Posts Tagged ‘appraisals’

My Domaining Strategy + A little Test

Posted in Articles, Auctions, Country tlds, Tips on August 3rd, 2008 by Michael – 1 Comment

How do I make money domaining?

Well by most part it comes to:

  1. know the market well
  2. buy low
  3. sell high

Domaining is a strange market. There are the end user prices and the market/reseller prices for any domain - both can vary a lot and there is a lot of money to be made on these differences.

However the risks are high, so you have to know the market very well. Being able to appraise a domain as close as possible for any specific marketplace is among the most valuable skills for a domainer. read more »

Domain Magnate reports: $50K in July Revenues

Posted in Auctions, Bido, Opinions on August 1st, 2008 by Michael – 10 Comments

Despite the recession in US economy and a certain amount of uncertainty in the domaining market July 08 have been pretty good for me. I had around $50k in sales, with over 2/3 of it being profit. While most sales were private and the buyers preferred to keep them confidential, couple of the top sales are through public auctions so I can mention them here:

Dickinson.com $12K on Bido
Krom.com $5,5k through AfterNic
Harlot.com $5145 on Bido (I owned 50% of this one)

I rarely disclose my earnings and report sales, however I feel this is needed to encourage others to see the hidden opportunities in domaining. What I like most about the industry are the large gaps. Appraisals always range widely and so do auctions and sales, it’s not unusual to see domains being resold for 2x and more shortly after. read more »