I had a budget of only $300-$500 when I started investing in domains, and I ended up selling $25k worth of domains in a few months via outbound.
If I have to start again, this is how I’ll do it:
Start with your niche
Do you like photography? Then start with names related to photography. Are you in crypto? Find names in the crypto space same goes for NFTs.
It’ll make your life easier as you know the trait and gives you a cushion in finding buyers relatively easy compare to going completely cold. Your network is your net worth. Make the most out of it.
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Dotcom Dotcom Dotcom
Start with dot com only. Selling domains via outreach is already challenging, and you’ll make your job tougher if you begin with other extensions. Everybody knows what .com is, so sell what is selling.
Just don’t do hand reg
It’s tempting to buy and reg domains for $10-$12, but that name will likely never sell. Remember, you are on a limited budget, so you have to spend wisely. Avoid made-up, brandable domains; they are the hardest to sell when it comes to outbound.
Should I buy a bunch of domains or buy 1 domain for $300?
The choice is yours, but as you are new with little knowledge, I’m 99.99% sure they’ll never sell if you register a bunch of domains for $10/$12. Available domains are available because no one wants them, that’s the fact, and this is outbound; you are not building a portfolio and waiting for a buyer to come.
You are knocking on their door. IMHO focus on buying a good domain name. Every day, thousands of domains get dropped, so your best bet would be to buy an expiring domain via backorder or by joining an auction.
Even if it is just one domain, the risk is always there, but this is one of the best ways to get started, IMO.
And more people bidding in auctions is always a positive sign. It means there is a demand
This is how I’ll do it:
f my budget is $300. I’ll open an account at DropCatch/com & scout ED(ExpiredDomains/net) to look for names that are expiring in my targeted niche & place a regular backorder of $59. The budget is $300; if the domain goes into auction, you know your limit, so stick with it.
Now, before choosing a name, you’ll have to do a quality check to ensure the domain you buy has some potential buyers.
What to look for in the domain that you can flip quickly.
- Dotcom
- Stick with two words only.
- Look for domains where a minimum of 1 extension is taken & developed. The more, the better
- For GEO, only go for big cities/states.
- For keyword-rich domains, make sure they have fair enough SV & CPC.
- Outbound is a volume game, so try to buy a domain with at least 50 potential buyers.
Pricing
In outbound, most domains sell for the $100-$600 price range, so stick with that, and the names you’ll be selling to are mom-pop shops.
They won’t be able to spend more, so always be reasonable with your ask.
Focus on getting your first sale ASAP. Sale is a momentum game; you can make more profit later once you gain momentum. A small profit is enough in the beginning.
Real money is in follow-up.
Follow up! Follow up! One email won’t get you a sale; you must constantly follow up. You can follow up every 3 days, and if you are doing manual, that’s okay, but I recommend an automated setup. There are many email service providers:
- Snov/io
- Gmass/co
- Mailgun/com
- Mailshake/com
Is this for you?
Outbound is not easy, it is time-consuming, and you have to show up every single day no matter what, especially if you rely heavily on outbound. I’ve seen people give up quickly, so if you think you can show up every day and do the grind, then go for it; else, think twice before jumping into this.
That’s it for now. I hope you like it.
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