It's a big risk. I've bought literally thousands of domains through the years and have made money at times and lost money at times.
Not sure about that...
I have never lost a single cent on the investment and I am up there...
You have all seen all my post on this already - but I don't even try to sell them. I have them to use for my own purposes. The fact is I am understaffed and can't build everything out as fast as I want to.
So, in the meantime I park - and through the course of a month I get about 4 inquiries collectively. On 4 separate names. If it's in incredible offer I will sell a few per year. which usually pays for my entire portfolio. That's not the important part I am trying to have you focus on.
How anyone can get below $60 for a name is beyond me... and the standard almost "off the shelf" offer I get is $100 ... which is of no interest to me.
The more I see that people are really interested in this .... I was thinking of starting a very personal service. I can absolutely guarantee that I can not loose money domaining.
I don't search for popular keywords ..I don't look for PR rank ... or anything. I simply do what I do and it's has always been successful.
Some people buy stocks .... I buy domains.
There's people who are day traders...and people that sit on the stock. This is virtually the same thing with domains. More profoundly I buy web real estate that can not be replaced.
You can not have two of the same properties on the same corner. They are one-off .com's // there will never be another 'thisname.com' -- of course as long as you renew every year.
I was thinking of making a service charging a low monthly membership for the flat rate of the service. Then you tell me what industries of interest you have. I search the names that I (claim) are undoubtedly worth it and present a batch of them to you based on the industry you tell me. And you pick out of what I have suggested. I then register under the company that I create centralized around this service. I am just roughing it with this whole idea ....so don't hold me to it just yet ...
Then there would be 2 other important parts.
1. You pay per name you want and the company acquires. The name is made available for sale.
2. When the name sells the company revenue shares a favorable commission of 40%-50% of the sale for suggesting the sure-fire name that will sell.
Last part would be .... what if it doesn't sell? and how long does all this take?
I would say I set a reasonable time frame of 30-60 days. If the name doesn't sell you would have the choice for the company to buy it from you at the price acquired for (company then has full ownership) and you are immediately reimbursed. OR... allow another set of days to continue sale.
This is just like being a mortgage broker ... we list and do everything to get the name sold. When we do - you are paid ... we are paid. If not you get your money back.
Why would I think that this works ....?
I can sit here all day and tell you names that sell. But for some reason people seem to find much difficulty in something I find as easy as breathing. That's not meant to be taken the wrong way ... I have background to back this up and have been doing this a long time. I can also search and acquire the same way I do for myself. (my own techniques)
Here's why I could do this for you and not....
I have long term objectives with my names. Not short term. I become attached to the name and only buy names I can fully visualize a service around. I would not buy 1 that I couldn't see creating a profitable business around no matter what it is. Which makes me 'different' from 'domainers' - that would probably laugh at my point of view.
If I did this as a personalized service for others - I am would not be attached to the names in the same why I am with my own - meaning I can focus my efforts on the flip mentality that I guarantee can be done easily. With mine - I would NEVER think of selling a names for $60 or $100 ... actually ..I wouldn't sell any I have for less than $1k ...and even that is hard for me. (trust me I have turned down those offers) ---you think WHAT?? off of an $8 investment .....your damn right. I know what I can create with it.
Over the lifetime of the name ....and the future of the net.
So generally it would work something like this ...
I think if I kept everything almost flat rate of say $60-$100 ...I could flip easily. Which would look something like this for you:
For every roughly ($10) spent ......you get $30-$50 back.
At the very least you get your money back. How many businesses do you know of that offer that kind of program?
Is Sedo selling for you ? NOPE. They have nifty service like everyone else out there... but they don't care if you sell or not.
This would be focused around once principal only ... Flipping Fast.
Turnkey good names at affordable prices to the buying public.
Still tossing ideas around. Anyone care to poke holes in this ?
I am open to subjective criticism.