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getting in the game, my first domain

The-J

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Hopefully this post will allow you to bypass about a year of F*ckin around, because I was where you're at at one point. Most of us were, I think.

Arbitrage (flipping) is useless if you don't know the value of the item you're buying. You bought domains hoping they were worth more than $2, but you have no idea what value these domains actually are. Domaining is just another type of flipping.

Flipping can be a way to make money very fast if you need to make a payment or need startup capital. But you need to make sure you are actually going to be able to sell something for more than you paid. The easiest way to do that is to buy items for less than they're worth. Think iPhones off Craigslist. You find out the eBay price and decide that you are going to buy iPhones for at least $50 less than the eBay price. So you make a couple offers and you get 3 iPhones for $50, $70, and $90 less than eBay price. You sell em on eBay for $35, $55, and $85 profit. That's successful flipping.

Doesn't have to be iPhones, it can be anything. Read @RichKid's thread on hustling. He does all kinds of shit. If you need money now and only have $10, you can start by buying a $20 item for $10, $20 for $35, $35 for $65, and keep going up. Hell, you could even do it with DOMAINS... but only if you know the value of your domain. And a domain without a pagerank is typically not worth a damn.

http://flippa.com

Flipping, however quick the money is, is not Fastlane and is still 'small-time' thinking. It's true that you can make 5-figures a month flipping high-ticket items. However, it's not sustainable and you'll always be trying to catch up to the money you've been making.

What you want to do is build a Fastlane business.

Go read The Millionaire Fastlane and then come back to this post so the rest of it can make more sense.

Read it? Good.

Since you seem to be extra green at this, you need to learn, first and foremost, how to spot needs in the marketplace. You can do this by looking at the things people currently buy, the things people ask for, and what people who asked for those things have in common.

The more you do this, the better you can analyze different markets for needs that are unmet or underserved. That's where the journey really starts.

Good luck. And stop squatting on domains: you're wasting money and time
 

Tyler K

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LOL
as you can see I dont really know much about domains, I just read of somenone that sold a stupid domain for a few grand and wanted to give it a try, so I Invested like 10$ in domains. Fortunately I can afford that.
Sorry I didn't follow your advice/order TylerK.
this are the domains I got so far:
allstarscharters.com (not, is not a brandname)
easyveryeasy.com (I have an idea for a site, I may never develope it though)
idolosamericanos.com ("american idols" in spanish)
teasyteasy (Idon't know what I wad thinking with this one)
windowshaters.com (dont know if it has any value but is my favorite)

I found a few of more that I will reg later.

Okay, good luck selling your domains for 1,000,000! You sure have some great domains and clearly you are the expert.
 

mgore714

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1. Register easyveryeasy.com
2. Create a match service for losers and prostitutes.
3. ????
4. Profit


...
5. Jail?
 

Cruiser

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You don't like to compete with the other million flipping sites? Then try to compete with the other two million flipping domains.
LOL
as you can see I dont really know much about domains, I just read of somenone that sold a stupid domain for a few grand and wanted to give it a try, so I Invested like 10$ in domains. Fortunately I can afford that.
Sorry I didn't follow your advice/order TylerK.
this are the domains I got so far:
allstarscharters.com (not, is not a brandname)
easyveryeasy.com (I have an idea for a site, I may never develope it though)
idolosamericanos.com ("american idols" in spanish)
teasyteasy (Idon't know what I wad thinking with this one)
windowshaters.com (dont know if it has any value but is my favorite)

I found a few of more that I will reg later.
 

Formless

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Bad habits should be burned before they become strong habits.

Read the book. Read the gold threads. Your mind is not ready.

'Take action' is bullshit if your mind is not in the right place, and yours is not.
 
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pickeringmt

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Yeah, one thing I will say is that it is positive that you are just stepping up and taking a swing at this.

Most people come at things from the opposite direction; learning as much as they can and never doing anything.

That being said, you do need a strategy here. You need to consider the desired goal, which would be some kind of website with some kind of value to some group of people.

It is extremely unlikely that you will create this by finding a random domain that has a nice ring to it and starting from that angle.

These domains could become extremely valuable to you if you make them secondary to building a site around something people want.

Don't get discouraged, get motivated. Try harder.

The truth is that there are millions of people doing this stuff, and only a small fraction of them are any smarter, wealthier, or more capable than you.

You do need to understand what it is you are trying to do though.
 

Cruiser

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ok, after reading a bit I said, what the hell, and invested like 2$ to buy easyveryeasy.com
What do you think? is it any good? too many words?
 
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sle3pyguii

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i dont know, i thought it sounded good....

Hate to break it to you, but you essentially just bought a steering wheel cover for a car you don't even have yet.

It's good that you want to take action, but for your next action step...look for a product or some place you can add value. Once you find it, maybe you can use your domain for that.

I'd recommend reading all the Gold Threads here and joining the INSIDERS Forum. TONS and TONS of info. Good luck!
 

Cruiser

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I want to sell the domain, not build it.
Just thought that it was an "easy" domain and maybe someone wanted to buy it.
 
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Cruiser

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I just registered allstarcharters.com
there some companies with that name, should I contact them? how much to ask?
 

sle3pyguii

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I just registered allstarcharters.com
there some companies with that name, should I contact them? how much to ask?

I'm not really sure, but it seems like what you're doing is CyberSquatting...which is illegal in the US.
 

Tyler K

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...

Stop registering domains, I used to flip domains and what you're doing will just waste your money. Go read one of the 300,000 guides on the internet on domain flipping and learn some things before buying anymore domains.
 
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Cruiser

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I could, but i don't. Just like the other million people flipping sites....
 

Gsuz

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Kid Money

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Ease up on the guy. Lets hear about some of your businesses.......??? ****Crickets****
 

Tyler K

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I could, but i don't. Just like the other million people flipping sites....

You don't like to compete with the other million flipping sites? Then try to compete with the other two million flipping domains.
 
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