Easy Money with Proper Name Domains

Advice for Beginners, Buying Domains, Domain Auctions March 31st, 2011

Battl.com at auction

I’ve had good luck selling “proper name” domain names, by which I mean common names like AprilSmith.com, JohnLouis.com, etc. I buy these at auction for the minimum bid (usually around $60), and I’ve sold some for several hundred dollars. I just sold MattGreene.com for $200. The buyer was – you guessed it – Matt Greene. That’s the best part about these proper name domains. You don’t have to market them or go looking for buyers. With any common name there are usually hundreds of people who have that name, and sooner or later one of them will contact you about buying the name.

With MattGreene.com, $200 is not a huge amount of money, but it’s still a decent profit for minimal work.

So if you’re looking for a simple investment that is sure to turn a profit, look for these common proper names. Don’t pay more than the minimum bid or a few bucks over, then just park it and wait for that person to come calling.

Buying and Selling Common Proper Names

Advice for Beginners, Buying Domains, Domain Auctions, Selling Domains June 17th, 2008

Common peoples names as domain names

A few months ago I was browsing some of the domains coming up for auction at NameJet and I had the idea to see what sorts of common people’s names – I mean the names are common, not the people – might be dropping. I looked at several names and ran Google searches on them, studied the results, and considered their search popularity.

I ended up back ordering a handful of names, and won several at the minimum bid of $69 each. These included AprilWilliams.com, LauraVega.com, and MattGreene.com. I thought I might contact some of the people with those names and try to sell them the domains. As it turned out I got busy with other things, but only a few months later I received an offer for AprilWilliams.com through Sedo, and sold it for $500.

If you’ve been trying to acquire generic domains at auction and getting outbid, you might try some real “names”. If they’re common enough there’s sure to be a market and a steady trickle of traffic, and at the moment there’s not a lot of competition for these domains.

Snapnames and Namejet: an Important Difference in the Bidding Process

Buying Domains, Domain Auctions, Domain Catchers March 8th, 2008

an important difference between Snapnames and Namejet

There are a number of important differences between Namejet and Snapnames, two popular domain drop-catching services. But there’s one difference in particular that you need to watch out for. It has to do with the auction process.

Namejet.com is, of course, the new domain name drop-catching service that has stolen a lot of business from Snapnames.com. Namejet now gets the domain names that expire on Network Solutions or eNom, while Snapnames picks up expiring domains from dozens of other registrars all over the world, large and small. When I want a domain name, I always back order it at both sites, as well as Pool.com, just to be safe.

When Namejet first debuted late last year, their interface was very buggy, but they seem to have worked out the glitches.

Another point on which Namejet lost to Snapnames was that on Namejet you could not see who you were bidding against when a domain went to auction. They have since corrected this problem and now, once you’ve back ordered a domain name, you can see a complete bid history showing each bidder’s handle, bid amount and time/date of bid.

Watch out when back ordering on Namejet, though. Their back order process works differently from Snapnames.

On Snapnames you can bid the maximum amount you’re willing to pay and the amount will not be displayed to other bidders. Snapnames will increase your bid incrementally as you are outbid, first by increments as small as $1, then increasing to $10 and eventually $20 as the bid increases.

I like this system, because I can look at abc.com and say to myself, “I’d pay as much as $5,000 for that, not a penny more.” So I put in my bid at $5,000, even if it’s still only at $70, and I walk away. Once the auction starts Snapnames will walk up the bid for me incrementally. If I end up getting the domain for $1,000, great. If it costs me $4,500, ok, I was prepared for that. If I get outbid and it goes to someone else for $5,100, well, that sucks but I said in advance that I wasn’t prepared to pay that much, so my absence has enforced a sort of unconscious discipline on my bid.

Namejet does not do this. If there are five current back orders at $69 each, and you order the domain for $5,000, the bid is immediately increased to $5,000 and that is visible to everyone. If you win the auction you will pay $5,000, even if none of the other bidders go above $69. That’s awful. Maybe the other bidders would not have paid more than $1,000, so that’s a wasted $4,000 you did not have to spend.

What that means it that if I really want the domain name I must be present when the auction starts, and I have to sit there, manually increasing my bid by $10 at a time or whatever, until the auction ends.

I don’t care for that system and I have asked Namejet to change it. I will continue to place back orders on Namejet because of the quality of the domains dropping there, but I am careful with my back orders.

How to Find Great Domain Names: 12 Super Tips

Advice for Beginners, Buying Domains December 21st, 2007

how to find great domain names

Do you feel like it’s too late to get into domaining? Does it seem like all the good domains are gone? Are you looking for concrete advice, and not finding it? Well, here you go. Some of these are tactics that have worked very well for me. Others I have borrowed from top domainers and tips I’ve spotted on domain discussion forums over the years.

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Five Keys to Domaining Success

Advice for Beginners, Buying Domains, Life Issues, Quote of the Day, Selling Domains November 19th, 2007

Five key to succeeding in the domain name business

“Many of life’s failures are people who did not realize how close they were to success when they gave up.”

– Thomas Edison

Having a hard time with this domain name business? Or for that matter, with any other challenge you’re facing in life? Have you been working at it for a long time and starting to feel like you’re not going to get there?

Don’t give up, evolve. Learn from your mistakes.

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How to Negotiate Domain Name Prices

Buying Domains, Domaining Mistakes, Selling Domains September 5th, 2007

How to negotiate domain name prices

A recent study published in the Journal of Personality and Social Psychology analyzed the tactics people use when negotiating, and how well buyers and sellers feel that they negotiated once the deal is done. The study contains some interesting lessons for domain name professionals and anyone else who deals with products with negotiable prices. It turns out that most people don’t bargain very well, and don’t get the best possible price, whether they are buying or selling.

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