game but to be in it and be till the last.

©2005 Nameslot.com

One piece of advice that I would like to give to people involved in domaining is persevere. At first you may not succeed, Chances are, with your first few domain names, you may lose money and alongwith it you may lose hope of selling your domain names at a good price, especially after you see them appraised as reg fee. But once you enter, don't give up. Try to learn the tactics and stay.

Peter you are right. thanks for the advice.

making a living off selling domains. that would be a life.

Well I have some domain names and I had hoped to make some money on them by selling them for much more. Still hoping to do so. I had read about domains and buying and selling them in a big book years ago and got interested in them.

Please pardon as I am posting this in two places here on the forum. I am not sure if all the readers read and recieve messages from all the different forums and I really, really need some advice.

Hello,
I am so new to this whole thing that I didn't even know one could sell a domain to someone else. Please help me to decide asap. I have offer should I sell it now or research and wait a bit?

I have a name I registered years ago for an idea I had. I havent had a chance to develop a site for it, as we have another group we mainly work in. There is no site for it.

Now, I just got an unsolicited certified offer for my .com domain for $1500 via my ISP (network solutions). I responded that I would sell it for $10,000 (hey, what the heck, right). Then I recieved a private email from the guy saying his 'client' didnt have $10,000 but he did have $5000 and would I sell it. I ignored the email. The 7 day offer period passed, and he didnt go for it (it lapsed). The very same day, I recieved another certified offer for $10,000. ($10,000 is the maximum Network Solutions lets you ask for.

Now, the question is: should I just go ahead and sell it? I mean, maybe its one of those domains worth oodles? How would I know? Maybe he's the only one who wants it, maybe tons of people want it.. I dunno. I also own the same domain as a .us (which sounds really cool).
The .org and the .net are owned by someone else who appears to be taking offers, but when I inquired I did not receive a reply.

I did the network solutions domain appraisal and it came up for around $1800 (which was no help).

I have 5 days to figure out what to do.
I am involved in humanitarian work so $10,000 will be of great help... Simultaneously, I don't want to be stupid, more $ would go even further.
Its a gamble if I hold on to it.. is it a gamble if I sell.

Any advice would be most greatly appreciated. The sooner the better

With thanks,
Bard

PS I will provide the domain name offlist, but prefer not to list it here.

You are so very lucky I can't believe the luck you have. You have a domain name that someone is willing to pay you many thousands of dollars for, I wonder why. I mean are they going to use it for the traffic that your site has? (Have you checked the traffic). Are they going to use it for the domain or for the site itself, or for the possibility of more ranking for their sites, the possibility to sell ads or what? Let's see. What can you do.

Take the money and run. SELL the domain that's what you do. Say YES give them your address. Tell them you want a certified check or some bank check. Do not take it from a charge card, I mean I use Pay Pal all the time but what if (since this is such a large amount), what if the person had a charge card and they changed their mind and what if some reason they did a complaint and you had to worry about a Pay Pal complaint).

Take the money, pay your bills. If you want a site, go to ebay and buy another site. Or I have friends that have sites for sale LOL.

that's a good guide and advise. wtg

Great info thanks a lot nameslot :D