Sharing how I was flipping domains every week constantly via outbound in the $100-$500 price range. “I made around $2400 in one week, all by outbound.” Sharing my strategy:
First thing first, you need a good domain.
No matter how good you are over the phone or how well-crafted your email is, if the domain you are selling does not bring value to your prospects, it won’t sell. For example:
if you own LondonRealEstate/com, your potential buyers should be either LondonRealEstate/net or London-RealEstate/Com, those using a 3-4 word domain name and real estate companies based in London.
How to sell domains every week
Now, I’m assuming you already have some domains, but you don’t know how to sell them every week; here’s what you can try: Go through your domain portfolio, choose 10 top names, and put them in a separate Excel sheet.
Check how many extensions are taken and developed, SV, CPC, etc, and add all that data into the spreadsheet. You can use dotdb for extensions check.
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Now, it’s time to dig in.
The 10 domains you pick, each of them should have at least 50 potential prospects to sell your domain. The more potential prospects you have, the better your STR (sale-through rate) will be.
IMP- Don’t choose all of your 10 domains in the same niche; finding many potential prospects in the same industry will be hard
So, make sure the domains you are selling fall into different niches. This strategy will also give you useful data to see which niche is getting the most response.
Now pick 2 domains out of those 10 domains you added on the spreadsheet and start doing outbound on your every two best domains for the next 5 days(2 domains a day). Why? Because it’s all about filling up your sales pipeline with potential prospects.
Follow ups
Okay, so now you have a process in place, and to make the process work, you need to add follow-ups to your sales campaign. Doing follow-ups is key to improving your conversion rate. In my opinion, you should do at least three follow-ups every 2-to 3 days, but if someone asks you to stop sending them emails, please honor the request and remove them from your list.
Importance of strategy, system/process
Constant Inbound sales require having a portfolio of domains that get you stable deals, and to make this happen, every successful investor has a strategy in place, and it takes time to get that result.
Similarly, to be successful in outbounding, you need a system in place. You might get lucky with a couple of deals here and there, but if you want to make the most out of it, spend some time building a proper strategy.
Key points: –
- Buy domains that sell & start with Dotcom(Sell what selling)
- Build a system/process, especially if you rely heavily on outbound
- Data is key. If any of your domains get sold, use that data to buy more domains in the same niche and keep repeating the process
- Be reasonable with your ask. Know your sweet-spot
- Follow-ups, Follow-ups(One email won’t get you a sale)
- Show up every day
That’s it for now. I hope you like it
Namaste 🙏
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