Good Advice About Domain Names on Fox Small Business

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I saw an article on the Fox Small Business website entitled, “4 Smart Tips For Choosing a Good Domain Name,” and before I read it, I was expecting the worse. It seems that more often than not, mainstream articles about buying domain names give advice that I wouldn’t give and frequently cringe when reading. In the case of this article written by Chad Brooks, I think there is some good advice given by the author.

To boil the advice down, the author makes these four recommendations:

  • Correct spelling
  • Short
  • Unique
  • Be willing to pay a premium

When it comes to domain names, I am obviously

5 Reasons Why Domain Consolidation is Important

As I was going through my domain name registrar accounts to change passwords due to the Heartbleed bug, I realized how fortunate I am to have domain names registered at just a few domain registrars. I don’t know how many domain registrars are vulnerable due to the bug, but I do know account security is one of (if not) the most critical components to a domain registrar.

If you are able to do so, I strongly recommend consolidating your domain names at one, two, or three domain registrars for a number of reasons, and I want to share five of them with you. If you have other reasons why you think consolidation is important, feel free to share a comment. If you disagree with me and feel that your domain names should be spread out amongst a variety of domain registrars, you are welcome to share your thoughts about that as well.

1) Account Security – The fewer domain registrar accounts you

Testing “For Sale” Messages

I’ve seen a variety of “for sale” messages on the top of parked landing pages that use DomainNameSales.com, Voodoo, Sedo, and other parking platforms. Some people use the standard message provided by the platform, while others use different versions they create on their own.

I prefer to use whatever is standard because I assume the messages have been tested by the platform. On DNS, I know that Frank Schilling’s company has hundreds of thousands of parked domain names, and it is my assumption that the message being displayed has worked for Frank’s domain names, and I am comfortable using what seems to induce inquiries.

I have landed on other pages where domain owners are using

3 Tips to Find Good Domain Marketplace Deals

When I read Ron Jackson’s weekly sale report, I see at least one or two domain names that sold at a price I would classify as a great deal, and occasionally, I see a name that I wish I had bought for that price. When I see those types of deals come across the wire, my immediate thought is usually something like “shoot, that buyer got a great deal. I wish I had known about it.”

I want to share three tips on how you (and I) can reduce the number of times this happens and score good deals. They may be common sense to some of us, but a reminder is always good because great deals happen on a weekly basis, and being proactive about finding them is what is needed in order to score these deals on our own.

Valuing a Domain Name

Determining the value and sale price of a domain name may seem fairly simple, but there are quite a few factors that need to be considered. Frequently, domain names are priced based on a gut feel, and that gut feel takes many factors into consideration.

In the comment section of my article yesterday about the difficulty in getting market prices on domain flips, Leonard Britt made a suggestion to me: “Perhaps your readers might find it useful to learn how you determine a reasonable end user price for a particular domain.” I shared some of the factors I consider when valuing a domain name, and I thought it would be a good topic to discuss in its own blog post since many domain investors struggle with this issue.

When a domain name is priced too high, prospective buyers may look elsewhere. They may purchase a better priced domain name on Sedo or Afternic, or they may hand register a domain name. When a domain name is priced too low, the seller will end up leaving money on the table. My philosophy is generally to price domain names on the higher side but negotiate a fairer deal with qualified prospects because there are plenty of deals to be had and cash flow is king to the growth of my business.

Listed below (in no particular order) are some of the factors I consider when valuing a domain name:

Beware of This Phishing Threat

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Gizmodo did a solid job of covering a scam that seems to target Netflix account holders. If you haven’t read the article and seen the videos, I urge you to do so. Although this scam is targeting Netflix customers, I could see the potential to target domain registrants as well.

If someone is able to get access to your domain registrar account password and log in name or account number, stealing your domain names could be fairly easy for them. Obviously the key is to not let that happen, and falling for a scam like the one covered by Gizmodo could do jus that.

Here are a few tips to avoid falling for a phishing attempt: