Domain Magnate

About a year ago things were quite different and domainers were encouraged to invest by ever rising prices on both short domains and generics and recent buyouts (such as LLLL.com and premium letter LLLL.net’s) which proven to be quite worthwhile. Minimum prices for LLLL.com’s reached $65 during peak times and there was a healthy supply of buyers. So back in those times it made sense to buy lots of NNNNN.com’s as well and hold them because prices would rise eventually. Which is what many domainers did buying up to 1k of them each. I had 875 of them at a total cost of around $6k – several other investors purchased more than 1000 of them and now realize the mistake and decide not to renew most. read more »

I will be posting more interviews soon with different domainers of all levels, starting from the beginning domainers to the top stars of the domaining community.

Everyone gets a fair chance, the only requirement is that you have to own at least 10 domains and be an active member of the domaining world.

Post below if you’d like to do it and I’ll send you a short list of interview questions to your email.

For previous interviews check out the interviews category

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 »

In this new section I’m planning to post a series of interviews with other domainers.

Unlike other Interviewers I’m not going after the domaining celebrities, but rather much smaller scale domainers and domain professionals like the average readers of my blog in order to give everyone a fair chance to express their opinions and share their views on the industry.

You’ll get to see domaining through the eyes of various people with different domain portfolios and experiences, as well life backgrounds. An unbiased and straight forward approach to domaining by a wide range of domain investors from the newcomers to experienced professionals.

I received several inquires lately from people interested in being interviewed and
some interviews are being prepared now. If you are reading this and you are interested in getting interviewed feel free to contact me by pming on DNforum or Namepros (My username: Michael_Goldman), or by sending an email to ‘contact’ at this domain.

stay tuned for more updates and the interviews

Yeah time passes by quickly. Would you believe it’s been a whole week since DomainMagnate.com was launched?

After one week the blog is averaging over 300 unique visitors per day and growing rapidly. I have big plans for this blog. Many cool things will come out soon.

Unlike many others I’ve been late to the domaining game. Domains with traffic and ppc income were/are too expensive and premium generics are unaffordable. The new players have to use new ways to succeed in domaining: finding bargain deals, following the buyouts and selling.

But there are still fortunes to be made and domaining seems to be living the new boom now, especially inspired by the super high prices of premium generics and quick rise in prices of short domains after big buyouts. Many consider this strategy very risky and it truly is, but the rewards are well worth the risk in this case.

So far most posts of the blog covered the buyouts, because it is the best way to make money in domaining now. How else can you get 1000% in 4 months, other than buying LLLL.com’s?

After the current NNNNN.com buyout we won’t see that many buyouts as in the last months so if you haven’t yet, go and buy some NNNNN.com today.