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Originally Posted by Mike33
DB, are most guys playing the domain game lucky guys that registered great names early and made a killing during the internet boom and decided to continue buying/selling domains or are most of them from other online sectors or even from offline companies that see it as an investment like real estate that they can hold and perhaps sell for higher some time down the road.
Also, is sexy.com really worth a million in your opinion?
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It's not about LUCK. It's about WORK. keep your eyes & ears tuned to current events/trends/news, etc... Timing is very important too.
You don't need 7-figs to play this game. Just start small. Go after cheap type-in domains to resell to DB and others or go after new registrations or brandable domains and work to find buyers.
I picked up a domain earlier this year that I've been after for nearly two years... I had to track down the owner because whois was a bit outdated and when I finally did track him down, he turned down my first offer and wanted 5-figs... I don't blame him for trying to play hardball. Keep in mind, the domain had no type-in traffic and I wanted it strictly for branding. I had a feeling the concept would be a tech-feasible & acceptable sooner or later. Well this year, I tried to buy the name again and the owner was in dire need of cash and was willing to get rid of the domain and sold it to me for less than $1,000. After I secured the domain, I started contacting all the players in that industry (service side & technology side) and am shopping around a proposal now to get cash + tiny % (if they choose to develop it). The current offers are low 5 figures (w/o %) and I'm going to try to push it into the 6's (w/ %) by letting the companies bid against each other. It was a domain/concept that wasn't even on anyone's radar years ago, never got type-ins, and the term wasn't even being used until this year... but I took a gamble (low risk) and it's paying off. There are many ways to play the domain game and many different pricepoints to enter the marketplace:
- new registrations (new trends, ideas, terms, industries, etc)
- brand-ables (many domain players steer clear of this sector. Fine by me.)
- type-ins (keeping or reselling to larger fish)
etc...
good luck.