Godaddy Coupons For November 2009
November 2, 2009
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Domainers Are Delusional
I’ve been away from active buying for quite some time now. I’ve been busy learning development and trying to make money off my “dead” domains.
Having developed some domains and taken them to $10/day from $0/year, I can say that I have gathered some knowledge about domains, and development.
A good domain name is a gem of a thing to have when you start off development.
But honestly, the domains that I’ve seen being sold here, and the prices people are asking for them are absolutely ridiculous. Thread after thread has no bids, with prices falling from $1000 to $100 within a span of two days until a final, desperate call for “$50 BIN, last price! Hurry!” sinks the thread. It’s clear to me that domains, particularly at the ridiculous prices people are asking for them in the forums, aren’t selling.
These prices are not even end user prices. They are beyond end user prices.
I’m not talking of highly brandable, or mega-keyword domains that can be developed into massive web properties, or can attract xxx,xxx monthly traffic. I’m talking of 3-4 word domains in micro niches that won’t get more than 500 visitors a month even if you managed to get it ranked no.1 on Google. These 500 visitors would probably make me $5-10/month. If I have to pay $600 for a domain like that, it would take me 5 years to make a return on my investment. Even if that was a viable business choice (it isn’t), domainers tend to forget that sites in most micro niches don’t stay on top of Google for even 1 year, let alone 5.
I think every domainer ought to try his hand at development to really understand the value of domain names. Thread after thread resulting in no sales should have been enough of a wake up call, but it seems to me that not enough people are really listening.
Oh and one more thing. Although I’ve been guilty of doing it too, the practice of saying “xxx,xxx” Google results is downright stupid. Simply put, the more results a domain has in Google, the higher the competition. What would make a domain more attractive to me would be LOW Google results, not high, because it is damn easy to rank when you have 5000 competing pages as compared to 500,000
So sellers, before you sell a domain and beam with pride that your little pet has 1 million Google results (with quotes!), maybe try and understand that higher Google results is actually a deterrent. High numbers in the Google Adwords tool are certainly very, very attractive, but search results aren’t. The ideal domain is one that has high searches per month as per the Adwords tool, but low competing pages in Google.
So you may ask, what can you tell us about turning our dead domains to $10/day. What have you learned which we can emulate?
Just a few tips:
- 1. Pick low competition, high CPC keywords with at least 3000 EXACT searches per month (not Broad or Phrase) in the Google Adwords Keyword tool.
- 2. If you use Wordpress, use pages instead of posts (i.e., make the site static, not blog style).
- 3. Write at least 10 articles related to the keyword(s). Submit to EzineArticles, GoArticles, ArticleBase, and if possible, to ArticleSnatch, SearchWarp, ArticleAlley and ArticleDashboard. Make EzineArticles your top priority and submit your best work there first.
- 4. Create linkwheels for link juice.
- 5. Get multiple hosting accounts (or hosting accounts with multiple class-C IPs) and use your own PR domains for link juice. Don’t make your site interlinking very obvious.
- 6. Always use a Whois guard if you do interlink your sites.
- 7. Bookmark, submit RSS feeds, create videos if possible, etc. All depends on the kind of niche you are in.
- 8. Experiment with themes until you get a 10-20% CTR.
Having the keyword your are pursuing in the domain itself can be a huge bonus, particularly if the domain is somewhat old or has some PR.
The average domainer likes big numbers and most of them don’t realize when these numbers work against them. The google “search results” is a great example of that. (Note, we’re not talking google exact keyword search results using the adsense keyword tool!)
If you’re serious about making good money in the domain industry today (that goes for 90% of the people in the business) it should be all about developing sites. Why? Because all the top domains are long gone. I should probably mention that “good money” is not a $5 flip. Good money comes with sites that have good ranking + PR, keyword rich content, a solid # of backlinks etc.
How to Find Potential End Users?
Do any of you has regularly sell your domain to end users? If so, do you mind share with me in this thread on how find potential end users for your domain?
I basically only sell to the so called “end users” or at least I sell at the so called “end user prices”
Basically what hat I do is:
- 1) Look for simillar domains and extensions & Conduct searches in SEs for related websites.
- 2) With this I compile a Email list of potential interest buyers (based on website or WHOIS contacts).
- 3) Then I set the name on auction (no FSBO).
- 4) Right after setting up the domain auction I send out a mail to each identified potential buyer, and inform them about the auction. (1 by 1 and personalized for each buyer)
Important in my experience is, that if you want to attend a decent sales price is to set up the auction BEFORE you mail the potential buyers. This has the effect, that it puts indirect pressue on buyers (bid now or you never have a chance again). A FSBO mail to a potential buyer has not much effect, or you just receive a bunch of real low offers.
PS:
It is advisable, to evaluate trademark conflicts before you send mails
