| ♦ REFRESH to rotate MAAMAW'S CLICKY NOTES thru this space..... Timely Tips, Best of the Boards & More ♦ |
| PROTECT YOURSELF FROM SCAMS! Research all business opportunities thoroughly, and never blow off other people's bad experiences. Ask around (and listen!). The Scams101 Message Board is a good place to start. What's that? You've found a Biz Op and you're wondering if it's endorsed by FIB?... Not unless it's listed in MaaMaw's Magnificent Toolbox. |
| |
FIB - Scams 101
You're RIGHT..
Posted By: Pete Egeler In Response To: Buying & selling domains/websites WARNING (Linda)
Date: Tuesday, January 15, 2008, at 12:25 p.m.(pst)
>> There's a certain person on this forum making posts about how they
>> make money buying and selling domains/websites. Yes, this is done all the
>> time but it isn't as easy as it is said to be, at least not for a profit.
>> Please be very careful. I have a lot of experience in this and I have a
>> lot of failures in this area.You have "experience", and it's not easy? Nobody said it was. BUT, if you pick your names CORRECTLY, you can flip a $6 domain for $20 all day long. BUT, you have to have enough smarts to take the time to RESEARCH BEFORE YOU BUY!
IF YOU RESEARCH FIRST, IT IS EASY! There's not a single person with the brains God gave a goose that can't flip domains for a profit if he/she RESEARCHES FIRST!
It's looking very much like you just ran from registrar to registrar yelling.. PUT IT ON THE CARD! Kinda like the guy that approached me last week to help him sell 210 domains he bought. (All at once!) He "thought" the names were "cool". Now he's stuck with them. If he's real lucky, he might get 30-50% of his costs back. Didn't stop to think about it, he just lowered his head, waved his hand, and hollered Put It On The Card! Now, like you, he knows better. :)
>> Follow these rules if you are planning to get into this
>> business...........>> 1. Do NOT let people selling ebooks on domain/website flipping get
>> your false hopes up. They are there to sell you something. Do your
>> research on the business/industry first (see #2)>> 2. Research this industry by going to the following forums and reading
>> posts and asking questions:>> http://www.namepros.com
>> http://www.namestate.com
>> http://www.dnfoum.comGood idea. Bad place to sell! Much like Ebay buyers, these folks do NOT want to pay anything for a domain. Think I'm wrong? Check out all the "$5, $10" domains being dumped. BUT.. if you're buying cheap, and are happy with 2-3 times you purchase price, go for it. I have!
>> 3. Do NOT, for gods sake, do NOT just start buying up domain names
>> because you "think" they are "great domains". You will
>> get into financial trouble fast. I did this. I started just buying domains
>> up like mad on a credit card and next thing you know I have hundreds of
>> domains and thousands of dollars in debt. Most of my domains were not
>> wanted by people so they were bad buys. Buying domains is a lot like
>> buying real estate and stocks.Someone should have taken your credit card away from you long before you did something that stupid! I'm sorry, but that's EXACTLY what maxing out your CC on ANYTHING is. Domains, clothes, furniture...
I buy ONE domain a week. That's what I learned to do. If I don't want to mess with building a site for it, I'll flip it for $20-$30. Since I pay $6 each for my domains, I'm happy with the profit. But it still calls for RESEARCH, RESEARCH, RESEARCH.
If I want "big bucks" for it.. $100 and up, then I build a site for it. Turnkey sites will usually go for $100-$300 or more. Completed, revenue producing, traffic pulling sites from.. depends on how much of each, and how brandable the domain name is.
>> BE CAREFUL! No argument there.
>> Linda
My name is Pete Egeler. If you're going to use my posts as your "example" at least get my name right. "Certain Person" isn't it!
I've been selling online since 1996. I can honestly say that in those first 11-years, I've only had to offer 3 refunds for ANY product I wrote. NONE of those refunds had to do with false promises, blowing smoke up peoples pant leg, etc. One buyer, known around here as a "super-duper-salesman" who claims he can sell anything to anyone got the last refund. According to him, I didn't "Tell him how to sell it."
As MaaMaw says.. Look before you leap. But don't start pointing fingers, or yelling FIRE if you don't take the time for research. Lots of things on this old Internet are easy.. If you FOLLOW THE STEPS LAID OUT FOR YOU!
Rant over.
Pete
Beginner's Guide to Website Flipping..
| |
FIB - Scams 101 is maintained by Lesley Fountain with WebBBS 5.12.
| PLEASE READ THIS LEGAL NOTICE CAREFULLY BEFORE YOU FILE A LAWSUIT OR EVEN WASTE TIME THINKING ABOUT IT. It has been done before, but never successfully. In fact, the last dodobird who tried it ended up being ordered to pay more than $77,000 in attorney fees ($65,000+ to my attorneys and $12,000+ to my co-defendant's legal advisor).
If your attorney is worth his salt, he's going to tell you that the expense of filing a lawsuit you can't win is a whole lot worse than any "damages" resulting from messages posted on this insignificant little chunk of cyberspace. NEWS FLASH: I didn't just climb down off that ol' turnip truck yesterday. I'm well aware that expressing a negative opinion, relating one's personal experience, and restating provable facts are all legal in this country and do not constitute libel, slander, or defamation -- so you don't want to play games with me, and you sure don't want to start something you aren't prepared to finish. I don't take threats lightly, and I don't accept bribes (or did you call it a "mutually-beneficial arrangement"?). I'll turn you in faster than you can yell, "ARREST ME, I'M SCUM!!" Do yourself a favor and turn your legal team loose in greener pastures. Although we may, from time to time, monitor or review discussions, postings and the like on the Friends In Business (Scams 101) Message Board, we are under no obligation to do so. We are not responsible or liable for any claim arising from the content of any such discussions or postings or for any error, defamation, libel, slander, omission, falsehood, obscenity, pornography, profanity, danger, or inaccuracy contained in any information contained within such locations on the Site. You are prohibited from posting or transmitting any unlawful, threatening, libelous, defamatory, obscene, scandalous, inflammatory, pornographic, or profane materials or any material that could constitute or encourage conduct that would be considered a criminal offense, give rise to civil liability, or otherwise violate any law. You are likewise prohibited from posting any false claims against any company or individual. We will fully cooperate with any law enforcement authorities or court order requesting or directing us to disclose the identity of anyone posting any such information or materials. By posting messages and/or content on the Friends In Business (Scams 101) Message Board, you give permission for Lesley Fountain/Friends In Business/Shoestring Success Publications to display, distribute and use the posting and content for publication, advertising, promotion, excerption or example. You grant Lesley Fountain/Friends In Business/Shoestring Success Publications complete, perpetual, but non-exclusive rights to use, archive, reproduce, adapt, modify, distribute, sub-license, repurpose, rework, compile, or offer for sale or resale the messages, postings or content appearing on this site in whole or in part, throughout the world and universe, on a royalty-free basis without remuneration. If you cannot accept or agree with the terms of service for this website and discussion board, you are advised not to post on this board. In closing, I would like to remind you once again that it is still legal, in this great country of ours, to express a PERSONAL OPINION, as long as it is presented as opinion and not as fact. And finally, all you scammers out there will do well to remember that TRUTH IS AN ABSOLUTE DEFENSE against charges of libel, defamation, and slander... so if you're operating just a hop, skip, and jump ahead of the law, you might want to think twice before doing anything stupid... (AND SHAME ON YOU!!). |