In this long post ‘I’m going to show you how to make money selling domains in forums?’ Mind that I’m not talking about domain forums but other niche forums, where you will find a lot of end users. This method is as easy as ABC.
So, let’s find out how to make money selling domains in forums.
How to make money selling domains in forums?
Every domain on this planet Earth has a market value. The IWouldMarryJenniferLopezInMyNextBirth.com, you will be startled to learn, a market value of approximately zero!!!On the other hand, in January of 2016, Stroke.com was purchased for $60,000 and Penis.com came into the hands of new ownership for $110,000.
A domain flipper will register or purchase a domain at one price and, in a short period of time, often hours, days, or weeks, will endeavour to sell that domain, to flip it, for a higher price. Time is, therefore, the distinction between conventional domain trading, where domain traders often hold onto their domains for years, and the more rapid domain trading activity of domain flipping.
It requires no domain flipping know-how – since everything you need to know wi be explained – and in fact, you will need only 3 things to pull it off:
A few bucks to register domains at Godaddy.com.
Inexpensive virtual hosting on a fast WordPress host.
A handful of available minutes each day
If you’re ready – let’s begin.
In a nutshell, this is Lazy Domain Flipping method. We are going through following steps.
Find a handful of forums, same niche, allowing commercial signatures.
Scrape Keyword Planner for high search volume keywords.
Determine which keywords are available to register with COM extension.
Filter available domains for high-value domains.
Register 1 or more of those domains.
Throw up a For Sale page for each domain.
Plonk an ad for them in your forum signatures.
Nibble doughnuts, post on forums.
Receive emails from keen potential buyers.
Sell through Escrow.com
Go over to Liz’s place.
Have a cup of tea and wait for this whole thing to blow over.
Imagine, just for a second, that you’re on a forum surrounded by nerds.
I know, I know; just imagine!Further, imagine . . . that these are Niche Nerds.
Now let me tell you something about the species known as Niche Nerd:
They live and breath their niche.
Although, to them, it is not niche. No no. To them – it is PASSION, BY GOLLY. And a passionate nerd, a Niche Nerd, is the ideal prospect for domain flippers.
Here, let me explain.
You have a nerd. Curtis ‘Booger’ Tron.
Booger likes radio controlled drift cars. Sorry. Booger is PASSIONATE about radio controlled drift cars.
To Get His Nerd On, Booger is known to do the following:
-Chat about RC drift cars on forums.
-Write about RC drift cars on his Blogger.com blog.
-Build and drive RC drift cars in virtual worlds.
-Build and drive RC drift cars in real life dot.
-Buy RC drift cars and parts off Amazon.com.
-Watch videos of RC drift cars on Youtube.
-Nerd Out on RC drift cars on socials.
-Attend RC drift car conventions.
-Buy RC drift car t-shirts.
-Buy RC drift car books and magazines.
-Subscribe to RC drift car newsletters.
-Hang out in the den, chatting about RC drift cars with Lewis, Gilbert, and Poindexter.
-Go to bed thinking about RC drift cars.
-Dream about RC drift cars.
-Consider changing his name to R. C. Drift Cars.
You’re on a forum, a forum about RC cars.Booger, he claps eyeballs on your forum signature:
Question: Will Booger email you?
Booger will email you, will hunt you down, will tie you to a bed in the Mount Rosmer, will threaten to hobble your domain-owning ankles, and finally, he will, in no uncertain terms, elucidate in hushed, desperate tones, eyes burning with desire:
You. WILL. Sell.
You need approximately 20 minutes to set up the selling machine this morning:
2 minutes to find niche forums.
2 minute to scrape keywords.
15 minutes to find 5 domains.
In this first stage, I want you to consider 2 items:
Nerd Niche, and
On TheBiggestBoards.com, you’ll see – spoiler – the biggest boards, and these boards are, by default, ranked by post count.
Scan your eyeballs down the list, and when you see a niche, tab-open a handful of forums about that niche.
You want to find out if those forums allow commercial signatures. Select threads with plenty of replies and investigate the signatures.If you see commercial signatures, you may well have found your Nerd Niche.I’m going to select these 2 Nerd Items:
RC Car Forums
For the purpose of writing this tutorial, I’m going to say that my Nerd Forums allow commercial signature. Make sure you find out certain domains.
You have a potential Nerd Niche, and you have a plethora of Nerd Forums, most of which allow commercial signatures. Question is, can you find a domain that Booger will want to buy? Well, let’s find out. We need to use 3 services:
Godaddy Bulk Search.
Tab-open those 3 services.In Keyword Planner, plop in a search for a relevant primary keyword (in my case, I put RC), and when you receive the results, click on Keyword Ideas, and filter for Average Monthly Searches. You will now have up to 801 search terms, ranked in order of search volume; the most popular search terms last month to the least popular search terms.
We now want to run those keywords through Godaddy Bulk Search and see if any great domains are available to register. But, instead of ploppping each one into Godaddy search, we copy and past 500 keywords at a time.
To prepare the keywords:
1.Click Download button.
- Excel CSV.
- Save to Google Drive.
- Open File
To copy the keywords:
Left-Click the first keyword in the Keyword column.
Hold the Shift key on your keyboard.
Press the down arrow until you get to 500.
CTRL + C
To perform a Godaddy bulk search:
Tab-open Godaddy Bulk Search.
Left-Click the form field to remove the text.
CTRL+ V to paste your keywords.
Remove any characters that are not English numbers and letters.
After a few seconds, before you will be a list of domains that you can either register or buy, and these domains are filtered according to search popularity.
In other words, each domain on the list is an EMD (an “exact match domain”), a domain that is the precise, exact match for a search term, and those domains are ranked in order of the most popular search terms to the least popular. And there is a good reason for us doing this: typically, the more searches the keyword of an EMD gets, the more valuable the domain.
We are, however, not just looking for valuable domains; we’re looking for domains that Booger, or a Nerd just like him, will want to buy. This will not necessarily be a very valuable domain. More important than the value to Booger, the domain must have an obvious end-use. (You’ll see what I mean in a moment). But if we can get a valuable domain and, at the same time, that domain has an obvious end-user, we’ve struck gold.
So. We have our list of available-to-register and available-to-buy domain names. But what do we mean by registering and buy?
Well, we can acquire a domain from Godaddy in 2 general ways:
We register, buying it from Godaddy; usually for around $11.99.
We buy it through Godaddy from whoever owns the domain.
You and I? We don’t want to buy a domain today. Quite often, we might be looking at spending thousands of dollars to do so. No. We want to register.
The thing is, though, we need to find out which domains on our list are available to register, since Godaddy, in their utterly bloody bonkers “wisdom,” actually lump both types of the available domain in their bulk lists.
To pick our potential domains:
Start looking through the list. Copy and paste any nice domains to notepad.
When you’re done, tab-open Godaddy.com.
Run each domain through search.
Delete domains for sale (not to register) from your list.
You now have a list of available-to-register domains that Booger, or someone just like him, may want to buy.I noticed a good two-dozen potential in Bulk Search, but I’ve just decided to add the following to my list of potential registrations:
Time for a crash course in domain appraisal.DomainIndex.com valuation of DriftRCCars.com
When looking at the Bulk Search results on Godaddy, domains that are available to register or buy, your next step, as mentioned, is to plonk the good ones onto Notepad, whereby, when running them through conventional Godaddy search, you can delete from your list any domains that require purchase instead of registration.
If you’re a domain trading neophyte, an obvious question will be forming on your lips: Is Tom really a sexy hunk of man flesh. To which the answer is – yes, obviously. Second question on your lips: which domains are good? Well, generally speaking, the domains closer to the head of your list are the better ones. Those domains represent keywords that get more searches than domains lower down your list.
But keyword search volume is not the only metric to determine domain value. Ideal domains for you to flip have certain characteristics:
The more Google searches for the keyword, the better.
No trademark infringement potential.
Similar domains have been sold in the past.
The .com extension.
No unnecessary words.
No unnecessary numbers.
Shorter is usually better.
The higher the CPC, the better.
Age; the older the domain, the better.
The lower the availability of domains for this niche, the better.
Aesthetics; end-users prefer good-looking domains.
Appeal; the wider the audience, the better.
American English is best for an international, English-speaking domain.
Brandability; the more brandable, the better.
The more obvious the end-use, the better.
That last point brings UP a good point:
The aim is to help you sell to Niche Nerds, as opposed to going through conventional domain flipping channels (which are often complex and time-consuming) but also to give you a bigger worldwide marketplace (more on this in a moment).
The beauty of this, therefore:
All we do to attract buyers is spend a few minutes each morning posting on a handful of forums. Now, as is the case with everything in marketing, you must understand your target market.
In the case every single person on these forums is a potential buyer.And you must know the buyer.
Tell you why: domain selection.
You cannot possibly select a saleable domain for flipping, using the system, without understanding how your potential buyers might use the domain.To give you an example, let’s return to those 3 domains.
Were I to post on a RC forum, my signature might look like this:
The typical Niche Nerd on a RC forum will not be an internet marketer. He will, therefore, want a certain type of domain. It boils down to end-use (coming up next).An enthusiast of radio-controlled cars will likely want to blog about radio-controlled cars. RCCarsBlog.com, therefore, is ideal. The chap can upgrade from his Blogger.com effort and own, instead, something really nice.
Of course, on the very same forum, you will certainly have niche enthusiasts; fans of drift RC cars, for example. And this makes DriftRCCars.com another ideal domain to, in effect, “pimp out.”
So what does this target market not want in a domain?
Off the top of my head (just making these up; no idea if they’re owned or available):
Your typical RC enthusiast has no intention – or ability – to turn his domain purchase into an Amazon authority website. The chap? The chap just wants a place to talk RC cars or RC drift cars. Full stop.
So when selecting your domain name, avoid the newbie mistake of being influenced by a glowing report from DomainIndex.com, and instead consider the DI report, yes, but do so with your target buyer in mind.
Now, this brings up a good question:
Are you saying that I won’t be promoting to internet marketers?
Absolutely not. Earlier, I said this:
You can, of course, apply this system to IMers (internet marketers). If you do so, however, and do only that, you’ll be missing out on millions of Boogers.
This is not, of course, 1999.
Non-marketers (from here-on-out known as Surfers) have Facebook Pages.
Surfers have Google-Plus Communities.Surfers have massive followings on socials and bookmarkers.And . . . Surfers have blogs.
The typical Surfer, however, is just not interested in (or knowledgeable about) running a monetized blog. Listen, we’re talking about these kinds of Surfers:
A college student, studying a BS in Marine Biology.A dentist, with a practice in Queens.A marine, home for the holidays.A 76 year-old, retired architect from Manhattan.
Fact is, on the whole, if you asked them about becoming an IMer, they’d likely say, “I could give a rat’s a$$.”
The mom on a mom forum wants to blog about being a mom. The lady on a cooking forum wants to share her recipes. The college student on a student board wants to blog about student discounts. The old chap living in Wallace, Idaho, wants a soapbox to give his opinion. Regular Joes. Regular Janes. But – living in the modern, blogging age.
However – going back to “a bigger worldwide marketplace” – sometimes your audience WILL be comprised of IMers. Either because you intentionally targeted them or just because an IMer is not JUST an IMer.
Take me, for instance.
Mrs. Addams shouts, “Please do!”
I like a bunch of different things outside of IM.
Where you to post a domain like MMORPGBlog.com (off the top of my head), and where I to see your signature on the MMORPG.com forums, heck, your hand?
By the same token, you can, as mentioned, actually target IMers. Imagine if I wandered onto a certain Red and White IM forum with a domain like InternetMarketing.com in my sig.
Hand snapped off?
You betchya. I’d be playing Minecraft with my toes!
So let your knowledge of the potential buyer influence domain selection.
When flipping to a Niche Nerd, as opposed to the typical end-user for a niche domain, like for instance an antique shop in London, you often find that end-use is the strongest metric in their decision to buy. Let me give you an example.
I discovered 3 niche domains:
The best of the bunch, in terms of purist valuation metrics, is DriftRCCars.com. DomainIndex.com gives a valuation, with an 80% chance of accuracy, of 6,240 USD. (And keep in mind, this is a domain I can own for a mere $11.99.)How accurate is the $6,240 valuation? Well, an automated service like DomainIndex.com, or Estibot.com, or Valuate.com is never an ideal substitute for an appraisal given by a professional domain trader.
Those automated services lack the all-important human element. (Sorry, Dennis, or capuchin monkey element.)
Without getting too deep into the subject of domain appraisals, and straying too far off-topic, and making Lazy Domain Flipper seem remotely complex, which it is not, I can tell you that the Domain Index appraisal of DriftRCCars.com is OFF but not by a massive margin. (You’ll see in a moment.)
Among the many metrics, I could talk about, let me just show you 2, starting with past sales.
AllRCCars.com sold for 415 USD on January 7th, 2008.
RCCarsForSale.com sold for 1,075 USD on in March of 2011.
RCTrucks.com sold for 7,084 USD in July of 2012.
RCNitro.com sold for 2,660 USD in October of 2007.
MiniRC.com sold for 2,000 USD in July of 2009.
RCPlanes.org sold for 899 USD in December of 2010.
(Source: Namebio and DN Sale Price.)Those are some healthy numbers, and when I look at Godaddy Auctions, I get even healthier numbers (but with a catch). (Go to Godaddy Auctions and enter RC.)
The Godaddy Auction data is less encouraging than the past sales data. I’d like to see some bids on those domains, for instance, to assure me that market interest is currently strong for RC domains. Overall, though, I’m not discouraged, but I do have to adjust-down the DI valuation; as expected.
\Given the above two metrics, then, DriftRCCars.com could fetch between mid-USD hundreds and $1,000 on the open market (for example, from domain traders, internet marketers, RC retailers), but your typical Niche Nerd will pay a lot less. Booger, keen as he is, should be comfortable with $100 to $300.
And, bringing this section to a close now, I can tell you that the price we might expect to get for DriftRCCars.com is largely influenced by end-use.
If I hop onto Amazon.com, throw in a search for “drift RC cars,” and filter-down the results to RC vehicles based on the average customer review, I can get a decent idea of average prices for good drift RC cars.
The Truggy goes for $504.98 and the basic Rally Monster fetches $249, and this speaks nothing of RC parts and other RC complimentary items; since this is a niche where buyers want more than merely the base item, the vehicle. An internet marketer could, therefore, do very nicely indeed by purchasing the DriftRCCars.com domain, establishing an Authority Site, and promoting related Amazon gear. That would, in fact, be a lovely idea. I mean, yes, we’d prefer RCDriftCars.com, a much better domain which receives well over 1,000% more monthly searches for its keyword term, but we can’t register that one. DriftRCCars.com IS available, and for a piddling $11.99, Jeebus, it’s a steal.
But how about the Niche Nerd? A nerd who likely just wants a blog to write about his or her passion. Well, earlier, you’ll remember I brought up this very topic:
This is the thing: Booger, he understands calls-to-action and monetization strategies about as much ashe understands thermodynamics or, a greater mystery, why eating a mere 85 doughnuts for lunch never quite hits the spot.
Thus, the price Booger is willing to pay for DriftRCCars.com is a function of use.
And it depends on how much utility, how much enjoyment, he believes he will derive from using DriftRCCars.com. If it equates to the utility he might get from owning an Xbox One, then DriftRCCars.com will hold a similar market value for Booger; alternatively, if, given a choice between owning a Ford Mustang MACH 1 COBRA or your DriftRCCars.com domain, he may very well decide to shell out $3,100, the current bid price for a Cobra on eBay.com. (That won’t really happen; don’t get too excited; just be happy with 3 figure sales.)
In a little while, I’ll discuss pricing. For now, though, you know all you need to know at this stage. You know how to find and pick a saleable domain to flip.
The question is, why bother flipping to Booger? Why not flip to the non-Niche Nerd?
First, read this.
There are 2 ways to sell a domain name:
- You approach the end-user or potential buyer.
- The end-user or potential buyer approaches you.
The most efficient way to trade domain names is to have in place a system whereby you generate the highest level of income, taking into account opportunity cost (the loss of other alternatives when one alternative is chosen).
There are, then, 2 reasons to sell Booger your domain name:
- You lack the system required to make selling your domain to a Non-Niche Nerd a more profitable use of your time.
- You do have the required system in place but selling to Booger is still the most profitable use of your time.
When or if you become a more experienced domainer, it will soon be understood that certain domains, DriftRCCars.com for instance, will even-out to give you a higher per-day return when sold for a below-market price to someone like Booger. The alternative is to list your domain on Sedo, Flippa, DNForum, Godaddy Auctions, and a handful of other After Sales markets; to put together a list of likely buyers and end-users and to approach each one in a unique, individual manner; to incur development costs, time, and energies in an effort to establish your domain as a more saleable entity, due to the traffic and, often, income it receives; and to go through the lengthy, often complex, always draining experience of securing a fair deal price for your domain.
We can, of course, outsource many of the tasks required to sell domains at their market value, or close to it, but even outsourcing does often incur sufficient levels of opportunity cost to make the quick, low-price flip to Booger a more attractive and, yes, efficient use of our time.
Nutshell time: if you’re new to flipping domains, my advice – keep it simple. There will be times, I expect, when Booger offers an even higher price than market value; mostly, though, you will take a bath on price, but the upside is this: you sold a domain, you made a profit, it was fairly simple and painless. And there IS another upside: semi-automation. We’ll discuss that after.
You have a domain. How do you price it?
Well, you could learn domain appraisal, and you should (over time), or, in keeping with our current philosophy of keeing things simple, you could just use a nice little trick.
You, let us imagine, are Booger.
I own DriftRCCars.com, let us say. You want to own DriftRCCars.com.
Two years ago you started a blog (on Blogger.com) about RC Drift Cars. And, wherever you go online, forums for RC cars, heck, even forums for Kim Kardashian, wherever you go, if the platform enables you to use a signature and promote your Blogger blog, hell – you promote it. I mean, you send an email to your grandma, “Hey, Gran – Thanks for the Birthday Money!,” and guess what? Signature file. You plaster that puppy EVERYWHERE. You – I believe we have somewhat established – are quite fond of your blog. And then, one fine morning, or indeed one fine afternoon at 1437 and 8 seconds, Tom comes along. On your favorite forum. Below his post, a signature file. In that signature file, this:
Is that, I ask you, not music to you eyeballs?
Your eyeballs? They are diggin’ that tune. (These are magical, ear-possessing eyeballs.)
So! Eyeballs twerkin’ in your eye sockets, you email Tom, and the first words out of your fingers, fingers each with a little mouth on the end and using Dragon Naturally Speaking to transform their unanimous spoken words into glorious email prose:
He gives you a link. This link, in fact: DriftRCCars.com Domain Appraisal. Tom asks you to look at the appraisal, including the valuation certificate, which can be downloaded at the bottom of the page, and he lets you know something that gets your twerkin’ eyeballs yelling, “Girlfriend – I. Am. In. Lurve.” They say that. They do. Because – because Tom, he says, “You can have it for $300, Booger. I buy and sell domains for a living and I do well because I give people good prices. If you like, I’ll even set up your website for you; no extra cost. What kind of site do you have in mind for DriftRCCars.com? Is it something like your current blog? (I’m reading it now; love it!)”
DriftRCCars.com? Sold with a capital S.
Let’s get scientific.
To make life easy on yourself, until you become adept at domain pricing:
Aim to flip your domain for 5-20% of the Domain Index valuation.
Generally speaking, the lower the price, the easier the flip.
- You examine types of Niche Nerd.
- You examine Nerd Forums.
- You find suitable Niche Nerd domains.
- You become an active participant in Nerd Forums.
- You promote your Niche Nerd Domains in your signature.
- You field keen emails from Niche Nerds.
- You sell your Niche Nerd domain for 5-20% of a Domain Index valuation.
- You cash in!!!