Tips that excellent domain name investors should know

Technically, there aren't many barriers to entry when investing in domain names. Once you've chosen a domain market or registrar and a payment method, you can start registering or purchasing domain names. However, understanding the following facts is important to simplify the learning curve.

1. Time and investment costs

As with other types of investments, as long as it's an investment activity, the returns are closely related to your budget allocation and time investment. Time and money are limited resources, so when you start investing, you should carefully consider every decision.

① Getting started in the investment field

Most people will choose to spend time doing some research on the field first. You can browse websites, watch videos, participate in online communities or forums and share experiences and exchange opinions with other investors. Once you're ready, you can start researching actual domain names, checking domain market lists, and monitoring domain auctions that interest you. Research will definitely take your time, so consider your actual situation, such as how much time you can set aside per day or per week for relevant learning, and integrate it into your schedule. The harder investors work to build a knowledge base, the more likely they are to actually start their domain name investment journey, and they will be more capable of making confident and wise investment decisions.

② Have some experience

Investing time can effectively help investors reduce costs. The more research you do, the more you will understand investment strategies, and each strategy has multiple ways to practice. For example: you can choose to adopt a content building strategy on a valuable field, participate in on-site advertising or affiliate programs. You can set a budget for your investment activities, determine a small number of "target domains" and "squat" in the domain name market. Or, you can spend time researching keywords in niche industries and manually register multiple domain names at a small price.

2. Domain name renewal

No matter how many domain names you have, renewal is a relatively not-so-cheap expense. It is recommended that you take renewal into account when building a domain name portfolio and controlling the number of domain names, because manually registered domain names may take a certain amount of time and opportunities to wait for it to appreciate and make a profit. On the other hand, slowly building an investment portfolio at your own pace, ensuring that every domain name is valuable to the greatest extent, can effectively reduce the cost of difficult renewals.

3. Transferring domain names

Understanding domain name transfers is crucial for domain name investors - after all, if you can't transfer domain names in or out, you can't build your portfolio through the domain name market, nor can you make money by selling them.

Whether you are receiving a domain or transferring it to another registrar/user account.

Here is an overview of what is required to transfer a domain:

1) The domain to be transferred must have been registered or shown as registered in your account for more than 60 days.

2) The domain needs to be unlocked in order to be successfully transferred, which is a security measure to prevent unauthorized transfers.

3) After the domain is unlocked, you can access the authorization code of the domain. This name may change depending on the registrar. It is also often called the EPP code. If you are the buyer, this code will be shared with the buyer or attached to the registrar to initiate the transfer process.

4) The transfer process varies from a few hours to ten business days. If you are transferring to another registrar, you will add one year to the registration period of the domain.

5) Be sure to familiarize yourself with the popular registrar domain transfer protocols.

4. Negotiation

Negotiation is crucial when it comes to direct domain transactions with other users. This key area will become more prevalent once you sell high-value domains to domain end users or other investors. Since each investor or domain end user has a different standard for judging the value of a domain, it is important to determine the minimum amount you are willing to accept to sell the domain (if you are selling the domain) or the maximum amount you are willing to pay to acquire the domain (if you are buying the domain) before negotiating, which can help you make a more reasonable decision. Because rash decisions often lead to bad investments, please take some time to do some research before making a decision. If you are a new negotiator, it is worthwhile to learn various negotiation methods through reading, taking courses, and even discussing with other investors to improve your personality.