Comments on: You Can Start Today and Still Be a Successful Domain Investor

By: whoknows

whoknows — Wed, 09 Dec 2009 16:29:06 +0000

I’m a new domainer. I would be willing to detail how everything goes using a blog.

I will buy a website for $1-50 and see how quickly I can turn that investment into profit. It will be a fun and interesting adventure.

By: Stephen

Stephen — Tue, 08 Dec 2009 20:14:31 +0000

These 2 points suggested by you for being a Successful Domain Investor look very informative and I am surely going to try these.

By: @crowdmanage

@crowdmanage — Tue, 08 Dec 2009 12:33:21 +0000

How about the $50 challenge starting Jan 1. All readers of Elliot’s Blog are invited to see how much they can turn $50 into over the course of 2010, and publish the results monthly. You just set up the interface and the readers post updates. There would have to be some rules such as arms length transactions only i.e. cant start with one of your own names that you/estibot values at $50.

But thinking about it the problem is that one year is too long for a competition, and with domaining you would need at least that long.

Tyler Cruz’s publisher challenge works for affiliate marketing, but for domaining maybe the same thing wouldn’t work.

Perhaps a low risk and effort way to do it would be to set the challenge, and folks have to register in Jan, and then report to you the results in a year. Then you can make a post out of it. I am sure there would be a few interesting twists and turns.

By: Elliot

Elliot — Tue, 08 Dec 2009 12:20:34 +0000

@ crowdmanage

I’ve actually thought about doing something like that before, but it would take up too much time and would hurt my business. If I didn’t put a full effort into it, the results wouldn’t be accurate.

By: @crowdmanage

@crowdmanage — Tue, 08 Dec 2009 10:05:43 +0000

Elliot, How about setting aside $500, invest it, and report on it for two years, what you buy/sell and turn it into. This is is 10 times what you said you could make a success out of, and would be a really interesting case study for your readers!

I guess one of the problems would be that sometimes you have to sign a CA and can’t really talk about the domains. Maybe you could just refer to them as longtailshopping.com cityname.org etc. But then that wouldn’t be as interesting.

By: Arseny

Arseny — Tue, 08 Dec 2009 07:43:16 +0000

2) “Quick Flip Formula” covers this strategy. Really would recommend it to any domaining novice

By: George Pickering

George Pickering — Mon, 07 Dec 2009 22:58:29 +0000

2) is a great idea.

By: Calvin

Calvin — Mon, 07 Dec 2009 20:50:35 +0000

One of the things I did when I first started out was I sold a bunch of domains to different endusers at around $30-50 each. I kept those contacts. I now have huge amount of contacts who regularly buy from me.

It’s important to serve different niches when using this approach. Another thing I do is for every domain that I sell to an end user, I buy 3 more similar names so I can contact them in about 6 months to a year.

By: Ron

Ron — Mon, 07 Dec 2009 19:00:58 +0000

Great post Elliot.

This info is not only good for beginners … but also for those who have been in the business for awhile.

Thanks!