Perfect Your Domain Name Knowledge
You can’t make a resolution and then just hope to magically achieve it. That’s a mere wish, not a resolution.
If you resolve improvement as a domain name investor, you must practice. Here are three simple things you can do to improve your domain name knowledge skills on a weekly basis.
Even more important than increasing your domain name knowledge is applying that knowledge to the real world.
Talk To Me About Domain Name Knowledge
The learning process simple: Knowledge, then application, then you own it. You know it.
Because it’s the application of your domain name knowledge that will make you money, not the knowledge itself. If you haven’t made your New Year’s resolutions yet, I’ve got you covered.
Here are 3 things that to do on a week to week basis to practice domain name investment, internalize your knowledge, and improve your investing ROI.
Number 1: Read the weekly DNJournal sales summary to see what’s selling and for how much. The sales report is presented generally on Thursdays, so make a recurring event on your calendar to visit and peruse http://www.dnjournal.com/domainsales.htm each Friday.
Read the weekly domain name sales report, see what’s selling and at what price, make note of extensions, keywords, brands, trends and prices, and focus on what’s selling!
Number 2: Once a week do something to increase the size of your professional network, because the saying is true: the size of your net worth is directly proportional to the size of your network.
Make a 15 minutes recurring event on your calendar each week to activate something that strengthens or increases your network. Ideas to expand your network may consist of contributing or starting a conversation on the DNAcademy discussion forum, publishing a thoughtful comment in an industry blog post, subscribing to a DNA networking forum, a local meetup, attending an in-person network event like Names.Con and even discussing a potential purchase or sale with a peer.
Start small when creating relationships, and don’t ask for anything to start. See what value you can provide. And
Number 3: Check every domain name you own for passive sales opportunities you’re missing out on. Make a recurring event on your calendar for 3 minutes once a week or month to review your portfolio or names you’ve recently purchased.
For every domain name, verify: the domain name has a for-sale landing page; whois privacy is turned off; emails from landing page have arrived properly and not spam-filtered; and domains are listed in Sedo, Afternic, Uniregistry, goDaddy and other marketplaces with a buy-it-now price, if applicable.
Now here’s your turn to take action. I’ve created three resolutions that I’m going to do and you can join and do as well.
It’s on a free web service I launched in 2016 called Resolution Club. All you need is a Facebook account to join. Sign up for one or all of these resolutions and get a weekly email reminder:
Review Weekly DNJournal Sales Report 2. Expand Domain Name Investing Network 3.
Check Every Domain Name For Passive Sales Opportunities. Even more important than increasing your domain name knowledge is applying that knowledge to the real world.
Make a resolution to practice that you’d like to improve your domain name knowledge_nq.