So here we go:
- Register 1 word domain name, in most cases try to avoid 2 word domain names.
Example of 1 word domain name: holy.life. Example of 2 word domain name: myholy.life or ourholy.life.
Why? Because chances of selling 2 word domain name in new gTLD space is very small (consult namebio.com). Do not think you can outsmart someone with your word1word2.gTLD combo…in most cases you will not outsmart anyone, and usually you will be dropping such names after 1 year. There are exceptions from this rule of course, but safest bet is to simply avoid it, particularly when you just start with domain investing.
2.Register names with not many alternatives in new gTLD space.
This simply means, that end users can not find alternatives for your name in other new gTLD extension, for reg fee.(use uniregistry.com to check that). Particularly when you ignore point no.1 and register 2 word domain name, you will usually find that your string exists in dozens of other new gTLD extensions…and is available to be registered by anyone for reg fee. This subsequently means you will have no leverage when it comes to negotiations with end users.To learn exactly what “alternatives in new gTLD space” means, read this new gTLD appraisal thread here.
3. Register names with large pools of potential end users.
You can have perfect new gTLD name, but if there are only few suitable end users who can use your name, it will usually take long time to sell it. If you register name where millions of potential end users exist (so something pretty broad and generic), you will be getting much more offers, and you will be able to close much more sales.
4. To be first is not always better… sometimes it is better to be second.
When registering new gTLD, consider this: when extension is brand new, there is almost zero awareness about it among end users (unless there is a huge marketing campaign for it you know about).
It can take years for awareness to be created. This also means that for many extensions there is almost 0 aftermarket in early times. Usually only fellow domain investors. This is natural – if something is very new, almost no one knows about it. So if you want to be first to get best names, fine, but budget for your investments accordingly – it is not wise to expect that you will buy something totally new for USD 10, and you will be able to flip it to end user for USD 10k. It happens, but rarely. There are many experienced new gTLD domain investors, who simply wait for drops after 1st year and pick up some very nice names. But this wisdom comes with years of investing experience and is not something what can be intuitively understood, at least from what I see.
5. Make sure renewals of your domain names are sustainable.
Second most important thing in new gTLD domain investment (after quality of the name) – make sure you understand renewal fees for your domain names. In order for you to be in a long term game, renewal fees of your domain names must be sustainable (aka low). Otherwise you will be dropping almost all of your names after 1 year, and all your effort will be wasted.
6. Make proper landers for your name.
Do not just let your domain names without proper landing pages. Do not be lazy and immediately prepare landers for them.
Some old school domainers are used to the fact that they were contacted by people who found their contact details in WHOIS database – this is not possible anymore, as due to GDPR legislation most records from WHOIS database are now masked. This also means that when you have new gTLD domain name, your details will be masked in most cases (again, there are few exceptions from this rule, but do not rely on them),. Buyers thus have no way how to contact you. Clear landing pages are a must in 2019.
7. Do not follow the herd.
Just because all people at Namepros are registering .panda (just an example), it does not mean you also need to register .panda…Most people are not profitable and are actually loosing lot of money – so if you will do the same thing as most people, you will have the same results as most people….
When you follow the herd, it is not only that competition is huge, but you will end up registering nonsense word1 word2 names, in times where there is no aftermarket created yet, when you do not know if there are some renewal promotions in future, when major domain selling sites not yet support that extension, and when there is no awareness yet among end users. Likely result of your action: you will drop your names prior first renewal round. This is happening since 2014 in many forms and shapes, still it seems like most people like to repeat those mistakes happily again and again.
You need to find your niche/extensions/areas of expertise and go from there. The most lucrative way is still to buy new gTLD names from fellow domain investors, but almost no one is doing it, except few people. Typical newbie new gTLD domain “investor” will rather spend USD 10 on 200 bad names and will not sell even 1 of them, prior dropping them all, then to pay USD 2000 for 1 great name which can sell for great profit. Which leads to:
8. Get 2-3 good names instead of 200-300 bad names (which you will drop anyway).
Buy only quality new gTLD names, as only highest quality sells in 2019. And you know that you have great new gTLD domain name, if you have a good feeling renewing it 9 years in advance.This should be always your test: am I confident enought for this name, so I have no problem to pay years in advance for it’s renewal fees? Now to critics which would tell you that you are blocking unnecessarily your capital by paying renewals in advance, I would like to remind:
a) renew your name years in advance if there is a great renewal promotion (you can save sometimes 90% of total cost, as some renewal promotions for new gTLDs are simply amazing)
b) when you renew your new gTLD name 9 years in advance, it tells your potential buyers something about your commitment…. It is much easier to negotiate if your name is renewed like that.
Buyers are not stupid: they will check everything possible about you and your names, and in most cases they are simply waiting if the name does not expire/if you do not drop it . But when we are in 2019 and your name is renewed until 2027, this waiting game is simply over for them, and they need to approach you if they want the name. But to play this game, you really need to have good new gTLD names.
9. Get to social media and make lot of connections.
Do not be a secret seller. Have your portfolio clearly visible to anyone, and go to Twitter, Linkedin, Instagram, Youtube and Facebook at least. People with most success have great online presence, and professionally looking marketplaces.
10. Price your domain names as a pro.
New gTLD names are very unique, as they are are pure phrases without any suffix, and are therefore also geo neutral. They have great value, and this value grows in time.
If you have great new gTLD name, renew it for years in advance, and do not let it go for cheap …
11. Bonus point – do not listen to “voices of past” with “only .com is an good investment” mantra
This is already past us and so not 2019 – luckily we see this nonsense less and less …