I need input on What Realtors would pay for great domain names

[MillionDollarDomains]

I am working on starting a company to allow realtors and mortgage officers to rent the domain names that I have personally had alot ($200,000+) of success with. What I am wondering is what price should the domains rentals be set at? There is no better bunch of people to ask then fellow realtors. When I look at pricing I try to look at the potential return on investment, and how many deals a product would have to generate in order to pay for itself. The price I had in mind was $299 a year, is that fair? The way I came up with that price is to look at my average commission of $3000, from there I know that if I can generate one sale from this idea every 10 years then it paid for itself, after that one deal its all money in the bank. This is not a solicitation to get your business, Real Estate Forums just provides a great way to get ideas from Realtors in all market segments. Here are the domains that will be for rent. Your thoughts will be greatly appreciated.
Realtor Domains

IncomeHomes.com
HuntinglandForeclosures.com
FarmlandForeclosures.com
FreeCondoFinder.com
TheForeclosuresman.com
TheForclosureWoman.com
LocateHudForeclosures.com
ForeclosureWomen.com
GreatLakeHomes.com
TheForeclosureFinder.com
FreeForeclosureFinders.com
FreeLandFinder.comMortgage Domains

EZRateFinder.com
MoneyForRentals.com
MoneyForHudForeclosure.com
MoneyForForeclosures.com
MoneyForHudHomes.comThanks In advance,
Eric Medemar

[Rusty]

Not sure I understand why someone would pay $299 a year for these domains when they could get very similar ones off of Go Daddy for $9.

Without any relative content the only value I see is that an agent wouldn't have to deal with the Google Sandbox issue?

[MillionDollarDomains]

:DTo rent 12 domains at GoDaddy.com it would cost you $120 year so in reality all i'm asking is $180 more. I understand your concern about renting a domain rather than buying it. The problem is there are not any great domains left out there, and the ones that are great will cost you a ton of money. I have freecondofinders.com if you go to godaddy.com you will see that they offer condofinders.com for $20,000. I'm not saying that I have the end all be all real estate solution, but if you were a buyer and looking at condos you more than likely you would visit FreeCondoFinder.com before you would visit JohnnysellsAZ.com (this is what most realtors use). Great domains help convey a powerful point to the public about your market niche. I don't think that there is a realtor out there that couldnt sell an extra home a year by adding these domains to there website.

The real value in the domains outside of attracting buyers is what they could do for your listing presentation. Imagine your up against a realtor on a condo listing who has JimHaysHomes.com as his website then you meet with the homeowner and they ask about your web prescense and you let them no that you attract hundreds of buyers with your website FreeCondoFinder.com. What is going to sound better to the homeowner JimHaysHomes.com or FreeCondoFinder.com. In order to justify the $299 price tag you would only need 1 sale extra every 10 years or if your in a market that generates $12,000 commissions you need 1 sale every 40 years to pay for itself!! I have used this technique against the top dogs in my market and Blew them out of the water.

Here is an example between these domains and your typical domains, I was using my ericsellshouses.com for over a year with a little bit of response, I decided I wanted to sell a condo so I bought FreeCondoFinder.com and used my same site, within 6 weeks I closed my first condo. I did the same thing with IncomeHomes.com, My first year using it I had sold 21 Multifamilies using the exact same website that was generating minimal results before. Then I wanted to sell a lake home so I bought GreatLakeHomes.com within 4 months I had sold my first lake front property.

Using just IncomeHomes.com and TheForeclosureFinder.com I had generated over 1200 new leads in a year. With EricSellsHouses.com I only generated on average of 12 leads a month. One buyer from IncomeHomes.com has paid me over $70,000 in commissions. I hope what I say makes some sense to you, I think a product such as this could be worth $10,000-$100,000 to any agents business. So would $299 would that really be to much to ask?

Thank you for your input,
Eric Medemar

[Rusty]

All of them for $299 makes more sense than the one for $299 - as I understood it from your first post.

But your last post brings up another question. If those domains have performed so well for you, why would you give them up? Are you getting out of the biz?

[MillionDollarDomains]

No i'm still in the business, I just will retain the zipcodes all around my area. One of the reason that I have decided to rent them is I have been getting leads from California, to New York and everywhere in between and have never done anything with them. So I though why not let other realtors use them and create an win-win for everybody.

Thanks,
Eric Medemar

[beglobal]

Not sure I understand why someone would pay $299 a year for these domains when they could get very similar ones off of Go Daddy for $9.

Without any relative content the only value I see is that an agent wouldn't have to deal with the Google Sandbox issue?

are u sure about that????

[Jeff Dodson]

The only reason I would ever pay more than the godaddy rate for a domain is one of 2 reasons:

1. They are established domains and already have back links from high quality web sites and get traffic. How much I would pay depends on what I get out of owning the domain.

or

2. They would get type in traffic, in other words people are likely to type the domain in their browser to get what they are looking for.

Otherwise, if you purchase a similar domain, perhaps one with your key phrase you want to optimize for in it, then write a quality web site written well, containing the themes you want to rank for, then you will get the organic traffic you want.

[Miami Homes]

No offense, and I give you props for trying to find ways to meet you business goals, but I kind of agree with Rusty that why would one pay 299 to Rent when they can own one for 8.99 from godaddy? I would understand if you were offering domains like real estate dot come but im sure if you are creative enough you can come up with a decent idea for a domain to purchase. Just my 2 cents

[HHI Golf Guy]

99.9% of real estate agents have very little understanding of domain names, web hosting, web design, SEO, and web marketing. And since they are independant contractors (all costs are on their dime) very few will spend any extra dollars when they can buy a domain name for a few bucks.

And renting a domain name? Not a chance unless you find someone really, really, naive.

I counsel our own clients - and people that read the forums that I participate in - to make sure that no matter who they pick as their designer / web host / etc. that the agent is the one that registers the domain name, and that they should register it for a minimum of 5 years.

If you read through this forum and a few other real estate forums you will read horror stories from agents that used third parties for registration and found their domains held hostage or let to expire.

MIllionDollarHomes might be the most upstanding individual that you could ever meet in your life. But I would not trust my web branding to him or anyone else. What if you rent a domain from a third party and they get hit by a bus tomorrow? What if your rental agreement expires with them and suddenly the rental price is 5x the original price?

How much additional will it then cost you to buy a new domain, market that domain, and re-print all of your collateral material?

Does the rental contract state legal ownership of the site materials? For example, if ownership of the web pages and databases on the rented domain are not clearly stipulated, the domain name owner may end up having a legal claim to the material hosted on that domain (ownership/copyright transfer to the host). It's a legal stretch, but an argument could be made for it.

Please understand MillionDollarHomes that I am not trying to pick on you. This just happens to be a subject that has frustrated many real estate agents over the years, and I want the agents to understand the pitfalls as well as the benefits that you suggested.

[MillionDollarDomains]

SEO, blah, blah, searching, migilicutty spiders, wow.

I have NO understanding of SEO
I have NO understanding of Sandboxing
I have NO understanding of Domains
I have NO understanding of anything to with anything internet.

I do know one thing and that is for the past 4 years I have made well over $100,000 in under 15 hours a week using the internet

I do know that if you look in my inbox I have over 1200 leads.

I do know that just one lead generated from my website made me over $70,000 in commissions

I do know that at each and every listing appointment I have been to where tonyasellshomes.com trys to compete with me, tonysells gets sent away with his SEO between his legs

I think that unless you want to spend a ton of money and time to get front page results on a search engine then all the SEO in the world will do you no good. In fact most website are not designed to produce results on their own. Websites are the perfect tool when used with good advertising though. The synergy that the two create together is like 1+1=100. A good driver ad with a powerful domain name, lead people to your website. Once at your website you offer up an irresistable offer targeted at a specific group of people to get them out of the woodwork and to leave a thumbprint for you to follow up on. If you just follow that rule you can run circle around SEO, sandboxing, and all the internet "getting ready to get ready gurus"

I do not need anybodys money, I will make over $200,000 this year, and I still will not even work a full work week. Still without any SEO, still without any knowledge of the internet, still never even putting on a suit or tie.
I make good money and I dont even try. Why? because I know what works.

Renting domains

I do not want your entire marketing package based on my domains.

These domains are simply used as a tool to increase ad effectiveness.
These domains are simply used to ad to a great website that you already have.
These domains do not have any effect what so ever on what sight you have
These domains are not designed to replace SEO
These domains are going to give agents a huge advantage at listing appts. (Do you want to list with KatieMuller.com or FreeCondoFinder.com
I have a contract that gives everyone first right of refusal each and every year with the maximum increase set at 5%
These domains are only to be used as a marketing tool, thats what I have used them for and I make more money than 98% of all realtors. So I do know a bit of what I'm talking about.Maybe I shouldnt have asked what would you be willing to pay, probably not a good idea in a world full of skeptics who "KNOW"

Maybe a better question to ask would have been, How much more money could these domains make you over what you are currently using. The answer would be very clear then, If adding just one of these domains to your advertising, or using one more of these domains as a tool in a listing appt could not ad at least $15,000 a year to your bottom line, then maybe you should think about a career change.

Sometimes when your cup is full of "Know" then there is no more room to add more knowledge.

But hey what do I know. I guess all I really know is how to make more money that 99% of realtors, in 20% of the time.

So definately whatever you do, go to someone else for info because they "know" SEO,spiders,sandboxing,blogging, they are the leaders of tommorows internet. and they are annoyed by realtor who arent in the "Know" In the meantime, I will just keep making money, and using my domain names that "anyone could buy at godaddy."

I must say im not trying to pick on anyone, its just people who know everything annoy me!

Maybe your "clients" run circles around my income, in half the time, but I do know that most agents out there need every tool they can get to make money, I know I did.

Eric Medemar
TheMillionairesBlog.com
DomainRentalsDirect.com

[Todd_K]

If I were making 200k a year I wouldn't waste my time trying to make $299 off a domain name. Regardless if the idea works or not it wouldn't be worth my time. Plus the thing is you only have 17 domain names and nothing too catchy, even if you sold all 17 for $299 that would only make you another 5k a year, just pennies as to what you claim you are making and you look as though you are spending a fair amount of time trying to convince everyone that it works.

If you want to sell something don't try to sell to realtors, not an easy group, probably second hardest to doctors

[MillionDollarDomains]

There are 50 states in the U.S last time I checked, Say I rented to 8 different realtors in each state, that would be 400 realtors at 300 a piece, which would be $120,000 once the site was going. More important than the money would be knowing that just one more realtor was making more money than what they were before.

Realtors are a tough bunch to sell to, maybe thats why the median realtor income is just above poverty level. I was just looking for input and I guess I got it.

I have learned that you can lead a horse to water but you cant make em drink. Realtors have been hit with every scam out there I do realize that. I still get attacked endlessly with the next great thing. I think the reason we get attacked so much is the fact that 80% of realtors are looking for the next great thing that will make them money without ever having to prospect.

The interesting thing I have learned about real estate is that every person has "thought about being a realtor" so when they loose their regular job, then they become a realtor. Probably not the best start that one could hope for.

If you were wondering why doctors are so hard to sell to, its the fact that they are driven by pure evidence. So trying to sell a doctor anything without a proven track record and having the data to back it up, is next to impossible. My wife was a Pharm rep, she learned a thing or two about selling to doctors

Perhaps I should give them away free, I would be more than willing to. Then I could just do a referrall fee for every new customer that my ideas generate. Maybe a 10% referall fee, that would do. Does this sound decent. Then nobody could get ripped off.

Free brings down all of the sales resistance, and then I would only get paid if you did. I like that. Then I could go from $120k a year to the high 3's.

I could easily do that I already have the technology in place. So my fixed expenses are taken care of. Would free work?

Sounds great
Eric Medemar
TheMillionairesBlog.com

P.S. I was totally lieing about what I make.
sometimes I just lie to get attention.
I actually only make like $10,000 a year.

[Todd_K]

But do you have 400 different and good domain names? You site only shows that you have 17.

I am not a realtor but I do video tours for realtors (not virtual, I make movies) I am having the same problem, both of our products help realtors greatly and are really nominal compared to the commission that is made.

I have many testimonials from home sellers saying that they chose a particular real estate company solely because they use my tours, and I still have problems selling the tours.

I know realtors work for themselves but you have to spend money to make money and you get what you pay for.

If you have everything set up ready to go don't give up yet, you have a useful product and it will take time to catch on, especially with older realtors who aren't part of the internet generations

[Rusty]

This whole thread is very entertaining now!!!

Thanks. I needed that today. :D

[Quiet Veteran]

I've been in this business for over 20 years and one thing that I know for sure is that when another agent tries to create credibility by calling my attention to how much money they make, I take everything, and I mean everything, that they say with a grain of salt.

That having been said, I would agree that the quality of these "for rent" domains is so low that going to GoDaddy makes good sense.................if you want a low quality domain.

The key to a high quality domain for our business is in the potential for direct navigation or type-in traffic. No one has the time to work on search engine optimization which is a constantly moving target. As such, I wouldn't want to spend 100s or 1000s of dollars a month paying a 3rd party to try to hit it for me. Looking at the 17 names Eric refers to, I would suggest that their type in traffic is nil.

But would I prefer a domain such as MLSMiami or FloridaProperties to SusieSellsMiami? In a heart beat!

There are numerous stories in the various online forums of people who bought good domain names and made many multiples of their purchase price back in a year or less. Once they bought the quality name, they just redirected their old domain to it; when someone types in "susiesellsmiami.com", they are automatically redirected to "mlsmiami.com". Nothing is lost from previous marketing efforts with the name and many new visitors are gained.

The only company that I am aware of that sells quality names is Quarus Domains. The url is quar.us; price range is from a few hundred dollars and up.

Stayin' Quiet

[HHI Golf Guy]

I've been in this business for over 20 years and one thing that I know for sure is that when another agent tries to create credibility by calling my attention to how much money they make, I take everything, and I mean everything, that they say with a grain of salt.

That having been said, I would agree that the quality of these "for rent" domains is so low that going to GoDaddy makes good sense.................if you want a low quality domain.

GoDaddy is a domain registrar (like Network Solutions), not a clearinghouse where you buy up a domain name from someone who is already holding that name. You pick your domain name and you can buy it only if someone else does not already own that name. ICANN (http://www.icann.org) is the organization responsible for managing and coordinating the Domain Name System.

A Registrar (like GoDaddy) is the record keeper of the information on that domain name. That includes both contact information and where (the DNS settings) the domain name is hosted. Registrars charge different amounts for these services. All Registrars must be certified through ICANN.

Many Registrars - like GoDaddy - also provide web hosting services.

After reading your post again, you may have confused the initial poster as being "GoDaddy". He's not. He's just a guy trying to peddle an idea and some domains.

[Quiet Veteran]

Technically, you're correct about GoDaddy. But, they operate TDNAM, the Domain Aftermarket, which IS a clearinghouse for the purchase of domains from others. For $4.95 a year, you can be a member and buy/sell to your heart's content.

I only referenced GoDaddy because it appeared earlier in the thread.

Stayin' Quiet

[HHI Golf Guy]

Technically, you're correct about GoDaddy. But, they operate TDNAM, the Domain Aftermarket, which IS a clearinghouse for the purchase of domains from others. For $4.95 a year, you can be a member and buy/sell to your heart's content.

I only referenced GoDaddy because it appeared earlier in the thread.

Stayin' Quiet

Gotcha. I just didn't want people to think GoDaddy was some sort of fly-by-night rip-you-off company. I was previously registering my own domains and directing clients to register their own with Network Solutions, but last year switched to GoDaddy.

Their prices are cheaper, and they are very quick at updating any changes to your account.

[kelouba]

I dont like the idea of renting a Domain, as you do not have full control over your business. :)

[Quiet Veteran]

Kelouba

A lease can give you all the control you need which, in the short term, is litle more than the ability to upload your site and receive e-mails.

If it's a lease-to-own, you can always convert to ownership quickly once you see the benefits.

QV

[AlbertJusto.com]

One thing I noticed about what Million... said was "The problem is there are not any great domains left out there, " Thats a limiting belief. I cant agree with that.

[Jeff Dodson]

The notion that there are no good domains left is far from my experience. Besides, you are not going to get much type in traffic except from certain very obvious domains, like realestate.com or something like that. Your Internet traffic is going to come from organic results or paid advertising from either print or various Internet means, like PPC or banner ads on targeted web sites, etc.

I would help to have keyword rich domains, and those that are catchy perhaps, but there are certainly some of those still left.

[smy]

SEO, blah, blah, searching, migilicutty spiders, wow.

I have NO understanding of SEO
I have NO understanding of Sandboxing
I have NO understanding of Domains
I have NO understanding of anything to with anything internet.

I do know one thing and that is for the past 4 years I have made well over $100,000 in under 15 hours a week using the internet

I do know that if you look in my inbox I have over 1200 leads.

I do know that just one lead generated from my website made me over $70,000 in commissions

I do know that at each and every listing appointment I have been to where tonyasellshomes.com trys to compete with me, tonysells gets sent away with his SEO between his legs

I think that unless you want to spend a ton of money and time to get front page results on a search engine then all the SEO in the world will do you no good. In fact most website are not designed to produce results on their own. Websites are the perfect tool when used with good advertising though. The synergy that the two create together is like 1+1=100. A good driver ad with a powerful domain name, lead people to your website. Once at your website you offer up an irresistable offer targeted at a specific group of people to get them out of the woodwork and to leave a thumbprint for you to follow up on. If you just follow that rule you can run circle around SEO, sandboxing, and all the internet "getting ready to get ready gurus"

I do not need anybodys money, I will make over $200,000 this year, and I still will not even work a full work week. Still without any SEO, still without any knowledge of the internet, still never even putting on a suit or tie.
I make good money and I dont even try. Why? because I know what works.

Renting domains

I do not want your entire marketing package based on my domains.

These domains are simply used as a tool to increase ad effectiveness.
These domains are simply used to ad to a great website that you already have.
These domains do not have any effect what so ever on what sight you have
These domains are not designed to replace SEO
These domains are going to give agents a huge advantage at listing appts. (Do you want to list with KatieMuller.com or FreeCondoFinder.com
I have a contract that gives everyone first right of refusal each and every year with the maximum increase set at 5%
These domains are only to be used as a marketing tool, thats what I have used them for and I make more money than 98% of all realtors. So I do know a bit of what I'm talking about.Maybe I shouldnt have asked what would you be willing to pay, probably not a good idea in a world full of skeptics who "KNOW"

Maybe a better question to ask would have been, How much more money could these domains make you over what you are currently using. The answer would be very clear then, If adding just one of these domains to your advertising, or using one more of these domains as a tool in a listing appt could not ad at least $15,000 a year to your bottom line, then maybe you should think about a career change.

Sometimes when your cup is full of "Know" then there is no more room to add more knowledge.

But hey what do I know. I guess all I really know is how to make more money that 99% of realtors, in 20% of the time.

So definately whatever you do, go to someone else for info because they "know" SEO,spiders,sandboxing,blogging, they are the leaders of tommorows internet. and they are annoyed by realtor who arent in the "Know" In the meantime, I will just keep making money, and using my domain names that "anyone could buy at godaddy."

I must say im not trying to pick on anyone, its just people who know everything annoy me!

Maybe your "clients" run circles around my income, in half the time, but I do know that most agents out there need every tool they can get to make money, I know I did.

Eric Medemar
TheMillionairesBlog.com
DomainRentalsDirect.com


Hey, everybody, look how much money I make! Look at me! Look at me!

Renting domains is a joke unless you have a first-page ranking with relative keywords to your marketplace.

If you're going to spend the money, and know nothing about web design, etc, spend it on a reputable company that specializes in Real Estate website IDX and marketing.

Anyone foolish enough to rent these domains from you won't be doing to well in the near-future. You know what they say about a fool and his money.....

[HUMMERHUMMER]

I agree with SMY.
Unheard of domain names are worthless.
Get a real job.

[spanishproperty]

No chance, why would you want to rent a domain name when you can go and buy one for two years for 15 euros.

Plus I would want 100% control over my domains, I have dealt with Real Estate companies that have paid a webdesign company to design and build a website for their company, then the design company buys the domain and registers it in their name. When the company wants to go their separate ways or use another company, the webdesign company has you in their pocket !

It is too much hassle and for that price I would puchase a second hand domain, or simply a new one.

[Cash Home Buyers _ com]

Eric,

One way to know you are on to something is when everyone tells you it can't be done.

Frankly most of the people that replied to this thread owe you an apology, as they never sought to understand what it was you are trying to do. Instead they went off on tangents which were surprisingly off-base and disappointing for people that claim to be in the real estate industry. Particularly since the domain business is very similar to real estate and many of the concepts apply, the problem is that you are ahead of your time and everyone is still thinking of domains as "names" and not the internet real estate that they are.

Over the last several years I have been in the buy it, fix it, sell or rent it business and have done well. But over the past year I have become interested in domain names as I realized that there is a tremendous opportunity there that most people don't realize, which is awesome, because it is an extremely suppressed market right now, but is starting to take off. I currently own about 4000 names and also lease them out, however, the concept is new for people and it will take time for the public to become comfortable with the concept, as you can tell from the narrow-minded responses here. Anyway I will give you my opinion on what you should do at the end of the thread, but would like to respond to some of the off base comments first.

The only reason I would ever pay more than the godaddy rate for a domain is one of 2 reasons:
1. They are established domains and already have back links from high quality web sites and get traffic. How much I would pay depends on what I get out of owning the domain.
or
2. They would get type in traffic, in other words people are likely to type the domain in their browser to get what they are looking for.
Otherwise, if you purchase a similar domain, perhaps one with your key phrase you want to optimize for in it, then write a quality web site written well, containing the themes you want to rank for, then you will get the organic traffic you want.



I understand you are only stating your opinion on what YOU would do but I am using your quote to respond the idea of value in a domain name. Here are some of the factors that go into the value of a name. ( in no particular order as everyone will value according to their needs)



1. Type in traffic- can display ads or sell products/services
2. Traffic in general, in other words an expired name that still receives traffic, then you would monetize this traffic in some way.
3. Domain has page rank- a domain has enough links to have a google page rank and therefore that creates value, link brokers love these names.
4. Brandability- the domain name has intrinsic value in the combination of words such as cashhomebuyers.com, supercarpetcleaner.com, qualityplumber.com, premierhomelending.com
5. Keyword Rich- the domain name has valuable keywords and therefore the domain will have an inherent advantage in competing for those words.
6. Low number of characters- 2 or 3 character .com names are very valuable
7. Age of the name- the older the name, the more valuable, the bench mark is to be at least one year as that might get you past the google "sandbox," but the best ones are those older than 2002 or there abouts, depending, the theory being is that sometime in 2002 is when google started to calculate the age factor in domain names, so therefore the names prior to are given much more weight.
8. Stickiness of the name- similar to chrome://informenter/skin/marker.pngbrandability, but the difference being that this would be a name to advertise to drive traffic to, as opposed to building a brand on. examples would be- greenisgood.com, ilikemilk.com, or just about any slogan prior to trademarking. The purpose of these name is to become sticky in the mind for an advertising campaign etc.
9. The Tld- for example if it is .com .net .org .us etc- .com is 10x more valuable than all of the other ones, so it is best to stick with .coms, also from a marketing point of view, no one remembers .net and just types in .com, which is why I don't buy the others as I want other people to advertise my .com for free.





And renting a domain name? Not a chance unless you find someone really, really, naive.


It's funny that the few names that I have leased out where to experienced marketeers, that understood the value. And of course there's me, captain naive, that paid $2500 for leasing rights, and still pay $200 a month for it and I only get the Charlotte market, never mind it is has been and still is dollar for dollar the best marketing I have done, and I only bought 30 houses last year, what do I know.




If you read through this forum and a few other real estate forums you will read horror stories from agents that used third parties for registration and found their domains held hostage or let to expire.


True, but that has nothing to do with people leasing names, it has to do with the agents lack of knowledge in what they were doing and how the domain registration process works.

What if you rent a domain from a third party and they get hit by a bus tomorrow? What if your rental agreement expires with them and suddenly the rental price is 5x the original price?

I don't like the idea of renting a Domain, as you do not have full control over your business.


Obviously every business venture has it's risks associated with them, so that is why you go into every transaction with your eyes open and protect yourself. But people lease real estate all the time and so what is the difference? Is Wendy's dumb for leasing land for 30 years they will never own and will forfeit their building at the end. Are the Grocery stores and strip mall centers out of control when they sign 1-10 year leases with no promise of what the escalation will be at the end of their term or options. The same concepts apply in the domain business as well. My lease is 20 one year renewals for no more than 5% increase, wouldn't a prime spot of Internet real estate be worth the cost? How about SellMiamiCondos.com? Also it is important to note that the you can not register domain names for longer than 10 years, as ICANN itself is not sure of their future and doesn't want to make a commitment longer than that.


One thing I noticed about what Million... said was "The problem is there are not any great domains left out there, " Thats a limiting belief. I cant agree with that.


This isn't a Tony Robbins concept of limiting your belief on your possibilities,
this is a simple law of supply and demand, and the supply is limited and becoming more so every day. 2, 3, and 4 characters are sold out in .com along with every dictionary word, and they are currently working on 2 word combos.


Hey, everybody, look how much money I make! Look at me! Look at me!
Renting domains is a joke unless you have a first-page ranking with relative keywords to your marketplace.
If you're going to spend the money, and know nothing about web design, etc, spend it on a reputable company that specializes in Real Estate website IDX and marketing.
Anyone foolish enough to rent these domains from you won't be doing to well in the near-future. You know what they say about a fool and his money.....


Silly to attack someone asking for your opinion, it is you that is foolish to think you know everything. I assume it is envy that drives your mockery. He was merely trying to establish credibility in fending off small-mindedness. He was also giving a testimonial to the results of his domain names and the success he has had with them. While it will always rub some people the wrong way to advertise "success" or a monetary figure, it is never proper to be a jerk. I for one like to hear what others make, particularly when it comes to business, because it is my number #1 filter on the validity of advice (business advice), and I find that most successful people do the same.


I agree with SMY.
Unheard of domain names are worthless.
Get a real job.


See above and if you don't have anything to contribute then move to the next thread.


Anyway Eric, my advice to you is to whittle down your names to a group of say 5, or the ones you have had the most success with. Then I would develop a marketing plan around those names for others to use. I would also take the "personality" of your websites out and make it with more of national appeal, then i would market it to Realtors on a market by market basis and then you are selling a system using your domain names and you will be able to charge more and I would recommend that you charge a modest sign up fee with a monthly based on population. I would also automate the process so that the leads flow directly to your customer. This is similar to what I am doing with cashhomebuyers.com, minus the marketing packages, which will follow someday, but I am selling more of the name and seo, and of course you could do the same, but i feel your market will love to have their marketing laid out for them.

Anyway to those that use goddady.com, I would recommend that you use bluerazor.com as it is godaddy's sister company that doesn't advertise and therefore has lower prices, while at the same time has the same interfaces, support etc.

Sorry if I offended anyone, but not too sorry.

Here's to improving our communication with each other.

Scott

[Nu-Home-Source-Realty]

I would pay 9 Dollars, I own several and have never paid more than that.

[rschilling]

Greetings folks - my first post.

I've developed a few websites and done business consulting for some real estate agents. The thing I've found with renting domain names is that in the end the agent has to maintain a website with sales information that can be found on websites like realestate.yahoo.com, newplat.com, nwrealestate.com.

So, it's a matter of justifying the cost and effort.

Can you make money renting out the domains? Perhaps. I just don't have the data to verify that it is being done successfully. Most agents I've met, though, have a tough time understanding how to use a website to generate sales and are not likely to take an interest in learning.


Cheers,

Richard

[ericmedem]

It has been so long coming back to this forum that I forgot I even posted that. I guess it was definately a hot topic. It is funny to me how someone could ask for an opinion, and end up getting such harsh criticism from people that arent even fully informed of an idea.

If someone wants to have the biggest building in town there are two ways to get it. Either Build the biggest building, or tear all the others down. So much like people who respond critically, they would prefer the one story building with all others destroyed, rather than building there own towering structure.