OnlineDomain.com Domain Name News & Opinions
Rick Schwartz summarized his domain name strategy in just a few tweets.
Rick Schwartz can still find a lot of valuable domain names selling for $500 or $700 and never answers inquiries from domainers.
Here are some of his tweets from Monday:
Domain name classification:
“.Com = Major League. ccTLD’s, .Net, .Org = Minor League .TV, .ME = Semipro. .Biz, .Info = College. #GTLD= Little League.”
Buying domain names:
“Let’s clarify something. It isn’t when u started in #Domains, it’s what #Domains u buy! Lots of guys from 90’s bought CRAP & r GONE!”
“I went frm $1800 budget – $18k budget – $180k budget 2 $750K budget. But I buy #Domains 2 this day like I only have $1800.”
“But I keep starting over again with less money and PUT myself in that position. $700 domains. $500 names. They still buy SHIT for MUCH MORE!”
Selling domain names:
“80% of my domain inquiries come from domainers. I NEVER answer those emails. Waste of time!”
“Everyone running around trying 2 sell everything as fast as they can. My goal is to do 2-3 MEANINGFUL deals a year.”
“REAL domain inquiries come from END USERS & are 1 NEED & 1 PROJECT at a time. PERIOD! It won’t change in future.”
“With #Domains u either wait 4 the guy with the “Highest and best use” or u sell 2CHEAP to another domainer & he does! PATIENCE is KEY!”
“If u have a GREAT domain that u BELIEVE needs 2 be with a certain company, get your ass in front of the BOARD & make a sale!”
“6 or 7. (figures) I don’t do 5 figures without a CHUNK of the new business. PERIOD! No discussion whatsoever.”
“Understood. People have more power than they realize. It’s ok 2 sell shit 2 catfish. ie worst domains to domainers. But NEVER anything good.”
You can read here how Rick Schwartz values his portfolio at over $500 million dollars.
and there it is.
More like an ego-boosting word salad with no underlying value to help anyone reading it. He insults domainers at every opportunity yet they worship him as a king. Rick for president!
Looks like a solid financial budget for investing, but it doesn’t really go into any details about the research, identification, niches, etc. that the budget is being spent on. I think readers might find a step-by-step guide from start to finish much more useful than just the budget prior to the investment.
Well Said!! no body help you in that regard or show you step by step guide. Every body tells you after they sell their domain name.
There is no step by step guide. Go through the drop/expired lists and buy good domains. Rick has talked numerous times on what kind of domains to buy and what to look for.