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Want to Build a Side Business? Just Buy Great Domain Name

deepsouthventures.com

131–140 of 202 posts

Re: Want to Build a Side Business? Just Buy Great Domain Name

#132
"The next big step is combing through the 100k domains that expire every day. And creating a process to scan and filter so you don’t go cross-eyed."

For me the title gives away the idea of the post. I read it. Not impressed. [0] The following line gave me the impression the writer didn't realise the value of the above statement. Want a ^potential^ business, build a tool that allows you a better way to solve the above problem.

[0] read "Before the Startup" 'Game paragraph' on playing house ~ http://paulgraham.com/before.html cf "We saw this happen so often that we made up a name for it: playing house. Eventually I realized why it was happening. The reason young founders go through the motions of starting a startup is because that's what they've been trained to do for their whole lives up to that point."

Re: Want to Build a Side Business? Just Buy Great Domain Name

#133

Earlier quoted context omitted.

Agreed. Descriptive.dot.com domain names are the equivalent of generic cereal boxes. I want to go to Amazon for my books, not books.com. I will never go to food.com, or glutenfree.com, or anything of the like. Amy's Kitchen on the other hand sounds compelling. I trust my pets with rover.com, but dogsitting.com? No way.

appointmentreminder.com bingocardcreator.com care.com

> appointmentreminder.com

except it's a dot org.

Re: Want to Build a Side Business? Just Buy Great Domain Name

#134

Offers.com (at the time a record-breaking price paid for a domain name) is still getting peanuts in traffic compared to retailmenot, which has the dumbest name ever. And I'd argue offers.com has marginally superior content, except for the odd exclusive deal that retailmenot is able to swing based on their identity. But retailmenot got there first, and it hit the ground running building marketshare, and that has made…

>Offers.com (at the time a record-breaking price paid for a domain name) is still getting peanuts in traffic compared to retailmenot, which has the dumbest name ever.

Is it possible to spend lots of money and build a brand on a junky domain and drive lots of traffic, yes.

Re: Want to Build a Side Business? Just Buy Great Domain Name

#136
post #53

I've been casually interested in small time domain name "investing" (with and without intention to develop) since the early days and when it so happened that during a stint at GoDaddy, I was charged with the UX of the domain auction product, imagine my surprise to discover were a handful of very big players, some of whom ran bespoke software (not unlike a Bloomberg terminal) and were so profitable for the company tha…

> Similarly illuminating was working at a regional bank and learning how much of their growth was based on investing in a patch of dirt as it was in the operation of the branch location that sat on that dirt. Reminds me of McDonald's founder Ray Kroc's famous quote "We are in the real estate business; not the hamburger business."

Sears has a somewhat similar story I believe..

Re: Want to Build a Side Business? Just Buy Great Domain Name

#137

If you're buying expired domains you'd be wise to learn a little bit about how to spot google penalties. It would suck to buy a domain where a bunch of shady SEO had been done by the previous owner. It will make ranking in google that much harder.

What's the process to assess whether a domain is on the naughty list?

something simple..

you can simply go to google and type

site:domainnamedollarstore.com (example)

if google returns no results = no bueno

Re: Want to Build a Side Business? Just Buy Great Domain Name

#139
post #59

Earlier quoted context omitted.

I do the opposite : ) I buy the domain, and then put myself to sleep skipping through biz avenues.. A fun tool to use for hand-reg domains (if you didn't know already) https://instantdomainsearch.com/

good trap tool for godaddy to get domains you are interested in

Do you have personal experience getting sniped with LDS? I've used it a half a dozen times and always had success.

Re: Want to Build a Side Business? Just Buy Great Domain Name

#140

Earlier quoted context omitted.

author here.. all I can say regarding building businesses on keyword descriptive domains.. it just makes everything easier.. Easier to communicate your biz. Easier to get your foot in the door somewhere. Easier for introductions. Easier for consumers to remember your name ( https://blog.nuts.com/were-going-nuts-dot-com/ ). Just easier all around. All those things added together can directly impact sales..

Yes, I believe it has an effect, but I think everyone knows that valuable domains are important. But when purchasing a $200k domain, is there any quantitative method a business owner can follow so determine whether the domain will be worth 200k? Kind of off topic, but if someone has a domain as valuable as "nuts.com", why ruin it by putting a subdomain in front of it? Why isn't the URI scheme "nuts.com/blog/were-goin…

Everyone has their own quantitative method..

Me personally, I simply look at how long it'd take me to pay off the domain. I like to pay them off in 1-1.5 years. So effectively, I'd need my company throwing off enough profit to pay off those domains in that time period. That rough guide keeps me on track so that I don't overpay at auction. But since most folks I compete with are speculators, and need to flip for a profit, versus me who wants to build a legit business, I can typically pay more as my profits can cover the extra expense..

And I'm with you on the subdomain on nuts.com. A really bad idea, imo.

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