GoDaddy’s Terrible Auction BIN Process

A few weeks ago I was browsing the some of the cheaper BIN domains on GoDaddy’s auction platform as I sometimes do, looking for those elusive and rare flippable gems.
Although this is by far not my only MMO or domaining strategy I have had success using this method at GoDaddy recently and also at places like eBay where some of the cheaper domains can be found.

While at GoDaddy I found a domain name that I thought would be a good candidate for flipping and so I bought it there and then for £6 which is equal to $10. When you buy a domain using GoDaddy’s auction platform, or indeed any platform, the transfer of the domain is not immediate. I have found that it can take 7-10 days for the pending transaction to be complete before the domain appears in your account. That’s fine, I understand and accept that.
On this occasion however, after the 7 days had transpired I got in contact with GoDaddy support to enquire as to the whereabouts of my domain name and I was told to wait a further 3 days, which I duly did. Continue Reading »

F*ck You, Pay Me…

I just read a post by fellow brit and domain dabbler David Carter entitled ‘Why Your Domain Values Suck’ in which David discusses the sometimes arbitrary valuations placed on domains by sellers. It is a very astute and well formed commentary on the often divisive subject of domain valuations and I thoroughly recommend reading it.

David Carter is someone whose opinions and commentaries I respect greatly because of his history and tendency to build revenue generating properties on his domains. However, in response to David’s post, I just wanted to say that all of us are guilty of inflating our asking prices and I don’t think it’s necessarily a bad thing, in most circumstances. These are tough times and in this wonderful industry it is known that you can make some very good money from shrewd investments and making smart moves. A fact which all of us exploit when we can. Continue Reading »

Be Inquisitive and Cunning, You’ll Be Surprised At What You Might Find!

Okay, so I haven’t written a post in a long time but dig this…

I read a lot of the other domaining blogs out there which helps me to keep up to date with news, sales and facts that I might be able to use to my advantage or use to take action which could help me close sales or avoid wasting money.
Most of the blogs I read are aggregated on Domaining.com which is one of the best resources that anyone who is remotely interested in profiting from domain names has at their disposal.

One of the blogs I read there is DotWeekly.com which is run by Jamie Zoch. One of the new features of Dotweekly is the Discoveries series of posts that Jamie publishes which highlight recent domain acqusitions by companies (major corporations like GM and also smaller ones).
I really enjoy reading these posts because they give you an insight into the marketing campaigns that certain businesses might be about to execute. They give you an insight into the value that these businesses place on domain names and this information is pretty damn handy if used correctly.
Since reading these DotWeekly Discoveries I myslef have raised my game in terms of research and have generally become a bit more cunning and inquisitive overall. Here’s an example… Continue Reading »

Bought My First Ever Aftermarket Name!

Happy Saturday y’all!

Feeling good today, returned from a week long ski holiday in France, met up with an old school buddy, had a lovely dinner with the family and friends of Johnny of Johnny Cupcakes fame and went to the official London store opening today. I received one of 100 limited edition commemorative posters which are sure to appreciate pretty damn quickly if the prices of Johnny’s limited edition tees are anything to go by!

As for the title of this post, yup, it’s taken two years but I finally plucked up the nerve to acquire my first aftermarket domain name at Namejet! Continue Reading »

Rockband Domain Names

I read a post on Domain Name Wire the other day about how British rock group The Moody Blues were currently locked in a legal battle involving the World Intellectual Property Forum over rights to the domain name MoodyBlues.com
The group currently use MoodyBlues.co.uk as their official website and clearly overlooked the registration of its .com variant when whenever it was that they decided to establish an online presence.
I’ve personally made a few good sales (NEVER infringing on TMs however) out offering end users superior domain extensions to the ones they are currently using, often explaining the marketing, and competitive benefits of securing certain tlds. These kinds of sales where end users buy better domains have become known as ‘upgrades’ for obvious reasons and there have been a few examples as can be read here  and  here. But it does not look this will happen in the case of Moody Blues.

I’m a massive fan of music from all eras but especially the 60s, so I am familiar with the Moody Blues’ contribution and wish them well. The story got me thinking though of other bands who can’t or don’t use the domain that exactly matches their name. Here a just a few. Continue Reading »

The Psychology of the Sale

I read an interesting post today over on Elliots blog regarding the pricing of items when offering them for sale and how the words you write in a listing can give away your situation to potential buyers, leaving you open to lowball offers and even exploitation by those who have done their homework and know that they can manipulate you into parting with something that is worth far more than you are asking for. (More on this specifically in a later post)

In Elliots post he advises readers to not use words and phrases like “asking price, best offer, make offer…etc which will likely be taken by potential buyers as an opportunity to offer a lower price.”
This can’t be disputed, and can be applied to domaining for sure. But I want to talk about another situation in which you are leaving yourself open to being taken advantage of, and that is when prospecting buyers for your names.
Continue Reading »

Sedo Suggestion

Sedo, wonderful Sedo!

It seems that most of us have Sedo to thank for at least a few of our domain sales which just goes to show how much of a powerful tool and marketplace that they have built.
In fact, some of the best reported sales have been produced by Sedo including TZ.com, JF.com, QWE.com and LawFirm.com. I could go on and on on but just check out DNJournal.com (Cheer Ron).

Recently Sedo has been a hot topic for domineers including Mark over at DotSauce and Acro who has nothing but love for Sedo and FavouriteDomains who had a little beef with their domain adding process.

I’m going to take a more impartial stance however and offer a suggestion which relates to removing names from the domain management facility.
Continue Reading »

Happy New Year and Thanks

Well, the holiday season is almost over and most of us are enjoying the final few remaining days before returning to work and all that other fun stuff that we do when we’re not over-indulging and spending vasts amounts of money for a few weeks every year.
My pockets are lighter and my clothes are certainly tighter but the bright side is that I got to hang with some friends I hadn’t seen in a while and see my family too, so it’s all good!

Of course it’s also the 2nd day of the New Year which means that most of us are two days into the resolutions we set that will probably only last about another week or so, so hopefully y’all kept the receipts for those running shoes and hula hoops that you fooled yourself into thinking you were actually going to use. Funny cause it’s true.

2011 will be my second year of actively pursuing some residual income online and I think I have come a long way and learnt a lot. I sold a few more domains this year, I received my first ever Adsense cheque, but I couldn’t have done most of it without the help of a few fellow domainers.
What I love about domaining, apart form the fact that you can make money doing it, is the community of people that I’ve met or become acquainted with, even if in a strictly virtual sense.
Guys like Shane, Morgan, Sully, and Elliot, just to name a handful. Of course there are loads of other guys who contribute to the community include the big players like Schwartz et al who I have the utmost respect for, but the core handful of daily, consistent contributors are the ones who I really admire for their sheer determination, effort and friendliness which is just great to see in an industry which is still so often frowned upon and bitched about. So guys, I thank you and all of the other guys and gals who I may have omitted.

Now, I’m not going to list my domaining goals like a lot of other domainers have because I just want to keep going and keep progressing in this game without imposing too many time limits and rules on myself. I know where and how I can scale and what I need to focus on and that’s all I give a shit about. It’s up to me to implement them and put in the effort, so posting goals really has little consequence in my personal opinion.
Domaining for me is still very much a hobby and not a business at this stage and I have other things that take priority over it, like my day job and my music, so I don’t intend to post an awful lot unless I feel I have something of real value to contribute.

One thing that is for sure however is that I do look forwarding to keeping abreast of the news and developments within this lovely little community and seeing what my efforts and indeed yours yield in the coming year.

So, Happy New Year, Thanks and Peace.

Further Domain Sales Experiments – Placeholders

I don’t know about you but I have almost forgotten what it feels like to receive an email enquiry about the sale of a domain name, or an unsolicited offer via one of the domain listing services.
In the last few months I have been focusing my efforts on getting my domains in order, developing the ones which I think would do well as minisites, and experimenting with other forms of revenue generation such as affiliate marketing.

Recently however I decided to delve back into active domain sales and try and find out why my names just weren’t selling.
Now, I feel I’ve been doing this whole domaining thing long enough to know a crap domain from a good one, so I don’t believe that my lack of sales is because I’m trying to hawk newbie style names to people. I’ve been there and done that and come through it thanks to paying attention to the guys listed in the “Sites I Dig” section and also by keeping an eye on the domain sales to see the kinds of names that are doing well and that people are buying up.

Recently I have noticed that product domains are doing well which is certainly of some comfort and encouragement as I own a few of these and have developed one or two which don’t do too badly in terms of revenue generation and which buyers may take an interest in, so it is good to keep an eye out for the trends.

But I digress…

Continue Reading »

Fiverr.com – A Useful Outsourcing Destination

I don’t know about you, but for me, time is of the essence and I hate wasting it. And I can only speak for myself, but I don’t have a great deal of disposable money to plough into my domaining, web development and residual income pursuits, so I always ty to get the most out of my money and time wherever I can.

Outsourcing has been around forever and allows huge, global conglomerates, medium sized businesses and mom and pop stores to save money and time wherever it can be implemeted by basically getting someone else to do the work they don’t have the time, knowledge or resources to do themselves. Recently plenty of domainers have been talking of outsourcing online to help get things done and I decided to give it a go myself.

Thing is, I like to to think I’m an organised person and I hate clutter and ineficiency. So for me to spend hours trawling through cold looking forums and the wider web in general looking for good quality content writers and web designers to do some work for me at a price I am willing to pay just does not constitute time well spent. Lucky then that I stumbled upon Fiverr, or “the place for people to share the things they’re willing to do for $5″ .

Continue Reading »