Want to build a side business? buy a great domain name
deepsouthventures.com
deepsouthventures.com
Edit: Well, thinking about it, it’s not always true, but at the very least I check out the other options too.
A better example (for me at least) would be backroads.com vs. something like biketourstoday.info. The former is distinct, trustworthy, memorable, greppable, and just good. I thought a lot about these things in starting my business. While capiche.com doesn't say anything about SaaS, I think it resonates with people more than, say, saasreviews.io or whatever would've.
btw, this post is highly relevant and is one I reference often: http://messymatters.com/nominology/
I take issue with greppability. Unnecessary as long as you can use regular expressions to search for whitespace bounded terms.
Sure if your domain name looks erratic or otherwise won't they still notice but as long as your domain name is sane I don't think it did matter anymore at least not to a large degree.
Or at least that is what I think.
One exception are people which where "thought" about domains also got stuck in the way they see the internet. So if you target people between 35-50 it might still matter a bit more I guess).
OT: For techies winning depends more on technology. It would be more interesting to appeal to the serious and properly organize the trips by distance, days, incline, temperature, weather and price in a sortable way. The more advanced the cyclist the more there has to be actual cycling (think repairs, renting high end bikes, massages, spa etc), they care about statistics and leaderboards, there is a whole eco system worth of technology to explore and tap into. (Could upload your entire offering to https://www.bkool.com/en/cycling-simulator ) much fun to make. At that point, if you call it cocainepizza44.ninja people will find it.
I can accept that buyers would pay more for BikeTours.com than for GoSojourn.com (and that the author would earn more money for brokering such a name), but is there any empirical evidence that customers prefer the simple descriptive name? And by how much? That's a critical question. If the BikeTours name costs $40,000 and GoSojourn costs $200, could the $39,800 difference be put to better use by GoSojourn such that it beats out BikeTours?
If you look at the traffic of most websites, very few visitors come directly to your website by entering the domain into the address bar (because visitors are far too lazy to type out an address). The biggest chunk normally comes from other websites directly linking to you (this includes search engines and social media sites), or paid advertising (if you do that).
Only one thing that has room for improvement: if you download the .GPX, it always has the same name. It would be nice if it would indicate the date or destination.
Same thing for gosojourn.com
Also the more generic the name, the more I expect to see a large reputable company. For a company named BikeTours, I expect too see many reviews in internet forums, a professional looking, custom built website, maybe even a few financial news articles. For gosojourn, I expect either an official website (ex: tourism office) or a small shop.
I red flag everything that doesn't match my expectations.
Places like that are a great place to get a couple of drinks with friends and soak up the ambience, but 9 times out of 10 the food is overpriced and middle-of-the-road in quality.
Of the examples he gave – ComputerCamp.com, ShippingSupply.com, KobeBeef.com, CameraBag.com, Pacifiers.com, ZoysiaGrass.com, SouthernCookbook.com, Ziplines.com, CannedHam.com, SexyBastard.com – every one of them except ShippingSupply is a parked domain, spam site, or fails to resolve. Since the article is from January 2017, it seems like the average price of $5388 that people paid at auction for the 9 unproductive sites has been wasted for the last 3+ years.
As far as I can tell, his business is buying and selling domain names. (ShippingSupply, although it looks real enough, does not belong to the author; he writes "sell shipping supplies [is] exactly what this buyer did".) I can believe that the author has a profitable business doing what he does (buying & selling domains), but the artilce does not convince me that building a business around nice-sounding but arbitary domain names with no expertise in that business is a good idea. It doesn't seem like he's doing that.
I consider the extra domains he is selling to just be table stakes. You buy the domain, have big ideas, but then realize your time is better spent on another project.
Kegs are also sought after for the homebrewers market too; you can save a ton of money buying used, and they become available as people fall out of the hobby.
My plan was to either set up a market place or buy and resell kegs for a small profit. Even a bulletin board that just shows announcements for used keg sales would be helpful.
There are a few reasons I haven't pursued this. First, specifically for homebrewers, is gaining momentum from other marketplaces like Facebook, Craigslist, and local homebrew shops. For commercial kegs, these sales are usually announced word of mouth, and I am not well connected enough to be in the loop, and also, there is really no friction selling these kegs that a website could reduce. They "fly off the shelves". There are other issues too with the frequency these sales happen.
My point being, in a long winded way, is that buying a domain name and getting business ideas from it still requires business acumen, networking (which the author does mention), and a innate sense of the problem space and what desire there is for a web based solution. Just like every other way of sourcing business ideas.
I’d have thought if you had to be “in the loop” to know if something’s for sale, it means there’s a possible market for that knowledge, which a website can step in to provide.
HN trending reality: How I make a zillion dollars a day with a yet another SEO/web scraping/reselling domains business
In my opinion, most people see a posting and go directly to the comments to see _what I should feel about this_
Option 2: Alright, well I can at least go get a brief overview of the prevailing sentiment through the comments.
There's nothing wrong with letting experts dictate your opinions on subjects you don't have even a minor interest in. Of course, that comes with the caveat that one must judiciously choose which subjects to do this with (thus our current political climate).
So, assuming, as the article suggests that people buy a catchy domain name first and then build a business round it, which isn't one they're already involved in or know anything about, how does that conversation go?:
----
MAN: Hi. I've decided to get into the shipping supplies business. I need to borrow £250,000 to buy some trucks, containers, a crane and lease a premises down by the harbour
BANK MANAGER: I see. Hmmm. A quarter of a million is quite a lot of money. Have you any experience in shipping supplies?
MAN: Well.. not exactly..
BANK MANAGER: And have you any of your own money or any startup equipment, that you can bring to the business?
MAN: Well... not exactly...
BANK MANAGER: I'm sorry. But, under the circumstances, I really don't think the bank can take the risk...
MAN: But I've registered the domain name "shippingsupplies.com"!
BANK MANAGER: Why didn't you say so? [rolls wheelbarrow full of cash out from behind his desk] Used notes OK?
MAN: Thanks very much [exits stage left]
[Bank Manager's secretary pops her head round the door]
SECRETARY: Your two-thirty, Mr. Jones is here.
MR JONES: [walking in and shaking hands] I've just snapped up the domain name "executive-airline.travel" and I wanted to ask you about a loan...
They really and truly thought they'd just show up with a checkbook, and then the restaurant would churn out solid returns, year after year.
On top of that, they often placed their children on the staff. Children who had no interest in working in a restaurant, the children of wealthy parents who knew that their parents couldn't compel them to show up to work.
I actually trust less descriptive domain names. When I see biketours.com, I more often expect blog spam and ads. When I see GoSojourn.com, I expect an actual business providing bike tours. It’s also peculiar to me when I see local contractors with domains like MyCityElectrician.com putting “Denver Electrician” in big text and hiding their brand name. I recommend a branded domain name and relying on good page titles and descriptions for ads and SEO.
Owning CameraBag.com isn’t going to do anything for you until you have a competitive product to sell and getting that lined up is what you should be focusing your talents on.
Sure, it might make you look a little more impressive to the discerning consumer who actually reads the URLs. But such users probably also check what the competition offers anyway.
And with modern browsers with search suggestions and modern Google, owning the .com doesn’t bring you many extra visitors, either.
So if you want a side business, create something people will want to pay for. Don’t fret about the domain name, it hardly matters.
(I've had two posts do about a tenth as well on HN as your onions piece, both on different blogs of mine and that didn't result in follow-up posts on those blogs being similarly successful. So my opinion is somewhat informed by firsthand experience, fwiw.)
I was also born and raised in Georgia, so I just loved your onions piece because I'm from the Deep South. For health reasons, I will never again live in the Deep South, so I like nostalgically visitating via internet from time to time.
I may, at some point, post some of your stuff myself on r/GigWorks, but I'm a one woman show here with too many irons in the fire, so lots of stuff either takes me forever to actually get around to or just never happens even though I would like to get to it. Sometimes, life just keeps getting in my way.
I am something of a fan of onions. They are good lung support, but can be somewhat hard on the gut. Vidalia's have always been my favorite onion because they are so mild, so they are easier on my touchy gut.
It's one of the reasons your article caught my eye.
Best of luck with your endeavors, both online (finding your writing voice) and off (selling onions, or whatever it is you do out in meat space).
I licensed the data to a fantasy football site and it was starting to make money before the league shut down.
The stakes are so low that it's really worth giving it a go.
Just bought "streamerjobs.com" for $13 inspired by your post. Maybe a job board for Twitch/YouTube people to hire video editors.
All you need are two or three words that satisfy the following criteria:
1. The words, when spoken, should be easy to spell.
2. The words, when read, should be easy to pronounce in any English dialect.
3. The words, when concatenated, should not create any ambiguity (a la expertsexchange.com)
A tool that generates these kinds of domains is available for your convenience at https://startupname.website
torquatawhether.com
Possibly the most confusing domain name I’ve ever seen in my life, lol.
So I went to torquatawhether.com to find out. Sadly, no one had registered that domain yet.
Something seems amiss here...
The best one I got was roofpotato.com
Sell rooftop potato garden kits? I guess that's my life now...
dogdo.com
toiletchildren.com
mousetrapking.com
nevercompletely.com
lol
Utter trash
pretty catchy.
Not so sure about the next suggestion of completelyvery.com though :D
The best one I got was automaticgorilla.com. I don't know much about automation or gorillas, but I'm pretty sure that the intersection is an unfilled niche.
No, it isn't like it was 10 years ago where people would type the thing in and add ".com" BUt it's not that far off either. A LOT of traffic will gravitate to the trustworthy sounding .com
Additionally, as a guy in the lead gen business I can tell you that every business out there wants more demand. Finding partners to offer fulfillment takes almost no time at all.
The hardest part, perhaps the ONLY hard part of this whole model is getting traffic in the first place. As for me I don't spend any time at all on dropshipping or service fulfillment but rather on simply selling the leads. Leads are worth a LOT more money than many people realize.
If I were looking to invest $5-$15k cash into marketing a random new side business and still needed an idea, it seems like it'd make more sense to follow the post's advice by watching the expired domains come through, then take the inspiration from, say, 'bakedbeans.com', but buy 'stevesbeans.com' for $7.95 and put the remaining cash into performance marketing.
It's probably worth considering that the domain is an asset you can resell. Plus, an auction should, in theory, limit your potential losses to amount you outbid the previous winner by, since they theoretically would buy it. The math is probably a little more complicated but you get the idea.
Yes this is true. Also, I've met one of the top domainers of all time who got in early and one of the things he told me was that valuations have gone up considerably, in good part, due to the interest by foreign entities who want the .com for its prestige and to be able to tap into the US market, and/or be the sole branded domain for their worldwide presence.
It’s not an either/or.
He's an expert domain reseller. Novices would get burned.
I thought those prices were just absurd fantasy
Yahoo isn't about cowboys, Amazon isn't about rainforests, uber isn't a firm from Germany, Google isn't about mathematics... It really doesn't seem to be correlated with business success.
Any made up name will do. Blorpblip, flipturf, dundrill, yepyip, nodnod, whatever. Those only look weird because it's your first time seeing it. Substance comes before brand
The meaning is assigned by the business praxis, not the other way around.
If they really cared they could come up with something. There's countless clones and proxy sites with closer and shorter names but they don't have large audiences because having a 4 (cuil) versus a 10 letter domain (duckdudckgo) doesn't actually matter - only what you put there.
To me domain parking is akin to real estate investors just buying up land and hoping some large company suddenly wants it and offers you a ton of money.
Cool, are there any other stories about lottery winners I should read before I buy my scratch-offs?
The point is, it's so motivating! I feel like a real participant now! I'm on the Internet y'all!
They also let you serve a static site over IPFS from your domain with a DNSlink record, also for free. :-)
FWIW I think the article is stupid now that I've read it.
"Ignore the bird, follow the river."
And as you're opinion also seems to be: Domain names hardly matter (and won't be around forever).
Heroku is a sucker machine.
I don't know if the approach outlined in this article is a good one or not, but I wouldn't be even slightly surprised to find out that the way the typical person searches for things, selects results, evaluates credibility, and takes action, bears virtually no resemblance to how many of us here on HN approach the same things. So take all the withering criticism of this article and approach with a huge grain of salt. I've made many hundreds of thousands of dollars online with methods that would never work with many HN users.
It sounds ridiculous - a completely artificial stumbling block that would be easily hurdled ... and yet ... the entire basis of the business was a cloud storage platform that was so basic you could understand exactly how it worked just by seeing the domain name.
As an aside, I asked for, and received, explicit permission from the maintainers of the 'rsync' tool before launching and using the domain name ...
If in a hurry, I am basing my decision on search engine rich snippet. If there is a lump sum in the game - I'll check both sites.
> If you didn’t, you can close this browser tab
Thank you for saving my time :)
> Shhhhh shhhh. It’s ok. Sure, some domains were. And the buyers aren’t scumbags. If someone buys real estate dirt and won’t sell to you for pennies 10 years later, do you suck thumb and whine? Nah. Same deal here. While you were binge watching Walker, Texas Ranger in 1995, these folks were spending hours faxing through domain name orders & risking their own cash on a new thing called the Internet. They’re just investors, and smart ones at that.
Every asshole has a way to rationalize his or her behavior. Scalpers, thieves, scammers, et. al. justify their toxic behavior exactly the same way. Being a saavy business person doesn't make you not a piece of shit. I see real estate and come to the exact opposite conclusion of what's written above. It is shitty that you get to bleed money from me just because you showed up 50 years earlier with $30k before I was even born. How the fuck is that business accumen? It's profiting off of your position against people who never had the same opportunity. I would call it predatory.
Totally agree with this, back in print days great typography featuring ample white-space was a signal to the consumer of a high end / luxury brand. Perhaps the unstated logic is we make so much money that we can spend much of it on empty space ina fancy magazine. That is a kind of gravitas in design which implies success which implies authority / social confirmation. A more desirable domain name can be seen in the same light, "ohh they must have spent a lot for that name well can't be some fly-by night operation." Cost limits creating exclusions serve as signals of authority / reliability / success etc. all over the place, think of the country club, it's got a very high membership fee, if you're there you must be wealthy and important, and imagine the networking. That is the logic anyway.
Nowadays, companies seem to love having a real dictionary name. Lemonade: refers to the drink, the renters insurance startup, and a chain restaurant in my town, and google couldn't tell you which one I want at a particular time, because Lemonade is a terrible name for your company. Pretty much any piece of software or company with an English word for a name is immediately forgettable in my mind, and impossible to follow up with due to piss poor SEO on the 2020 internet.
howabout turbobiking2000.com
Then, for a while, it was de rigueur to drop the 'e' out of your name; flickr, tumblr, grindr... etc.
Something24 was also popular
And of course ending with dot com
I'm not in the business, but occasionally browse to see if any "local" domains pique my interest. You'd be surprised how many people "let" their domains expire - if I was a less than ethical hacker, I'd be able to hold many local organizations and businesses hostage (without infringing on trademarks).
Just because someone lets something expire doesn't mean they can't afford the registration during a crisis. They have a redemption period anyway before you can snag it with Pool or SnapNames. An annual domain name registration is not expensive.
They seem to fall into two categories; the "my cat walked over the keyboard" + <dot>com ones, like 342yfgtg.com and the "maybe if I add another word, I'll find a combo that's not been already registered" + <crappy new TLD> ones, like "topgoodholidaybargainsales.info"
It's all very well the author of the article coming up with a "buy great domain name > profit" get rich quick scheme. But it's a bit like those "how to make money online" articles which advise you to "start a blog about something lots of people will want to read". If having a good idea was all that was involved in getting rich quick, most of us would be millionaires.
Personally, I think the most of the new TLDs are complete junk. I did snap up a 4-letter<dot>bid one, when they first came out, purely because there was some stupid offer on where you got something like ten years for a few quid. But I only use it for testing random web stuff on. I don't think I'll ever do anything serious with it.
I am lucky enough however to have a 5-letter-real-word<dot>net one that I registered back in the 1990s which I use for my business site and my IRL name is unusual enough that I was also able to snap up myfirstname<dot>net and mysurname<dot>net a few years back as well. I tend to prefer <dot>net for my domains as I think it rolls off the tongue nicer than <dot>com.
Speculation-wise, I've registered a handful of domains over the years, in the vague hope I'd some day be able to sell them on when their 'subject matter' became popular, but nothing ever came of any of them and I ended up just letting them lapse as I'm too poor to keep renewing domains I don't use, on the off-chance.
I can barely remember what any of them were now. Apart from one which sticks in my mind; "genet-X.com" which I registered back when genetic engineering was just starting to get talked about in the news. I had high hopes that some thrusting new biotech company might spring up with that name and offer me untold riches for the domain. But no-one ever came a-knocking, bearing sacks of cash and I let that domain expire with all the rest and my dreams of riches!
The new TLDs aren't that bad IMO, especially if you want something short and memorable for a quick site. Last year I wanted a non-SSL site to help out with captive portal redirection and I was able to register wifi.help rather than some crazy long name on an ogTLD.
They just set off alarm bells in my head that, at best, I'd be venturing on to some godawful spammy site, loaded down with a dozen hacky-tracky javascripts and, at worst, I'd be opening up my computer to god knows what insecure data processing.
Funny how the <dot>xyz domain [which, to be fair, wasn't one of the worst of the new ones] attained a measure of respectability when adopted by Google, in their Alphabet guise.
It's something I've been working on to scratch my own itch.
The problem is, the sexy keyword I used was an OSS product (my product is a wrapper over it) that was discontinued over the years. My domain+brand still references this product though I have moved over to the "modern" equivalent OSS version.
So now, I think my domain name is a liability, implying out of date/obsolete technology.
I do also own the equivalent domain name for the new OSS software, will use it for a v2. So if it's an industry you care about, keep up to date :)
For example, purchasing a domain to market my audio app which has 100+ inbound links and 500+ unique visitors per day from various blogs for relevant keywords.
If you convert 10% at $9.99, that traffic is worth roughly $15k monthly to you. But it might have been worth significantly less to the previous owner, who only used adwords and didn't sell his own product.
That's the beauty of organic search traffic.
When I did paid ads, in the other hand, the best I remember was 2% click rate, then 20% trial download, then 10% purchase. At those percentages, a $2 cpm will cost me $5 per acquisition for a $9.99 app, so I have little wriggle room before it becomes cash flow negative.
Let me guess… GoDaddy?
To this point: My name is Josh and I'm from Minnesota (abbreviated MN in the states), and I have josh.mn. People seem to think I'm a big deal.
I'm not.
https://www.healthinsurance.com sold for over 8M bucks, is the difference between this name and something like https://insurancemavens.com (for sale @ $395) worth 8 million?
It's stupid.
You have to think of it in the context of how much money some companies spend. DigiCert sells a "Secure Site Wildcard" (non-EV) SSL certificate for $2k / year. If companies are willing to pay $2k / year for something that advertises their stupidity...
Domain squatters are making a killing by selling generic "premium" domains to startups that odds are will not get off the ground. And then the process starts all over again with the domains cycling back through the expiration -> squatter -> auction process.
however, i'm skeptical. i think there is a need for some early initial conditions for startup idea conceptualization that matter other than drawing a name out of a hat. perhaps its just a multiplier and pure execution wizardry can get you through anything by just doing lean startup methods. but i can't get past the idea that the best companies grow out of a seed that originates in deep domain knowledge, but then lets go of assumptions from that point and iterates with users from there. you're not gonna get that seed by just picking up a domain randomly. it feels to me like this is a worthy concept though for taking the idea of lean startups to its logical extent - if nothing else, respect the 'purity' of it conceptually.
If this was true, then search.com would be more important than google.com right?
Has anybody ever experimented with how company names relate to clicks in email campaigns?
Side note though, the stock video at the bottom of your homepage made me irrationally upset at how pointless it was.
That’s how I lost: Porcelain.com Getreviewed.com Helpmebreathe.com And a few others well hundreds of others but the stand out
dishing out the fu while waiting for the fu money:
Which one would you visit? search.com Or google.com
What is it?
(Un)fortunately, what's left are ridiculouslylongnames.com that somehow still sells for a few hundred a pop. The long tail.
I'm not a fan of that. Instead, when .id was open for public, I immediately acquired generic names such as every.id, awesome.id, printed.id, even ultimate.id (notice a pattern?).
I own a few hundred in total—managing them is a headache. I've lost a handful of really good names because I forgot to renew (last-minute renewals due to limited budget and procrastination). Also, sometimes I wonder about the performance of my assets, and whether I'm profitable.
I'm building an app, Axtiva, to help manage domain names. It's not a unicorn idea, but I'm scratching my own itch. If you're in a similar situation, take a lot at https://s.id/axtiva-android-test or just put your email in https://www.producthunt.com/upcoming/axtiva so I can update you when it's launched in iOS (it's a Flutter app).