Introduction £50k budget, how best to spend?

[PredPred is verified member.]

Some good advice and also some in jest.

A good plan is to take 1% of your budget and spend it in the next 6 months, yep £ 500.00 or about 50 odd registrations with 1&1. Use that experience (with all its mistakes) to spend the next 10% your budget over the following 6 months to prove revenue/sales. I think you invest far more wisley by taking a stepwise approach.

Just my thoughts anyway !


JohnP

just don't reg any with 1 and 1. that would be your first big mistake. lol

 

[retired_member11]

Do your researching and reading up. Then stop doing that and make your move. 'Doing' is how you really learn what works and what doesn't, and if you see an opportunity don't hesitate because it will soon be gone if you do.

 

[EdwinEdwin is verified member.]

With that kind of budget, your best bet may be to approach the owners of under-used "excellent" domains and make them hefty offers, without even referring to traffic, revenue etc. In other words, find people sitting on superb generics that aren't doing anything at all with their domains (no parking, no site, nothing) and try and excite them with 5k-10k to part with the domain. Just don't make the mistake of asking them about traffic, as most likely they haven't even heard of domain parking or typeins and don't really understand the full value of the domains they had the foresight to register way-back-when...

It's quite a lot of effort, but you should be able to pick up at least once really good name for every 20-30 end-user owners you approach and go through a dialogue with.

It's also worth spending a bit of time familiarising yourself with the biggest players in the .co.uk namespace, as none of them are likely to sell their names cheaply. You're really looking for individuals/companies owning just 1 or 2 names, or perhaps a small handful, NOT domainers!

 

[sparkie]

Some great responses, thanks everyone.