Have you ever stopped to think long enough whether you are a 'Domain investor' or a 'Domain flipper.' Some are both but there is a huge difference. The last thing I want to do when I buy a domain is flip it. Even folks that flip domains for a living may want to adjust.
The first thing I do is study the domain name. Most domains I buy are ones that I believe will have more value in time not less value. So I am never in a rush to sell. I want to know as much as I can. I want to see where it stacks up against my other domains. The process takes several weeks to several months.
I am never in a rush because in most cases I am dealing with an appreciating asset. Sometimes doing nothing can make you more money than doing something or even doing something stupid.
There is a lot of money in both. That is why this is such a great business. You can buy just ONE domain of value and sell it and you are in business. It just blows me away that folks would take their TIME and buy a $25 domain and flip for $50 and pat themselves on the back. Let's just say that is an under achiever attitude. If you can do it for $25, you can do it for $2500 or $25,000. Raise your game.
If you are a waiter you want to work at the busiest restaurant with the highest prices as you will likely make the most money there than a slow cheap restaurant. There is a parallel in domains. You decide which one you want to be.
Just remember it takes the same time and effort selling a $25 domain as a $2500 domain and I surely could make the case it is MUCH EASIER to deal with folks at the $2500 level than the folks at the $25 level.
For me it was a balancing act. How do I hold my domains for 20 years and still establish a market? That meant I had to pick my sales carefully. What I was building was a foundation of value long before there were outlets to sell domains. I had to point to examples that I achieved. Now I have the luxury of a thriving marketplace. Domain sales are 24/7 and there are countless auctions. Each establishes foundations and that is helpful.
I no longer have to count my own domain sales to prove something. I don't have to prove about leaking traffic from .co to .com. What we have discovered will now be verified with 3rd parties. They no longer have to believe me or you. WE can point to Mr. Johnson and what he learned and his words.
'Mr. Johnson said customers responded well to the O.co advertising, but after watching the spots, 'a good portion' of those who sought out the website went to O.com, instead of O.co.'
Have a GREAT Day!