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Now, after gathering some 500 of 'em, WHAT DO I DO WITH THEM? I hardly have the time to keep up with my websites (running 21 right now with freelance help).
Any neat hint as of how and what you do most efficiently with a growing pool?
I'm just wrapping up a significant (costly) dot org aftermarket buying spree. You take your chances in the domain space. Careful analysis may yield better results. I'm banking on the credibility of the .Org TLD and plan to build credible sites. Also, IMHO, .Org will serve well for subjects of international interest/concern, not carrying the "it's the U.S. baggage" of .Com.
I've not run into significant competition in my efforts, no seriously annoying bidding wars (with rare exception). That works for me. It's my observation that people are confused about the .Org space. They confuse 'non-profit' with 'non-revenue producing'. I guess United Way doesn't have 'revenue' but it moves 100s of millions of dollars, just for the asking. I think .Orgs are gems for credible information portals, communities which can be supported by affiliate relations, sponsors, etc. I also believe, deeply, in doing some good so they are well suited to my personal life mission of 'do some business, do some good'. Many of the domains, if they were dot coms, have names/subjects, that would sell in the high 6 figures. Due to current perception let's just say the prices have been modest. Go figure: Subjects like Trade, Investing, Tourism, Medication, Disease, Manufacturing, Clothing, Vacations and people have issues about whether the word is followed by .Com or .Org. Who knows? Maybe I'm the fool. Or, mabye, it's 1994 all over again and I'm the fool back in the time ;-)
Gosh, I wish I was a dot com fool back in 1994.
I was amazed as of how many future industries and products are available as dot coms with two keywords or three short ones.
You are right, it can be a rewarding investment and it will be treated as exactly this. I guess what I am trying to figure out is, to just collect the domains and let them sit or develop them and how far, obviously there are domains for emerging markets where I can not have expertise.
At some point in time though they will kick cuz the markets will, well, do exactly that: emerge.
Would you advise to contact the respective industries then and try to make aware of the domain potential?
Is there really money to make?
Im not talking about having 1000 or 500 domains, like some guys here :-) but just a few, that i think would be popular.
How do people sell them? just wait to get contacted, or do you sell them on auctions or what do people do?
In short...how do a domain name "junkie" earn money (Those who do)
There are zillions of mediocre domain names, so they aren't worth that much. Whenver I have a new idea for a website, I eventually find an unclaimed domain name that I'm happy with.
If there are 10,000 words, then there are 100 million two word combinations between those words, and if those aren't enough you can stick an "e" or an "i in front and make 300 million combinations.
So as you see, a domain name isn't that special unless it's a single word.
When it comes to really solid brand naming, single word generic or category words are not often very memorable. They need something extra, some creative juice, to make the name really stick in the mind
For example, I'm thinking of the businesses that gained strong mind share in the "pets" and "toys" markets.
E-bay is a good example of brandname recognition using a new domain to capture imaginations and add stickyness. It was initially registered under the domain auctionweb. I think the move to change that was a very positive one. The original had a very 'new to the game' feel to it, Ebay does not. It clearly defines itself as web company but does not give too much away (no pun intended).
Back to the original post - when I go on a spree and buy a bunch for a paticular topic, I usually use a few of the best ones to create a new site, and then either hold on to the others (to keep competitors at bay) or I offer to sell them to those in my inner circle :-)
And there's plenty still available like "ebay" - I just bought (2 weeks ago) a previously unregistered 5 letter dot com domain with fantastic brandability.
And I just bought an unclaimed 5 letter .com domain name four weeks ago (for my new site that's finally going to let me make enough money so I can quit working at a real job).
With 5 letter domain names available, who would pay for keyword1-keyword2-keyword3.net?
I am gradually building them out. It took longer than I expected. When I started buying them 6 years ago I was not worried about duplicate content issues. My strategy has changed, but all of my domains are buy/hold/develop. If its worth something as a domain, its often worth more as a website.
Anyone here sold a domain name for say...more than 100 times of what they had purchased for? (after the dot com crash)
Would like to hear ur feedback.
There ARE a lot of good domain name available and finding a good fit can be a wonderfully creative exercise.
And then there's fun with drop catching. I recently had reluctant propspect who I wanted to work with. They had one of those awful compromise domains that no user would ever be able to remember. I watched for the real one to drop - companyname.com - and grabbed it. I offered it at cost, and I signed the grateful client right there.
I personally own 20 domains or so. At one time or another, I intended to develop every one of them. Some of them would only work for me, but others, who knows.
I've recently become fond of using short but memorable phrases as domain names. Lots of these are still available - old sayings, puns, and so on. But without the concept to develop them, they could easily be a waste of money. Still, I am often tempted.
edited for terrible typing
[edited by: tedster at 10:54 pm (utc) on Sep. 1, 2004]