Aiden Roberts

Obviously I would not expect people to give their secrets away but thoughts on where the money is in internet based business would be interesting!

I have added a poll with a few options, feel free to recommend more if you think it's relevant.

Aiden

Edwin

Selling domains to end users seems to be a good way to go. That, and developing selected domains (best to focus more on less sites, rather than spread yourself thin across dozens or hundreds - Google's less likely to throw a wobbly and dump you out of the index if you're a "large" site with decent, unique content)

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BREWSTERS

I've gone with sales to end users as that's where my focus is. But the real money on the net is in providing a global service that 'clicks' with the masses...Ebay; Facebook; Twitter etc. That's where millions become billions, and billions will soon become trillions. Makes domaining look like a cottage industry...oh wait...it is!

sdsinc

Domain sales.
The margins are high with domain names, but you have to be picky.

Now some people will do better at development than pure play domaining, or vice versa.

Aiden Roberts

Thanks Edwin

The end user route does seem to be the most sensible and lucrative route, that said it is frustrating when we read the posts about end users not understanding the value of a good domain name or by the sounds of things being totally indifferent to domainers. I have read that creating a sales/marketing pdf for decent names is a good idea (just need some decent names now ) which leads me onto your next point.

One or two good names developed into big/quality sites rather than a scatter gun approach also seems to have been spoke about a lot lately and endorsed. I can see the logic in this but feel it is difficult for us newbies as getting hold of a decent name is easier said than done and the cost involved in building a brand from scratch with a "brandable" would require deep pockets!

Really appreciate your input Edwin and I am sure many others do also.

Aiden

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Aiden Roberts

Thanks Brewsters

Good luck with the end user route I am sure it will be worth it. I agree about the global service; it's just coming up with that killer idea. I suppose the internet is the best place to do it though and the next Facebook is probably just around the corner maybe from an acorner.

Thanks

Aiden

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New Domainers How I started in Domains including my success and failures.

Aiden Roberts

You make a good point sdsinc, "the margins are high".

In posing my original question I sort of expected the flipping and end user options to lead the way because we are on a domain name led forum, with the potential for high margins sales a real possibility domaining initially seems to be where the money is. It will be interesting to see were the money is at the end of the month when the poll closes?

I think Edwin has given us a good business model to work at if we can secure the names.

Cheers

Aiden

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New Domainers How I started in Domains including my success and failures.

Edwin

Sell a few generics to end-users, but instead of rushing out and buying a bucket more domains, save up and buy just ONE decent £x,xxx+ domain name in a commercial niche that you believe you could get "enthusiastic" about. Then build that out...

Rick (Domain King) has a great post about domains and diamonds that illustrates the first part very well.
http://www.ricksblog.com/my_weblog/2...-diamonds.html

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Please note: All sale prices over a week old are automatically invalid. No exceptions. Thanks!

Aiden Roberts

Great Advice

I have been busy making newbie mistakes and it's taken 7 months to come to the plan that you have just described, I wish I would have started this thread 7 months ago.

Thanks Edwin

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New Domainers How I started in Domains including my success and failures.

Aiden Roberts

Thanks for the link that makes a lot of sense. I think when you first come into domaining it is easy to become complacent, we read stories of big sales, when we look at these names that have sold for big money it's easy or stupid to think "that name is crap and I can do better". After a while those in it for the long haul start investigating why a name went for so much, what made it worth the money and that's how and when you find the bigger diamonds.

Thanks Edwin

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New Domainers How I started in Domains including my success and failures.