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Want to build a side business? buy a great domain name

deepsouthventures.com

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Re: Want to build a side business? buy a great domain name

#31

Post by pavel_lishin »

kristopolous wrote: post #25
Marazan wrote: post #14

Earlier quoted context omitted.

This is a guy who accidentally spent 4 figures on a domain he didn't want. And it was no big deal to him because he knew he'd be able to break even on it due to his expertise He's an expert domain reseller. Novices would get burned.

I've been in the room with people spending well over $10,000 on domains. It's crazy. I could never guess that actually happened until I saw it myself. I thought those prices were just absurd fantasy

It's just a business expense, right? If you're actually going to be building a business on a domain name, it doesn't necessarily make sense to cheap out, just like any other business expense.

Re: Want to build a side business? buy a great domain name

#33

Post by pphysch »

santoshalper wrote: post #20
tamask wrote: post #18

My mind works exactly the opposite way. If I see a domain like BikeTours.com, I immediately assume that the business is built primarily on the domain name, and the quality of the product or service is inferior. Hence I don’t click it. But I assume the majority of internet users don’t think this way, so it can be a profitable strategy. Edit: Well, thinking about it, it’s not always true, but at the very least I check…

A lot of those super-generically named sites are really just shill advisory/review sites. I have also come to be mistrustful.

Or straight up scam/fraud, depending on the sector.

Re: Want to build a side business? buy a great domain name

#34

Post by macNchz »

I own a bunch of domains but don't really follow the expired market...however the example expired domains in the post seem really expensive for a side project.

If I were looking to invest $5-$15k cash into marketing a random new side business and still needed an idea, it seems like it'd make more sense to follow the post's advice by watching the expired domains come through, then take the inspiration from, say, 'bakedbeans.com', but buy 'stevesbeans.com' for $7.95 and put the remaining cash into performance marketing.

Re: Want to build a side business? buy a great domain name

#35

Post by wiradikusuma »

Domain name is one of the "trends" where being early literally pays (the other ones are crypto and making fart apps for iOS).

(Un)fortunately, what's left are ridiculouslylongnames.com that somehow still sells for a few hundred a pop. The long tail.

I'm not a fan of that. Instead, when .id was open for public, I immediately acquired generic names such as every.id, awesome.id, printed.id, even ultimate.id (notice a pattern?).

I own a few hundred in total—managing them is a headache. I've lost a handful of really good names because I forgot to renew (last-minute renewals due to limited budget and procrastination). Also, sometimes I wonder about the performance of my assets, and whether I'm profitable.

I'm building an app, Axtiva, to help manage domain names. It's not a unicorn idea, but I'm scratching my own itch. If you're in a similar situation, take a lot at https://s.id/axtiva-android-test or just put your email in https://www.producthunt.com/upcoming/axtiva so I can update you when it's launched in iOS (it's a Flutter app).

Re: Want to build a side business? buy a great domain name

#37

Post by mirciulica »

On the one hand it is harder and harder to find a decent dot com domain name, on the other hand I see some crazy prices that make absolutely no sense. Even if you choose to buy a name on the second market why pay these ridiculous prices?

https://www.healthinsurance.com sold for over 8M bucks, is the difference between this name and something like https://insurancemavens.com (for sale @ $395) worth 8 million?

Re: Want to build a side business? buy a great domain name

#39

Post by gccxsse »

wiradikusuma wrote: post #35

Domain name is one of the "trends" where being early literally pays (the other ones are crypto and making fart apps for iOS). (Un)fortunately, what's left are ridiculouslylongnames.com that somehow still sells for a few hundred a pop. The long tail. I'm not a fan of that. Instead, when .id was open for public, I immediately acquired generic names such as every.id, awesome.id, printed.id, even ultimate.id (notice a pa…

Domain squatters are the worst
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