Domain Newbie Having A Taste Of Success
This past year I met a person who had been around domain investment enough to understand the value of it but had not really got to the level of understanding that makes it a profitable enterprise for someone. He is one of the people I referred to in an earlier post about people new to domain investment.
After registering some names and asking for advice a few times and then having me push back several times saying keep reading, keep researching, do not buy another name until you do X,Y, and Z he now is starting to have some success, maybe not on the selling front but at least on the monetization front.
One of the first things he did was he stopped randomly hand registering names. He now uses Bido.com to watch for keyword rich .COM, .NET, and .ORG names and focuses on names that have some level of search relative to the size of the industry and focuses on keywords that generate high PPC.
One of the other ways he has had much success in picking up several VERY nice registrations is by using the Geo.Godaddy.com tool I discussed in an earlier post about using the Geo Domaining Tool. Using that tool right can be a gold mine, I may have to slow him down now though since I might want those names for myself:)
What is really nice is to see he is setting goals for himself now that he is understanding more about the industry, that shows focus, that is how you get where you want to be. Find success, focus on what made that success happen and grow it.
His next step is understanding how to position properly when cold calling or emailing end users. His first contact did not go well, he focused too much on "domain name" and not on the value to the end user. Without explaining why something is valuable it is an uphill battle trying to sell it. He knows this now and is focused on creating his end user email template for moving forward.
Just thought I would relate a potential success story, maybe not on a large scale, but at least on a small scale, of someone that is just starting to focus on generic domains and making progress even in this market.
