MelvinBlog

A blog that chronicles my journey on online marketing, blogging, social media, technology and life.

Don’t Have Domains, Start Picking Up Now

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When I was just getting started with my online ventures I was wondering why people are spending their dimes buying up domains and never really using it as a website. I mean they buy about a hundred a only put 10% of it to real websites/blogs and 90% being just parked. I was pretty much wondering why should people jack up themselves registering domain names and only have it unused

Well now I was year older, I looked at my namecheap account and have seen about 35 domains in it and quickly realized buying domain is really a part of business.  35 isn’t a big number but most people don’t even get pass 5 domains because they think its retarded to get a lot of it. I mean you’ll just never know. Maybe 10 years ago, you had a thought of a domain douchebag.com and well before it was unknown. But if you would sell it right now, seriously you’re easily off to 5-6 figures just for that domain.

Not really talking about Domain Flipping here but basically its just that you always have to have domains as an internet property. Just as the same as in offline world, probably domains can be treated as land properties wherein you buy it and just use it when you already think something good of it.

So think of it and instead of spending $50 a month in buying shirts, why not just invest in registering domain names. I’m not really sure how to say you’ll make your money back but I assure picking up domains is a great business strategy..

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Comments

  3. I don’t think it’s a really good way to make money, because it’s like gambling, most of the domains don’t increase their price…

  5. Funny thing is that I completely bashed the idea of doing this for people nowadays unless you have some kick butt money to start off your business. At a point, I’ve had over 200 domains and have just recently let about 50 of them drop due to the industry itself just not being great for people who can’t devote 100% of their day into this market.

    Static’s last blog post..25 Awesome, High Quality, Free WordPress 2.7 Themes

    Melvin Reply:
    February 6th, 2009 at 1:58 pm

    sad to hear that. i think you’re right, if you have over a hundred domains, and you’re either working full time or studying full time its going to be hard..

  6. Hahha, I had the very same thoughts – “Why people are buying domains and not using them”. Like you, now I understand it and use it myself. Damn, if I would have the knowledge back in the early 90s I could be a millionaire now.

    Cheers,

    The Moneyac

    The Moneyac’s last blog post..5 Essential Blog Flipping Tips

  8. But the only thing I hate about buying domains at godaddy is that it requires a verified paypal account. I mostly buy domains in name cheap. But I don’t know that there is something called domain marketing. Thanks for the mention

    Melvin Reply:
    February 7th, 2009 at 9:16 am

    I do also use namecheap a lot. Btw, you’re outside US thats why you arent verified right? why? I mean im from Philippines too but Im verified. Getting a verified PP account is one of the better things to do i must say

  10. I have 20+ domains in my namecheap account as well but most are used as landing page or redirection purposes.

    Google love domain name that have been there for years and are usually rank higher for keywords. So doesn’t that makes domain parking a good investment too?

    Wei Liang

    Wei Liang | Earn Money Online’s last blog post..Lesson 26: Affiliate Marketing (Part 3)

    Louver Reply:
    February 10th, 2009 at 8:31 am

    I agree. If I have had the resources (domain name registration costs a lot then) before, I would’ve bought a lot and sell them like crazy now…

    Splendid Kid Reply:
    February 16th, 2009 at 12:18 pm

    I should try now to invest some money for domaining. Your idea looks brilliant.

  13. I make a living by writing content for my blogs and websites, and I can’t say that buying and holding domain names is anything I’ve ever gotten into, but at least three separate times over the years, folks have sent me random emails offering to buy my domain names, so I’m sure there is money to be made out there. It’s usually for sites I started and then never did much with (so it’s clear they’re just interested in the domain name). Of course, I never sell them. I’ll wait 10 years and see what they’re worth then, hah.

    Lindsay’s last blog post..Increase Your Blogging Income with Product Reviews

    the Blogoholic Reply:
    February 16th, 2009 at 10:30 am

    Lucky you, nobody ever approached me asking to purchase any of my domains. But I guess that because I still don’t own that much…

    the Blogoholic’s last blog post..the Blogoholic’s Contest Winners Announced!

  16. This can be very profitable, if you think of a great name, you can end up selling it in the future, especially if its a product that is going to come out and does not exist yet. The company who wants that domain can buy it off of you

  17. Thanks for the info – don’t forget to post about the Australian domain name industry – it’s really starting to take off… Thanks again

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  1. Start Picking Domains Now…

    When I was just getting started with my online ventures I was wondering why people are spending their dimes buying up domains and never really using it as a website. I mean they buy about a hundred a only put 10% of it to real websites/blogs and 90% be…