What Are The Top 3 Things You Wish You Knew BEFORE You Started Domaining?

As you now know I will be holding seminars in Los Angeles for new Domainers. My goal is to provide interested Domain Investors with everything they need to be successful in the industry, and what better way to do that than to teach them what I wish I knew before I started in the industry. In fact, the items on my list would have saved me thousands of dollars, but hey – nothing wrong with learning from your mistakes!

So I thought it would be interesting to share my list with all of you and then hear your own Top 3! Hopefully I will be inspiring hundreds of people to join our industry this year and they can get a HUGE advantage by attending my seminar and learning how to get started the right way.

Below is a list of the top three things I wish I knew BEFORE I started Domaining:

  1. Having A Domain With Good Keywords Isn’t Enough – to monetize domains you have to focus on keywords in niches that have high affiliate payouts and good lead generation options.
  2. Go to a Domaining Conference – Now! I wish I had gone to a conference earlier – connecting with other Domainers in person is the best way to learn and share ideas.
  3. You Can’t Build Them All – You can’t build every Domain in your portfolio – it’s all about identifying which domains have the strongest revenue-potential.

Okay – so that’s my top three – now it’s time for you to share yours! What are the top three things you wish you knew BEFORE you started Domaining?

{ 7 comments… add one }

  • F5Domains April 23, 2010, 9:24 am

    1. Develop. Develop. Develop. If you don’t think you can develop it, you probably shouldn’t buy it.
    2. Don’t be a sheep. ToiletRoulette isn’t a good domain. (I’ve never followed these trends, but I know others do)
    3. Sometimes, a typo is worth the risk. (I know 99% of you will disagree – but truth is truth.)

    Reply
  • Leonard Britt April 23, 2010, 10:11 am

    Many domainers are attracted to the industry based on high-profile sales reports. What isn’t so apparent at first is how rare these sales are relative to the number of domain registrations. As well newbies don’t clearly distinguish between a quality domain with a certain keyword and another domain which includes the same keyword in some odd TLD. Even then there typically is a learning process to garner what a realistic selling price is for a domain. When it comes to development, again one has to have a realistic perspective of the work necessary to rank for competitive terms and what one is likely to make depending on PPC monetization options.

    Reply
  • Ms Domainer April 23, 2010, 10:34 am

    *
    I wish I knew the following:

    1. That hand regging a pile of “brandables” is not usually a good idea.

    2. About Google’s Ad Keyword Tool and how to how to use and “read” it.

    3. About how to search for good generic aftermarket domains (and understand the realities of the expiration cycle of deleting domains) and spend more money acquiring good names instead of hand regging a bunch of “cute” or trendy crap.

    Here’s a freebie:

    Never drink and domain at the the same time!

    *

    Reply
  • Johan April 23, 2010, 11:00 am

    I wish I knew these things when I started…
    1 ) – To use Google Keyword Tool.
    2 ) – Once I figured out to use the Google Keyword Tool, that I had also known/understood why that there was an option to only show “exact searches”.
    3 ) – Known to do some research before buying every cheap/crap “cool sounding” domain that was in my price range on forums.

    Reply
  • Jim Holleran April 23, 2010, 4:12 pm

    Send my credit card statement to a PO box that my wife did not know about. Also, learn how to erase the history on the computer.

    All I did from 1998 to 2000 was max-out credit cards buying domain names. They cost $70 for 2 years at network solutions, and there were no cheap alternatives that I remembers.

    Because of this, I got seperated, but when payday did start to come in my wife love me again:) and now we are still married with 2 kids 10 years later.
    Thanks, Jim

    Reply
  • Attila April 23, 2010, 5:22 pm

    1) not buy so many domains based off the google “broad” traffic amounts.
    2) learn to balance, spend more time developing rather then just buying, buying, buying.
    3) last but not least, would of been great to know that domaining is like a drug that makes you keep coming back. Morgan knows me well enough to say the same that I am one crazy domainer.

    Kind of ironic that I own CrazyDomainer.com as well – I know, don’t get me started…

    Reply
  • Attila April 23, 2010, 5:26 pm

    ahh and yes, don’t drink and domain! I know it was said before, but its the damn truth! I picked up steven dot me at namejet a couple weeks ago. I remember stopping at around $1k but damn, ended at couple thousand with me being the winner 🙁

    Reply

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