First domain purchase - opinions welcomed

[djuqa]

"Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime."

"Buy him a boat and get rid of him every weekend"

 

[Blue Wren]

I feel like I am phoning a lot of members... I already have had 4 invitations to call and have spoken to 1 so far... I will check PMS now

Yes; when you wave 21K around you should expect sellers to stampede your door, (or phone in this case).

 

[findtim]

"Buy him a boat and get rid of him every weekend"

lend him $20 and you'll never see him again

tim

 

[snoopy]

I know the member you are referring too, I reccomend you do business with him as he is a honest seller, but in my eyes I would ask him to sell you say 1 x name for around $800 range rather then buying 4 names for $600, I think you can make better ROI off 1 good name rather than 4 average names..

The seller may be honest but the names are utterly worthless.

 

[DavidL]

Basic rule - if you buy to develop, the name on it's own really needs to be worth at least $1K depending on how you value your time unless:

1) It's a name that suits a project which is going to go ahead anyway or;
2) It's part of a niche you already are invested in rather than a standalone project
2) You have a mass low-cost development model that actually works!

All too easy to overcapitalise.