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New to Domain Investing in 2009

I think a whole lot has changed in the domain investment industry since I started a few years ago. I would love to hear from domain investors who recently started out in the industry about how things have been going for them. If you are new to the business, I would love to hear about some of these things:

1) How did you get started?
2) What types of domain names are you buying?
3) Where are you buying and selling most of your domain names?
4) Are you buying in the aftermarket or new registrations?
5) What are your domaining goals?

Thanks for taking the time to respond – and of course for reading my blog.

Estibot Tool Reviews

I see people posting about Estibot appraisals in a variety of places, but I haven’t used the appraisal service much. Personally, I don’t think there is a way to appraise a domain name accurately in an automated fashion. I’ve seen that there are other tools offered by Estibot, but I don’t believe I have ever used any of them in the past.

Today, Jamie from DotWeekly said that he is beginning a new series to review several of the tools Estibot offers, and I look forward to seeing what he has to say about them. Every once in a while I learn about a new domain tool, and it’s good to know about helpful tools that are at our disposal.

Keep Your Registrar Info Updated

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It’s important that you keep your credit card information updated at your domain registrar. Some people and companies who don’t actively monitor their domain names’ status, may not log in to their domain control panel very often since it’s unnecessary once a website is set up. Because credit card numbers change over time as do email addresses, a domain name could be lost if it isn’t renewed in time.

One example of a possible problem has to do with Cisco. Via Sahar’s Blog, I read a post discussing Cisco.com’s upcoming expiration date of May 15, 2009. Ordinarily one month+ is plenty of time to renew a domain name. However, after looking into this a bit, I see that they originally registered the domain name in 1987, and the expiration date of May 15, 2009 is the same as it was from day one. This means they’ve never had to deal with renewing their registration on this domain name.

Although Cisco owns many other domain names, all with the same admin email address, this could have been problematic for them had they used an employees’ email address, who may have departed the company sometime in the last 22 years. They also may not have had a valid credit card number on file. Both of these issues aren’t applicable in this situation for Cisco, but I am sure it happens to others. Long term domain registrations are great, but they could be problematic down the road for some who aren’t vigilant.

While it is highly unlikely that Cisco will forget to renew their primary domain name, it is important for all domain owners to keep credit card and email information accurate and updated. If a company only owns one domain name, and it has an invalid email address and an expired credit card on file, there is a good chance the domain name will expire and be sent to a drop auction.

Rick Latona’s Live Auction at Phoenix Forum

Rick Latona is running a live auction starting now. You can watch a live video feed of the auction at Domaining.com, and you can also easily bid online at http://proxybid.com/ricklatona.   The auction is taking place at The Phoenix Forum, and it features primarily adult domain names and services.

Quick Hits for the Weekend

Seems like even more companies than usual are filing UDRPs for generic domain names. Wonder how many companies have been successful in “acquiring” similar names using scare tactics like C&D letters or letters threatening litigation without even having to file a UDRP.

I’ve done some reading in the past few days about .Tel. As much as I “fooled” on April Fools Day, I do think there is a good reason for some people to buy a .Tel. From what I understand, it’s very easy to set up a site and takes no development knowledge. I sometimes take the development skills I’ve learned in the last year and a half for granted because I still consider myself to be a rookie, but I couldn’t have set elliotsilver.info up without this knowledge. Not needing coding/programming skills is a big plus.

Domain investors really need to learn a little bit of programming language like HTML or have someone on staff (or a reliable family member) that can assist. I’m no genius when it comes to web development, but learning the basics isn’t too painful. It makes us much more self reliant, and it would be similar to a homeowner learning basic things like changing a fuse or using a plunger if the toilet overflows instead of paying a repair guy for a simple fix.

It’s pretty neat to see President Obama on his European trip being embraced and welcomed by foreign leaders. I despise politics and political discussions, but thought it was cool to see during the past few days.

I really hope other people don’t begin using Twitter as a call for help. It’s so easy to miss a message/reply.

If you are trying to complete a domain deal and the price seems too good to be true, use Google to search for the person’s email address, full name (in quotes), and the domain name itself. See if anything sets off any alarm bells before you move forward with any kind of deal. Just because the economy is bad, doesn’t mean people are willing to give away great domain names at well below market value.

Twit & Run

This is cross between a Twitter update and a blog post. A little bit longer than 140 characters, and a little bit shorter than a typical blog post.

Today I am working on building Newburyport.com from the ground up using the same platform my developer built for Lowell.com and Burbank.com. Launch is imminent – hopefully by the end of the weekend.

To me, there is nothing better than learning all about a city and building a website that will represent it to thousands of people a month. It’s exciting!

I will post an update when I turn over the DNS, although the site may be incomplete.

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