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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

#121

Post by wazoox »

Doctor_Fegg wrote: post #116
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…

I laughed out loud at this example, because I run a site with (what I reckon to be) one of the best domain names for exactly that use-case: https://cycle.travel

And it's a damn good useful website with that.

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

#124

Post by adenta »

fuball63 wrote: post #8

I tried this with a domain. It's related to used beer kegs. The reason is because I was volunteering at a brewery, and one of the hottest commodities for small breweries is used kegs from bigger breweries that are replacing them. Most of the major breweries use keg management services and rent the kegs, which is overkill for smaller breweries, so owning kegs is important starting out. Kegs are also sought after for t…

I am totally connected enough within the beer industry to make this happen. Shoot me an email, would love to talk.

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

#125

Post by Normille »

nelaboras wrote: post #95
pot8n wrote: post #23

HN trending expectations: how eBPF works HN trending reality: How I make a zillion dollars a day with a yet another SEO/web scraping/reselling domains business

The article is not about domain trading. It's about letting yourself be inspired and pushed by a domain name to try some new venture.

It's a bit of a stupid concept though, isn't it? A man bought a domain name called "shippingsupplies.com" so he decided to get into shipping supplies and now he's a zillionaire?

So, assuming, as the article suggests that people buy a catchy domain name first and then build a business round it, which isn't one they're already involved in or know anything about, how does that conversation go?:

----

MAN: Hi. I've decided to get into the shipping supplies business. I need to borrow £250,000 to buy some trucks, containers, a crane and lease a premises down by the harbour

BANK MANAGER: I see. Hmmm. A quarter of a million is quite a lot of money. Have you any experience in shipping supplies?

MAN: Well.. not exactly..

BANK MANAGER: And have you any of your own money or any startup equipment, that you can bring to the business?

MAN: Well... not exactly...

BANK MANAGER: I'm sorry. But, under the circumstances, I really don't think the bank can take the risk...

MAN: But I've registered the domain name "shippingsupplies.com"!

BANK MANAGER: Why didn't you say so? [rolls wheelbarrow full of cash out from behind his desk] Used notes OK?

MAN: Thanks very much [exits stage left]

[Bank Manager's secretary pops her head round the door]

SECRETARY: Your two-thirty, Mr. Jones is here.

MR JONES: [walking in and shaking hands] I've just snapped up the domain name "executive-airline.travel" and I wanted to ask you about a loan...

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

#127

Post by santoshalper »

mirciulica wrote: post #37

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?

Healthinsurance.com sounds super fishy to me and I would be hesitant to do business with a company that hides who they are. My expectation is that a company's domain is the name. So unless it is "Health Inusrance, Inc.", this seems shady.

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

#128

Post by jamisteven »

tbh this is far from the reality, not everyone is capable of selecting industries at random and making turning it into a profitable online storefront, in fact ide go so far as to say that a physical storefront is easier these days. Have read the vidalia onion story, its great but the fact of the matter is without an immense amount of knowledge on things like web marketing and SEO, you are going nowhere. I use to own the domain name fixmyfreecreditreport.com, we were piggy backing off of myfreecreditreport.com, driving traffic was still a massive undertaking, and then trying to get those visitors to convert into customers for lead generation, yikes. Shortly after that owned groomzter.com, still own this but shut it down after 6 months for the same reason, driving traffic. Want to rank for that common of a keyword? You had better be a fucking ninja at SEO, or have someone working for you that is.

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

#129

Post by Normille »

asdff wrote: post #57

What is a great domain name? Decades ago it was essential to have an e in your name (eBay et al), then it was cute to replace that e with i, but the whole while the golden rule was to definitely whatever you do, do not use a name out of the dictionary, to make it easier for consumers to identify your product and to save you legal headaches. Nowadays, companies seem to love having a real dictionary name. Lemonade: ref…

>Decades ago it was essential to have an e in your name

Then, for a while, it was de rigueur to drop the 'e' out of your name; flickr, tumblr, grindr... etc.

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