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Where to start learning about the domain business?

This is Novice Question

   
6:40 am on Jun 4, 2008 (gmt 0)

5+ Year Member



Hi its SoulFly.

First of all, Im sorry in advance if I talked stupid here.

I want to start domain business personally. To begin I want to start with buying 10 domains to sell it out.

I need all guideline regarding domain business and marketing etc.

Thanks in advance

:P

1:16 pm on Jun 4, 2008 (gmt 0)

WebmasterWorld Administrator webwork is a WebmasterWorld Top Contributor of All Time 10+ Year Member



Hello SoulFly. Welcome to WebmasterWorld and the Domain Forum.

I suggst you start your education by reading the archived threads in the Domain Forum Library [webmasterworld.com].

Then, take some time to scan past threads in this forum.

If you take the time to study my "suggested readings" you will be a much better domainer as a result of your newly acquired knowledge.

9:05 am on Jun 7, 2008 (gmt 0)

5+ Year Member



Thank you Webwork :)
10:02 am on Jun 7, 2008 (gmt 0)

5+ Year Member



Webwork,

Could you please list some very important links of library or forum regarding domains?

11:14 am on Jun 7, 2008 (gmt 0)

WebmasterWorld Senior Member marcia is a WebmasterWorld Top Contributor of All Time 10+ Year Member



They're most all important, but you might want to start with one about Predictive Domaining

[webmasterworld.com...]

12:02 pm on Jun 7, 2008 (gmt 0)

5+ Year Member



any other good links :D
12:22 pm on Jun 7, 2008 (gmt 0)

WebmasterWorld Administrator webwork is a WebmasterWorld Top Contributor of All Time 10+ Year Member



Do you know the story of Achilles, SoulFly? The story about the warrior who had everything going for him . . but he had one weakness . . and it proved fatal?

To be successful at domaining, especially "domaining as a business", here's a partial list of what you need - for starters:

1. You need foresight and patience.

2. Subject matter expertise helps enormously.

3. Money management skills are essential if you are going "into the business of domaining".

4. You need impulse control.

5. You need to know value(s). Some of my best buys were aftermarket buys at the right time.

6. You need good instincts, such as timing.

7. It might help to understand economics and markets.

8. Negotiating skills and communication skills help.

9. Credentials and credibility help.

10. Connections help.

The "domaining success list" goes on. The list isn't 3 or 4 threads in the Library. The short list of how to succeed at domaining - which appears to me to be what you are looking for - is the how to fail at domaining list.

Read the Libary threads in depth. Reading all of them won't make you a successful domainer, but it's a good start.

Marcia's reference to "predictive domaining" IS a good place to start - since a key element of success in domaining is to "get in ahead of the market". However, once you "predict the future" - and start buying domains - you will still need all the other skills and knowledge to succeed, especially money and cash flow management skills and discipline.

Domaining as a sideline or hobby is possible, but in order to scale the art/practice/science into a business and succeed you need everything on the list (1-10+) above and more.

You won't find a "How To . . " manual about items 1-10 above in the Domain Forum Library.

My advice, to you SoulFly, is to slow down - waaay down - and read at length, including all the stories about failed attempts at domaining. It's likely that only 1 in 25, 50 or 100 of the failure stories were ever told publicly. Instead, the failure stories were told in the millons upon millions of domains that expired between 1999 and 2005, representing the failed investment of tens or even hundreds of millions of dollars.

[edited by: Webwork at 1:23 pm (utc) on June 7, 2008]

3:04 am on Jun 8, 2008 (gmt 0)

5+ Year Member



ok Sir... I will start reading from today :S ... I will slow down - waaay down and read as much as I can... Almighty knows when will I start domaining...