Artificial Intelligence, also known as AI, is the simulation of human intelligence processes by machines. This week we put AI to the test. Although AI can not actually buy a domain – yet – it seems to think it knows lots about the world of buying domains.
The below article is written solely by a robot. Yes, Artificial Intelligence.
A friend of mine told me about this website that writes automated articles, and I thought I would try it. First, the system asks for a specific subject, then particular keywords to help shape the article. For the subject I chose: Buying Domains. For keywords: Premium Domains, Branding, Domain Broker.
Below, the writing has been untouched, pure Artificial Intelligence. However, I added some of my own commentary – highlighted in orange.
Buying Domain Names – How to Make Wise Purchases
Investing in domain names has a pretty simple concept, but when you dig deeper, there’s a whole lot of stuff going on. Show me the stuff! At its core, domain buying and selling means buying domain names with the intent to resell them later, typically to other investors. I have seen this happen, but the goal is mainly to sell to “End Users” or Companies. Investors pay investor prices. Most investors look for domain names that fulfill their investment criteria, purchase the names, and sell the names to others who need to use the… well, you get the idea. – I do not. But there are many other things to keep in mind when you’re investing in domain names.
Buying for Resale
One important factor that goes into buying domain names is buying for resale purposes. Many investors buy domains that they plan to resell later, either as a gift to a client for their assistance -I have never heard of this before – in business or as part of a large portfolio sale. Successful domain flipping involves being able to flip a domain quickly for a nice profit and/or to keep it from sitting on the market until it sells for too low. One important skill you need for a successful domain flipping – Strange wording here, but I do love me a good domain flipping! is being able to find domain names that are already in high demand. Domain names that are difficult to find sometimes take longer to sell than the typical domain name. If you can find a domain name that has a huge demand, it’s much more likely that you can turn a profit on the domain name when you sell it later.
Another important factor that goes into buying domain names for reselling is making sure that the domains are in good condition. Many domains buy domains from domainers who don’t update their web sites often or that don’t offer support for the hosting server. These factors can mean that the domains are less likely to convert to cash flows when they’re sold. This paragraph is not valid, and it is poorly written. Domains do not buy domains from domains, and buying a domain with an outdated website is not necessarily bad. I have never heard that a hosting server, that does not offer support, has caused a domain to lose value or convert to cashflows.
Importance of Timing
One final area of domain buying and selling that should be considered before entering the world of domain investing is timing. This is certainly true. Just like traditional real estate investing, domain investment takes time to build up. The best domains will be purchased at the right time when there is significant value. This value may come from a domain name’s search engine rankings or demand. People purchase different items for different reasons, but demand is certainly more important. If an investor is buying domain names for resale purposes, he or she needs to buy them when the demand is high and the price is right. The people who make the most significant returns on domains purchase them when the demand for that particular keyword is very low. For example, imagine buying NFT.com five years ago? It had value of 30-50,000 USD, but it is worth close to $10,000,000 now.
Consider the Hidden Fees
There are many things to consider when buying domain names for reselling. One of those things is hidden fees. Some registrars charge additional fees for domain transfers- All registrars charge one year registration to transfer a domain name – maintenance and monitoring services that you may never use. I am not sure what these are, but they are possible. Other hidden fees may exist and registrars aren’t always forthcoming about these fees. Investing in domain parking instead of purchasing your own domain could save you money in the long run by taking care of the maintenance and management for you, resulting in higher returns. This sentence makes absolutely no sense. Parking is something investors do to create revenue on the domains they own. They are landers that serve up specific advertisements that are relevant to the keyword of the domain name. For example, if you have Maps.com, users will see advertisements for ads if they visit the domain. If you do not own the domain name, you cannot invest in parking unless you buy or invest in a parking company.
Final Thoughts on Domain Reselling
Investing in domain names can result in tremendous profit for those who know how to do it properly. However, it is also a risky venture for those who don’t know what they’re doing. It can be much more effective and less expensive to hire a domain name registrar to handle your domain name registration and domain name sales. I understand that certain registrars will make suggestions specifically in brand protection as to what a company or trademark holder to purchase, but I have never heard of a registrar helping someone build a domain investment portfolio. A good registry will allow you to purchase and sell domains as well as create and edit your website. A registry is not public facing, so this is not possible. A good registry also offers extra benefits such as traffic and page rank boosts, email marketing and domain name forwarding. The artificial intelligence is confusing a registry with a registrar.
Did AI Understand Domains?
Overall this article touches on some very valid points, but AI is having trouble bringing them together. The domain space can be confusing, and there are a lot of moving parts. But, for what it is, I am pretty impressed! I will try this exercise again, but with a more straightforward subject matter. Stay tuned!