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by on February 19, 2014 2 Comments

New Domain Extension Fan or Foe?

The new GTLDs are here!

How are you approaching the tidal wave of new GTLDs?

New GTLD Domain NamesAre you watching from the sideline to see how it plays out?  Do you think they are a Gold Mine or a river full of Fool’s Gold?

Are you buying all you can get?  Or would you not buy one of those domains for any amount of money?

My approach – mimicking the King (the Domain King)

Personally, I am being very selective and buying only what I can on general availability release.  There are a couple I might be tempted to purchase in the pre-registration phases, but at least I have some time to see how these early releases pan out.

If I end up selling a few of the ones I’ve picked up, I will probably roll that money [Read more…]

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by on January 20, 2014 1 Comment

Great domain name sales opportunity

For anyone who knows me or follows this blog for any length of time, you know I love podcasts.  What does that have to do with Domain Name Sales?  Plenty!

Domain name evaluation and appraisals

 

Michael Cyger

Michael Cyger
aka Domain Sherpa

Michael Cyger over at DomainSherpa.com also produces a podcast and one thing he has been doing for a while now is Domain Name Portfolio Reviews.  He takes 50 names from two regular Joe Domainers and has a panel of 4 experts he calls Sherpas review the names.

The Sherpas provide honest (brutally honest, which I like) feedback, and possibly pricing recommendations and appraisals.  Great stuff.  They have even made real time offers for names they love!

Learning from other domain owners

Submitting your portfolio to DomainSherpa isn’t for the faint of heart because most of the time the portfolio of names get trashed with the exception of a few names – maybe 5 out of 50 are keepers – MAYBE.  You would have to be open and willing to truly listen if it was your portfolio.  I have submitted my 50 a while back and if it ever does get reviewed it will get thrashed – I plan to do a post where I try to use what I’ve learned listening to them to review my own portfolio… I will update this post if I do my own review – would be fun to do that before they did and compare results if it were to happen :)

The great thing is that you get to see what other people submit – you have to assume it is their best stuff knowing what is going to happen.  Then you get to hear what the Sherpas have to say about the names.  You can really learn a lot about the way truly successful domain name entrepreneurs think about domain names and their business.

Like most things with a subjective factor, sometimes a couple of the sherpas like names while others hate them.  Sometimes that has to do with the way each Sherpa does business – if they specialize in brandables they might like something that another who specializes in product domains or geo domains doesn’t, but in general they like most of the same names.

Domain name themes

A more recent variation of the portfolio review are domain name themes.  Instead of 50 names from two domainers, Michael or one of the Sherpas will select a specific topic or theme for the next review.  The best thing is anyone can submit one domain name within that niche and [Read more…]

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by on August 22, 2012 Leave a Comment

Eat That Frog! book review

Eat that frog!

Eat that Frog!

What do domain names and eating frogs have to do with each other?  As it turns out, quite a bit!
At the end of last year, when evaluating my domain names and deciding what to do with them for the new year, I read the book “Goals” by Brian Tracy.  I really got a lot out of it and I’ve used many of its principles to accomplish goals for selling domain names and building websites on other domains.

Recently, I visited Brian’s personal brand site and while there I actually signed up for his email list.  I usually hesitate to get on email subscriptions because I get so many emails already, but I figured Brian’s was worth it so I signed up.  BTW, I viciously unsubscribe to anyone not providing valuable content in exchange for my email because of some serious information overload… another story for another time.

 

Now I get all the daily quotes and the recommended “training” or products in the sales pitches that he does – I really don’t mind these type pitches because most of them offer some decent information along with the offer to buy something.  I’ll listen to a brief pitch if you give me enough value for free and I can expect the product to be worthwhile if I am interested… and they generally are.

 

One of the benefits of working for large corporation as my day job is that we have a corporate library with a lot of information about our industry along with business and marketing books, current magazines, etc.  I went to the library the other day looking at some personal/business networking books(which I desperately need) and social media books and I saw Brian Tracy’s name on another audio book, “Eat that Frog!” – I filed a mental note to come back another day to check it out…

 

Within 4 hours I saw two recommendations for Brian’s books – one from an Internet marketer’s site and another from a domain name investor’s website.  Both of them highly recommended this book as well as the goals book so I went and picked it up.

 

These are my notes from listening to the book in its audio format.  A lot of it is direct quotes or my summarizations with some domain name information and thoughts thrown into the mix.  I’ll also have commentary of my own so if you want a version without my notes convoluting the original ideas go to Amazon or your local bookstore.

[Read more…]

Filed Under: Domain Names, Things I Learned Today Tagged With: , ,