Home Advice Page 188

Advice

A Logo is Important

I’ve seen quite a few logo-less mini sites (including one of my own), and as a person with a marketing background, I believe a logo is essential for a website. While search engines should bring a well designed website a large percentage of its traffic, it’s important to remember that a logo will help visitors remember your website’s name, making it easier for them to find it again in the future. Just about all of my websites have nice logos (at least in my opinion), and there are a variety of options out there for finding a good logo.
If you look around at brands from around the world – both large and small – almost every one of them has a logo to stand out from their competition. Some might be plain logos, while others are more elaborate, but the purpose is for customer recollection, brand positioning, and general marketing of the company. The same should go for your websites, as a logo makes the site – even a mini-site, look like its an official company rather than just a traffic-driving website built to generate revenues from PPC advertising. I received several compliments from people in the birding industry when I introduced TropicalBirds.com, and this allowed me to establish link trades of relevant websites. Without a logo, I doubt this site would have been taken seriously.
I have a web designer that created my geodomain logos, incorporating a variety of elements from each city. My other logos were designed by a company called LogoJeez, which has pretty quick turn-arounds. I always get the least expensive package knowing that they will re-do a logo if I am not satisfied with the initial 4 concepts. I’ve also used 99designs.com for a logo design contest, which I used for my blog’s header and my company’s corporate look/feel. There are plenty of options out there for logos that range in price from $100+.
As my track coach used to tell me, if you are going to do something, don’t do it half-assed. If you are going to build a website on a nice domain name with good content and SEO, you might as well pay a bit more and make it look even more professional.

Developing Great Domains vs. Average Domains

Developing a website takes the same amount of time whether you are building it on a good domain name (CoffeeHouses.com) or an average domain name (FreeCoffeeHouseDirectory.com). Likewise, the cost of developing a website is pretty much the same whether it is a good domain name or a poor domain name. For these reasons, I would prefer to only develop very good domain names rather than putzing around developing new registrations (like I did with DebtAssistanceClinic.com).
When you are building a website, there is absolutely no guarantee that your website will be profitable and make money. No matter how good the site looks and how high it ranks, you can’t guarantee it will earn your time and financial investment back. The more effort you put into link building, content writing, search engine optimization…etc, the greater financial reward you will reap. Doing all of these things takes a considerable amount of time, and as you know, time is money.
While it’s great if you built a website that makes $2/day with Adsense on a low quality domain name, it will be difficult to get someone to buy it for more than 2-4x annual revenue because there is considerable risk in this type of investment. Basically, after many hours of work (let’s say 5 full days) you have a website that may make $700/year. Personally, I think it’s hard to justify spending a ton of time build a great, money making website on a poor domain name.
I’ve noticed a number of developers “bashing” domain investors for parking their domain names rather than developing them. Many of these developers, designers and SEO experts talk about how they could make one of these parked domain names into a huge money making website, and the owner is stupid for parking. While I may agree that parking can be a poor solution in some cases (could cause Google de-listing for one), it is far easier to make money on a parked domain name than to try and build dozens of websites on a domain investor’s prime domain names (all without a guarantee of any incremental revenue).
To the people who think they can do far better developing a name than those who park, I challenge you to go out and make a strategic decision to find a good name and develop it. With your expert plan, why not go out and find an investor who would be willing to front you the money to implement your plan. There are also some fantastic financing options like Domain Capital that can help you pay for your name. With all respects, if you have a plan to develop a high value domain name into a money-printing website, but you don’t have the stones to put up your own money or finance it, maybe the domain parkers aren’t the stupid ones after all?
This is a bit tongue in cheek, as a few of my developer and SEO friends have recently jumped in and bought some great domain names to develop.
While you don’t need a great domain name for a great website, you will certainly make it much, much easier to make money with advertisers and achieve higher search engine rankings (again, if you owned a coffee house, would you rather be listed on CoffeeHouses.com or FreeCoffeeHouseDirectory.com?). Additionally, if you do wish to sell the domain and website, an investor will pay much more for the website with premium domain name.
Since one can only spend a certain amount of hours per day developing a website, its better to spend that time working on a website for a great domain name rather than just an average domain name.

Mini Site Template Development Strategy

One fairly simple development strategy that I am beginning to use involves building a website template and using that for all minisites. Instead of building a brand new web template for every site, save some time and money and use a very similar template. It doesn’t have to be fancy or flashy, but as long as there is room for content that can be viewed on a variety of browsers and screen sizes, room for Google Adsense banners, and room for other advertising banners from direct-to-advertiser sales (or affiliate relationships), you should be okay.
Personally, I wouldn’t recommend this for sites with a considerable amount of content or for high value domain names, as you probably want those to be more customized, but for your mini-sites that will have 5-10 pages each, I think one template should be sufficient. For those debating whether to use HTML, WordPress, or another type of tool, I am not the best person to make a recommendation. I think WordPress is easy, and I use Dreamweaver for HTML, which I learned on my own. Both are fairly straightforward and self explanatory – especially with a bit of background in HTML coding.
When it comes to the technical aspect of web development, my skill level started off at somewhere near a 1 on a scale of 10.   I am now probably around a 2.5, but I am still able to add pages to my WordPress and HTML sites easily. I’ve been told that I should use php to create my header, navigation and footer – which I probably should, but I’ve been too busy to learn. In the long run, I probably would save a ton of time by committing to a few hours now, but it’s hard to do that with so many things going on at the moment.
From experience, I can tell you that building a mini-site using strong SEO techniques will help increase traffic to a domain name/website. The more traffic that visits the site, usually the more revenue the site earns. I think if you put some time into development – but keep the time/financial commitment in line with your expectations for the site, you probably can’t go wrong. As I’ve always said, feel free to drop me a note with questions, and if I can’t answer them, I will try to put you in touch with someone who is more knowledgeable.

Adapting to the Changing Internet Landscape

Back from a short trip to the beach. I’ve been reading quite a bit on the new vanity TLDs, and the best conclusion I can come to is that nobody really knows for certain how things will play out. Neither the people who are vociferously stating that .com will always be king (myself included), nor those who are saying that new extensions will cause major sweeping changes to the Internet, really know for sure whether their opinions will be accurate.
What is for sure is that some people will take a big financial risk with these new extensions and some people will remain on the sidelines. In five years, there will be some obvious winners and there will be some obvious losers, but the answers will not be seen over night. I am eagerly observing from the sidelines for now, observing what my friends are doing, getting ready to make changes to my business model if they are necessary. Change is essential to growth, and being able to adapt to industry changes is fundamental.
The domain industry has changed quite a bit, even in the five years that I’ve been involved in the industry. The one constant thing is that the people who are able to adapt to the changes and work within the new parameters are those who are successful. While my thinking about .com may be inaccurate, I (and others) will still manage to do well if we are able to notice changes quickly, and are able to adapt to these changes rapidly. Just because I didn’t buy my first domain names in 1995 doesn’t mean that I wasn’t able to be successful. I found the industry later than many, but I learned as much as I could, took some risks and the rest is history.
It is great to see all the dialog about the new extensions on domain forums, blogs, and other news outlets. We are at a time of major change in the domain industry and in the history of the Internet. If you are reading this blog and other domain resources, it is likely that you realize how important this time is for all of us. Pay attention to the things going on in the industry, watch the industry veterans and media companies to learn about their plans, and invest wisely. You don’t have to be a trendsetter to make money, but you have to be able to adapt to the changes to avoid becoming obsolete.

Development Quick Tip – Revenue from Ad Sales

On the mini sites I’ve either created, am currently creating, or plan to create, Adsense is the most visible revenue generating tactic. People find my “mini” websites through various means (mostly search engines), and they click on the Google advertisements to find more information, generating revenue for me. While this is great, it will certainly take quite some time to make a decent amount of money this way.
As most developers would agree, the real revenue generation from a developed website comes from direct to advertiser ad sales. Selling advertising space takes a bit more time than just putting up your Adsense code, but that’s where the money is. When building a website, you might consider tailoring parts of it to meet the needs of potential advertisers and give more opportunity for advertising.
A quick example would be with TropicalBirds.com. I created a page to advertise bird breeders from around the country. Since the site was just launched and traffic is minimal, I decided to offer free listings by state in exchange for a reciprocal link to TropicalBirds.com on their sites. This should help boost the ranking of my site and also provide a service to visitors looking for bird breeders. I sent the following email that was individually to bird breeders I found online:

“I recently launched TropicalBirds.com, a website with information about many species of tropical birds, including parrots, macaws, conures, cuckoos, cockatiels, and many other types of birds – both domesticated and wild. In addition to discussing the proper care of pet birds featured on the site, I am also going to build a small directory of breeders. I would like to include you on the site in exchange for a link to TropicalBirds.com on your site.
If you would like a free listing and will link back to TropicalBirds.com, please send me the following information:
1) Business Name
2) Business Location (city, state)
3) Website Address
4) Types of Tropical Birds Bred
5) One sentence about your company
6) Location of link to TropicalBirds.com on your site

If you are interested, please send me the requested information as soon as you have a chance. We are still building TropicalBirds.com, and not all of our links are working yet. We anticipate a full launch by the end of this month. This is the main directory page: http://www.tropicalbirds.com/tropical-bird-breeders.html”

In addition to receiving several positive responses, I also received a request for a featured listing, which the breeder will pay $xx annually for each category. She breeds several types of birds, and she would like a breeder list by breed in addition to a list by state. I didn’t even have to solicit upgrades, yet I can make $xxx/year from this one person if I create a breed by breed listing. The cost of building this is very minimal, as it will probably take just an hour of my time to do. Once done, I can also seek out other advertisers who may wish for the same type of listing, potentially netting me $x,xxx/year, making break-even less than a few years away including acquisition and development expenses.
Point of this is to let you know that you shouldn’t have to be reliant on Adsense or affiliate advertising to make money. There are plenty of old-school businesses out there who would just as soon have a relationship with a small business than one with a big search company. If you give someone a reason to pay to upgrade, chances are good that someone will take it.

Public Service Announcement

Most people I’ve met through my blog balance their domain investments with a full time job. I was in the same position when I worked at AIG for two and a half years. I would work from 9-6, come home for dinner, and get to work on the computer managing my domain business. While this may be the way to be most productive with essentially two jobs, it isn’t the best thing for your health.
A little over a year and a half ago, I was told my cholesterol was pretty high and I needed to lower it or else I would probably have to take statins in a few years. Not wanting to do that, I began to run a bit with the encouragement of my fiancee (who is a runner). I wasn’t really overweight, but losing a few pounds wasn’t going to hurt. A few weeks after this, my father had a heart attack (from which he has now thankfully recovered almost fully). This really got my ass in gear, and I began to run more consistently – even running in a few 5k and 4 mile races.
In the last year and a half, I lost about 15lbs, lowered my bad cholesterol, and raised my good cholesterol, without really altering my diet too much (although I do watch what I eat a bit more). I try to workout about 4 times per week using the elliptical machine, treadmill or running in Central Park. I was lucky because I heeded the warning signs and was hopefully able to change my habits before it became too late.
I urge those of you who are essentially working two jobs to take some time to exercise and take care of yourself. I live in Manhattan, so I walk practically everywhere, but if I was still living in New Hampshire, I probably wouldn’t. I get some great domain ideas when I am working out, and I think it’s important to be physically in shape as well as mentally.

Recent Posts

Negotiate an Inbound Lead via Broker

5
Successfully negotiating a deal is something I enjoy. The negotiation is an important aspect of why I find domain investing to be exhilarating. It...

Candidate Gets Flack for Old Domain Investments

5
When I read about domain names being involved in a political campaign, it is usually because one candidate bought a domain name related to...

Pepe.com Acquired by Pepe Coin ($PEPE)

3
Pepe is a popular meme coin ($PEPE) that has been using the Pepe.vip domain name for its website. According to Binance, Pepe is trading...

FedEx Buys Its 3 Letter .com Ticker Symbol

0
It looks like FedEx has acquired a valuable 3 letter .com domain name. Whois records show FedEx is now the owner of FDX.com. The...

Squadhelp Rebrands as Atom with Atom.com

7
Squadhelp announced a complete rebrand this morning. The company is now known as Atom, and it acquired the Atom.com domain name in advance of...