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In the process of domain investment, there are many considerations to ensure that the domain can be sold later. If you already own a domain, you have three options: sell it, renew it, or abandon it.
In the process of domain investment, there are many considerations to ensure that the domain can be sold later. If you already own a domain, you have three options: sell it, renew it, or abandon it. If you want to continue buying domains for investment, here are ten questions that domain investors should consider:
1. Who Needs This Domain?
Identify the practical use of this specific name. If you find it difficult to create a list of potential uses, or if your list has only one or two possibilities, you may want to consider another name. The more potential buyers, the better.
2. Would I Start a Business with This Name?
This point relates to the quality of the domain. Imagine someone offering you seed capital to start your business, perhaps $50,000. If you had the money and the necessary skills, would you choose this particular name as the foundation of your business? If you wouldn't risk your funds on this domain for business, why would someone else?
3. How Will I Price This Name?
Decide how to price the domain before acquiring it. While you might think worrying about pricing later is acceptable, whether this acquisition makes sense depends on the price and potential selling rate. If you struggle to suggest a price, is it because you don't understand the niche or industry well enough? If, considering the niche market and potential uses, the price should be fairly low, does this acquisition still make sense?
4. What Comparable Sales of Similar Names Exist?
What is the typical startup funding level for businesses using this name? What portion of that cost is reasonable for the name alone?
5. How Are Competing Names Currently Priced?
How many years will I keep this name? While you'll reconsider renewal decisions every year, ask yourself how many years you would keep this name even without offers? Let's assume it's 10 years. The cost of the name is not just the purchase cost but also the cost of renewing it ten times.
6. Can I Afford to Take This Risk?
No name can guarantee a profit, or even a sale at all. Are you prepared to never sell the name and lose your entire investment? How close is your acquisition price to the potential quick-sale liquid value?
7. Is This the Best Use of My Money?
This is one of the most critical points but often overlooked. Your spending on domains is limited. Use it wisely. So, for every acquisition, compare it to other ways you might use these funds.
8. What Is My Sales Strategy?
Once you have the name, what actions will you take to increase its chances of selling? Where will you list the name? If they are carefully targeted markets, what is the likelihood of this specific name being accepted?
9. Do You Plan to Only Buy or Also Make Offers? If So, How Much?
Do you plan to use outbound efforts to increase the chances of selling this name? If so, which specific companies or types of companies will you contact? What will you say in your brief outreach communication about this name as a promotion?
10. Does Holding This Name Create Stress?
Are there risks (such as potential trademark or other legal issues) associated with this name? Even if you think everything is fine, considering there are many names every day, do you want to deal with this stress?
These are the questions to consider for domain investors in the latest domain investment trends. Domain investment continues worldwide, with a growing preference for short, valuable names and less interest in longer names with unfavorable meanings. Regardless of the type, the domain market remains profitable.
20 Dec 2024 03:47:12 PMIndustry Information
XPayments is a product launched by Musk's X platform, and this name, which was once well-known in the payment-related business field, has now been officially renamed XMoney.
20 Dec 2024 01:37:14 PMIndustry Information
HKBTC.com successfully completed the transaction through DN.com. This domain name is very unique, split into "HK" (Hong Kong) and "BTC" (Bitcoin), which clearly shows its close connection with Hong Kong and Bitcoin.
19 Dec 2024 04:04:07 PMIndustry Information
My Healthy Home, LLC (the complainant) attempted to reverse hijack the domain name healthyhomeexperts.net through the UDRP (Uniform Domain Name Dispute Resolution Policy).
19 Dec 2024 03:22:41 PMIndustry Information
In December 2024, the Russian government plans to launch a simulation exercise about leaving the global Domain Name System (DNS).
On December 17, Betz.com was successfully traded at a price of $240,000. This news undoubtedly injected new vitality into the market as the holiday season approaches.
Industry Information 18 Dec 2024 02:54:07 PM
Talend SAS, a French company that holds the TALEND trademark series, initiated a UDRP action against the domain name RenTALEND.com, which was registered in 2024.
Industry Information 18 Dec 2024 11:09:44 AM
The latest market value of Bitcoin has climbed to $106,977.13. This price leap marks further recognition of Bitcoin and has also promoted the vigorous development of cryptocurrency and blockchain technology.
Industry Information 17 Dec 2024 04:17:14 PM
Turk Hava Yollar (Turkish Airlines) filed a Uniform Domain Name Dispute Resolution Policy (UDRP) application with the World Intellectual Property Organization (WIPO) with the intent to acquire the domain name Thy.co.
Industry Information 17 Dec 2024 01:45:51 PM
In October, Anguilla selected Identity Digital to operate the lucrative .AI domain space. Now, for the first time, .AI registrars have access to 24/7 technical support from Identity Digital.
Industry Information 16 Dec 2024 02:26:26 PM
Previously, Anybody.com was listed on Afternic for $1.249 million. On December 15, someone claimed to have successfully acquired the domain name, but the specific price was not disclosed.
Industry Information 16 Dec 2024 10:53:40 AM