Domaining is one of those online businesses that require some financial investment. Many newbie domainers get discouraged at the mention of the word “investment”. Investment you make does not have to be big. You can get started with as little as $10. Buying good domains at cheap price requires you that you understand well type of domains and their resell value. You also need to be good at negotiation. In this blog post I intend to discuss some unconventional places where you can get some great domains at cheap price.
Before we get started I want to cite the cast of Ali Zandi, who started domaining in 2014 and reached to pro level in less than one year. Ali Zandi entered domaining business in mid 2014. In next 7 months to follow he had made mind blowing sales over US $700, 000. The curious thing about his success is that he had no premium domain in his portfolio. Instead he sold keyword rich domains like CupCakeFrosting.com, ExoticCarAuction.com, and NearestRestaurants.com etc. I am sure he had hand-registered most of these domains.
Let’s go back to the topic.
The first thing you got to keep in mind is that the domain trading industry is extremely competitive. Many big companies and corporate are involved in the domain business. They own tens thousands of valuable domains. Obviously all the good and valuable domains already have been gone.
The best strategy for newbie would be to buy domain(s) that is within their capacity of investment. With limited budget you got to be choosy. Suppose you have $2000 for investment. With this meager amount you can’t hope to purchase a LL or LLL com domains. The resell prices of these domains are much higher. But with $2000 you can certainly buy a quality LLLL com or LLL net or a dictionary word domain and flip it quickly for profit.
Okay! Let’s get back to the main issue in the article: unconventional places where you can buy good domains for cheap.
The best places to buy quality domains at less than resell price are of course forums. Namepros.com, DNForum.com and DomainState.com are at present the most popular forums, where trading is done at less than resell price. If you scan these places on daily basis, you are sure to get hold of many hidden gems at cheap price. You will often find one word COM domains seling for handful of dollars. Forums are the best place for fresh domainers.
Another secret and great place is eBay. Many domainers are not aware of the fact that many great domains are regularly traded on eBay. There are some very good domain shops selling at resell prices or through auction. Many a times high quality domains get zero bid and remain unsold. So, make it a habit to check eBay regularly and grab quality domains if you spot.
Another excellent place is Bido.com. Bido is a low profile marketplace for domains, where domains are usually priced less than $500. You can buy some excellent keyword domains, LLLL, numeric domain and letter number combination three character domains at an affordable price.
There is another very effective way to buy quality domains at cheap price. What you would do is to do your research, shortlist the domains you want and contact the seller(s) directly. Many domain owners are part time domainers and don’t keep track of latest happening in domaining industry. They don’t market their domains but hope some buyers will contact them. You have to search for such sellers. It is easy. If you like a domain, just search the whois database and note the email address. Then text an email with an offer and negotiate your way to an ‘winning buy’.
Places like Sedo,BrandBucket,Flippa and brokering places like Media Options and Domain Name Sales are not good places for purchasing domains though they have quality names. They are end user marketplaces
Newbie domainers should resist the temptation to go on a buying spree. The hard fact is that buying is easy but selling is very difficult. This is more so when you don’t understand value of the domains you are buying. Successful domainers understand this and curb their buying instinct. They are more focused on selling their current