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Here's an exercise that's relevant to my interests and I'm curious for everyone's opinions. Does anyone want to play along?
If I gave you $2000 to start from scratch and to build a small (Or medium?) portfolio of domains to hold, what would your move be? This is NOT for the purpose of building up a blog network, so don't worry about anything relating to that.
Let's assume $10 each for fresh regs.
Here are a few possibilities.
- Would you scour the recent drops and try to find 200 decent brandable names and just hope that you're able to sell a small handful of them each year?
- Keep an eye out on the dropping soon auctions (Snapnames etc, where you pay anywhere from $20-$80 to get into an auction...) and try to pick up some slightly better names?
- Brainstorm ideas for fresh regs? Maybe half-decent names in emerging niches and trends.
- Get a set of brandable domains and then have logos created to go along with them and sell them as a BRAND rather than just a domain? (Seeing more and more sites that do something like this... Generic name + logo included.)
- Just scope out a couple or a few premium domain names and put your efforts into marketing those?
- Put all your eggs into one basket? Maybe keep your ear to the ground until you find someone who's really desperate for a quick sale?
- Some combination of all of the above?
- What else might you consider doing?
Keep in mind that you'll need to keep some money in your budget for renewals if you're buying a bunch of domains to hold onto and wait for offers. For example if you started off with 200 fresh regs (or dropped names), you would need to sell enough to make enough for renewals within the first year.
Obviously I'm fishing here too, because investing in domains is something that interests me. I'm leaning towards putting in the leg work and getting a bunch (100-200?) fresh regs and just hoping that I can turn over even 5-10 a year to keep the portfolio growing. I know some of you are going to hate me for this because we've all had 100's of names we've looked up and found that they were already registered, jut sitting there unused. I'm not looking to squat on anyone's names although I bet there's money to be made if you find small businesses who don't own their domains but that doesn't interest me.
Personally I enjoy scouring the lists of recent drops (JustDropped.com) and I could even make logos for some of them, put them up on a portfolio site and try to market it. That's one idea... but...
So, BUSO... What would YOU do if I gave you a $2000 interest-free loan and said "Go make money with domains..."
If I gave you $2000 to start from scratch and to build a small (Or medium?) portfolio of domains to hold, what would your move be? This is NOT for the purpose of building up a blog network, so don't worry about anything relating to that.
Let's assume $10 each for fresh regs.
Here are a few possibilities.
- Would you scour the recent drops and try to find 200 decent brandable names and just hope that you're able to sell a small handful of them each year?
- Keep an eye out on the dropping soon auctions (Snapnames etc, where you pay anywhere from $20-$80 to get into an auction...) and try to pick up some slightly better names?
- Brainstorm ideas for fresh regs? Maybe half-decent names in emerging niches and trends.
- Get a set of brandable domains and then have logos created to go along with them and sell them as a BRAND rather than just a domain? (Seeing more and more sites that do something like this... Generic name + logo included.)
- Just scope out a couple or a few premium domain names and put your efforts into marketing those?
- Put all your eggs into one basket? Maybe keep your ear to the ground until you find someone who's really desperate for a quick sale?
- Some combination of all of the above?
- What else might you consider doing?
Keep in mind that you'll need to keep some money in your budget for renewals if you're buying a bunch of domains to hold onto and wait for offers. For example if you started off with 200 fresh regs (or dropped names), you would need to sell enough to make enough for renewals within the first year.
Obviously I'm fishing here too, because investing in domains is something that interests me. I'm leaning towards putting in the leg work and getting a bunch (100-200?) fresh regs and just hoping that I can turn over even 5-10 a year to keep the portfolio growing. I know some of you are going to hate me for this because we've all had 100's of names we've looked up and found that they were already registered, jut sitting there unused. I'm not looking to squat on anyone's names although I bet there's money to be made if you find small businesses who don't own their domains but that doesn't interest me.
Personally I enjoy scouring the lists of recent drops (JustDropped.com) and I could even make logos for some of them, put them up on a portfolio site and try to market it. That's one idea... but...
So, BUSO... What would YOU do if I gave you a $2000 interest-free loan and said "Go make money with domains..."