This guide is not a sure-fire path to overnight wealth in the domain market. Rather, this guide is intended to help the beginner who desires to become a serious domain name investor; one who is willing to put their time, effort, and a little bit of money into the business.
What this guide will not do is make you a domain name expert. This guide is intended to answer some of the initial questions that most beginners ask, leaving your mind open to new questions and then directing you to the right places to ask those questions.
One of the most important things to remember as you enter the world of domain name investment is to look before you leap.
If the jump in front of you is small (meaning the amount of money you want to invest is small), then it’s not that great a risk to move forward. But if you’re considering a big leap, and you stand the chance of hurting yourself (meaning the investment amount is large and you’re risking a lot), then do some careful research before jumping.
The fact is, registering a few domain names isn’t all that much of a risk and it offers the opportunity to get some experience in the industry. But, taking a big risk you may not be prepared for financially or research-wise (like buying hundreds of domains that begin with the word ‘best’) would cost a lot of money with a very low ROI (Return on Investment). So, sit on these kinds of creative ideas while you take time to research the industry and figure out what works and what doesn’t.
There are several different categories of domain investment and monetization; below are quick descriptions of each. Some methods are easier than others. Some methods have a higher return than others. They all have their pros and cons, and they all take time and hard work to utilize effectively.