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.

Find Geo Domains With Geo.Godaddy.Com Is Addicting, Useful, Expensive

As everyone was putting out stories on the impending launch and functions of the GeoDomainMap search that Godaddy.com was putting together at Geo.Godaddy.com I held off saying much although I had several people email since they know I have an affinity for geo domains.

After spending some time with the tool I must say, I personally think Godaddy did a great job pulling together a tool that both mades it easy for them to sell more names and for users to search more easily for niche geo targeted names. We all know local search is growing, with that it only makes sense that locally targeted names will become used more frequently by smart business owners.

My initial thought after digging around a but was this is addicting, I would pick a state and then pick and area then zoom in and out on different niche markets and was amazed at individual neighborhood names popping up. Knowing some of the areas I was searching it was impressive knowing just how small some of these neighborhoods actually are. I know it is just a geo targeted database but with all the talk of hyperlocal this or that, this takes it one step further when searching for domains that target at the hyperlocal level. I could sit here for hours if I did not watch myself.

Which takes me to the next comment, if you are not disciplined this could get very expensive really quick. 50 states multiplied by X amount of cities, then go down to an even more local level and then pick any niche and you get my point. My advice, if you are going to use this tool pick a niche and do not start buying names in every known niche around every city and every state. I am going to have to really watch myself on this one. As I have worked to get my portfolio to the quality over quantity structure I want this would make it easy to go back in the other direction. In other words it probably does not make sense to buy a CityNameLawyer.com if the town has 50 people but the name just happens to be available.

All in all though I think this is a great tool by Godaddy. As much as domainers like to bash Godaddy at times I think they got it right this time. Although us geo owners might be cringing just a bit....