As a hobby I have been buying up domains. I have reached almost 50. I have 3 developed (two relatively cheap and one a considerable investment). I only bought domains that I felt had potential if developed. Should I try to have a bunch of them developed or is my time/money better spent on a single site?
How many sites should I get developed?
- Thread starter Mountaineer
- Start date
About a year ago I had some extra cash and I wanted to get in on the whole online business thing. I knew nothing about it and so the extent of my ability was buying domains and hoping I could figure out what to do with them later. It got a bit out of hand. I am still trying to learn the right way to go about putting together and managing an online business.
Buying domains to one day do something is like me going and buying a bunch of office space all around town, so one day I might start a business or something.
1. No business plan. (95% of all ideas don't have this, that's why they stay ideas).
2. No understanding of what you're getting into.
3. Spread too thin from the beginning. It's best to concentrate on 1 great idea, than 50 small good ideas. Even if that 1 great ideas isn't all that great, but does just 1 thing perfectly or better than the competition, you're ahead of the game.
Good luck bro.
1. No business plan. (95% of all ideas don't have this, that's why they stay ideas).
2. No understanding of what you're getting into.
3. Spread too thin from the beginning. It's best to concentrate on 1 great idea, than 50 small good ideas. Even if that 1 great ideas isn't all that great, but does just 1 thing perfectly or better than the competition, you're ahead of the game.
Good luck bro.
I agree I jumped into this the wrong way. Trying to figure out the right way now. Thanks for the feedback.
Yeah, unless you know exactly what you're doing with each domain you're just blowing money. Like carter said, pick one idea you want to pursue and develop the hell outta it. If you want good ideas, go check out enlighten members. CCarter is a goddamn genius when it comes to this stuff. Listen to him.
is my time/money better spent on a single site?
If you ever want a ROI, You need to figure out what it is you want to do, and than try to become good at it. Having all those site's doesn't put a dime in your pocket. All it does is allow you to dream.
If you ever want a ROI, You need to figure out what it is you want to do, and than try to become good at it. Having all those site's doesn't put a dime in your pocket. All it does is allow you to dream.
From my experience, working on as fewer sites possible the better. I used to create and work on 7 niche sites at once, it was a nightmare to do linking with 7 sites, along with 7 different other things, like 7 emails, 7 CMS/FTP logins, 7 sites to advertise etc..
Then a few years ago I abandoned those 7 sites and now all I work on is just one site, and I have to tell you, it is more efficient to work on just one site. I am building traffic up like mad and it is a lot less stressful. I am able to increase this one site's DA and PR so much faster than worrying about 7 sites at once.
So that is my humble opinion and experience on the matter.
Then a few years ago I abandoned those 7 sites and now all I work on is just one site, and I have to tell you, it is more efficient to work on just one site. I am building traffic up like mad and it is a lot less stressful. I am able to increase this one site's DA and PR so much faster than worrying about 7 sites at once.
So that is my humble opinion and experience on the matter.
Gone the days where you just buy domains in-block and few days later all been live, plugged for promotion and some may have already started to rank...Today, you will be lucky if you finish just one...
Work on one at a time. When you see it start moving, you can begin working a little bit on the next. Then repeat. It's almost too simple.
wow buying 50 domains as a hobby? 
Develop 1 by 1, until they give you value. If i have great 50 domain ( rich keyword) i probably build them for mini sites project.
monetize and optimize for site that give more traffic.
the other will be High quality "dummy" backlinks
Develop 1 by 1, until they give you value. If i have great 50 domain ( rich keyword) i probably build them for mini sites project.
monetize and optimize for site that give more traffic.
the other will be High quality "dummy" backlinks