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Creating service in low competition, Should I buy all related domains to protect myself?

Discussion in 'Domain Names & Parking' started by f8maker, Jun 9, 2014.

  1. f8maker

    f8maker Newbie

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    I'm creating a variation of a service that exists in one market and applying it to a whole new market. I'm pretty sure there's money to be made. I looked at keywords and competition. Very little competition and most direct match domains are available with the exception of the .c0m's for the main keywords. I contacted the owners of the .c0ms and they want tens of thousands for them so those are out of the question.

    Should I spend $500-$600 to buy all the related domains to protect myself from competition and get better traffic??
     
  2. f8maker

    f8maker Newbie

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    Any advice on this? I'm leaning toward buying all the domains. Even considered starting to start a domain business since I'll be buying so many at once.
     
  3. youtalkmedia

    youtalkmedia Senior Member

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    depends on how profitable it is, and how much you think you could make with it.

    If this is your first attempt at a business, you may be overlooking a lot of competition that may already be out there (maybe similar keywords)

    If you have the money to buy them all, and you have the budget to go full force in the niche, then go for it. But look at what return on investment (ROI) you will get before making the decision. You could spend thousands to end up making s couple bucks a day.
     
  4. f8maker

    f8maker Newbie

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    Thanks for the answer!

    Its not my first venture, I'm a programer so I save money by creating my own stuff. From my calculations and comparing to another venture I have, it seems like $1k-2k/month is doable. My fear is that once I start, competitors will start buying the domains. ROI is definitely a way to decide.

    I might just buy a handful of domains and then use those profits to buy and launch sites on each domain till I own them all. There is one main competitor and other than that everything else ranking is unrelated random sites.
     
  5. yenerich

    yenerich Jr. VIP Jr. VIP Premium Member

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    Competitors only will buy domains if there a big bucks, otherwise i dont think you need to buy many domains. You could find a better use for this budget, maybe ads or anything that helps your business to grow. Only if it gets really big, you will need to buy all this domains.
    Personally i don't put it high in the todo list.
     
  6. User9876

    User9876 Newbie

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    I bought all my relevant domains....
     
  7. Alpha7

    Alpha7 Junior Member

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    If you can get the relevant Domains cheap, buy!
     
  8. mistodin

    mistodin Newbie

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    I am also reserved at the idea to buy many domains.

    emd may still work, but, it is said to be less and less efficient, so there may not be much SEO interest to own many domains.

    Brandability of domains is certainly a more interesting thing to consider. you might want to buy other highly brandable domains available. Perhaps you can market your main product under different commercial names on several different domains.

    Overall, my guideline is bitcoin, a very hot new subject. Hundreds or thousands of domains have been discovered, and I can't imagine that an early bird entrant would have found much value to buy a myriad of domains (except to flip them later).