50: Smart Tips For Domain Investing: 101, with James Iles

May 30, 2023

26:02

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Is it still possible to make money buying and selling domain names?

For answers I turned to James Iles, who started flipping domains when he was a teenager. Later, he became a blogger in the community. Since last December, James has taken on the role of Global Domain Investing Community Manager for GoDaddy.

In this episode, James shares insights on;

the critical step you need to take prior to putting any money down to buy domains as an investment,
how to determine if a particular one is a good choice,
what it might be worth,
as well as costs involved,
what you can expect to earn working at it a couple of hours a day, and
a fun fact about the .ai extension.

What you'll hear:

01:45 What a Domain Investment Community Manager does

03:05 James started domain investing as a side hustle

03:29 Can you make money at it today?

04:35 Start with a good education in domain investing, for example GoDaddy's Domain Academy

05:30 How do you tell if a domain name is a good investment?

07:22 NameBio offers a great database of domain sales that gets updated every day (upwards of $2.3 billion in sales in the database)

08:14 GoDaddy's tool that uses its back data is called GoValue

10:27 The biggest mistake domain investors make

11:23 One of James's biggest investing mistakes

12:05 Some of the metrics to look for

12:57 Fees for buying and selling