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Where to find a GoDaddy promo code list for 2011?

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Before I begin, I wanna ask: Where to find a GoDaddy promo code list for 2011?.

My next question is: Come on.spill the beans.

When I originally started I knew nothing about domains and so evidently invested in "good sounding names" that went nowhere.

I was smart enough to invest in LLLL.com though I unfortunately came really late in that came and only scooped a handful good ones and a handful of so-so ones.

Up till now my strategy has been to invest in .coms.

I don't invest in the aftermarket (though many here do) in terms of aftermarket auctions but I do look over the slim stuff that comes in the way of drops.

So what is your strategy? How do you play the game? Obviously no one is going to spill their secrets but perhaps a quick summary will help us newbies look at domaining differently then we previously had.

Skinny..

Comments (9)

Your question was: Where to find a GoDaddy promo code list for 2011?.

Acquire HostGator names in untraditional fashion. Many deals to be had.

Justin..

Comment #1

Can you delve into what you mean by 'untraditional'?..

Comment #2

My strategy thus far has been. Cash in on hype. I put a lot of my budget into LLLL.coms and L-L-L.coms and the proceeded to sell them since the buyout for a nice return. Now I currently own a bunch of LLL.in and a few names that are developed. I also own a LLL.net that I got in a trade. So in summary I own mostly names that should be able to be sold to domainers.

I have names parked while I wait to either flip them or develop the name but in all honesty I do not see the point in parking something long term. Rather build a website and try to get return visitors...

Comment #3

I don't have any secrets as I haven't managed to sell one, but I think for a HostGator newbie snapnames is a great resource as the best names have all long been taken, but at least on there with a fresh budget to start with you might be able to pick up some good domains at a fair price...

Comment #4

Buy them direct from the owners before they drop I would imagine.

I used to backorder alot at snap and only bother to bid when there was few in it, nice way to get some decent ones for just $60 to $100.

Too expensive for me now with the likes of NameJet + everyone sees what you have backodered.

...

Comment #5

Not a lot of big secrets here, although I am in a strategy switch period. Although I never planned it, for the last 11+ years I was a buy and hold kind of guy. Among the newbie mistakes since 1996 (and occasionally today) was buying too many domains and not properly monetizing them. I had my first sale a couple of months ago. I develop several sites and monetize others. My new strategy is to mainly sell for the next few years.

Or whatever.

The other part of my strategy involves luck. I continue to deny that there is such a thing as luck, but acknowedge that I am very lucky. Since most of my best finds for buying were just plain dumb luck, then my strategy for my best sales will also be based on luck.

It seems to work for me. Your mileage may vary.

Good luck,.

Marc..

Comment #6

Think like a user not a domainer. Look outside the box that many domainers insist on staying in so that they feel like they 'belong to the club'.

Always be analytical of my purchases, admit to myself when I have made a mistake.

Look for end-users where possible but be ready to sell some at wholesale to another domainer so as to have cash flow and reinvest that money...

Comment #7

Well ... can't say I have much of a conscious strategy, or any exceptional success in $$$ terms to show for the short time I've been actively reading, writing, and trading here @NP. Still just starting to get a good feel for potential pitfalls and possible rewards of doing more serious business in this HostGator.

Any too-specific strategy that becomes popular will sooner or later be "traded away" so maybe best to come up with a meta-strategy to develop your own path to success in an evolving market.

Here's what I'm coming to understand about my own meta-strategy - nothing all that revolutionary really, and no worries about the strategy getting "traded away" here - I'll be glad to see that many more domainers playing to win a "win-win" game - while it may not the only way to make good profits, it seems like a relatively low-risk high-reward approach that's already worked well for many in this community.

1) your reputation should be worth more than any amount of money you stand to gain or lose in any trade you make. Try to do fair deals with good people, and you'll be that much more likely to be "in the loop" as a trusted trading partner when new opportunities come up going forward. Conversely, jumping to squeeze every possible extra $$$ out of an already "too good to be true" deal with some anonymous trader is a proven recipe for getting burned sooner or later - ending up with a stolen domain, or paid with a stolen credit card, or ... you get the idea. Doesn't happen that often as far as I can tell, but even once could be more than enough to put a serious dent in your business for a while.

2) Find a good balance between your brain and your gut. Your brain should be looking at the numbers - how many potential buyers, how long will it take to find them, how many potential sellers willing to sell a comparable HostGator at a better price. Your gut should be giving you generally reliable answers to questions like "would I really ever want to pay even $xxx for this HostGator I'm counting on being able to flip for $xyz next week?" For example, in September my gut told me "I'm hungry for some LLLL.com" / my brain told me "okay but don't bite off more than you can chew" ... In October my brain told me "buy some decent L-L-L.com while you still can" / my gut said "I dunno, maybe a few, I like LLLL.com better but can digest a few hyphens I guess" ... Well - I ended up regging $220 worth of L-L-L.com and regging/buying maybe five times that amount of LLLL.com ... Now 2 months later in December, I'm enjoying a healthy L-L-L.com market (a few sales have already paid for the $220 regs, still have about 25 left to see what happens over the long run) ...

Maybe a few chocolate-covered ants (considered a tasty treat in some places, or someone might eat a few on a dare) - anyway, good to have around, might be worth a bit more to folks with similar appetites in a year or two, but maybe not as nourishing for the long haul as a heftier amount of L-L-L.com might have been.

3) Plan for the long haul as much as you can ... it seems like the biggest profits might take 5 or more years to really come to fruition - in the meantime you're waiting, waiting, waiting, watching a little sprout turning into a scrawny sapling, wondering if it will ever grow into a healthy tree. Year one you paid reg fee or "reseller" price or got lucky winning a drop auction at a price you could afford ... Year 2 you pay renewal fee. Year 3 or 4 you might get tired already of paying renewal fees, and happily sell off your little sapling for just a bit more than the $$ you've already paid - if you can even get that much for it especially if trying to sell it a week before it's due to expire! A few years later you might check back to see ... that scrawny sapling grew into a nice 20 foot tall shade tree - those annual renewal fees don't seem like such a big deal any more! The $64,000 question now becomes -> in a few more years will this healthily growing tree be 40, 50, or 100 feet tall? Or will it even still be standing at all? Seems like .com has so far been the most solid ground to grow the deep roots for the tallest trees.

4) Plan for the short term as well. This works a few different ways. First the good news: if you can reliably make 10% from a quick flip each and every month, and put that profit back into the next buy each month ... at the end of a year, have you then made well over 100% ROI on your initial investment? Well ... actually, if (maybe a very big IF) you compounded 11 flips at +10% each, over the course of a year you would be enjoying closer to 285% ROI. Do those 10% per month flips for five years and if you started out with $10, you would end up with well over $2000 ...

Now, some of the bad news of course is -> $2000 for 5 years of work isn't much more than $1 per day - so better not to count on living off your profits anytime soon if you start domaining with just $10. (Maybe possible, but so is going to Las Vegas with a roll of quarters to feed the slot machines and then coming back a millionaire - seems like the safe bet is that most of the money that comes to Vegas stays in Vegas ... Domaining seems to have at least slightly better odds, and it's not really a game of chance, though some "stochastic processes" certainly to be reckoned with in the market - maybe a better analogy would be going to Vegas after learning to count cards - and then realizing that you're now sitting down at the table with some very smart people who have made a lot of money counting those same cards for years already. "Well ... ante up - you in?").

More points to make about planning for the short term - it might take a bit longer than you first thought it would to flip at a profit - or even at a loss. When prices start going down, they can move a lot faster than when they were going up. If you know the market well enough to have some reasonable, realistic level of confidence in your understanding of why prices are moving in whatever direction - and you've worked it out with your gut ahead of time - then you can make better decisions using your well-informed brain (enjoy a good "selling opportunity" if surge in demand causes price spikes beyond real long term value and you may be able to buy comparable assets for less $$$ later on ... and try to keep some cash handy for the predictable "buying opportunities" during short-term declines if you understand the temporary motivation for sellers (ie, usually "need money now") ... or be prepared to bite the bullet and "pull the trigger" to cut your losses if/when you realize that some of your favorite "money trees" were actually planted in barren soil - they sprouted okay, maybe seemed to grow okay for a while - but once you're pretty sure you'll be looking at an unbearably long drought while the grass is much greener elsewhere, then better for the long run to be able to pull up stakes and move on to more profitable areas sooner rather than later.).

4) Use your time as wisely as you can ... (It's more valuable than the few $$ you might make from flipping penny-ante domains - but then again, so is the learning experience you might get from those early efforts.) Read as much as you can as long as it's still new to you ... If you enjoy writing, NP is a great place to share your thoughts - some time spent turning thoughts into words can help organize your own ideas and (especially) when you're still new here, might be good to let others get more familiar with you as a "known quantity" (for better or for worse). Whether or not you end up doing serious business with any of the good people you might meet on NP, chances are you'll enjoy sharing ideas more than a few like-minded thinkers on the whatever wavelength you're tuned to ....

5) Pay attention to the market - check prices of recent sales and try to understand what's going on behind the scenes as much as possible. While it's usually true that "the trend is your friend" ... best to be a bit wary about always buying what everyone else is buying when they're buying and then trying to sell what everyone else is selling when they're selling it ... It's a tricky balance, but IMO the biggest profits are made if you can figure out how to be just a bit early (or at least not terribly late) when buying, and again maybe also just a bit (but not too) early when selling. It's often said that "no one ever went broke taking profits" - while it's easy to get knocked for a loop paying reg fees while waiting for the market to catch up with your prescient vision. Market timing is tricky at best (and really, not to be relied on as a strategy) but a bit of a contrarian instinct can be a useful balance to keep you from following some random herd of lemmings up a hill and over a cliff. (Best to pick a herd you're comfortable running with, study the maps carefully, chart your own course as much as you can, enjoy the journey, watch your step, and pack a parachute just in case!).

6) When wearing your "contrarian thinking cap", keep in mind that people offering differing points of view may be doing you a favor in more ways than you realize, even if it seems like harsh criticism or outright ridicule. Try to understand where they're coming from - if they're ultimately correct in predicting that the market really won't ever be coming around to your way of thinking, then better to get that reality check about "the invisible hand of the market" before it slaps you silly in a way that costs you more than your pride. And if they're wrong ... well ... get familiar with the thought process that caused them to miss the profitable opportunity, learn to recognize it best you can for future reference (and to help hone your own capacity for making a better sales pitch, if/when the time ever comes for that.).

7) Those who know will not say. Those who say do not know. (Know what I'm saying? Ah ... neither do I, really!) Maybe just a roundabout way of reminding myself not to take "deep thoughts" too seriously, be prepared to make mistakes (and learn from them). Don't speculate more than you can afford to lose - the only thing a person ever "needs" to buy "right now" is food - so if you're overextended in lean times and "need" to sell your precious gotmilk.com or whatever to buy some ramen noodles - well, you're probably not going to get the best price "right now" ... Hope for the best, plan for the worst, and keep reasonable expectations somewhere in between - you'll be pleasantly surprised more often, and hopefully never too severely disappointed.

8) Try not to enumerate more than 7 points in any long-winded strategic planning document, especially when starting to ramble on quite a bit. Know when to stop...

Comment #8

Wow, impressive. Anyone new to the game should read that, then read it again, then read it one more time, then save it to a word file and memorize it...

Comment #9


This question was taken from a support group/message board and re-posted here so others can learn from it.

 

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