The Art of Domain Buying: Tips and Tricks for Getting the Domains You Want

Introduction

Buying domains can be a lucrative business, whether you’re a domain investor, domain flipper, or just someone looking to create a website. However, with so many domains being bought and sold every day, it can be difficult to know where to start or how to get the domains you want. In this article, we’ll share some tips and tricks for successful domain buying, particularly in the context of domain auctions and auction domaining.

The Domain Auction Landscape

If you’re new to domain buying or auction domaining, it’s important to understand the different types of domain auctions that exist. These include:

• Live auctions: where domains are auctioned off in person at events like domain conferences
• Online auctions: hosted by companies like GoDaddy Auctions and NameJet
• Expired domain auctions: where domains that were not renewed by their previous owners are auctioned off by registrars or auction platforms like DropCatch and SnapNames

Each type of auction has its own strengths and weaknesses, and it’s important to research and understand the auction platform and its nuances before entering any bidding wars.

Tips for Successful Domain Buying

Once you’ve identified an auction or domain that you’re interested in, follow these tips to increase your chances of success:

1. Set a budget: Determine upfront how much you are willing to spend on a domain, and stick to it. A bidding war can quickly escalate, and you don’t want to end up overpaying for a domain that might not have been worth it.
2. Do your research: Before placing a bid, research the domain to make sure it’s the right fit for your needs or investment portfolio. Check for trademarks, other similar domains, and past sales history to determine its potential value.
3. Bid strategically: Don’t bid too early or too often, especially if you’re using a proxy bidding system. It’s also a good idea to place your bid at odd increments to throw off other bidders or snipers.
4. Be patient: If you miss out on a domain or auction, don’t despair. There are always more opportunities and domains out there to buy or invest in.

Conclusion

Buying domains can be a rewarding and profitable venture, but it takes time, research, and strategy to be successful. By understanding the domain auction landscape, doing your due diligence, and bidding strategically, you can increase your chances of getting the domains you want and reaching your investment goals.

“In domaining, there are no bargains – only missed opportunities” – Michael Berkens