The E-commerce Leader

[00:00:00] Chris: So if you’re not listing your domains or having a landing there or something, you’re leaving all that money on the table
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[00:00:56] Jason: Hey everybody. Welcome to another episode of the e-commerce leader. Call in show. I’m here with Kyle Hamer, Chris green, Michael Veazey gentleman. How are you doing today? Good.
[00:01:07] Chris: Good. good. Yeah, we are all great.
[00:01:09] Jason: Today’s hot topic. Fun topic is Chris. Imminent launch of a new program. And, we thought we’d ask him about it.
[00:01:18] I’m personally intrigued by a ton. And, so we wanna get a little bit of the behind the scenes flavor, understand what he’s working on, why it’s a hot topic for his community and, really dive deeper into it. And, so Chris, you wanna give us a little bit of just an intro into what you’re doing and then we can go from.
[00:01:36] Chris: Yeah, man. Let’s get into it. Cuz domains are fun domains. Aren’t new. So when you say like a hot topic it’s yeah. I don’t know if it’s just emerging where people are like figuring out that, Hey, this is interesting. Cause it’s been interesting. It’s been interesting since if you go all the way back, like even early nineties, I got into it late nineties.
[00:01:53] First domain I bought was 1999. So it’s not that it’s new, but I think people are, I think maybe it’s the NFT part of. Where people like they understand, wait a minute, there’s digital assets and they’re unique. And I’m like, that’s what domains are. Domains have been out. almost 30 years. It’s like the original NFT it’s digital, but it’s so they can be bought by anybody from anywhere and potentially sold for a lot of money.
[00:02:16] There are multimillion dollar domains out there, and you can register new domains in my opinion, become, interesting and popular and trending as just things develop. And you’re like, That’s a new word that nobody ever said before. Let’s see if the domain is available. And in addition to those, those can be purchased for, as low as $9 for a.com.
[00:02:34] But then finding underpriced domains to me is just a very fun game to play because you can play it on your phone or your laptop. You can search and you can stumble onto. Domains that are incredibly underpriced. And honestly, that’s what I’ve done. And I do that by putting myself into position to find them by searching and doing boring things.
[00:02:56] I, I guess some people call ’em boring. I find it fun. It’s like a treasure hunt and the treasure hunt with again, low risk and potential for high reward, but it’s a patient scheme. It’s positioning yourself to be like, Hey, I’ve got the right product. I’ve got it at the right price, the right person comes along at the right time.
[00:03:13] And yeah, you’re the one who is gonna make that sale because you’ve got a unique digital asset that other people want that has intrinsic value.
[00:03:22] Jason: I love it. I first heard about this topic probably. I don’t know. Maybe 99, 2000, I guess it was probably the late nineties. And I remember I heard say they bought a, they had a catalog of 400 domains and they basically were systematically selling ’em off.
[00:03:40] And, but you’re right. I there’s a lot of energy around this topic. And, what, you said you think maybe the NFT thing spurred, people’s thinking in this regard. It sounds like it struck strike a chord with your audience or struck a chord with your audience. Recently, people are asking you to teach on this, is that right?
[00:03:58] Chris: Yeah. And I think I reverse engineered. Why, when I put out an entrepreneur challenge, which becoming an entrepreneur is what I would love. To talk about all the time, all day, every day, I think it’s got incredible potential, but I get it that it’s difficult to, identify that you have something that you’re good at, that you can teach other people and create a course and overcome imposter syndrome and then convert it to a book.
[00:04:17] And what the heck QR code and how do I use KDP? It’s a lot of steps. But if it’s like domains, it’s like bio domain list it. I can, okay. Yeah, I can do that. It’s so much simpler, less time involved. It’s not the entrepreneur costs money, but if you wanna hire someone to make a cover versus suspending $9 on a domain and.
[00:04:35] It’s just fun. It’s maybe it’s not really like a stock market or crypto kind of thing, but it is like a buy, sell kind of thing. But Jason, you said you have a hundred domains, right? Yeah. Which doesn’t surprise me. Because you’re, you’ve been on the cutting edge of a lot of things, but I’ve found so many people have at least one domain so they know how to buy ’em.
[00:04:50] Yeah. But they’ve never considered listing them or auctioning them. And the pricing. Just drives people crazy. I don’t know what to sell it for because they don’t wanna under price it and leave money on the table. They don’t wanna overprice it and scare buyers away or not get that sale and both sides of those things lead them to inaction.
[00:05:07] So they don’t even list them at all. Yeah. I think it’s a big mistake.
[00:05:10] Jason: I think the conversation you’re prompting in people’s minds is to actually look at the domain as a, an asset class that is investible and, we’ve all, I guess you, anyone could have said since 1994, that’s true. But the question is if you really stop to think about the benefits of investing in an asset class like that, versus trying to buy real estate or trying to buy whatever a business or gold or NFTs or crypto.
[00:05:39] And the reality of it is, people are looking for the arbitrage model adapted to. Marketplaces, I think like, how can I do some low cost, low risk and low cost investing into something that might double my money or triple my money without a lot of complexity, drama, legal risk, et cetera, et cetera.
[00:06:00] And I, I think domains. Satisfy a lot of those, check boxes.
[00:06:04] Michael: What strikes me is that, from the business model point of view, I’ve been experimented with some other things recently and both from this marketing side that you’ve stumbled across Chris, complexity. Has a much more serious effect on everything than we possibly give it credit for.
[00:06:19] Especially somebody as capable as you who’s created multiple information products and created a name himself. And so it feels natural to you. I guess that the reality as you’ve discovered is that people feel that perceive it is extremely complex and difficult. Whereas the perception of simplicity, I think is really important.
[00:06:32] It’s important for you, marketing, of course that’s one thing, but more importantly, I think it’s important for selling yourself on an idea. I’ve noticed in my own behavior over the years, that I’m attracted initially to something that has a lot of potential and complex and interesting, then the follow through diminishes exponentially proportionate to the number of steps there’re in it.
[00:06:50] So I think the simplicity is extremely powerful aspect of it actually. Yeah,
[00:06:54] Chris: Totally agree. Yeah, it is. It is dead simple. I call ’em cheap bets. And probably one of the reasons that I, buy a lot of domains is cuz like, like that, that nagging feeling in your brain where you’re like, if I don’t get it, is it that good?
[00:07:06] Should I buy it? And if you’re talking thousands of dollars, like you’re buying Bitcoin or something yeah, you better slow down a. But for this, Hey, maybe that’ll be something maybe that name will be valuable. And I think the people, the internet is mature enough where people understand what a domain is.
[00:07:19] Most people and they understand like amazon.com. Valuable, a good short pronounceable, memorable dictionary where these things are valuable when you can place a cheap bet for nine bucks. It’s Hey, I’m just gonna buy that for nine bucks and not even worry about it for six months.
[00:07:33] Cause you own it for a year. Yeah. Then you can, you have a year to figure out if you want to do something with it or, maybe it wasn’t such a good idea or, I don’t think it’s gonna be valuable or that tailed off or whatever it is. But for nine bucks for an entire year , that’s like my one.
[00:07:47] Like arbitrage, like for FB, one thing and just holding it and be like, you know what? This might 2000 X by the end of the year, really? I would buy that for $9.
[00:07:58] Kyle: Yeah. I, it reminds me a lot of seed investing or, venture angel, investing where you make place a bunch of small bets hoping that one of them will sort.
[00:08:10] Hit your be your moonshot, right? And I think it’s very much in line with that. It’s there’s a lot of, you can adjust your risk profile depending on how much budget you have. But I guess really, for me the question. Specific to Eucharist. What is sort of your criteria for like even picking a domain?
[00:08:26] That’s really interesting, that sort of becomes the secret sauce is like, how do you determine and, don’t give, if it’s in the course, only give us the tidbits, the big picture teaser, the teaser. Yeah, exactly. So
[00:08:36] Jason: we can go by nine ways to determine that Kyle five,
[00:08:39] Kyle: I’ll give you, I’ll give you 0.5 of one.
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[00:08:42] Chris: No me, I don’t roll like that. I do. No, I know. I know. I give the best stuff for free. Exactly. Just people when they pay for it, they’ll actually take action on it. So I do have, I wouldn’t say it’s unique, but it’s what I use in terms of strategy. I am not. A guy that’s painters in ohio.com and just wait for, so , that’s not me.
[00:08:58] I don’t have a single domain that is on keywords and location. And just hoping that someone stumbles long and wants it. I buy stuff that either I’ll use myself or I see potential in as like a clear, okay, this domain needs this type of business behind it. So there’s always some kind of personal interest in.
[00:09:18] So if I don’t sell it, I can always use it. Like everything has a purpose. I don’t squat. I don’t buy stuff with trademark names. I did buy a bunch of Trump domains. But they were hard to sell goad auctions. Didn’t like listings with the keyword Trump in them, not lot of ’em expire. So I guess, it’s not exclusive that everything has to a a personal tie into it, but I don’t do the keyword, weight on keywords, kind of thing.
[00:09:40] If the.com is taken. And nothing else is taken like painters in ohio.net.org. No zero chance. I would mess with any of those. And that’s what I want people to, go through a course or just learn more about domains to realize it’s about avoiding the junk. Maybe as much as finding the good stuff like you’re like if you’re scanning books and you wanna learn which books are good, scan everything, and you’re eventually gonna figure out which the junk is, and you’re gonna save your time by not touching the junk anymore. That’s how you save your time. And so it’s don’t waste your time on oh, but the.org is available.
[00:10:11] Yeah. But no one cares about the.org. Now I take, I just bought a five letter, dictionary word.net. Which normally I’m not too excited about.net, but I picked up flips.net. And then flips.com is for sale for $540,000. Wow. I like flips.net. I’ll put that on a t-shirt and make a video about my, yard sale hall, put flips.net as a lead gen for an eBay affiliate course kind of thing.
[00:10:36] Cause it’s short enough to take the.net, right? I would take that, that, that domain was registered in 1997. That’s the oldest domain I’ve ever owned.
[00:10:44] Jason: What you just described is what I was gonna ask you about. How, it seems to me like if you buy the digital asset of the domain seems very easy to add value to it by installing, like whatever, a simple website or blow up a social media, free group or a, a profile on Instagram that it blows up or something like that.
[00:11:07] And then you not, you’re not selling a domain at that point. If you could potentially be selling. A business that has a domain with some other asset. And I wonder, there’s a whole track to go down there. In terms of opportunity for how to basically, what you might call, add value to the domain.
[00:11:24] I remember a real estate guy like named do Deus. He had this idea called a missing carport principle where you’d look for a house that was missing a carport and add a carport. And then you. Re-list the house or, rent it or sell it. And that idea of having a domain, that’s just a, just the domain itself and then adding value to, it seems like a big opportunity as well.
[00:11:47] Chris: Now there are places that do that they’ll sell a domain plus a logo, or I would rather sell like a domain with put a convert kit landing page on it. Start collecting emails and then sell the whole thing, yeah. And you could take, so you could take a domain and say it’s something fresh and new, and get the corresponding Instagram account and Twitter account.
[00:12:06] Yeah. Facebook page name and get at Gmail. I wouldn’t set up. The email, cause now you’re start to spend money like every month, if you wanna set up a dedicated email, because, and then have it like, are you interested in this domain, this email list has grown to 1400 people. You can have that and the domain and just give everything.
[00:12:22] But part of it is at least having it up, having something there because I think what happens. And I do this. If I search for a. And I used a site called instant domain search.com. It’s free that they escalate with GoDaddy or something. And it Ko back red. That means it’s already Purchas. right now. I can go check to see if it’s been used.
[00:12:40] Cause a lot of domains that are purchased, they may not actually be used. It’s green if it’s available and it’s blue, if it’s for sale, but I bet 90 plus percent of people that search for a domain, they see it’s taken, they move on to the next idea. What else can we use? What else can we use instead of saying, oh, it’s for sale.
[00:12:54] Cool. Is it for sale for a price that we’re comfortable with? Oh, I don’t like that price, but they’re taking offer. Let me send in an offer because I’m interested in this domain or there’s some kind of contact information, so they know, Hey, this might be available. And if it’s not there, like I say, 90, it’s my guess that 90% of the people don’t even take that step.
[00:13:10] So if you’re not listing your domains or having a landing there or something, you’re leaving all that money on the table. Jason, you should at least have your a hundred domains forward back to your personal website or your business website. Just think for any way that types it in. And then there’s gonna be contact information on that website.
[00:13:24] If they are interested, they know how to get ahold of you instead of a blank page, but who is this private, they’re not gonna pay GoDaddy $69 to open a brokerage. They’re not gonna do it. So again, you have to position yourself for something good to happen to you. That’s awesome. I, the two big domains that I sold know when they sold.
[00:13:41] After I finally listed ’em for sale. Obviously like I tell people it’s for sale. Yeah. I take my own advice like, oh, I guess I should actually list those. And, yeah, I got really good prices for ’em.
[00:13:50] Michael: I guess that’s the couple of thoughts here. And now I’ve got a question for you, following Kyle’s question.
[00:13:54] So the first one is. A bit like a call to action in marketing, everyone in marketing goes, you slap yourself right ahead. Have you’ve forgotten to put a call to action in anything, Facebook post that’s that kind of post or an email or a podcast or whatever it is. So I guess that you just said is put the value of putting a call to action.
[00:14:08] If you list something for sale, it means. Buy me, so you are making explicit. Second thing is I like the idea of de-risking things. First of all, the purchase price sounds very low. It’s $9 and upwards. So that’s a lowered barrier to actually getting it done, which is probably the most important thing.
[00:14:22] But also if you can repurpose it yourself and have a vision for how it could be used, then you’ll de-risking, it feels to me, which is really sweet. I like that a lot. So question for you then following on, I thought Kyle’s you. Nice analogy with venture capital investing or range of investing.
[00:14:36] What sort of hit rate this is? How long is a piece of string, but I have to ask it somehow. What sort of hot hit rate would you expect? You spend X amount on some domains. How much would you spend seven for? How does it all look outside of things?
[00:14:49] Chris: Yeah, there’s no answer to that question, right?
[00:14:51] Depends on the domain. What it’s, what it’s gonna sell for. Yeah. Or it might be a domain that you’re. I bought, I don’t even know how to say this word. I think it’s called insectary insect, whatever it is. It’s the business of insect eating insects, right? It’s like a dictionary word right in. I, there are people predicting that humans will be consuming insect protein down the road.
[00:15:19] It’s likely the. Easiest quickest, fastest, cheapest way to get protein is by breeding insects, compared to obviously chickens and cows and all this stuff. Will everybody be eating it? Probably not, but I don’t know. I picked up, I pick if the dictionary word that’s again, dictionary word was available.
[00:15:37] I was like, I’ll take it. It’s a cheap bet. But it’s not gonna be no, one’s buying it for the next five or 10.
[00:15:42] Kyle: So question, are you adding a YouTube channel to that domain? And how many insects will you be eating? Every that’s my
[00:15:49] question.
[00:15:50] Chris: I need to put up some kind of landing page there for some company that says, Hey, this is growing, right?
[00:15:55] Just somebody proponic vegetable growing, these are all, a little early on things. So some are to hold, go ahead.
[00:16:00] Jason: What would be really cool is if somebody had the discipline to. Put any amount, a thousand dollars, $10,000 into a basket of domains, and then track over time a year later.
[00:16:14] What’s my return on investment. Two years later, what’s my return on investment. Obviously, a lot of it would have to do with the curation at the beginning to your point, Chris, about, Ohio painters versus other that are more interesting or bespoke phrases or words. But that would be really interesting to just say, you know what, on an average basket of, $10,000 worth of domains, the ROI.
[00:16:37] X percent have five people do it and then have an average or something like that. Be really cool cuz you know what the reality is? I can’t no, this is not going away. The Internet’s not going away. There’s no new system, it’s interesting.
[00:16:51] Chris: Yeah. But I, I don’t know if you could like group fund or or do some kind of like stock market type.
[00:16:55] Cause like it’s not just Hey, I have a hundred domains. You could have a hundred crappy domains. Or a hundred amazing. Oh my gosh, you have cameras.com. Where’d you? How’d you get that? Yeah.
[00:17:05] Jason: Now GoDaddy does tell me that I have one that’s worth $1,750. It says that every time I go into
[00:17:11] Chris: GoDaddy and , so Godad does the same for me.
[00:17:15] And I always use entrepreneur. They put entrepreneur myself for, I know the number $5,113. If you list. And I’m like seriously, only $5,000 not to go tos worth a little bit more than that, in my opinion, of course. Cuz domains, the price sells domains, price sells real estate. Price sells literally anything, every stock market, every stock, everything price sells it.
[00:17:36] So people worry about, oh, it’s sold too fast. I priced it too low. Yeah, but if you price it for a price, you’re happy. Take it who care. It’s I’ve listed stuff on eBay and it sounds like super fast then like you look a little closer. It’s oh, that was a special edition. I didn’t realize it was worth twice, three times as much as I listed it for someone got a deal, you know what?
[00:17:53] I got what I asked, so I should shut up about it. You know what I mean? Now, if it takes too long to sell or if it doesn’t sell at all, your Price’s too high, your price high for what it. It might be a crappy domain and that’s why it’s not selling. But it might be really good domain and, but you’re asking way too much for it.
[00:18:08] Like the market is what it is, which is why I would recommend people put on a fairly healthy price that they’d be happy with, but also take offers. Because it might be something that’s very specific and you’re not gonna get a lot of interest, but if someone is interested in there and they’ll give you a fair offer, you know what?
[00:18:21] Take it instead of holding out. Yeah. Someone else might be giving more like it’s a game you gotta play. So you gotta get over that. That loss aver, which kills people, loss, aver is so powerful. Yeah.
[00:18:31] Jason: Here’s four or five reasons why I really like this idea. Number one, it’s a digital asset. You don’t have to take physical possession of anything.
[00:18:39] Number two, as Michael already said, it’s super simple. It’s if your credit card’s on file, you can buy these, and you’re in the game. Number three, it’s like super low maintenance. Like the biggest fear I have with crypto is I have some. Man, I don’t wanna lose my keys or my login info like that, but no GoDaddy is much simpler.
[00:19:01] It’s just it’s not like a big, worry that you’re gonna lose it or anything. So it’s secure and safe. You gotta keep your
[00:19:07] Chris: credit card, like to date otherwise.
[00:19:11] Jason: And then to the final thing I would just say is to my prior point, you can add value to these, yeah. And, I, for those reasons, this is an interest.
[00:19:19] Asset class to invest in. I
[00:19:22] Kyle: think there’s two things that come to mind. When I think about domains, one is you are gonna be the better you are at identifying trends early. The Mo the more advantage you’re gonna have, right? If you can identify, oh, something early on and I can take the best pick of those domains, if they’re available and ride that wave of growth, to a potential exit.
[00:19:47] You’re gonna be in good shape. And then the other thing that sort of really just sticks out to me is that this is a patient game. You have to be a patient long term bag holder, if you would right. Use crypto term. And you have to be willing to sit with these domains for a long time and, add more value to ’em where it.
[00:20:06] Sense. This isn’t a get rich quick. This isn’t a, this isn’t a quick flip. You’re not looking to flip these domains in a week or even six months, maybe a year, but more likely this is a one year, two year, three year, sort of thing. So I think those things are really the brights in my mind of okay, this is how you really optimize, any sort of domain flipping endeavor.
[00:20:27] Chris: Oh, exactly.
[00:20:28] Michael: So question for you, if I’m considering, or if anyone listening is considering this versus say retail arbitrage, or I dunno, some kind of affiliate marketing never goes away or some kind of, infopreneur in indeed, possibly, or entrepreneur sort of route, what would attract them?
[00:20:43] What would be the reasons to do this rather than another business?
[00:20:48] Chris: It doesn’t take much time. It’s low cost it’s potential high reward. Like I don’t spend much time on domains. Most days I don’t do anything with domains. I usually check goad auctions, like just to see what’s expiring, that day in case I miss something that looks really interesting.
[00:21:02] I normally am doing like searches on buying something like, specific, but this is not something I would say anybody should be spending hours on unless they just really personally. If they do, then they’re probably already doing this, so this should very much be a 15 minute thing for people who want to get in domains, go check things that seem interesting.
[00:21:20] Or check them as you go. That’s probably what I do more often is I get my phone out and I go to instant domain search and they check to see if something’s available. I probably do that multiple times day. I did it just now because we were talking about value adding, I went over there to see if turnkey domains, was available.
[00:21:33] Cause I was like a turnkey domain. That would be nice. Jason’s saying, add some value to it. Put a landing page, is taken turnkey. Domain is for sale for. 15 $1,600, which is too much. I like the S and it’s not like I’m gonna really get into turnkey domains, but if it was available for nine bucks, I’d probably pick it up.
[00:21:50] It’s a cheap bet and a year from now I’m might be like, yeah, Jason, no stupid. I’m gonna let it expire. So that does go to the bad part. It’s easy talking about the good part. So the bad part is domains cost money every single year. It’s not a lot of. But it’s more than zero. Okay.
[00:22:01] So if you’re playing with a $0 budget, then you can’t play the domain game. Some domains are more expensive. Dot green is 180 bucks a year, and you can bet you your butt, that I have chris.green, but currently using it. But when you have a.green or green, last name, you can get.green. You gotta get your name.
[00:22:16] Got my kids’ names and stuff like that. It’s like.io is more expensive. Different domain extensions are more expensive, but with the different extensions, there’s more opportunities outside of.com. Dot com is still key to be king for the foreseeable future. but.io is interesting. Dot co has become really interesting, dot net and the right circumstances can be interesting.me.
[00:22:37] I like.me and you can use some of these. Dot. Yeah, you could be Jason M LM, I dot E if you wanted to, you could be J S O N M il.es. That could be your email address if you wanted to. I did with my kid, I got him the domain vid green, and set him up the email address, D letter [email protected].
[00:22:57] That’s his email. He uses it. His friends think it’s cool. Like how did you get that? Cause my dad knows how to do all this. Cool. Yeah,
[00:23:05] Jason: nice,
[00:23:06] Chris: Michael. And it starts a, it doesn’t work. Michael,
[00:23:09] Jason: what’s the, nuance there for like European or UK or other country, like everything’s dot co.uk. How does that
[00:23:17] Michael: interesting question.
[00:23:18] I think for British basic, cuz obviously there’s so much overlap between American online life and British. It’s hard to distinguish the two really, unless you try and buy something from a.com and realize that physical products and they don’t deliver in the UK. So for most British entrepreneurs, I would say.com is a better starting point cuz your point, Chris, it’s the default.
[00:23:35] If you are specifically trying to only serve UK customers and you want to get that across in your domain, then I’d say dot code UK, which is very often available. You can’t get the.com the downside being that I would automatically, and most people would probably automatically write in, something, something.com when they’re looking for your business.
[00:23:51] Yeah. I would say sometimes you could buy dot code UK if you wanna give the signal, your UK focus, but you should probably buy the.com if you can get it. But then of course, I’m thinking as a sort of business owner, rather than a domain O holder flipper, whatever we’re gonna call it. So I guess it’s a different one thinking anyway.
[00:24:06] I’ve gotta say there are some cool domains around, I’ve looked for various ones like.club, dot group and things like that. That do seem very relevant for specific things. Again, I’ve been looking at them with a business, like a group owner hat on, for example. Yeah, it’s interesting to, to flip how you relate to assets around isn’t it, and look at them in different way.
[00:24:22] Yeah. I suspect though, just fine on that point, that there’s probably a lot of opportunity in Europe. That’s under exploited because most Europeans aren’t very digitally savvy compared to Americans or UK residents. So they may be under priced opportunities if you can understand it.
[00:24:36] Jason: Interesting. Yeah.
[00:24:38] So it’s global opportunity here. So let’s wrap this up guys. Chris, we’ve talked about the topic, but we, you haven’t really explained the nuance or detail of what you’re rolling out for folks. So tell us about the course, where you’re at in the process, how people can find it and all those details.
[00:24:55] If they’re more interested in, pursuing, greater education on this topic.
[00:25:00] Chris: Yeah, and people need to get educated, especially if you’re gonna spend money, especially if you’re gonna spend more than the $9, people need to know what they’re getting into. So I’ve set up a website, domain, flips.com.
[00:25:09] It’s got a link there to go to a completely free Facebook group is completely free newsletter. People are gonna ask questions and all of us and all kinds of updates. I am doing a dedicated challenge. It’s a five day challenge. Of course, it’s called the domain challenge. And of course I have the domain challenge.com.
[00:25:25] it’s a strategy that I will explain in the challenge, the domain challenge.com. If anybody goes to it, we’ll redirect back to domain flips.com/challenge. So I only have to maintain one website, but I can have multiple domains to point to, to different parts of that website to make it clear, to make it concise, to make it easy to post on social media.
[00:25:41] And the challenge is five days. I’m going live. Every day, five days, I’m going live twice because I try to be a super nice guy and accommodate multiple time zones. So we’ll go live at 1:00 PM Eastern and 9:00 PM Eastern, same training each day, but really the first day will be super beginner stuff. And after that, it’s going to be fun.
[00:25:59] Getting into some of my techniques that I use to search for, domains. The way that I explain it, this isn’t about buying and selling domains. This is about finding. Buying and selling domains. And if you get really good at finding domains, then like buying is easy, just buy it, selling is easy, list it and sell it.
[00:26:14] But finding either, new emerging opportunities or simply underpriced domains, I’ll put this challenge out there. Go, people should go look up flips. The keyword flips, see the.com, see what they have, see how many extensions are taken. See what they’re asking for the.co the.io and all these things.
[00:26:30] And then when you go in and say, You picked up flips.net for 500. That 500 was kinda a little low outlier compared to all the thousand asking prices for everything else. I’m like exactly. That’s why I bought it. I feel it was underpriced. I don’t know if they’ve forgot, add a zero or two zeros. I don’t care.
[00:26:47] It was sitting there and I was gonna buy before someone else. Stumbled onto it. Cause I stumbled onto it because like the flip stuff. So like I’m looking for keywords that I can also use. So it’s going into things like this. So you can position yourself. You can be in the right place at the right time.
[00:26:59] You can find something that’s underpriced either by mistake, typo, Hey, sorry, seller. You have a typo in it where someone says, Hey, you know what? The new MacBook just came out and I really wanted, and my wife says. Spend any money on, so you know what, I’m just gonna flip this domain. I’m gonna put, I know this domain’s worth a lot, but I know I can get two grand for it super quick.
[00:27:17] They put in like YouTube being in the right place at the right time, stuff like that is what I teach. And by the end, people will be confident. They’ll be like, oh, I understand what a domain is. I understand how why and understand how to listed. I get excited every time I get go searching for a domains because I’m optimistic, I’m gonna find something underpriced and be in the right place.
[00:27:34] And I’d say it’s a fun game. Again, low risk, but potentially very high rewards. And if you play it safe, then it’s really almost hard to lose money.
[00:27:45] Jason: I love it, man. So domain flips.com. I would categorize this almost as an investing strategy, not so much as an active business strategy. So it’s more akin to, how you would treat investable dollars, and it’s interesting, the trade skill that you’ve developed over the last 20 years, you’re gonna teach and there’s always.
[00:28:02] Value and learning what people know. And this is really exciting. I’m personally really looking forward to it and gonna be a part of it. All I signed up for your free group. You haven’t let me in yet. I’m. Worried that you’re gonna filter me out, but, he must have
[00:28:14] Chris: done the past 12 hours or
[00:28:15] Jason: something just joking only did an hour ago.
[00:28:19] Kyle: it was like 30 seconds. He’s oh
[00:28:20] Chris: man, just joined. You don’t have an admin doing that. Automatic.
[00:28:24] Jason: No, I’m serious. I’m really excited about this. I wanna learn how to do it because, this is just another way to, be good stewards of funds that you have. If you’ve got a, a thousand bucks laying around or 5,000 bucks laying around and you’re like, how can I productively put this to.
[00:28:37] This is another trade skill to pick up to potentially do that. Not that you’re marketing it for an investment purpose for FTC details, blah, blah, blah, blah, blah. But nonetheless learning the trade skill is a really good thing. So I’m gonna wrap it there, guys. Wonderful conversation today as always, it’s an honor to hang out with you and to learn from your, expertise and experiences.
[00:28:59] And so we’ll end it there. Thanks guys.
[00:29:01]