I used to have thoughts like this when I first started out... there's nothing wrong with having doubts along the way.
I think once you get your first end user sale, that really changes your mindset. This little bulb goes on over your head and you say - hey, people really want these things and are willing to pay big bucks for them.
Quote:
Originally Posted by abhishekjha
1>i just dont have the brains to register super-good names, not even the keyword research tool can help me out. as the good ones are already taken almost all the time.
|
You can buy quality domains on the secondary market. Hand registering domains isn't the only strategy or even the main strategy you should follow.
Quote:
Originally Posted by abhishekjha
2>i just keep on begging to sell my domains as i cant appraise them properly any time and either sell them too low or let them drop. IMHO!
|
It's a tough market to sell in right now with the economy.
Read lots of appraisal threads and ask questions in them.
Quote:
Originally Posted by abhishekjha
3>i felt that i dont have patience to wait for years to find and end user and have never found a really solid millionaire buyer till date.
|
Unless you are a flipper, domaining is a long term game, especially .in.
Even big companies like with great portfolios only sell 2 to 3 per cent of their portfolio per year. BuyDomains has a great .com portfolio, a sales website, a huge advertising budget, sales staff, etc., yet they fall into the 2 to 3 per cent range.
Maybe you should try buying domains to flip, although for that I'd probably recommend .com just because it is so much more liquid than any other extension. You need to be fairly good at selling though for this to work.
Not only millionaires buy domains - BuyDomains.com's whole business model revolves around selling domains to small and medium sized businesses, and that's the market I think most domainers have success with.
Quote:
Originally Posted by abhishekjha
4>i just think that all my developed websites just make me scores of huge income to do whatever i like and even buy plenty of even costly domains, but my domains never do the same for me... leave scores of income all i see at inforum and at other places that majority of domainers struggle to make above $2.5k per sale while the webmasters easily cross $10k in monthly income.. thats one of the reason why i dont like domaining much of a bit.
|
There is a big difference - developing and marketing websites is a job; domaining is more of an investment - it's a lot more passive. But you can combine the two - develop a few premium domains. Lots of domainers do both.
Quote:
Originally Posted by abhishekjha
5>since last year i have dropped about 45+ domains thinking that i would find better ones this year and its happening.. im getting so many domain drops this year specially now(of domains which were worth hundreds of bucks.. if not thousands!).. that im very very confused which one to register and which one to not.. as i see many drops in .com/net and major cctlds that i feel that registering a .in this year would just not do any good even next year as the major cctld thats the .com and .net is experiencing so much drops thats making me feel like crazy.. earlier people would buy any 3 letter .net at a good price(at almost $120 to $600 almost 2 years from now) regardless of if its a pure LLL or not and now i see people are not even willing to register 3 Letter .nets and the 3 letter .orgs biz have almost died just 2 yrs back only. if any body tells me his LNN.net is worth $600.. i just laugh at him thinking that this is exactly what i did 2 yrs back and see i got no buyers and just keep on renewing it for years and years till i find an end user or just die myself(whichever first!).
|
A lot of domain prices have fallen over the last year, particularly in weaker extensions like .biz, etc. Lots of domainers are pruning back their portfolios to concentrate on higher value domains and getting rid of lower value domains.
Quote:
Originally Posted by abhishekjha
6>i finally settled till now that i wouldnt do much of a domaining and waste my money on tons of registrations which makes no significant return on investment and no sense at all unless i make them a website and sell the products in my website by myself.
|
That's a fair statement. One factor I use in evaluating domain purchases is: if all else fails, could I develop this domain myself? If so, I'm probably willing to pay a bit more.
It sounds to me like your best bet, given your skills and personality, is to buy a small handful of premium domains and develop really great websites on them.