Domaining Power Course Lesson #2 – Buying Domain Names

This Post: Domaining Power Course Lesson #2 – Buying Domain Names

was put together by our team of editors who are Business Review Consultants that give their expert recommendations, on the latest business software & tools that have been launched onto the market.

When we publish the latest money making opportunity or business software review on how to start an online business,

 
we will give you our complete analysis on the most popular software product tools. We will expose the most profitable online systems that top internet marketers don't want to share with you.

 

We reveal some of the most Powerful web programs  That have recently been launched onto the market that will help those starting an online enterprise or setting up new revenue streams.
We will test these software apps, to examine every feature of the tool, making sure its delivering results.      

All the videos we post on our constantly updated blog,

just like Domaining Power Course Lesson #2 – Buying Domain Names that your about to watch,

will give you the competitive edge in your online business ventures,

that are targeted towards those interested in using the best tools on the market, that will help you start an online enterprise or run a profitable Home Based Business Franchise, using the most powerful web tools.

I’m going to discuss all the different places you can buy domain names and give me the pros and cons of each as well as tell you as a beginner where you might want to start out looking to buy your domain names so first probably the most popular way of buying a domain name that you can most likely think of an already know of is registering a domain and this is through a domain name registrar it’s oftentimes accompanied by a hosting service so if you have somebody like GoDaddy one in one named com register com these are all registrar’s that allow you to register a domain name so this can be something comm net org it give me a ccTLD which stands for country code deal TLD something like IM for india or a dot CA for canada but a registrar lets you register a new domain name that has never been registered before well the pros of this are that it’s a very low cost to buy domain name if you buy a domain through registrar most likely your fee is going to be between five to fifteen dollars depending on the TLD of the name now when I say TLD if you don’t know what that means TLD is just what follows the dot in a domain name so if it’s a dotnet mate’ll d is net with the dot org and the TLD is org it’s very easy most tlds costs usually below fifteen dollars if you look at a dot-com that typically costs about ten dollars to register so it’s a very low point of entry into domain investing one of the downsides to registering a domain name is that a lot of people of register domains so most of the really good combo org are gone and in fact all of the really good coms are gone so a lot of people have been led to believe that well since all the good domain names are registered then there’s really not any hope left to get into this market and nothing could be further from the truth there are new trends every day and if you can find a domain that hasn’t been registered that follows a brand new trend you may find yourself with a very valuable domain name so that’s registering and that’s a very simple easy way to buy domain name however you may be limited into the scope of the potential domain has based on what names are available when you’re trying to register another way that you can buy domain names is their domain listing services these are companies like sada after nicks snap names and how they work is by providing a huge database of domain names available for sale and then you can buy them just as you would normally buying something off of like a used car website or a new car website where you get a large listing inventory and you get a set of prices or in some cases something it says make offer and from here you got to make an offer on a domain name or you can also find domains with given prices and you can pay whatever price the seller is expecting now the pros of a listing service is that it’s usually hard to get scammed through a listing service since you have the service themselves backing the transaction and at the same time there are a lot of different metrics that you can see in a listing service that normally you would have to research yourself things like traffic things like revenue oftentimes will be presented to you in the listing and that’s because the seller has the chance to make a full-scale sales listing it says here is my domain even here’s what makes it great and all good domain sellers know that putting this detail in the listing is very important for a buyer so they can figure out what features make the domain attractive now for new domain investors I would suggest you stay away from buying domains on domain listing services we can get into buying domains these services later but to start out with I would stay away from these in the next lesson when i discuss selling that’s will come back to listing services and you’ll see the true value that they can present to you well we’ve discussed registering domain names and domain listing services another way that you can buy domains is through domain expert services or drop catchers these are companies like named Jeff com or pool com it’s also a great service called fresh drop that combines a lot of the different domain dropping and domain expert services together into a single source but the idea is still the same when a domain name expires which means that the owner of the domain did not pay the renewal fee so that they would have the for another year or two years when the domain goes into a deletion process and domain investors can sit and wait until domain expires and then pick it up for a lot less money than it would cost where the seller to have sold it to them directly now the thing is if you’re looking for expired domain names just be aware there’s a lot of other domains that are looking for expired domain names and if you find a great name suppose you find the domain by car calm and you see that it’s going to delete and you can start bidding on it in two days and the bid price is only seventy dollars well that might be a seventy thousand dollar domain name and there’s a lot of other domain invested that will know about that so one of the downsides with buying an expired domain name is that you certainly have a potential to find a great domain just remember it’s not going to be something that you’re going to pay five ten or fifteen dollars for most likely they’re going to be spending more money to buy a good quality expiry jame now that being said as you become more comfortable buying domain names you can start using different expiry services of binding domains that may not be the best of the best but might be in the mid range and on those you can get a great deal on a domain name that may be worth one two maybe three thousand dollars that you might be able to pick up for one two or three hundred dollars and that’s really where the value in buying expired domain names comes in especially as a beginning investor well if you’re not buying domains by registering or through a listing service or through an expert service where else can you buy them well there’s a few other places you can buy domains online and one of those is ebay now the reason i mention ebay my course is actually not to suggest that you buy domains of ebay but actually to dissuade you from buying domains of ebay ebay is a great market place to buy it sell just about anything however it’s not a great market place to buy and sell domain names and that’s because there’s a lot of different people on there that are trying to scam new investors who don’t know much about domain names and so what can happen on ebay is you’ll buy a domain name from someone you’ll pay them with paypal and they’ll claim to transfer the domain name to you and they may never do that it’s very hard to go after these people especially when it’s amount 30 40 maybe 50 dollars in most cases you lose your money and they can continue propagating the scam so for new domain investors and for domain errs in general I suggest that you stay away from ebay this is not a marketplace made for domain errs if you look at Sato after Nick snap names those are market places that offer auction services and those are made for domain errs well the next place that you can buy domain names and this is another one that I’m trying to keep away from beginners and that is from private websites there’s a lot of people out there who have taken their own domain portfolios and put them on a private website now the advantage of this is you’ll most likely get to deal with the domain owner themselves directly rather than dealing through a listing service we’re dealing through an expert service the downside is remember when you’re dealing with the investor themselves they have a lot of pride and value that they associate with the domain that you might not see and so a lot of times you’ll find these private websites where someone post their own website and sells their domains through that the prices will be very high and so that’s one thing as a beginner that you’ll want to avoid because you want to make sure that you’re getting the best deal that you possibly can and for starting out you’re going to make a lot of mistakes so you’ll want to get a good deal let yourself make mistakes and not be out a lot of money once you get further along into the game well there’s one more place that you can buy domains online and that’s domaining forms things like DN form your name pros first off these are great forums for new domains to get information about donating it to learn from other domain investors and also a place where you can buy domain names one of the advantages of buying domains from domain forums is that these are all expert domain errs and they realize that selling through a forum is going to get them the lowest price possible for their domain so a lot of times they’re willing to part with these domains for rock bottom prices and especially now there are some great deals to be had the only thing is you have to be a little bit more intermediate of a user to really understand the entire negotiation process that you have to do to buy a domain name on a form and actually i’ll have a lesson coming out a bit of a ways down the road for now discussing exactly how to negotiate those domain sales on forums and that’s a skill set I think that a lot of the Mainers could use because there’s a lot of great deals out there but to get started when you want to really buy your first few domain names I would really focus on looking at registering a domain name maybe you won’t get the best domain in the world but you could find a new hot trend in register of comm net org that probably matches that and looking at things like listing services where you can buy a domain you get a listing you’re dealing with a professional organization and that will be more familiar to other online buying processes that you have well now you know where to buy a domain but you don’t know what to look for in a domain and that’s what I’m going to talk about in the following lessons i’ll be talking about what to look for in buying a domain name and really what our equality’s that make a domain valuable there’s a lot of services that offer domain appraisal but a lot of these are not recognized by dou Mainers instead domain errs use their own metrics for why a domain is valuable and this can really vary from domai nurtured Oh Manor in the next lesson lesson number three I’ll give you some insight into how domains value domain values and what you should look for when you’re going to buy your first domain name