Here are some brief recommendations for novice domain investors based on my review of a large number of appraisal threads:

- Refrain from purchasing any domains within the first two weeks of beginning your investment journey.
- Determine whether you are looking to invest short-term, medium-term, or long-term. Short-term investments are typically not as successful.
- Only invest in domains with extensions that you comprehend, such as .COM, .NET, .ORG, .CO, .IO, and a handful of others.
- Unless you have done extensive research and truly comprehend them, avoid investing in new extensions.

I will provide additional suggestions, but these basic tips will help you avoid a great deal of frustration, time, and energy.

In order to conduct transactions outside of marketplaces, trust is crucial.

Although I have engaged in numerous transactions using PayPal, I typically provide the counterparty with a link to my professional LinkedIn page. This allows them to see that the account belongs to me, and I urge them to connect with me there, as well as Google me and call me at my provided telephone number.

Given my extensive background in the corporate world, I am able to demonstrate that I am not the type of person who engages in fraudulent activities for monetary gain.

Furthermore, I have even established payment plans via PayPal's subscription feature long before it became popular on marketplaces.

Here is a restatement of the "selling" process, assuming that you are the owner:

1. Agree on a price and method of payment with the buyer.
2. The buyer sends the previously agreed-upon payment through a specific channel (escrow, PayPal, cryptocurrency, marketplace).
3. Once the payment has been verified, transfer the domain to the buyer:
   A. If the buyer is transferring the domain to the same registrar, they must request the auth code from the existing registrar and then provide that code to the seller.
   B. If the buyer is transferring the domain to a different registrar, the seller must unlock the domain before/as soon as the auth code is sent and agree to allow the domain to be transferred from their account. The seller should receive an email from the registrar requesting approval for the transfer.
4. The buyer acknowledges receipt of the domain.
5. The seller expresses gratitude to the buyer for engaging in business with them.

Note that if a domain is still in 60-day lock, it cannot be transferred to a different registrar. Instead, it can only be "pushed" to a different account at the SAME registrar. This is my personal opinion.

Quote from: a112 on Jun 28, 2022, 01:46 AMDo not invest in anything apart from .COM, .NET, .ORG, .CO, .IO and a couple of other extensions which you understand
Stay away from new extensions unless you really really understand and have done your research

Really helpful advice. Although I am new to this business, I am suspicious of new extensions, as well as ordinary users. A clear understanding of your goals is correct, but I would like to know in more detail what they may consist of.

Hi! Thanks for the tips! I will definitely listen to them. I have a couple more.These are tips from my personal experience, so take it apart)
1. Check the domain before buying, not always its history can help you, for example, in a start-up business;
2. Preference for registration should be given to short names — with two levels of nesting. Three-level domains can also be used for regional promotion.
I hope this information will be useful to you.

Investing in domains seems like a very promising area for me to work on. I was just recently looking for information on which zones are the most profitable to buy domain names. Your advice is interesting, but I would like to know more practical advice for those who are just starting to understand this matter.

Domaining is a demanding endeavor that requires ongoing learning. As a domain name miner for just three months, I have gained some important knowledge: always ask questions! This is something everyone should bear in mind when purchasing their first domain name. Consider whether you would buy a car without asking questions - of course not! So why wouldn't you do the same when buying domains? You should inquire every time you register or purchase a domain name. In fact, it's wise to ask questions whenever you are making any kind of purchase, regardless of what it is. The more you ask, the more you learn.

Initially, I registered all the "cool" domains I could find. While they were certainly cool to me, they didn't necessarily appeal to others. Therefore, I recommend checking forums and auction websites to determine what sells and what doesn't. Keep track of domain sales in a log or Excel file. These tips are what I wish I had known when I was starting out.

If you want to earn substantial profits, approach the domain industry as if it were a multi-million dollar enterprise from the outset. If you are viewing this as a side job to earn pocket money, I regret to inform you that you will likely be disappointed with the results. However, I am not suggesting that you spend thousands on new domains - only invest what you can afford.

I regularly encounter "domainers" on forums who must sell their domains to pay bills... I advise you to never do this! Once you enter the world of domaining, it can be tough to leave. Avoid bidding on auctions that could seriously impact your financial situation, or you may find yourself in dire straits. Additionally, refrain from spending money from sales until you have received payment for a completed deal. Anything can happen - sometimes buyers fail to pay on time. My advice is to spend only what you can afford.

Based on my analysis of your recommendations, here are some additional suggestions for novice domain investors:

- Educate yourself about the basics of domain investing, including industry terminology and market trends. This will help you make informed decisions.
- Conduct thorough research before purchasing any domain. Evaluate factors like keyword popularity, brand potential, and market demand.
- Consider the potential end-users of the domain. Are there businesses or individuals who may be interested in acquiring it in the future?
- Purchase domains that align with your personal interests or areas of expertise. This can give you an advantage in understanding market value and potential buyers.
- Keep track of your investments using a spreadsheet or dedicated software. This will help you stay organized and monitor your portfolio's performance.
- Participate in domain forums and communities to learn from experienced investors and gain insights into market trends.
- Don't be afraid to negotiate and sell domains. Understanding the value of your assets and engaging in negotiations can lead to profitable deals.

- Be cautious of domain appraisal tools or services. While they can provide a rough estimate of a domain's value, they should not be relied upon solely. It's best to have a deep understanding of the market to accurately assess a domain's worth.
- Consider the potential for development when purchasing a domain. Some domains may have more value if they can be developed into websites or platforms that generate traffic and revenue.
- Stay updated on industry news and changes. Domains can be influenced by various factors like emerging technologies, regulatory changes, or market trends. Being aware of these shifts can help you make more informed decisions.
- Network with other domain investors. Building relationships in the industry can lead to valuable partnerships, learning opportunities, and potential sales or acquisitions.
- Understand the legal aspects of domain investing, including trademarks and intellectual property rights. Ensure that the domains you purchase do not infringe on existing trademarks or copyrights.
- Keep an eye on renewal fees. Domains require annual renewal payments, so consider the long-term costs associated with each investment.
- Balance your portfolio. Avoid putting all your investment in just one or two domains. Diversify your holdings to mitigate risk and increase your chances of finding profitable opportunities.